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 Technology17.6%+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 Information Technology

Semiconductors3.65%+0.43 pp Systems Software4.69%+0.42 pp Technology Hardware, Storage & Peripherals2.08%+0.39 pp Application Software3.12%+0.33 pp Communications Equipment1.39%+0.07 pp IT Consulting & Other Services1.70%-0.05 pp Internet Services & Infrastructure0.15%+0.03 pp Electronic Components0.16%-0.02 pp Semiconductor Materials & Equipment0.34%-0.01 pp Electronic Equipment & Instruments0.17%+0.01 pp Electronic Manufacturing Services0.20%-0.01 pp Technology Distributors0.00%+0.00 pp

3 · Sub-industry

Inside Application Software

Application Software3.12%+0.327 pp

Concentrated

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

View all contributions →

Application Software · weight

3.12%

Industry change · 12M

+0.33 pp

Application Software · contribution

+0.327 pp

Company participation

86%

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
Adobe Inc. → ADBE	United States	$122.8bn	0.745%	+0.129 pp	+0.185 pp	+24.8%	Yes
Salesforce → CRM	United States	$94.9bn	0.576%	+0.073 pp	+0.107 pp	+13.5%	Yes
Intuit → INTU	United States	$51.7bn	0.314%	+0.058 pp	+0.069 pp	+20.4%	Yes
Oracle Corporation → ORCL	United States	$190.7bn	1.157%	-0.100 pp	-0.061 pp	-9.1%	No
Autodesk → ADSK	United States	$28.2bn	0.171%	+0.016 pp	+0.026 pp	+11.7%	Yes
Synopsys → SNPS	United States	$13.1bn	0.080%	+0.004 pp	+0.001 pp	-4.9%	Yes
Cadence Design Systems → CDNS	United States	$12.0bn	0.073%	+0.007 pp	+0.000 pp	-5.4%	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.