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 Services5.2%+1.94 pp Materials2.8%+0.73 pp Information Technology17.9%+0.59 pp Utilities3.7%+0.30 pp Real Estate3.7%+0.26 pp Consumer Discretionary7.1%+0.24 pp Consumer Staples8.9%+0.13 pp Industrials14.4%-0.54 pp Health Care16.3%-0.95 pp Energy3.8%-1.22 pp Financials16.3%-1.49 pp

2 · Industry

Inside Information Technology

Systems Software5.64%+0.82 pp Technology Hardware, Storage & Peripherals1.76%-0.26 pp Semiconductors3.17%-0.22 pp Application Software3.19%+0.18 pp Communications Equipment1.46%+0.13 pp Electronic Equipment & Instruments0.29%+0.11 pp IT Consulting & Other Services1.59%-0.10 pp Semiconductor Materials & Equipment0.27%-0.04 pp Internet Services & Infrastructure0.21%+0.03 pp Electronic Components0.15%-0.03 pp Electronic Manufacturing Services0.17%-0.02 pp Technology Distributors0.00%+0.00 pp

3 · Sub-industry

Inside Application Software

Application Software3.19%+0.177 pp

Concentrated

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

View all contributions →

Application Software · weight

3.19%

Industry change · 12M

+0.18 pp

Application Software · contribution

+0.177 pp

Company participation

57%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Jul 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	$187.8bn	0.999%	-0.054 pp	-0.108 pp	+20.0%	No
Intuit → INTU	United States	$71.9bn	0.383%	+0.020 pp	+0.077 pp	+36.9%	Yes
Adobe Inc. → ADBE	United States	$145.1bn	0.772%	-0.014 pp	+0.073 pp	+22.1%	Yes
Salesforce → CRM	United States	$119.9bn	0.638%	-0.072 pp	+0.051 pp	+12.7%	No
Cadence Design Systems → CDNS	United States	$20.7bn	0.110%	+0.002 pp	+0.037 pp	+67.6%	Yes
Synopsys → SNPS	United States	$19.9bn	0.106%	+0.005 pp	+0.028 pp	+48.5%	Yes
Autodesk → ADSK	United States	$34.3bn	0.183%	-0.035 pp	+0.018 pp	+21.6%	No

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.