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

Communication Services5.0%+1.82 pp Consumer Staples9.1%+0.76 pp Materials2.8%+0.64 pp Utilities3.9%+0.57 pp Health Care17.2%+0.54 pp Real Estate3.9%+0.51 pp Consumer Discretionary7.0%-0.07 pp Information Technology17.6%-0.07 pp Energy3.9%-1.29 pp Financials16.3%-1.64 pp Industrials13.4%-1.77 pp

2 · Industry

Inside Information Technology

Systems Software5.60%+0.92 pp Semiconductors2.97%-0.68 pp Technology Hardware, Storage & Peripherals1.64%-0.44 pp IT Consulting & Other Services1.57%-0.12 pp Application Software3.24%+0.12 pp Electronic Equipment & Instruments0.29%+0.12 pp Communications Equipment1.49%+0.11 pp Semiconductor Materials & Equipment0.24%-0.11 pp Internet Services & Infrastructure0.21%+0.05 pp Electronic Manufacturing Services0.17%-0.03 pp Electronic Components0.15%-0.01 pp Technology Distributors0.00%+0.00 pp

3 · Sub-industry

Inside Application Software

Application Software3.24%+0.123 pp

Concentrated

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

View all contributions →

Application Software · weight

3.24%

Industry change · 12M

+0.12 pp

Application Software · contribution

+0.123 pp

Company participation

100%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

May 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
Oracle Corporation → ORCL	United States	$172.9bn	1.007%	-0.077 pp	-0.150 pp	+10.1%	Yes
Salesforce → CRM	United States	$116.7bn	0.680%	-0.046 pp	+0.104 pp	+17.1%	Yes
Intuit → INTU	United States	$63.5bn	0.370%	-0.001 pp	+0.056 pp	+22.4%	Yes
Autodesk → ADSK	United States	$35.3bn	0.206%	-0.001 pp	+0.035 pp	+24.6%	Yes
Cadence Design Systems → CDNS	United States	$17.9bn	0.104%	+0.011 pp	+0.031 pp	+49.8%	Yes
Adobe Inc. → ADBE	United States	$132.2bn	0.770%	+0.028 pp	+0.025 pp	+8.7%	Yes
Synopsys → SNPS	United States	$17.5bn	0.102%	+0.013 pp	+0.022 pp	+32.2%	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.