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

Information Technology17.9%+7.83 pp Financials16.1%+6.61 pp Health Care16.1%+6.02 pp Industrials13.5%+5.47 pp Consumer Staples9.2%+4.37 pp Communication Services5.3%+3.38 pp Materials3.3%+2.18 pp Utilities4.0%+2.09 pp Real Estate3.9%+2.04 pp Energy3.6%+0.96 pp Consumer Discretionary7.1%-40.93 pp

2 · Industry

Inside Information Technology

Systems Software5.73%+2.89 pp Semiconductors3.19%+1.32 pp Application Software3.11%+1.30 pp IT Consulting & Other Services1.55%+0.60 pp Technology Hardware, Storage & Peripherals1.81%+0.58 pp Communications Equipment1.31%+0.50 pp Electronic Equipment & Instruments0.29%+0.20 pp Semiconductor Materials & Equipment0.28%+0.14 pp Internet Services & Infrastructure0.20%+0.10 pp Technology Distributors0.09%+0.09 pp Electronic Manufacturing Services0.17%+0.07 pp Electronic Components0.14%+0.03 pp

3 · Sub-industry

Inside Application Software

Application Software3.11%+1.301 pp

Concentrated

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

View all contributions →

Application Software · weight

3.11%

Industry change · 12M

+1.30 pp

Application Software · contribution

+1.301 pp

Company participation

29%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Sep 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	$181.0bn	0.961%	-0.063 pp	+0.339 pp	+8.5%	No
Salesforce → CRM	United States	$130.2bn	0.691%	+0.057 pp	+0.308 pp	-6.7%	Yes
Adobe Inc. → ADBE	United States	$133.7bn	0.710%	-0.061 pp	+0.290 pp	+2.3%	No
Intuit → INTU	United States	$69.2bn	0.367%	+0.002 pp	+0.180 pp	+17.9%	No
Autodesk → ADSK	United States	$32.4bn	0.172%	-0.021 pp	+0.064 pp	-5.4%	No
Synopsys → SNPS	United States	$20.6bn	0.110%	+0.006 pp	+0.063 pp	+39.2%	Yes
Cadence Design Systems → CDNS	United States	$18.5bn	0.098%	-0.009 pp	+0.057 pp	+45.8%	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.