Observatory · observe first

Follow the allocation change

Matched S&P 500 members → sector → industry → sub-industry → company. Each step uses the same percentage points.

Historical time machine

Historical observation

20182026

Universe›Information Technology›Application Software›Application Software

1 · Sector

Weight and 12M allocation change

Information Technology16.9%+0.89 pp Financials18.6%+0.16 pp Health Care16.8%+0.07 pp Utilities3.2%+0.02 pp Materials2.1%-0.02 pp Real Estate3.2%-0.05 pp Consumer Discretionary7.0%-0.09 pp Communication Services3.3%-0.14 pp Industrials15.3%-0.24 pp Energy4.4%-0.28 pp Consumer Staples9.0%-0.33 pp

2 · Industry

Inside Information Technology

Semiconductors3.41%+0.19 pp Technology Hardware, Storage & Peripherals1.86%+0.17 pp Systems Software4.42%+0.16 pp Application Software2.93%+0.14 pp Communications Equipment1.45%+0.14 pp IT Consulting & Other Services1.79%+0.04 pp Semiconductor Materials & Equipment0.39%+0.04 pp Electronic Manufacturing Services0.22%+0.01 pp Internet Services & Infrastructure0.14%+0.01 pp Electronic Equipment & Instruments0.17%+0.01 pp Electronic Components0.17%-0.00 pp Technology Distributors0.00%+0.00 pp

3 · Sub-industry

Inside Application Software

Application Software2.93%+0.140 pp

Concentrated

Most of this industry's gains came from a few companies.

View all contributions →

Application Software · weight

2.93%

Industry change · 12M

+0.14 pp

Application Software · contribution

+0.140 pp

Company participation

71%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Feb 2018 · sorted by absolute contribution to 12-month change

Company	Country	Market cap	Universe weight	3M contribution	12M contribution	12M price return	Above 6M weight average
Adobe Inc. → ADBE	United States	$102.8bn	0.616%	+0.056 pp	+0.056 pp	+4.7%	Yes
Oracle Corporation → ORCL	United States	$209.8bn	1.257%	+0.039 pp	+0.039 pp	-1.8%	Yes
Salesforce → CRM	United States	$84.0bn	0.503%	+0.034 pp	+0.034 pp	+2.1%	Yes
Intuit → INTU	United States	$42.7bn	0.256%	+0.011 pp	+0.011 pp	-0.6%	Yes
Autodesk → ADSK	United States	$25.9bn	0.155%	+0.010 pp	+0.010 pp	+1.6%	Yes
Cadence Design Systems → CDNS	United States	$11.0bn	0.066%	-0.007 pp	-0.007 pp	-13.6%	No
Synopsys → SNPS	United States	$12.6bn	0.075%	-0.003 pp	-0.003 pp	-8.6%	No

Company contributions use weights among matched S&P 500 members and add through each level without rescaling. Companies without matched shares and prices are omitted. These observations do not establish official index weights or actual fund flows.