Small Cap Stocks
Top 10 of 562 SPSM holdings, updated
As of 12 October 2026, small cap stocks are trailing the S&P 500, over the past month and over the longer run. SPSM trails the S&P 500 by 5.1 points over one month and ranks #64 of 115 groups Zensei tracks. 272 of the 562 small cap stocks Zensei prices in SPSM beat the fund this month.
Where small cap stocks stand now
As of 12 October 2026, S&P 600 Small Cap (SPSM) ranks #64 of the 115 groups Zensei tracks by one-month return against the S&P 500. It is out of favor: it trails the S&P 500 on both rotation windows — 5.1 points behind over the past month and 3.9 points behind over the longer, time-shifted window. That is the Underperformers quadrant.
On the shorter tape, SPSM's momentum is weakening: the intraday trend that carried the move is cooling across the shorter windows. SPSM's relative-strength line has broken below its long-term average — the long-term outperformance trend is no longer intact. Both signals point the same direction here: the market is not rewarding this group on either horizon.
The exposure comes via SPDR Portfolio S&P 600 Small Cap ETF, whose 562 tracked holdings are led by Glaukos Corp, Viasat Inc and Match Group Inc. Weighted by portfolio, the fund's holdings trade at roughly 17.6× earnings. The thing to watch from here is the one-month spread: underperformers only become interesting when the recent window turns positive first — until then, the market is voting elsewhere.
As of , these are the largest small cap stocks in SPSM by fund weight, and the strongest over the past month. Size and recent return are measurements, not recommendations.
Top small cap stocks by fund weight
Ranked by largest share of SPSM
- 1Glaukos CorpGKOS0.6%
- 2Viasat IncVSAT0.6%
- 3Match Group IncMTCH0.5%
- 4Maxlinear IncMXL0.5%
- 5Protagonist Therapeutics IncPTGX0.5%
Best small cap stocks this month
Ranked by one-month return, among the holdings Zensei prices
- 1Penguin Solutions IncPENG+54.7%
- 2RXO IncRXO+47.2%
- 3Pacira Biosciences IncPCRX+43.3%
- 4Schrodinger IncSDGR+36.2%
- 5Tenable Holdings IncTENB+35.4%
Small Cap Stocks vs the S&P 500
Over the week to 12 October 2026, SPSM fell 1.1% while the S&P 500 rose 0.4%. The table compares SPSM and SPY (the S&P 500) over every window Zensei tracks. The spread is the difference: positive means SPSM won that window.
Prices as of · computed from daily adjusted closes · how we measure
S&P 600 Small Cap on the rotation map, against the 11 broad S&P 500 sectors. Vertical: 1-month spread vs the S&P 500. Horizontal: the longer, time-shifted window.
Are small cap stocks expensive?
The price-to-earnings ratio of SPSM as a whole: the total price of its holdings over their total earnings, weighted by share of the fund. Holdings that lose money are left out. Compare with every sector and theme: P/E ratio by sector.
SPSM holdings: the small cap stocks inside
This list covers the 562 largest small cap stocks in SPSM, heaviest first; the 10 largest show their returns where Zensei has a price. As of 12 October 2026, 272 of the 562 small cap stocks Zensei prices in SPSM beat the fund over the past month. 149 of them beat the S&P 500. The strongest is Penguin Solutions Inc (PENG); the weakest is Liquidia Corp (LQDA). Inside the fund, one or two outliers drive most of the move.
