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

Consumer Discretionary47.4%+40.34 pp Materials1.1%-1.02 pp Utilities1.9%-1.24 pp Real Estate1.9%-1.31 pp Communication Services1.9%-1.52 pp Energy2.7%-2.03 pp Consumer Staples4.8%-4.53 pp Information Technology10.1%-5.91 pp Health Care9.9%-6.82 pp Industrials8.2%-7.41 pp Financials9.9%-8.55 pp

2 · Industry

Inside Consumer Discretionary

Consumer Electronics43.56%+43.49 pp Home Improvement Retail1.03%-0.81 pp Restaurants0.78%-0.69 pp Hotels, Resorts & Cruise Lines0.45%-0.49 pp Automobile Manufacturers0.28%-0.30 pp Broadline Retail0.27%-0.17 pp Apparel, Accessories & Luxury Goods0.27%-0.14 pp Casinos & Gaming0.10%-0.11 pp Apparel Retail0.23%-0.10 pp Homebuilding0.08%-0.08 pp Automotive Parts & Equipment0.08%-0.07 pp Automotive Retail0.07%-0.06 pp Computer & Electronics Retail0.07%-0.05 pp Distributors0.05%-0.04 pp Other Specialty Retail0.06%-0.03 pp Leisure Products0.04%-0.03 pp Footwear0.00%+0.00 pp Homefurnishing Retail0.00%+0.00 pp

3 · Sub-industry

Inside Restaurants

Restaurants0.78%-0.690 pp

Concentrated

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

View all contributions →

Restaurants · weight

0.78%

Industry change · 12M

-0.69 pp

Restaurants · contribution

-0.690 pp

Company participation

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Aug 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
McDonald's → MCD	United States	$125.9bn	0.406%	-0.356 pp	-0.372 pp	-3.4%	No
Starbucks → SBUX	United States	$72.1bn	0.233%	-0.242 pp	-0.223 pp	-4.2%	No
Yum! Brands → YUM	United States	$27.6bn	0.089%	-0.070 pp	-0.074 pp	+4.1%	No
Darden Restaurants → DRI	United States	$14.3bn	0.046%	-0.019 pp	-0.021 pp	+22.8%	No
Chipotle Mexican Grill → CMG	United States	$0.3bn	0.001%	-0.001 pp	-0.000 pp	+46.3%	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.