A Small Update on the Giants

The big five just crossed $6 trillion in market cap for the first time ever.

In the past I would point out that they’re now as large as the bottom 359 stocks in the S&P 500. But I’m not going to do that today.

In an effort to shake things up, perhaps a more effective way of showing their dominance is to compare them with the other mega cap stocks in the index.

The big five are equal to the next 24 largest S&P 500 stocks combined!

  • Berkshire Hathaway
  • Visa
  • Johnson & Johnson
  • Walmart
  • Mastercard
  • JPMorgan Chase
  • Procter & Gamble
  • UnitedHealth
  • Home Depot
  • Intel
  • Verizon
  • AT&T
  • Bank of America
  • Adobe
  • Walt Disney
  • Netflix
  • PayPal
  • Exxon Mobil
  • Coca-Cola
  • Merck
  • Cisco
  • Pfizer
  • Pepsi

The big 5 are now 22% of the S&P 500, up from 10% only 5 years ago.

I don’t have much else to add beyond what’s already been written about nonstop over the past five years. All I can say is, just wow.