| # | Holding | Weight | 1M | 3M | vs fund 1M | Momentum | RS health |
|---|---|---|---|---|---|---|---|
| 1 | GKOSGlaukos Corp | 0.6% | +0.5% | +10.1% | +3.5 pts | Cruising | Strong |
| 2 | VSATViasat Inc | 0.6% | −8.9% | −2.7% | −6.0 pts | Weak | Broken |
| 3 | MTCHMatch Group Inc | 0.5% | −1.6% | +8.3% | +1.4 pts | Accelerating | Strong |
| 4 | MXLMaxlinear Inc | 0.5% | +19.3% | −0.3% | |||
| 5 | PTGXProtagonist Therapeutics Inc | 0.5% | −2.2% | +11.5% | |||
| 6 | ESIElement Solutions Inc | 0.5% | +6.2% | −7.7% | |||
| 7 | PAYCPaycom Software Inc | 0.5% | +7.4% | +60.8% | |||
| 8 | SMSM Energy Co | 0.5% | −1.1% | +26.9% | |||
| 9 | RHPRyman Hospitality Properties Inc | 0.5% | +1.4% | −0.5% | |||
| 10 | RALRalliant Corp | 0.5% | +7.6% | +8.0% |
All 562 SPSM holdings by weight: Glaukos Corp (GKOS) 0.6%, Viasat Inc (VSAT) 0.6%, Match Group Inc (MTCH) 0.5%, Maxlinear Inc (MXL) 0.5%, Protagonist Therapeutics Inc (PTGX) 0.5%, Element Solutions Inc (ESI) 0.5%, Paycom Software Inc (PAYC) 0.5%, SM Energy Co (SM) 0.5%, Ryman Hospitality Properties Inc (RHP) 0.5%, Ralliant Corp (RAL) 0.5%, Jackson Financial Inc (JXN) 0.5%, Life Time Group Holdings Inc (LTH) 0.4%, Carmax Inc (KMX) 0.4%, TG Therapeutics Inc (TGTX) 0.4%, Arcosa Inc (ACA) 0.4%, Eastman Chemical Co (EMN) 0.4%, Federal Signal Corp (FSS) 0.4%, MSGS 0.4%, Plexus Corp (PLXS) 0.4%, Lincoln National Corp (LNC) 0.4%, First Bancorp (FBP) 0.4%, Balchem Corp (BCPC) 0.3%, PTC Therapeutics Inc (PTCT) 0.3%, Casella Waste Systems Inc (CWST) 0.3%, Teleflex Inc (TFX) 0.3%, Noble Corp PLC (NE) 0.3%, AXT Inc (AXTI) 0.3%, Outfront Media Inc (OUT) 0.3%, Iridium Communications Inc (IRDM) 0.3%, Vishay Intertechnology Inc (VSH) 0.3%, The Trade Desk (TTD) 0.3%, Merit Medical Systems Inc (MMSI) 0.3%, ACI Worldwide Inc (ACIW) 0.3%, Mobility Global Inc (MBGL) 0.3%, Axos Financial Inc (AX) 0.3%, SEI 0.3%, Granite Construction Inc (GVA) 0.3%, The Cheesecake Factory Inc (CAKE) 0.3%, Virtu Financial Inc (VIRT) 0.3%, Kulicke & Soffa Industries Inc (KLIC) 0.3%, Box Inc (BOX) 0.3%, Ameris Bancorp (ABCB) 0.3%, Radnet Inc (RDNT) 0.3%, International Seaways Inc (INSW) 0.3%, PECO 0.3%, Warrior MET Coal Inc (HCC) 0.3%, Rithm Capital Corp (RITM) 0.3%, MYR Group Inc (MYRG) 0.3%, Laureate Education Inc SHS (LAUR) 0.3%, Diodes Inc (DIOD) 0.3%, DK 0.3%, Enova International Inc (ENVA) 0.3%, HASI 0.3%, Insight Enterprises Inc (NSIT) 0.3%, Remitly Global Inc (RELY) 0.3%, VSE Corp (VSEC) 0.3%, RXO Inc (RXO) 0.3%, CSW Industrials Inc (CSW) 0.3%, Urban Outfitters Inc (URBN) 0.3%, Eastern Bankshares Inc (EBC) 0.3%, Celanese Corp (CE) 0.3%, Champion Homes Inc (SKY) 0.3%, Enphase Energy Inc (ENPH) 0.3%, Radian Group Inc (RDN) 0.3%, CNR 0.3%, Primoris Services Corp (PRIM) 0.3%, Cactus Inc (WHD) 0.3%, Mercury Systems Inc (MRCY) 0.3%, Versant Media Group Inc (VSNT) 0.3%, ACM Research Inc (ACMR) 0.3%, Construction Partners Inc (ROAD) 0.3%, Fulton Financial Corp (FULT) 0.3%, Oceaneering International Inc (OII) 0.3%, Concentra Group Holdings Parent Inc (CON) 0.3%, Pricesmart Inc (PSMT) 0.3%, Covista Inc (CVSA) 0.3%, CRC 0.3%, INDV 0.3%, Patterson-Uti Energy Inc (PTEN) 0.3%, Tenable Holdings Inc (TENB) 0.3%, PAR Pacific Holdings Inc (PARR) 0.3%, Axcelis Technologies Inc (ACLS) 0.3%, Piper Sandler COS (PIPR) 0.3%, Integer Holdings Corp (ITGR) 0.3%, Cavco Industries Inc (CVCO) 0.2%, Signet Jewelers Ltd (SIG) 0.2%, AZZ Inc (AZZ) 0.2%, BGC Group Inc (BGC) 0.2%, Clear Secure Inc (YOU) 0.2%, Rush Enterprises Inc (RUSHA) 0.2%, Installed Building Products Inc (IBP) 0.2%, The Chefs' Warehouse Inc (CHEF) 0.2%, Moelis & Co (MC) 0.2%, The GEO Group Inc (GEO) 0.2%, Franklin Electric Co Inc (FELE) 0.2%, AAR Corp (AIR) 0.2%, Karman Holdings Inc (KRMN) 0.2%, Tutor Perini Corp (TPC) 0.2%, Openlane Inc (OPLN) 0.2%, Servisfirst Bancshares Inc (SFBS) 0.2%, ICU Medical Inc (ICUI) 0.2%, MARA Holdings (MARA) 0.2%, Cathay General Bancorp (CATY) 0.2%, MDU Resources Group Inc (MDU) 0.2%, Crescent Energy Co (CRGY) 0.2%, MIR 0.2%, Meritage Homes Corp (MTH) 0.2%, United Community Banks Inc (UCB) 0.2%, Helmerich & Payne Inc (HP) 0.2%, Tanger Inc (SKT) 0.2%, Penguin Solutions Inc (PENG) 0.2%, Cinemark Holdings Inc (CNK) 0.2%, Herc Holdings Inc (HRI) 0.2%, Wsfs Financial Corp (WSFS) 0.2%, Independent Bank Corp (INDB) 0.2%, Boot Barn Holdings Inc (BOOT) 0.2%, Bread Financial Holdings Inc (BFH) 0.2%, Skywest Inc (SKYW) 0.2%, Tidewater Inc (TDW) 0.2%, Itron Inc (ITRI) 0.2%, Badger Meter Inc (BMI) 0.2%, The Campbell's Co (CPB) 0.2%, Griffon Corp (GFF) 0.2%, Genworth Financial Inc (GNW) 0.2%, Korn Ferry (KFY) 0.2%, Brady Corp (BRC) 0.2%, Renasant Corp (RNST) 0.2%, CVB Financial Corp (CVBF) 0.2%, Otter Tail Corp (OTTR) 0.2%, Workiva Inc (WK) 0.2%, Apple Hospitality REIT Inc (APLE) 0.2%, STEP 0.2%, AMRX 0.2%, Unifirst Corp (UNF) 0.2%, LXP Industrial Trust (LXP) 0.2%, Clearway Energy Inc (CWEN) 0.2%, Organon & Co (OGN) 0.2%, Atmus Filtration Technologies Inc (ATMU) 0.2%, Q2 Holdings Inc (QTWO) 0.2%, Standex International Corp (SXI) 0.2%, HNI Corp (HNI) 0.2%, Millrose Properties Inc (MRP) 0.2%, Robert Half Inc (RHI) 0.2%, PJT Partners Inc (PJT) 0.2%, Lazard Inc (LAZ) 0.2%, Telephone and Data Systems Inc (TDS) 0.2%, SL Green Realty Corp (SLG) 0.2%, Broadstone Net Lease Inc (BNL) 0.2%, Wesbanco Inc (WSBC) 0.2%, Veracyte Inc (VCYT) 0.2%, Dorman Products Inc (DORM) 0.2%, ADT Inc (ADT) 0.2%, NCR Atleos Corp (NATL) 0.2%, MWA 0.2%, Dave Inc (DAVE) 0.2%, Kinetik Holdings Inc (KNTK) 0.2%, Life360 Inc (LIF) 0.2%, Cohu Inc (COHU) 0.2%, M/I Homes Inc (MHO) 0.2%, Extreme Networks Inc (EXTR) 0.2%, Steven Madden Ltd (SHOO) 0.2%, Simmons First National Corp (SFNC) 0.2%, Highwoods Properties Inc (HIW) 0.2%, Nicolet Bankshares Inc (NIC) 0.2%, Kontoor Brands Inc (KTB) 0.2%, American States Water Co (AWR) 0.2%, Palomar Holdings Inc (PLMR) 0.2%, Veeco Instruments Inc (VECO) 0.2%, First Financial Bancorp (FFBC) 0.2%, Bright Horizons Family Solutions Inc (BFAM) 0.2%, Versigent PLC (VGNT) 0.2%, LFST 0.2%, Knowles Corp (KN) 0.2%, ASO 0.2%, Ultra Clean Holdings Inc (UCTT) 0.2%, Stride Inc (LRN) 0.2%, Corecivic Inc (CXW) 