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 Technology21.1%+2.55 pp Health Care19.3%+2.41 pp Communication Services5.2%+1.68 pp Materials3.1%+0.58 pp Consumer Staples9.2%+0.20 pp Real Estate3.6%-0.03 pp Utilities3.7%-0.06 pp Consumer Discretionary6.5%-0.72 pp Energy2.5%-1.60 pp Industrials11.5%-2.34 pp Financials14.1%-2.68 pp

2 · Industry

Inside Information Technology

Systems Software7.77%+2.09 pp Communications Equipment1.20%-0.37 pp Technology Hardware, Storage & Peripherals2.18%+0.33 pp Semiconductors3.62%+0.26 pp Application Software3.58%+0.24 pp IT Consulting & Other Services1.49%-0.13 pp Technology Distributors0.09%+0.09 pp Electronic Equipment & Instruments0.37%+0.07 pp Electronic Components0.11%-0.05 pp Electronic Manufacturing Services0.14%-0.04 pp Semiconductor Materials & Equipment0.29%+0.03 pp Internet Services & Infrastructure0.22%+0.02 pp

3 · Sub-industry

Inside Application Software

Application Software3.58%+0.241 pp

Concentrated

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

View all contributions →

Application Software · weight

3.58%

Industry change · 12M

+0.24 pp

Application Software · contribution

+0.241 pp

Company participation

100%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Apr 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	$170.4bn	0.954%	+0.118 pp	+0.167 pp	+22.3%	Yes
Oracle Corporation → ORCL	United States	$167.0bn	0.935%	+0.105 pp	-0.119 pp	-2.6%	Yes
Salesforce → CRM	United States	$144.9bn	0.811%	+0.013 pp	+0.101 pp	-2.1%	Yes
Synopsys → SNPS	United States	$23.6bn	0.132%	+0.023 pp	+0.031 pp	+29.8%	Yes
Intuit → INTU	United States	$70.3bn	0.393%	+0.033 pp	+0.031 pp	+8.3%	Yes
Cadence Design Systems → CDNS	United States	$22.7bn	0.127%	+0.027 pp	+0.018 pp	+16.9%	Yes
Autodesk → ADSK	United States	$41.1bn	0.230%	+0.016 pp	+0.012 pp	+5.0%	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.