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 Discretionary47.6%+40.56 pp Materials1.4%-0.73 pp Utilities2.1%-1.09 pp Real Estate2.0%-1.22 pp Communication Services2.1%-1.38 pp Energy2.4%-2.26 pp Consumer Staples5.2%-4.20 pp Health Care10.5%-6.24 pp Information Technology9.7%-6.37 pp Industrials7.4%-8.17 pp Financials9.6%-8.90 pp

2 · Industry

Inside Consumer Discretionary

Consumer Electronics43.87%+43.80 pp Home Improvement Retail0.93%-0.90 pp Restaurants0.90%-0.56 pp Hotels, Resorts & Cruise Lines0.44%-0.51 pp Automobile Manufacturers0.29%-0.28 pp Broadline Retail0.23%-0.21 pp Apparel, Accessories & Luxury Goods0.25%-0.16 pp Casinos & Gaming0.09%-0.13 pp Apparel Retail0.21%-0.12 pp Homebuilding0.07%-0.09 pp Automotive Parts & Equipment0.06%-0.08 pp Computer & Electronics Retail0.06%-0.06 pp Automotive Retail0.07%-0.05 pp Distributors0.05%-0.04 pp Leisure Products0.04%-0.03 pp Other Specialty Retail0.07%-0.02 pp Footwear0.00%+0.00 pp Homefurnishing Retail0.00%+0.00 pp

3 · Sub-industry

Inside Restaurants

Restaurants0.90%-0.565 pp

Concentrated

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

View all contributions →

Restaurants · weight

0.90%

Industry change · 12M

-0.56 pp

Restaurants · contribution

-0.565 pp

Company participation

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Nov 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	$145.3bn	0.483%	+0.077 pp	-0.295 pp	+12.9%	No
Starbucks → SBUX	United States	$82.8bn	0.275%	+0.042 pp	-0.180 pp	+20.2%	No
Yum! Brands → YUM	United States	$28.8bn	0.096%	+0.007 pp	-0.067 pp	+10.9%	No
Darden Restaurants → DRI	United States	$13.7bn	0.046%	-0.001 pp	-0.022 pp	+17.8%	No
Chipotle Mexican Grill → CMG	United States	$0.3bn	0.001%	+0.000 pp	-0.000 pp	+45.7%	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.