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›Consumer Discretionary›Restaurants›Restaurants

1 · Sector

Weight and 12M allocation change

Information Technology17.1%+1.04 pp Utilities3.4%+0.20 pp Real Estate3.4%+0.14 pp Materials2.1%-0.03 pp Consumer Discretionary7.0%-0.06 pp Energy4.6%-0.08 pp Communication Services3.4%-0.08 pp Health Care16.6%-0.13 pp Consumer Staples9.1%-0.27 pp Financials18.1%-0.33 pp Industrials15.2%-0.39 pp

2 · Industry

Inside Consumer Discretionary

Home Improvement Retail1.71%-0.12 pp Restaurants1.50%+0.04 pp Apparel, Accessories & Luxury Goods0.44%+0.03 pp Hotels, Resorts & Cruise Lines0.92%-0.03 pp Broadline Retail0.46%+0.02 pp Casinos & Gaming0.24%+0.02 pp Apparel Retail0.34%+0.02 pp Automotive Retail0.12%-0.01 pp Automobile Manufacturers0.57%-0.01 pp Distributors0.08%-0.01 pp Homebuilding0.15%-0.01 pp Automotive Parts & Equipment0.14%-0.01 pp Computer & Electronics Retail0.13%+0.00 pp Leisure Products0.06%-0.00 pp Other Specialty Retail0.09%-0.00 pp Consumer Electronics0.07%+0.00 pp Footwear0.00%+0.00 pp Homefurnishing Retail0.00%+0.00 pp

3 · Sub-industry

Inside Restaurants

Restaurants1.50%+0.036 pp

Concentrated

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

View all contributions →

Restaurants · weight

1.50%

Industry change · 12M

+0.04 pp

Restaurants · contribution

+0.036 pp

Company participation

60%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Mar 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
Starbucks → SBUX	United States	$81.4bn	0.499%	+0.044 pp	+0.044 pp	+2.5%	Yes
McDonald's → MCD	United States	$124.2bn	0.762%	-0.016 pp	-0.016 pp	-8.0%	No
Yum! Brands → YUM	United States	$28.3bn	0.174%	+0.011 pp	+0.011 pp	+1.1%	Yes
Darden Restaurants → DRI	United States	$10.5bn	0.065%	-0.003 pp	-0.003 pp	-11.1%	No
Chipotle Mexican Grill → CMG	United States	$0.2bn	0.001%	+0.000 pp	+0.000 pp	-0.5%	Yes

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.