0.2%, Bankunited Inc (BKU) 0.2%, WSC 0.2%, Chesapeake Utilities Corp (CPK) 0.2%, Seacoast Banking Corp of Florida (SBCF) 0.2%, Community Financial System Inc (CBU) 0.2%, Peabody Energy Corp (BTU) 0.2%, Dana Inc (DAN) 0.2%, National Health Investors Inc (NHI) 0.2%, Asbury Automotive Group Inc (ABG) 0.2%, Wisdomtree Inc (WT) 0.2%, Kadant Inc (KAI) 0.2%, Waystar Holding Corp (WAY) 0.2%, Liberty Energy Inc (LBRT) 0.2%, Freshpet Inc (FRPT) 0.2%, OSI Systems Inc (OSIS) 0.2%, Park National Corp (PRK) 0.2%, First Hawaiian Inc (FHB) 0.2%, First Interstate Bancsystem Inc (FIBK) 0.2%, Assured Guaranty Ltd (AGO) 0.2%, Curbline Properties Corp (CURB) 0.2%, Cleanspark Inc (CLSK) 0.2%, Marriott Vacations Worldwide Corp (VAC) 0.2%, SPHR 0.2%, ABM Industries Inc (ABM) 0.2%, Amentum Holdings Inc (AMTM) 0.2%, SPS Commerce Inc (SPSC) 0.2%, Arcbest Corp (ARCB) 0.2%, Avista Corp (AVA) 0.2%, Power Integrations Inc (POWI) 0.2%, Digi International Inc (DGII) 0.2%, NMI Holdings Inc (NMIH) 0.2%, Provident Financial Services Inc (PFS) 0.2%, Benchmark Electronics Inc (BHE) 0.2%, Cushman & Wakefield Ltd (CWK) 0.2%, Acadia Healthcare Co Inc (ACHC) 0.2%, Wd-40 Co (WDFC) 0.2%, Alarm.Com Holdings Inc (ALRM) 0.2%, MGE Energy Inc (MGEE) 0.2%, Hawkins Inc (HWKN) 0.2%, Credit Acceptance Corp (CACC) 0.2%, Centrus Energy Corp (LEU) 0.2%, Transmedics Group Inc (TMDX) 0.2%, American Eagle Outfitters Inc (AEO) 0.2%, H.B. Fuller Co (FUL) 0.2%, Mercury General Corp (MCY) 0.2%, California Water Service Group (CWT) 0.2%, Dnow Inc (DNOW) 0.2%, Adeia Inc (ADEA) 0.2%, Teradata Corp (TDC) 0.2%, Netscout Systems Inc (NTCT) 0.2%, Banc of California Inc (BANC) 0.2%, National Healthcare Corp (NHC) 0.2%, Acadian Asset Management Inc (AAMI) 0.2%, Atricure Inc (ATRC) 0.2%, Group 1 Automotive Inc (GPI) 0.2%, ARQT 0.2%, Cal-Maine Foods Inc (CALM) 0.2%, Hayward Holdings Inc (HAYW) 0.1%, Acadia Realty Trust (AKR) 0.1%, People Inc (PPLI) 0.1%, Rogers Corp (ROG) 0.1%, Trustmark Corp (TRMK) 0.1%, Acadia Pharmaceuticals Inc (ACAD) 0.1%, United Natural Foods Inc (UNFI) 0.1%, Boise Cascade Co (BCC) 0.1%, NBT Bancorp Inc (NBTB) 0.1%, Siriuspoint Ltd (SPNT) 0.1%, Diamondrock Hospitality Co (DRH) 0.1%, Northern Oil & Gas Inc (NOG) 0.1%, FB Financial Corp (FBK) 0.1%, Supernus Pharmaceuticals Inc (SUPN) 0.1%, WRBY 0.1%, Agilysys Inc (AGYS) 0.1%, The Vita Coco Co Inc (COCO) 0.1%, Shake Shack Inc (SHAK) 0.1%, Privia Health Group Inc (PRVA) 0.1%, Neogen Corp (NEOG) 0.1%, Bank of Hawaii Corp (BOH) 0.1%, Five9 Inc (FIVN) 0.1%, Customers Bancorp Inc (CUBI) 0.1%, Ingevity Corp (NGVT) 0.1%, GPOR 0.1%, RSI 0.1%, APAM 0.1%, Kennametal Inc (KMT) 0.1%, Corvel Corp (CRVL) 0.1%, Onespaworld Holdings Ltd (OSW) 0.1%, Century Aluminum Co (CENX) 0.1%, Kaiser Aluminum Corp (KALU) 0.1%, Manpowergroup Inc (MAN) 0.1%, Advance Auto Parts Inc (AAP) 0.1%, Innospec Inc (IOSP) 0.1%, The St. JOE Co (JOE) 0.1%, Eplus Inc (PLUS) 0.1%, Newell Brands Inc (NWL) 0.1%, Red Rock Resorts Inc (RRR) 0.1%, Resideo Technologies Inc (REZI) 0.1%, Urban Edge Properties (UE) 0.1%, Pitney Bowes