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 Technology17.4%+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 Information Technology

Systems Software4.67%+0.41 pp Technology Hardware, Storage & Peripherals2.07%+0.37 pp Semiconductors3.49%+0.27 pp Application Software3.04%+0.25 pp Communications Equipment1.41%+0.09 pp Semiconductor Materials & Equipment0.31%-0.04 pp Internet Services & Infrastructure0.16%+0.03 pp Electronic Components0.16%-0.02 pp Electronic Manufacturing Services0.19%-0.01 pp IT Consulting & Other Services1.73%-0.01 pp Electronic Equipment & Instruments0.17%+0.01 pp Technology Distributors0.00%+0.00 pp

3 · Sub-industry

Inside Application Software

Application Software3.04%+0.251 pp

Concentrated

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

View all contributions →

Application Software · weight

3.04%

Industry change · 12M

+0.25 pp

Application Software · contribution

+0.251 pp

Company participation

71%

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
Adobe Inc. → ADBE	United States	$119.4bn	0.724%	+0.071 pp	+0.164 pp	+22.1%	Yes
Oracle Corporation → ORCL	United States	$175.4bn	1.064%	-0.082 pp	-0.154 pp	-14.2%	No
Salesforce → CRM	United States	$100.1bn	0.607%	+0.085 pp	+0.138 pp	+19.7%	Yes
Intuit → INTU	United States	$52.4bn	0.318%	+0.046 pp	+0.073 pp	+22.0%	Yes
Autodesk → ADSK	United States	$28.7bn	0.174%	+0.006 pp	+0.029 pp	+13.4%	Yes
Cadence Design Systems → CDNS	United States	$12.2bn	0.074%	+0.010 pp	+0.002 pp	-3.5%	Yes
Synopsys → SNPS	United States	$12.8bn	0.077%	+0.001 pp	-0.001 pp	-7.6%	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.