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

Health Care17.9%+1.29 pp Information Technology17.9%+0.79 pp Utilities3.9%+0.52 pp Materials2.5%+0.42 pp Real Estate3.8%+0.41 pp Communication Services3.6%+0.24 pp Consumer Discretionary7.2%+0.13 pp Consumer Staples9.1%-0.01 pp Energy4.4%-0.26 pp Industrials13.8%-1.36 pp Financials16.0%-2.17 pp

2 · Industry

Inside Information Technology

Systems Software5.30%+0.89 pp Application Software3.29%+0.39 pp Semiconductors3.21%-0.25 pp Technology Hardware, Storage & Peripherals1.82%-0.21 pp Semiconductor Materials & Equipment0.24%-0.15 pp IT Consulting & Other Services1.65%-0.13 pp Communications Equipment1.56%+0.13 pp Electronic Equipment & Instruments0.30%+0.12 pp Electronic Manufacturing Services0.16%-0.06 pp Internet Services & Infrastructure0.19%+0.05 pp Electronic Components0.17%+0.00 pp Technology Distributors0.00%+0.00 pp

3 · Sub-industry

Inside Application Software

Application Software3.29%+0.389 pp

Concentrated

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

View all contributions →

Application Software · weight

3.29%

Industry change · 12M

+0.39 pp

Application Software · contribution

+0.389 pp

Company participation

100%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Mar 2019 · 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
Salesforce → CRM	United States	$122.1bn	0.701%	+0.327 pp	+0.179 pp	+36.2%	Yes
Intuit → INTU	United States	$67.7bn	0.389%	+0.206 pp	+0.117 pp	+52.1%	Yes
Adobe Inc. → ADBE	United States	$130.0bn	0.747%	+0.352 pp	+0.094 pp	+23.3%	Yes
Oracle Corporation → ORCL	United States	$183.6bn	1.054%	+0.475 pp	-0.091 pp	+19.3%	Yes
Cadence Design Systems → CDNS	United States	$17.8bn	0.102%	+0.058 pp	+0.038 pp	+72.7%	Yes
Autodesk → ADSK	United States	$34.2bn	0.197%	+0.096 pp	+0.028 pp	+24.1%	Yes
Synopsys → SNPS	United States	$17.2bn	0.099%	+0.054 pp	+0.023 pp	+38.3%	Yes

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.