The S&P 500 dropped 19% in 2022, and the NASDAQ shed 33%.
By comparison, the combined market cap of the 2022 Lonergan SV150, our firm’s ranking of the top public companies in technology headquartered in Silicon Valley, has dropped a total of 30% in the nine months since March 31.
Let’s look at the changes in market cap by category:
Category | Market Cap March 31 | Market Cap Sept 30 | Percent Change |
|---|---|---|---|
Total Rankings | $10.5 T | $7.3 T | -30% |
Recent Public Co’s Added to Rankings | $131 B | $74 B | -43% |
Top 50 Co’s | $9,812 B | $6,893 B | -30% |
Mid 50 Co’s | $496 B | $303 B | -39% |
Bottom 50 Co’s | $223 B | $131 B | -41% |
Top Gainer — Super Micro (LSV #43) | $1,963 M | $4,345 M | 121% |
Top Loser - | $1,229 M | $213 M | -83% |
All 16 Gainers | $223 B | $281 B | 26% |
All 128 Losers | $10.3 T | $7.0 T | -32% |
Note: Acquisitions removed 7 companies in the Lonergan SV150 rankings since March 31. The companies were not included in this change analysis: Twitter (LSV #36), Zynga (LSV #52), Poly (LSV #62), Coherent (LSV #72), Anaplan (LSV #109), Natus Medical (LSV #116), and NeoPhotonics (LSV #142). Their markets caps were excluded from the numbers for both March 31 and Sept 30.
To read more about the Lonergan SV150, visit our 2022 Insights Page or download the company table.
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