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 Technology17.4%+1.34 pp Energy5.1%+0.43 pp Real Estate3.5%+0.28 pp Utilities3.4%+0.26 pp Health Care16.9%+0.12 pp Consumer Discretionary7.0%-0.03 pp Materials2.1%-0.04 pp Communication Services3.3%-0.15 pp Consumer Staples8.8%-0.60 pp Financials17.7%-0.75 pp Industrials14.7%-0.86 pp

2 · Industry

Inside Consumer Discretionary

Hotels, Resorts & Cruise Lines0.82%-0.12 pp Apparel, Accessories & Luxury Goods0.50%+0.09 pp Restaurants1.39%-0.07 pp Apparel Retail0.37%+0.05 pp Broadline Retail0.47%+0.03 pp Homebuilding0.14%-0.01 pp Automotive Retail0.12%-0.01 pp Automobile Manufacturers0.59%+0.01 pp Other Specialty Retail0.10%+0.01 pp Casinos & Gaming0.21%-0.01 pp Distributors0.08%-0.01 pp Home Improvement Retail1.84%+0.00 pp Computer & Electronics Retail0.13%+0.00 pp Automotive Parts & Equipment0.15%+0.00 pp Leisure Products0.07%+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

Restaurants1.39%-0.074 pp

Concentrated

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

View all contributions →

Restaurants · weight

1.39%

Industry change · 12M

-0.07 pp

Restaurants · contribution

-0.074 pp

Company participation

40%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Jun 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	$67.4bn	0.409%	-0.090 pp	-0.046 pp	-13.1%	No
McDonald's → MCD	United States	$123.0bn	0.746%	-0.016 pp	-0.032 pp	-7.3%	No
Darden Restaurants → DRI	United States	$13.3bn	0.080%	+0.016 pp	+0.013 pp	+12.5%	Yes
Yum! Brands → YUM	United States	$25.3bn	0.153%	-0.020 pp	-0.009 pp	-6.7%	No
Chipotle Mexican Grill → CMG	United States	$0.2bn	0.001%	+0.000 pp	+0.000 pp	+32.8%	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.