# Howard Hughes Holdings to Replace Arcosa in S&P SmallCap 600 After CRH Deal Closes

> Howard Hughes Holdings will replace Arcosa in the S&P SmallCap 600 on October 28, after CRH closed its acquisition of Arcosa on October 23.

- Published: 2026-10-23T21:54:34+00:00
- Section: Mergers & Acquisitions
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-23/howard-hughes-holdings-sp-smallcap-600
- Source: [Stock Titan](https://www.stocktitan.net/news/ACA/howard-hughes-holdings-set-to-join-s-p-small-cap-s14ag161ish9.html)

## Key takeaways

- Howard Hughes Holdings will replace Arcosa in the S&P SmallCap 600 effective before trading on October 28.
- CRH closed its acquisition of Arcosa on October 23, prompting the index change.
- Howard Hughes Holdings operates master planned communities across 118,000 acres in five U.S. states and specialty insurance through Vantage Risk.

[Howard Hughes Holdings](https://akta.pro/company-profiles/0000zi1/howard-hughes-holdings) Inc. will replace Arcosa Inc. in the S&P SmallCap 600 effective before the opening of trading on October 28, after [CRH](https://akta.pro/company-profiles/00049sv/crh) plc completed its acquisition of Arcosa on October 23. Stock Titan reported the index change.

## Howard Hughes Holdings Replaces Arcosa in the S&P SmallCap 600

S&P Dow Jones Indices said Howard Hughes Holdings (NYSE: HHH) will join the S&P SmallCap 600, while Arcosa (NYSE: ACA) will be deleted from the index. The change takes effect prior to the open of trading on Wednesday, October 28. CRH plc (NYSE: CRH), an S&P 500 constituent, acquired Arcosa in a deal that closed on October 23.

Howard Hughes Holdings is a diversified holding company operating master planned community real estate across 118,000 acres in five U.S. states and specialty insurance through its Vantage Risk subsidiary following a June 2026 acquisition. CRH completed its acquisition of Arcosa, a U.S. aggregates and energy transmission provider, for approximately $8.5 billion in enterprise value, according to [Stock Titan](https://www.stocktitan.net/news/ACA/howard-hughes-holdings-set-to-join-s-p-small-cap-s14ag161ish9.html). The deal advances CRH's aggregates-led, connected portfolio strategy and reinforces its position as a leader in U.S. aggregates.

## Howard Hughes Holdings' Recent Deals and Funding

According to [akta.pro company records](https://akta.pro/company-data), Howard Hughes Holdings completed the $2.1 billion all-cash acquisition of Vantage Group Holdings on June 4, 2026, adding specialty insurance, reinsurance, and insurance-linked securities operations and transforming HHH into a Berkshire Hathaway-style diversified holding company. Pershing Square Holdings subscribed for $1 billion of non-voting exchangeable perpetual preferred stock in HHH, structured in 14 tranches with HHH repurchase rights, to finance the Vantage acquisition and provide permanent growth capital. The company's gross asset value rose to $4.8 billion, and its market capitalization was reported at $3.68 billion in April 2026.

## Howard Hughes Holdings' Path to the Index Change

Bill Ackman said in October 2026 that he prefers Trump's ability to command a room over Buffett's investment instincts, and he is using Pershing Square to acquire 47% of Howard Hughes Holdings and transform it into a Berkshire-like conglomerate, selling real estate and diversifying into insurance, Benzinga reported. Howard Hughes Communities announced on October 14 that Jim Carman will end his full-time service as Texas Region president at year's end, transitioning to an advisory role on January 1, Community Impact reported. Howard Hughes Communities is developing Teravalis, a 37,000-acre master-planned community in Arizona, with entitlements for up to 130,000 homes and roughly 60 million square feet of commercial space, HousingWire reported on October 8.

## Howard Hughes Holdings' October 28 Index Effective Date

The S&P SmallCap 600 change takes effect prior to the opening of trading on October 28, 2026.

## Companies in this story

- [Howard Hughes Holdings company profile](https://akta.pro/company-profiles/0000zi1/howard-hughes-holdings) · website: https://www.howardhughes.com
- [CRH company profile](https://akta.pro/company-profiles/00049sv/crh) · website: http://crh.com

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