It's almost Glen Scheinberg's time to shine...
At just 27 years old, Scheinberg was working at Goldman Sachs' (GS) algorithmic trading desk when he was poached by quantitative hedge fund Millennium.
Scheinberg was immediately made a portfolio manager – rare for somebody so young. And his team had pretty much one job every year...
Make billions of dollars in a matter of weeks.
Scheinberg and his team got together back in 2014. They've been one of the most successful teams on Wall Street ever since.
And it's all because of one "golden trading window" that the team spends most of the year preparing for.
Today, we'll take a look at this rare window... and explain how everyday investors can profit from it.
Scheinberg made a name for himself in 'index rebalancing'...
Big stock indexes like the S&P 500 and the Russell 3000 (which covers 98% of the U.S. equity market) aren't static. From time to time, they revisit which companies are included.
When companies merge, go bankrupt, or rise or fall a lot in value, they might drop in or out of qualification for certain indexes.
It's not practical to make all these changes exactly when they occur. Instead, different indexes choose particular "rebalance days," usually in late June.
The S&P 500 rebalances quarterly. The Russell indexes rebalance twice a year, as of 2026.
And Scheinberg makes most of his money in the weeks leading up to those rebalances.
Back in 2020, Scheinberg's team was Millennium's No. 1 performing fund...
We don't know exactly what stocks they invested in. But we do know that Tesla (TSLA) finally joined the S&P 500 that year... And its stock rose about 190% in the six months leading up to the rebalance.
That's no fluke. Scheinberg's team consistently makes Millennium billions of dollars ahead of an index rebalancing. Tesla is one in a long string of stocks that surge when they join a major index.
Over the past decade, Scheinberg's strategy has attracted a lot of copycats. Big names like Citadel, Point72, and Schonfeld all copied Millennium.
And it's no wonder they do. More than $100 billion is usually traded the day of a reconstitution... Trillions of dollars are traded in the weeks leading up to it.
It's a massive moneymaking opportunity for folks who get in early. For example, companies that are about to join the small-cap Russell 2000 Index have historically outperformed the whole index by 23% in the first half of the year.
While Wall Street is preparing, most everyday investors don't even know the Russell rebalance is coming up...
The official kickoff for the Russell rebalance is called "rank day." It's the day financial company FTSE Russell looks at all eligible stocks to determine index eligibility.
Rank day is today, April 30.
We're in the midst of the best two months of the trading year... and it's all leading up to June 26 – the Russell rebalance.
We tend to favor this particular rebalance. The Russell 2000, which features the market's tiniest stocks, often experiences the biggest price swings.
Many of these stocks have never been part of a major index before. So this is the first time large institutional investors will be able to purchase them.
Earlier this month, my team and I released our list of stocks that could double between now and June 26. We've pored over hundreds of prospects that could ride this wave higher.
And we've narrowed it down to the five with the best chance of joining the Russell 2000 – and they're soaring.
All five stocks are trading below our recommended "buy up to" prices as we go to press. But the window to scoop them up is closing... fast. For a short time only, learn how to access our recommendations right here.
Investors have roughly two months to position themselves for outsized gains. You can bet that's what Glen Scheinberg and his team are doing. Be sure to join them.
Regards,
Joel Litman
April 30, 2026
