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 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 Information Technology

Technology Hardware, Storage & Peripherals2.02%+0.33 pp Semiconductors3.46%+0.24 pp Systems Software4.41%+0.14 pp Application Software2.90%+0.11 pp Communications Equipment1.43%+0.11 pp IT Consulting & Other Services1.78%+0.04 pp Semiconductor Materials & Equipment0.39%+0.04 pp Internet Services & Infrastructure0.14%+0.02 pp Electronic Equipment & Instruments0.18%+0.01 pp Electronic Manufacturing Services0.22%+0.01 pp Electronic Components0.17%-0.01 pp Technology Distributors0.00%+0.00 pp

3 · Sub-industry

Inside Application Software

Application Software2.90%+0.113 pp

Concentrated

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

View all contributions →

Application Software · weight

2.90%

Industry change · 12M

+0.11 pp

Application Software · contribution

+0.113 pp

Company participation

57%

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
Adobe Inc. → ADBE	United States	$106.4bn	0.653%	+0.093 pp	+0.093 pp	+8.2%	Yes
Oracle Corporation → ORCL	United States	$186.8bn	1.146%	-0.072 pp	-0.072 pp	-11.3%	No
Salesforce → CRM	United States	$85.1bn	0.522%	+0.053 pp	+0.053 pp	+2.1%	Yes
Intuit → INTU	United States	$44.4bn	0.272%	+0.028 pp	+0.028 pp	+3.2%	Yes
Autodesk → ADSK	United States	$27.4bn	0.168%	+0.023 pp	+0.023 pp	+8.6%	Yes
Cadence Design Systems → CDNS	United States	$10.4bn	0.064%	-0.008 pp	-0.008 pp	-18.0%	No
Synopsys → SNPS	United States	$12.4bn	0.076%	-0.003 pp	-0.003 pp	-10.1%	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.