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 Technology17.6%+1.59 pp Energy5.1%+0.44 pp Utilities3.3%+0.18 pp Real Estate3.4%+0.15 pp Consumer Discretionary7.1%+0.03 pp Materials2.1%-0.02 pp Health Care16.6%-0.10 pp Communication Services3.2%-0.30 pp Industrials15.2%-0.43 pp Financials18.0%-0.50 pp Consumer Staples8.4%-1.02 pp

2 · Industry

Inside Consumer Discretionary

Hotels, Resorts & Cruise Lines0.87%-0.07 pp Home Improvement Retail1.78%-0.05 pp Automobile Manufacturers0.63%+0.05 pp Apparel, Accessories & Luxury Goods0.45%+0.04 pp Apparel Retail0.35%+0.03 pp Broadline Retail0.47%+0.03 pp Casinos & Gaming0.24%+0.02 pp Other Specialty Retail0.10%+0.01 pp Automotive Retail0.11%-0.01 pp Automotive Parts & Equipment0.16%+0.01 pp Homebuilding0.15%-0.01 pp Distributors0.08%-0.01 pp Computer & Electronics Retail0.12%-0.00 pp Leisure Products0.07%-0.00 pp Restaurants1.46%-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

Restaurants1.46%-0.001 pp

Concentrated

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

View all contributions →

Restaurants · weight

1.46%

Industry change · 12M

-0.00 pp

Restaurants · contribution

-0.001 pp

Company participation

20%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

May 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	$78.2bn	0.474%	-0.006 pp	+0.019 pp	+0.8%	No
McDonald's → MCD	United States	$125.6bn	0.762%	+0.011 pp	-0.016 pp	-5.9%	No
Yum! Brands → YUM	United States	$26.3bn	0.159%	-0.003 pp	-0.003 pp	-3.0%	No
Darden Restaurants → DRI	United States	$10.8bn	0.066%	-0.003 pp	-0.002 pp	-8.1%	No
Chipotle Mexican Grill → CMG	United States	$0.2bn	0.001%	+0.000 pp	+0.000 pp	+32.5%	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.