Andrii Yalanskyi/iStock via Getty Images The investable U.S. equity market has significantly expanded in size this year, as per preliminary results for 2024 Russell reconstitution.
The total market cap of the Russell 3000 Index is up 20% from $44.2 trillion as of last year’s rebalance to $53.0 trillion, with the market cap of the ten largest companies rising from a combined $10.
9 trillion to $15.4 trillion. As of 2024 reconstitution , there are six companies above $1 trillion in size, with four of the companies above $2 trillion in size, compared to four companies above $1 trillion in total company market cap in 2023.
Largest companies in the Russell 3000 Index / Russell 1000 Index by size: #1 Microsoft ( MSFT ): 2024 total market cap of $2,893.6B (vs. $2,284.
6B last year) #2 Apple ( AAPL ): 2024 total market cap of $2,630.2B (vs. $2,684.
7B last year) #3 Nvidia ( NVDA ): 2024 total market cap of $2,160.1B (vs. $685.
4B) #4 Alphabet ( GOOG ) ( GOOGL ): 2024 total market cap of $2,011.6B (vs. $1,362.
9B) #5 Amazon.com ( AMZN ): 2024 total market cap of $1,820.5B (vs.
$1,082.0B) #6 Meta ( META ): 2024 total market cap of $1,091.1B (vs.
$615.9B) #7 Berkshire Hathaway ( BRK.A ) ( BRK.
B ): 2024 total market cap of $855.6B (vs. $717.
4B) #8 Eli Lilly ( LLY ): 2024 total market cap of $742.4B (vs. $375.
8B) #9 Broadcom ( AVGO ): 2024 total market cap of $602.6B (vs. $261.
2B) #10 Tesla ( TSLA ): 2024 total market cap of $584.5B (vs. $520.
8B) Microsoft ( MSFT ) took back the top spot fro.
