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

Information Technology18.5%+1.48 pp Materials2.6%+0.47 pp Consumer Staples9.0%+0.44 pp Utilities3.8%+0.36 pp Real Estate3.7%+0.31 pp Communication Services3.5%+0.30 pp Consumer Discretionary7.3%+0.14 pp Health Care16.9%+0.03 pp Energy4.1%-0.93 pp Industrials13.9%-1.13 pp Financials16.8%-1.46 pp

2 · Industry

Inside Industrials

Aerospace & Defense5.54%-1.28 pp Air Freight & Logistics0.78%-0.19 pp Rail Transportation1.12%+0.13 pp Human Resource & Employment Services0.57%+0.11 pp Environmental & Facilities Services0.45%+0.10 pp Data Processing & Outsourced Services0.08%+0.08 pp Construction Machinery & Heavy Transportation Equipment0.73%-0.06 pp Industrial Machinery & Supplies & Components0.98%-0.03 pp Diversified Support Services0.05%+0.03 pp Agricultural & Farm Machinery0.29%+0.02 pp Passenger Airlines0.51%-0.02 pp Research & Consulting Services0.21%+0.02 pp Cargo Ground Transportation0.06%-0.02 pp Electrical Components & Equipment0.67%-0.02 pp Building Products0.46%+0.02 pp Industrial Conglomerates1.20%-0.02 pp Construction & Engineering0.08%+0.01 pp Trading Companies & Distributors0.09%-0.01 pp Heavy Electrical Equipment0.00%+0.00 pp Passenger Ground Transportation0.00%+0.00 pp

3 · Sub-industry

Inside Trading Companies & Distributors

Trading Companies & Distributors0.09%-0.009 pp

Concentrated

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

View all contributions →

Trading Companies & Distributors · weight

0.09%

Industry change · 12M

-0.01 pp

Trading Companies & Distributors · contribution

-0.009 pp

Company participation

100%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Apr 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
United Rentals → URI	United States	$11.1bn	0.062%	+0.029 pp	-0.015 pp	-6.1%	Yes
Fastenal → FAST	United States	$5.0bn	0.028%	+0.014 pp	+0.006 pp	+45.1%	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.