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 Technology19.1%+9.77 pp Financials16.2%+6.99 pp Health Care16.6%+6.66 pp Industrials13.4%+5.77 pp Consumer Staples8.8%+3.81 pp Communication Services5.2%+3.23 pp Utilities3.9%+1.91 pp Materials3.1%+1.72 pp Real Estate3.6%+1.56 pp Energy3.2%+0.74 pp Consumer Discretionary6.9%-42.15 pp

2 · Industry

Inside Information Technology

Systems Software6.56%+3.86 pp Semiconductors3.36%+1.68 pp Application Software3.25%+1.49 pp Technology Hardware, Storage & Peripherals2.12%+1.16 pp IT Consulting & Other Services1.48%+0.60 pp Communications Equipment1.15%+0.35 pp Electronic Equipment & Instruments0.35%+0.20 pp Semiconductor Materials & Equipment0.30%+0.16 pp Internet Services & Infrastructure0.19%+0.09 pp Technology Distributors0.09%+0.09 pp Electronic Manufacturing Services0.15%+0.06 pp Electronic Components0.12%+0.02 pp

3 · Sub-industry

Inside Application Software

Application Software3.25%+1.488 pp

Concentrated

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

View all contributions →

Application Software · weight

3.25%

Industry change · 12M

+1.49 pp

Application Software · contribution

+1.488 pp

Company participation

86%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Jan 2020 · 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
Adobe Inc. → ADBE	United States	$169.3bn	0.835%	+0.134 pp	+0.437 pp	+41.7%	Yes
Salesforce → CRM	United States	$161.7bn	0.798%	+0.082 pp	+0.414 pp	+20.0%	Yes
Oracle Corporation → ORCL	United States	$168.2bn	0.830%	-0.104 pp	+0.235 pp	+6.3%	No
Intuit → INTU	United States	$73.0bn	0.360%	+0.011 pp	+0.175 pp	+30.9%	Yes
Autodesk → ADSK	United States	$43.3bn	0.214%	+0.045 pp	+0.107 pp	+33.7%	Yes
Synopsys → SNPS	United States	$22.2bn	0.110%	+0.003 pp	+0.064 pp	+58.0%	Yes
Cadence Design Systems → CDNS	United States	$20.2bn	0.100%	+0.004 pp	+0.055 pp	+50.1%	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.