CTSH
CTSH
INSM
INSM
Index recomposition

NASDAQ-100 Drops Cognizant and Insmed in June Reshuffle

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QuantMyStocks
June 25, 2026 · 1 min read · Index recomposition
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CTSHINSM

Two stocks are out of the NASDAQ-100, and no new names are coming in to replace them — at least not in this batch.

NASDAQ-100

Removed effective June 22, 2026:

  • Cognizant Technology Solutions (CTSH)
  • Insmed Incorporated (INSM)

No additions are announced alongside these cuts.

Why This Matters

Index recompositions create mechanical buying and selling pressure. Every fund tracking the NASDAQ-100 — and there's a lot of money doing exactly that — has to sell CTSH and INSM before the open on June 22. That forced selling is front-run by arbitrageurs the moment the change is announced, which is why stocks being removed often see immediate price pressure. The effect on additions is the mirror image: index funds must buy in, which tends to lift the stock around the effective date.

With no additions here, the buying side of that dynamic is absent. The recomposition is purely subtractive for now.

Disclaimer: This post is educational market commentary, not investment advice or a recommendation to buy or sell any security. Past performance does not guarantee future results. See our Disclaimer & Risk Disclosure.
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