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 Discretionary48.1%+41.00 pp Materials1.1%-1.04 pp Utilities1.9%-1.28 pp Real Estate1.8%-1.40 pp Communication Services1.9%-1.53 pp Energy2.7%-2.04 pp Consumer Staples4.8%-4.56 pp Information Technology10.0%-6.01 pp Health Care10.1%-6.67 pp Industrials8.1%-7.53 pp Financials9.5%-8.94 pp

2 · Industry

Inside Consumer Discretionary

Consumer Electronics44.21%+44.14 pp Home Improvement Retail1.05%-0.78 pp Restaurants0.79%-0.67 pp Hotels, Resorts & Cruise Lines0.47%-0.48 pp Automobile Manufacturers0.26%-0.32 pp Broadline Retail0.26%-0.18 pp Apparel, Accessories & Luxury Goods0.28%-0.13 pp Casinos & Gaming0.09%-0.12 pp Apparel Retail0.23%-0.10 pp Homebuilding0.07%-0.09 pp Automotive Parts & Equipment0.07%-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%-0.02 pp Footwear0.00%+0.00 pp Homefurnishing Retail0.00%+0.00 pp

3 · Sub-industry

Inside Restaurants

Restaurants0.79%-0.670 pp

Concentrated

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

View all contributions →

Restaurants · weight

0.79%

Industry change · 12M

-0.67 pp

Restaurants · contribution

-0.670 pp

Company participation

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Sep 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	$129.8bn	0.414%	-0.333 pp	-0.365 pp	-0.4%	No
Starbucks → SBUX	United States	$76.7bn	0.244%	-0.165 pp	-0.211 pp	+1.8%	No
Yum! Brands → YUM	United States	$28.9bn	0.092%	-0.061 pp	-0.071 pp	+8.9%	No
Darden Restaurants → DRI	United States	$13.7bn	0.044%	-0.037 pp	-0.024 pp	+17.6%	No
Chipotle Mexican Grill → CMG	United States	$0.3bn	0.001%	-0.001 pp	-0.000 pp	+40.0%	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.