Inc (PBI) 0.1%, Adma Biologics Inc (ADMA) 0.1%, Acushnet Holdings Corp (GOLF) 0.1%, Liveramp Holdings Inc (RAMP) 0.1%, LTC Properties Inc (LTC) 0.1%, UFP Technologies Inc (UFPT) 0.1%, Cargurus Inc (CARG) 0.1%, Inventrust Properties Corp (IVT) 0.1%, Arcus Biosciences Inc (RCUS) 0.1%, Kohl's Corp (KSS) 0.1%, Wafd Inc (WAFD) 0.1%, Andersons Inc (ANDE) 0.1%, Proto Labs Inc (PRLB) 0.1%, Prestige Consumer Healthcare Inc (PBH) 0.1%, DXP Enterprises Inc (DXPE) 0.1%, Banner Corp (BANR) 0.1%, Diebold Nixdorf Inc (DBD) 0.1%, Four Corners Property Trust Inc (FCPT) 0.1%, Northwest Bancshares Inc (NWBI) 0.1%, Ichor Holdings Ltd (ICHR) 0.1%, Beacon Financial Corp (BBT) 0.1%, Bancfirst Corp (BANF) 0.1%, Callaway Golf Co (CALY) 0.1%, A10 Networks Inc (ATEN) 0.1%, Northwest Natural Holding Co (NWN) 0.1%, Perdoceo Education Corp (PRDO) 0.1%, Perrigo Co PLC (PRGO) 0.1%, Addus Homecare Corp (ADUS) 0.1%, Encore Capital Group Inc (ECPG) 0.1%, OFG Bancorp (OFG) 0.1%, Pebblebrook Hotel Trust (PEB) 0.1%, Patrick Industries Inc (PATK) 0.1%, Neogenomics Inc (NEO) 0.1%, Trinity Industries Inc (TRN) 0.1%, Vericel Corp (VCEL) 0.1%, H2o America (HTO) 0.1%, Interface Inc (TILE) 0.1%, Dorian LPG Ltd (LPG) 0.1%, Liquidia Corp (LQDA) 0.1%, Interparfums Inc (IPAR) 0.1%, First Commonwealth Financial Corp (FCF) 0.1%, V2x Inc (VVX) 0.1%, Phinia Inc (PHIN) 0.1%, Progyny Inc (PGNY) 0.1%, Calix Inc (CALX) 0.1%, Solaredge Technologies Inc (SEDG) 0.1%, Peloton Interactive Inc (PTON) 0.1%, Penn Entertainment Inc (PENN) 0.1%, Minerals Technologies Inc (MTX) 0.1%, Sunstone Hotel Investors Inc (SHO) 0.1%, Pediatrix Medical Group Inc (MD) 0.1%, Quaker Houghton (KWR) 0.1%, Cohen & Steers Inc (CNS) 0.1%, PDF Solutions Inc (PDFS) 0.1%, The Chemours Co (CC) 0.1%, Talos Energy Inc (TALO) 0.1%, Horace Mann Educators Corp (HMN) 0.1%, DXC 0.1%, Armour Residential REIT Inc (ARR) 0.1%, Werner Enterprises Inc (WERN) 0.1%, Sarepta Therapeutics Inc (SRPT) 0.1%, Sezzle Inc (SEZL) 0.1%, John Wiley & Sons Inc (WLY) 0.1%, HRMY 0.1%, Green Brick Partners Inc (GRBK) 0.1%, HCI Group Inc (HCI) 0.1%, Payoneer Global Inc (PAYO) 0.1%, Fortrea Holdings Inc (FTRE) 0.1%, The Western Union Co (WU) 0.1%, Worthington Enterprises Inc (WOR) 0.1%, Sunrun Inc (RUN) 0.1%, The Bancorp Inc (TBBK) 0.1%, Inspire Medical Systems Inc (INSP) 0.1%, City Holding Co (CHCO) 0.1%, Allegiant Travel Co (ALGT) 0.1%, World Kinect Corp (WKC) 0.1%, Doubleverify Holdings Inc (DV) 0.1%, Olin Corp (OLN) 0.1%, LCI Industries Inc (LCII) 0.1%, Ezcorp Inc Registered SHS -A- NON VTG (EZPW) 0.1%, Enerpac Tool Group Corp (EPAC) 0.1%, Gentherm Inc (THRM) 0.1%, Alamo Group Inc (ALG) 0.1%, Albany International Corp (AIN) 0.1%, Alpha Metallurgical Resources Inc (AMR) 0.1%, Hope Bancorp Inc (HOPE) 0.1%, Strategic Education Inc (STRA) 0.1%, Midera Food Processing Inc (MFP) 0.1%, Xenia Hotels & Resorts Inc (XHR) 0.1%, Douglas Emmett Inc (DEI) 0.1%, Evertec Inc (EVTC) 0.1%, Sonos Inc (SONO) 0.1%, Lemaitre Vascular Inc (LMAT) 0.1%, Capri Holdings Ltd (CPRI) 0.1%, Global Net Lease Inc (GNL) 