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

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 Information Technology

Systems Software2.82%-1.45 pp Semiconductors1.92%-1.30 pp Application Software1.80%-0.99 pp IT Consulting & Other Services0.95%-0.79 pp Communications Equipment0.83%-0.48 pp Technology Hardware, Storage & Peripherals1.26%-0.43 pp Semiconductor Materials & Equipment0.15%-0.20 pp Electronic Manufacturing Services0.10%-0.10 pp Electronic Components0.10%-0.08 pp Electronic Equipment & Instruments0.10%-0.06 pp Internet Services & Infrastructure0.10%-0.03 pp Technology Distributors0.00%+0.00 pp

3 · Sub-industry

Inside Application Software

Application Software1.80%-0.991 pp

Concentrated

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

View all contributions →

Application Software · weight

1.80%

Industry change · 12M

-0.99 pp

Application Software · contribution

-0.991 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
Oracle Corporation → ORCL	United States	$193.4bn	0.624%	-0.533 pp	-0.594 pp	-5.1%	No
Adobe Inc. → ADBE	United States	$129.0bn	0.416%	-0.328 pp	-0.144 pp	+31.9%	No
Salesforce → CRM	United States	$115.5bn	0.373%	-0.203 pp	-0.096 pp	+34.0%	No
Intuit → INTU	United States	$56.8bn	0.183%	-0.131 pp	-0.062 pp	+31.3%	No
Autodesk → ADSK	United States	$33.7bn	0.109%	-0.062 pp	-0.036 pp	+33.5%	No
Synopsys → SNPS	United States	$15.2bn	0.049%	-0.031 pp	-0.030 pp	+10.3%	No
Cadence Design Systems → CDNS	United States	$13.3bn	0.043%	-0.030 pp	-0.029 pp	+4.9%	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.