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›Trading Companies & Distributors›Trading Companies & Distributors

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 Industrials

Aerospace & Defense3.45%-3.63 pp Industrial Conglomerates0.70%-0.67 pp Industrial Machinery & Supplies & Components0.56%-0.52 pp Air Freight & Logistics0.54%-0.44 pp Construction Machinery & Heavy Transportation Equipment0.39%-0.44 pp Rail Transportation0.59%-0.36 pp Electrical Components & Equipment0.40%-0.32 pp Passenger Airlines0.32%-0.23 pp Building Products0.25%-0.21 pp Human Resource & Employment Services0.29%-0.16 pp Agricultural & Farm Machinery0.15%-0.16 pp Environmental & Facilities Services0.20%-0.15 pp Research & Consulting Services0.12%-0.06 pp Trading Companies & Distributors0.06%-0.05 pp Data Processing & Outsourced Services0.05%+0.05 pp Cargo Ground Transportation0.04%-0.03 pp Construction & Engineering0.04%-0.03 pp Diversified Support Services0.03%+0.00 pp Heavy Electrical Equipment0.00%+0.00 pp Passenger Ground Transportation0.00%+0.00 pp

3 · Sub-industry

Inside Trading Companies & Distributors

Trading Companies & Distributors0.06%-0.055 pp

Concentrated

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

View all contributions →

Trading Companies & Distributors · weight

0.06%

Industry change · 12M

-0.05 pp

Trading Companies & Distributors · contribution

-0.055 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
United Rentals → URI	United States	$12.9bn	0.042%	-0.039 pp	-0.046 pp	-13.9%	No
Fastenal → FAST	United States	$4.2bn	0.014%	-0.010 pp	-0.009 pp	+7.7%	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.