0.1%, CTS Corp (CTS) 0.1%, Ziff Davis Inc (ZD) 0.1%, National Bank Holdings Corp (NBHC) 0.1%, Photronics Inc (PLAB) 0.1%, CVR Energy Inc (CVI) 0.1%, Insperity Inc (NSP) 0.1%, S&T Bancorp Inc (STBA) 0.1%, Xencor Inc (XNCR) 0.1%, First Advantage Corp (FA) 0.1%, Netstreit Corp (NTST) 0.1%, Central Garden & PET Co (CENTA) 0.1%, Blackstone Mortgage Trust Inc (BXMT) 0.1%, Medical Properties Trust Inc (MPT) 0.1%, Stewart Information Services Corp (STC) 0.1%, Ellington Financial Inc (EFC) 0.1%, Progress Software Corp (PRGS) 0.1%, Vestis Corp (VSTS) 0.1%, Wolverine World Wide Inc (WWW) 0.1%, Hub Group Inc (HUBG) 0.1%, Kemper Corp (KMPR) 0.1%, Schrodinger Inc (SDGR) 0.1%, Safety Insurance Group Inc (SAFT) 0.1%, Dime Commercial Bancshares Inc (DCOM) 0.1%, Schneider National Inc (SNDR) 0.1%, Omnicell Inc (OMCL) 0.1%, Alignment Healthcare Inc (ALHC) 0.1%, Astrana Health Inc (ASTH) 0.1%, Innoviva Inc (INVA) 0.1%, Sally Beauty Holdings Inc (SBH) 0.1%, Hawaiian Electric Industries Inc (HE) 0.1%, Pathward Financial Inc (CASH) 0.1%, Blackbaud Inc (BLKB) 0.1%, Getty Realty Corp (GTY) 0.1%, Energizer Holdings Inc (ENR) 0.1%, Everforth Inc (EFOR) 0.1%, Hilltop Holdings Inc (HTH) 0.1%, VIR Biotechnology Inc (VIR) 0.1%, Monarch Casino & Resort Inc (MCRI) 0.1%, Triumph Financial Inc (TFIN) 0.1%, Conmed Corp (CNMD) 0.1%, Masterbrand Inc (MBC) 0.1%, Azenta Inc (AZTA) 0.1%, Dauch Corp (DCH) 0.1%, AMN Healthcare Services Inc (AMN) 0.1%, Innovex International Inc (INVX) 0.1%, National Vision Holdings Inc (EYE) 0.1%, Buckle Inc (BKE) 0.1%, ANI Pharmaceuticals Inc (ANIP) 0.1%, Uniti Group Inc (UNIT) 0.1%, Concentrix Corp (CNXC) 0.1%, Millerknoll Inc (MLKN) 0.1%, Century Communities Inc (CCS) 0.1%, Innovative Industrial Properties Inc (IIPR) 0.1%, Blackline Inc (BL) 0.1%, Goodyear Tire & Rubber Co (GT) 0.1%, Stepan Co (SCL) 0.1%, Lakeland Financial Corp (LKFN) 0.1%, Adient PLC (ADNT) 0.1%, Healthcare Services Group Inc (HCSG) 0.1%, ADI Global Distribution Inc (ADIG) 0.1%, REYN 0.1%, Bj's Restaurants Inc (BJRI) 0.1%, Arlo Technologies Inc (ARLO) 0.1%, Jetblue Airways Corp (JBLU) 0.1%, FMC Corp (FMC) 0.1%, Tompkins Financial Corp (TMP) 0.1%, Lindsay Corp (LNN) 0.1%, Flowers Foods Inc (FLO) 0.1%, US Physical Therapy Inc (USPH) 0.1%, Enact Holdings Inc (ACT) 0.1%, Greenbrier Companies Inc (GBX) 0.1%, Napco Security Technologies Inc (NSSC) 0.1%, Merchants Bancorp (MBIN) 0.1%, Prog Holdings Inc (PRG) 0.1%, Preferred Bank (PFBC) 0.1%, Scansource Inc (SCSC) 0.1%, Westamerica Bancorp (WABC) 0.1%, Grocery Outlet Holding Corp (GO) 0.1%, REX American Resources Corp (REX) 0.1%, Carter's Inc (CRI) 0.1%, Cracker Barrel OLD Country Store Inc (CBRL) 0.1%, Gibraltar Industries Inc (ROCK) 0.1%, Donnelley Financial Solutions Inc (DFIN) 0.1%, Harmonic Inc (HLIT) 0.1%, Walker & Dunlop Inc (WD) 0.1%, La-Z-Boy Inc (LZB) 0.1%, Worthington Steel Inc (WS) 0.1%, Boston Beer Co Inc (SAM) 0.1%, Edgewell Personal Care Co (EPC) 0.1%, J&J Snack Foods Corp (JJSF) 0.1%, SIX Flags Entertainment Corp (FUN) 0.1%, United States Lime & Minerals Inc (USLM) 0.1%, United Fire Group Inc (UFCS) 0.1%, Middlesex Water Co (MSEX) 0.1%, Deluxe Corp (DLX) 0.1%, Del Monte Corp (DMC) 0.1%, Repligen Corp (RGEN) 0.1%, Xpel Inc (XPEL) 0.1%, Hornbeck Offshore Services Inc (HOS) 0.1%, Artivion Inc (AORT) 0.1%, The Wendy's Co (WEN) 0.1%, Atlas Energy Solutions Inc (AESI) 0.1%, Easterly Government Properties Inc (DEA) 0.1%, Capitol Federal Financial Inc (CFFN) 0.1%, Universal Corp (UVV) 0.1%, Coty Inc (COTY) 0.1%, Comstock Resources Inc (CRK) 0.1%, Bristow Group Inc (VTOL) 0.1%, Goosehead Insurance Inc (GSHD) 0.1%, Pursuit Attractions and Hospitality Inc (PRSU) 0.1%, Marinemax Inc (HZO) 0.1%, Tennant Co (TNC) 0.1%, Pacira Biosciences Inc (PCRX) 0.1%, G-Iii Apparel Group Ltd (GIII) 0.1%, PC Connection Inc (CNXN) 0.1%, Tandem Diabetes Care Inc (TNDM) 0.1%, Enovis Corp (ENOV) 0.1%, Sylvamo Corp (SLVM) 0.1%, Certara Inc (CERT) 0.1%, American Assets Trust Inc (AAT) 0.1%, Upwork Inc (UPWK) 0.1%, Universal Technical Institute Inc (UTI) 0.1%, Heritage Financial Corp (HFWA) 0.1%, Liquidity Services Inc (LQDT) 0.1%, Tripadvisor Inc (TRIP) 0.1%, Hanmi Financial Corp (HAFC) 0.1%, Winmark Corp (WINA) 0.1%, Trustco Bank Corp N Y (TRST) 0.1%, Central Pacific Financial Corp (CPF) 0.1%, Standard Motor Products Inc (SMP) 0.1%, Centerspace (CSR) 0.1%, Eagle Bancorp Inc (EGBN) 0.1%, Yelp Inc (YELP) 0.1%, Quanex Building Products Corp (NX) 0.1%, FOX Factory Holding Corp (FOXF) 0.1%, Apogee Enterprises Inc (APOG) 0.1%, Under Armour Inc (UAA) 0.1%, Phibro Animal Health Corp (PAHC) 0.1%, Koppers Holdings Inc (KOP) 0.1%, Quidelortho Corp (QDEL) 0.1%, Employers Holdings Inc (EIG) 0.1%, Trupanion Inc (TRUP) 0.1%, Astec Industries Inc (ASTE) 0.1%, Amphastar Pharmaceuticals Inc (AMPH) 0.1%, Upbound Group Inc (UPBD) 0.1%, Unitil Corp (UTL) 0.1%, Zoominfo Technologies Inc (GTM) 0.1%, Southside Bancshares Inc (SBSI) 0.1%, O-I Glass Inc (OI) 0.1%, NCR Voyix Corp (VYX) 0.1%, Virtus Investment Partners Inc (VRTS) 0.1%, The Simply Good Foods Co (SMPL) 0.1%, Quinstreet Inc (QNST) 0.1%, LGI Homes Inc (LGIH) 0.1%, Integra Lifesciences Holdings Corp (IART) 0.1%, Sonic Automotive Inc (SAH) 0.0%, Corsair Gaming Inc (CRSR) 0.0%, Metallus Inc (MTUS) 0.0%, JBG Smith Properties (JBGS) 0.0%, John B Sanfilippo & SON Inc (JBSS) 0.0%, Adamas Trust Inc (ADAM) 0.0%, Tootsie Roll Industries Inc (TR) 0.0%, Staar Surgical Co (STAA) 0.0%, Rush Enterprises Inc (RUSHB) 0.0%, Marten Transport Ltd (MRTN) 0.0%, Arbor Realty Trust Inc (ABR) 0.0%, Alpha & Omega Semiconductor Ltd (AOSL) 0.0%, Adapthealth Corp (AHCO) 0.0%, Healthstream Inc (HSTM) 0.0%, Sabre Corp (SABR) 0.0%, Marcus & Millichap Inc (MMI) 0.0%, F&G Annuities & Life Inc (FG) 0.0%, National Beverage Corp (FIZZ) 0.0%, Collegium Pharmaceutical Inc (COLL) 0.0%, Legalzoom.Com Inc (LZ) 0.0%, Winnebago Industries Inc (WGO) 0.0%, Papa John's International Inc (PZZA) 0.0%, Sprinklr Inc (CXM) 0.0%, Pennymac Mortgage Investment Trust (PMT) 0.0%, National Presto Industries Inc (NPK) 0.0%, United Parks & Resorts Inc (PRKS) 0.0%, Heartland Express Inc (HTLD) 0.0%, RPC Inc (RES) 0.0%, Scholastic Corp (SCHL) 0.0%, Under Armour Inc (UA) 0.0%, Navient Corp (NAVI) 0.0%, World Acceptance Corp (WRLD) 0.0%, Safehold Inc (SAFE) 0.0%, Dream Finders Homes Inc (DFH) 0.0%, Agnt Inc (AGNT) 0.0%, Saul Centers Inc (BFS) 0.0%, Central Garden & PET Co (CENT) 0.0%.
