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

Communication Services4.9%+1.57 pp Materials2.8%+0.74 pp Utilities3.7%+0.31 pp Information Technology17.7%+0.29 pp Real Estate3.7%+0.14 pp Consumer Staples8.8%+0.03 pp Health Care16.9%-0.00 pp Consumer Discretionary7.0%-0.03 pp Industrials14.5%-0.19 pp Energy3.9%-1.21 pp Financials16.1%-1.65 pp

2 · Industry

Inside Consumer Discretionary

Restaurants1.67%+0.28 pp Home Improvement Retail1.66%-0.18 pp Apparel Retail0.54%+0.17 pp Automobile Manufacturers0.50%-0.09 pp Hotels, Resorts & Cruise Lines0.75%-0.07 pp Apparel, Accessories & Luxury Goods0.44%-0.06 pp Casinos & Gaming0.15%-0.05 pp Automotive Retail0.16%+0.04 pp Automotive Parts & Equipment0.11%-0.03 pp Broadline Retail0.44%-0.03 pp Other Specialty Retail0.12%+0.03 pp Computer & Electronics Retail0.10%-0.03 pp Consumer Electronics0.09%+0.01 pp Homebuilding0.13%-0.01 pp Leisure Products0.07%+0.00 pp Distributors0.08%-0.00 pp Footwear0.00%+0.00 pp Homefurnishing Retail0.00%+0.00 pp

3 · Sub-industry

Inside Restaurants

Restaurants1.67%+0.277 pp

Concentrated

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

View all contributions →

Restaurants · weight

1.67%

Industry change · 12M

+0.28 pp

Restaurants · contribution

+0.277 pp

Company participation

100%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Jun 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
Starbucks → SBUX	United States	$101.5bn	0.547%	+0.016 pp	+0.138 pp	+75.4%	Yes
McDonald's → MCD	United States	$158.6bn	0.855%	+0.020 pp	+0.108 pp	+35.8%	Yes
Yum! Brands → YUM	United States	$33.9bn	0.183%	+0.007 pp	+0.029 pp	+43.9%	Yes
Chipotle Mexican Grill → CMG	United States	$0.4bn	0.002%	-0.000 pp	+0.001 pp	+69.9%	Yes
Darden Restaurants → DRI	United States	$15.0bn	0.081%	-0.005 pp	+0.000 pp	+16.8%	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.