Where is market allocation moving?
See what is gaining weight, how quickly it is changing, and what is driving the move.
Gaining market weight
Largest sector gains · last 12 months
No areas in this direction for the selected period.
Explore all industries →Losing market weight
Largest sector declines · last 12 months
No areas in this direction for the selected period.
Compare the market structure →The pace is changing
Latest 3 months versus the previous 3 months
What is driving the change?
12-month company attribution · a rising industry does not mean every company is gaining
Industry movements at a glance
Largest absolute allocation changes · descriptive observations, not rankings of investment merit
| Industry | Market weight | 12M change | Movement | Participation | Weight history · 24M |
|---|---|---|---|---|---|
| Life Sciences Tools & Services No persistent monthly direction | 1.51% | +0.00 pp | Little change | Mixed participation | |
| Technology Hardware, Storage & Peripherals No persistent monthly direction | 1.69% | +0.00 pp | Little change | Mixed participation | |
| Biotechnology No persistent monthly direction | 3.38% | +0.00 pp | Little change | Mixed participation | |
| Health Care Equipment No persistent monthly direction | 2.83% | +0.00 pp | Little change | Mixed participation | |
| IT Consulting & Other Services No persistent monthly direction | 1.74% | +0.00 pp | Little change | Mixed participation | |
| Application Software No persistent monthly direction | 2.79% | +0.00 pp | Little change | Mixed participation | |
| Semiconductors No persistent monthly direction | 3.22% | +0.00 pp | Little change | Mixed participation | |
| Agricultural Products & Services No persistent monthly direction | 0.14% | +0.00 pp | Little change | Mixed participation | |
| Human Resource & Employment Services No persistent monthly direction | 0.45% | +0.00 pp | Little change | Mixed participation | |
| Multi-Utilities No persistent monthly direction | 1.27% | +0.00 pp | Little change | Mixed participation |
How are these descriptive states defined?
Gaining / losing: 12-month weight change above +0.005pp / below −0.005pp. Direction and speed are separate dimensions, not mutually exclusive recommendations.
Accelerating / slowing: compare the most recent 3M change with the preceding 3M change. Accelerating means a positive change speeds up by >0.02pp. Slowing means the magnitude of movement declines by >0.02pp. A falling industry can also slow.
Reversing: the last two 3M changes have opposite signs, outside a ±0.005pp tolerance. Persistence counts consecutive same-direction monthly changes.
Broad / concentrated: company attribution, not a market-cap concentration shortcut. Concentrated means the three largest same-direction contributors account for ≥70% of gross same-direction changes; otherwise broad requires ≥60% of constituents moving with the industry. Other cases are mixed.
Weights use matched S&P 500 members with SEC-reported shares and monthly prices. Companies without both data series are omitted; weights are normalised across matched members each month. These are simple market-cap estimates, not official float-adjusted S&P weights or measured investor flows.