Small Cap Stocks: common questions
Small cap stocks list: which stocks are in SPSM?
As of 12 October 2026, this page lists the 562 largest small cap stocks in SPSM, from the fund's published holdings. The three largest by fund weight are Glaukos Corp (GKOS, 0.6%), Viasat Inc (VSAT, 0.6%) and Match Group Inc (MTCH, 0.5%). Each one shows its fund weight; the 10 largest also show their one-month and three-month returns where Zensei has a price.
What are the best small cap stocks this month?
As of 12 October 2026, ranked by one-month return, the three strongest small cap stocks in SPSM are Penguin Solutions Inc (PENG, +54.7%), RXO Inc (RXO, +47.2%) and Pacira Biosciences Inc (PCRX, +43.3%). This ranks past return only; it does not forecast the next month.
What are the top 3 small cap stocks?
As of 12 October 2026, the three largest small cap stocks in SPSM by fund weight are Glaukos Corp (GKOS, 0.6%), Viasat Inc (VSAT, 0.6%) and Match Group Inc (MTCH, 0.5%). Fund weight shows size inside the fund, not a recommendation.
Which small cap stocks are beating the sector?
As of 12 October 2026, 272 of the 562 small cap stocks Zensei prices in SPSM beat the fund over the past month. The strongest over the past month is Penguin Solutions Inc (PENG). The table above shows the largest holdings with their weights and returns.
Which ETF holds small cap stocks?
Several ETFs hold small cap stocks. Zensei tracks the group through SPSM, the SPDR Portfolio S&P 600 Small Cap ETF. As of 12 October 2026, Zensei has the 562 largest small cap stocks from its published holdings, and the 10 largest make up 5.2% of the fund.
Are small cap stocks outperforming the S&P 500?
No. As of 12 October 2026, SPSM trails the S&P 500 by 5.1 points over the past month.
What is SPSM?
SPSM is SPDR Portfolio S&P 600 Small Cap ETF. Zensei uses it to measure small cap stocks against the S&P 500 (SPY).
What stocks does SPSM own?
As of 12 October 2026, the largest of the 562 positions Zensei tracks in SPSM are Glaukos Corp, Viasat Inc, Match Group Inc, Maxlinear Inc, Protagonist Therapeutics Inc. Each position measured against the fund, with momentum and relative strength, is part of Zensei Premium.
What quadrant is s&p 600 small cap in right now?
As of 12 October 2026, s&p 600 small cap is in the Underperformers quadrant — trailing the S&P 500 on both windows. The Zensei methodology page explains the quadrants.
Recent changes
- ·First tracked: trailing the market
Related sectors
Track s&p 600 small cap against the whole market
Zensei Edge maps 100+ sectors and themes against the S&P 500 — with the stocks inside each one, rotation history and alerts when leadership changes hands.
Compare all sectors: Sector heat map · Sector P/E ratios