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›Industrials›Industrial Conglomerates›Industrial Conglomerates

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 Industrials

Aerospace & Defense6.81%-0.27 pp Industrial Conglomerates1.23%-0.14 pp Rail Transportation1.04%+0.10 pp Industrial Machinery & Supplies & Components1.01%-0.06 pp Construction Machinery & Heavy Transportation Equipment0.78%-0.05 pp Human Resource & Employment Services0.49%+0.04 pp Building Products0.43%-0.03 pp Passenger Airlines0.53%-0.02 pp Agricultural & Farm Machinery0.29%-0.01 pp Research & Consulting Services0.19%+0.01 pp Cargo Ground Transportation0.09%+0.01 pp Electrical Components & Equipment0.71%-0.01 pp Construction & Engineering0.08%+0.01 pp Trading Companies & Distributors0.10%-0.01 pp Diversified Support Services0.03%+0.00 pp Air Freight & Logistics0.98%+0.00 pp Environmental & Facilities Services0.35%+0.00 pp Data Processing & Outsourced Services0.00%+0.00 pp Heavy Electrical Equipment0.00%+0.00 pp Passenger Ground Transportation0.00%+0.00 pp

3 · Sub-industry

Inside Industrial Conglomerates

Industrial Conglomerates1.23%-0.140 pp

Concentrated

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

View all contributions →

Industrial Conglomerates · weight

1.23%

Industry change · 12M

-0.14 pp

Industrial Conglomerates · contribution

-0.140 pp

Company participation

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
3M → MMM	United States	$97.9bn	0.594%	-0.109 pp	-0.118 pp	-20.3%	No
Honeywell Technologies → HON	United States	$104.7bn	0.635%	-0.010 pp	-0.022 pp	-6.4%	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.