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›Utilities›Multi-Utilities›Multi-Utilities

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 Utilities

Electric Utilities2.10%+0.22 pp Gas Utilities0.07%+0.07 pp Multi-Utilities1.39%+0.03 pp Independent Power Producers & Energy Traders0.13%+0.02 pp Water Utilities0.11%+0.01 pp

3 · Sub-industry

Inside Multi-Utilities

Multi-Utilities1.39%+0.180 pp

Broad

The gain is shared across much of the industry.

View all contributions →

Multi-Utilities · weight

1.39%

Industry change · 12M

+0.03 pp

Multi-Utilities · contribution

+0.180 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
Dominion Energy → D	United States	$62.2bn	0.347%	+0.195 pp	+0.080 pp	+22.8%	Yes
CenterPoint Energy → CNP	United States	$15.5bn	0.087%	+0.035 pp	+0.019 pp	+27.4%	Yes
Xcel Energy → XEL	United States	$29.1bn	0.162%	+0.073 pp	+0.016 pp	+24.5%	Yes
Ameren → AEE	United States	$17.8bn	0.099%	+0.043 pp	+0.012 pp	+27.7%	Yes
NextEra Energy → NEE	United States	$23.3bn	0.130%	+0.059 pp	+0.011 pp	+21.8%	Yes
CMS Energy → CMS	United States	$15.8bn	0.088%	+0.039 pp	+0.010 pp	+21.3%	Yes
Sempra → SRE	United States	$17.5bn	0.098%	+0.045 pp	+0.010 pp	+18.1%	Yes
DTE Energy → DTE	United States	$19.6bn	0.109%	+0.049 pp	+0.009 pp	+23.2%	Yes
NiSource → NI	United States	$10.3bn	0.058%	+0.025 pp	+0.007 pp	+17.3%	Yes
Pinnacle West Capital → PNW	United States	$10.7bn	0.060%	+0.027 pp	+0.004 pp	+22.4%	Yes
Consolidated Edison → ED	United States	$27.7bn	0.154%	+0.074 pp	+0.001 pp	+11.6%	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.