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VTI just tracks the CRSP US total stock index, see https://investor.vanguard.com/investment-products/etfs/profile/vti https://investor.vanguard.com/investment-p
by cholmon 7mo ago
VTI just tracks the CRSP US total stock index, see https://investor.vanguard.com/investment-products/etfs/profile/vti https://investor.vanguard.com/investment-products/etfs/profi...
The CRSP index itself adds new companies within 5 days of their IPO, see https://www.crsp.org/what-owning-the-market-really-means/ https://www.crsp.org/what-owning-the-market-really-means/
> The CRSP US Total Market Index, by contrast, adds all IPOs ranging from mega caps to small caps—accounting for 98% of the market—within the first five trading days of the stock’s listing.
So it sounds like SpaceX will show up in VTI sooner than in the Nasdaq100, even with their new "fast entry" rule.
- gruez 7mo agoThe actual scheme described in the OP requires the multiplier to work, though. Otherwise it's just like any other company that's tightly held, in which case only the free float counts and the scheme unravels.
- stockresearcher 7mo agoYes. As long as the free float is at least 10%, it will get the fast track into VTI. According to their methodology guide, they use free float for weights and total shares for ranking. So this IPO would be a mega cap with a tiny weight. Totally the opposite of what a manipulator would want! https://www.crsp.org/wp-content/uploads/guides/CRSP_Market_Indexes_Methodology_Guide.pdf https://www.crsp.org/wp-content/uploads/guides/CRSP_Market_I... I know that a lot of Vanguard funds track CRSP indexes. Right about now is when I wish they had and ETF that tracks this one: https://www.crsp.org/indexes/crsp-us-total-market-ex-mega-cap-index/ https://www.crsp.org/indexes/crsp-us-total-market-ex-mega-ca...
- BoggleOhYeah 7mo ago[dead]