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%+8.09 pp Financials16.2%+6.66 pp Health Care16.5%+6.53 pp Industrials13.4%+5.79 pp Consumer Staples9.0%+3.80 pp Communication Services5.3%+3.36 pp Materials3.2%+2.13 pp Real Estate3.8%+1.85 pp Utilities3.9%+1.83 pp Energy3.5%+1.02 pp Consumer Discretionary7.1%-41.06 pp

2 · Industry

Inside Information Technology

Systems Software5.79%+2.96 pp Semiconductors3.26%+1.48 pp Application Software3.07%+1.32 pp Technology Hardware, Storage & Peripherals1.90%+0.66 pp IT Consulting & Other Services1.45%+0.59 pp Communications Equipment1.25%+0.43 pp Electronic Equipment & Instruments0.28%+0.18 pp Semiconductor Materials & Equipment0.30%+0.17 pp Technology Distributors0.10%+0.10 pp Internet Services & Infrastructure0.19%+0.09 pp Electronic Manufacturing Services0.16%+0.07 pp Electronic Components0.14%+0.04 pp

3 · Sub-industry

Inside Application Software

Application Software3.07%+1.316 pp

Concentrated

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

View all contributions →

Application Software · weight

3.07%

Industry change · 12M

+1.32 pp

Application Software · contribution

+1.316 pp

Company participation

14%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Oct 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
Salesforce → CRM	United States	$137.2bn	0.715%	+0.077 pp	+0.363 pp	+14.0%	Yes
Oracle Corporation → ORCL	United States	$179.2bn	0.934%	-0.065 pp	+0.307 pp	+13.5%	No
Adobe Inc. → ADBE	United States	$134.5bn	0.701%	-0.071 pp	+0.295 pp	+13.1%	No
Intuit → INTU	United States	$67.0bn	0.349%	-0.034 pp	+0.164 pp	+23.0%	No
Autodesk → ADSK	United States	$32.4bn	0.169%	-0.014 pp	+0.073 pp	+14.0%	No
Synopsys → SNPS	United States	$20.4bn	0.106%	+0.000 pp	+0.061 pp	+51.6%	No
Cadence Design Systems → CDNS	United States	$18.3bn	0.096%	-0.015 pp	+0.053 pp	+46.6%	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.