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›Consumer Discretionary›Restaurants›Restaurants

1 · Sector

Weight and 12M allocation change

Information Technology27.2%+9.30 pp Health Care16.9%+0.36 pp Materials3.2%-0.04 pp Consumer Discretionary6.8%-0.33 pp Communication Services4.9%-0.41 pp Utilities3.4%-0.47 pp Consumer Staples8.5%-0.55 pp Real Estate3.2%-0.60 pp Industrials11.8%-1.61 pp Energy1.6%-1.86 pp Financials12.5%-3.80 pp

2 · Industry

Inside Consumer Discretionary

Hotels, Resorts & Cruise Lines0.40%-0.28 pp Apparel Retail0.43%-0.14 pp Broadline Retail0.52%+0.14 pp Home Improvement Retail1.92%+0.14 pp Casinos & Gaming0.26%-0.13 pp Apparel, Accessories & Luxury Goods0.52%+0.08 pp Automobile Manufacturers0.37%-0.07 pp Restaurants1.50%-0.05 pp Computer & Electronics Retail0.14%+0.04 pp Automotive Retail0.13%-0.02 pp Distributors0.06%-0.02 pp Other Specialty Retail0.07%-0.01 pp Homebuilding0.24%+0.01 pp Leisure Products0.05%-0.01 pp Automotive Parts & Equipment0.12%+0.00 pp Consumer Electronics0.09%-0.00 pp Footwear0.00%+0.00 pp Homefurnishing Retail0.00%+0.00 pp

3 · Sub-industry

Inside Restaurants

Restaurants1.50%-0.046 pp

Concentrated

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

View all contributions →

Restaurants · weight

1.50%

Industry change · 12M

-0.05 pp

Restaurants · contribution

-0.046 pp

Company participation

100%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Oct 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
Domino's → DPZ	United States	$14.9bn	0.071%	+0.070 pp	+0.071 pp	+40.5%	Yes
Starbucks → SBUX	United States	$101.7bn	0.481%	+0.481 pp	-0.046 pp	+5.0%	Yes
McDonald's → MCD	United States	$158.5bn	0.750%	+0.750 pp	-0.028 pp	+11.0%	Yes
Yum! Brands → YUM	United States	$28.1bn	0.133%	+0.133 pp	-0.028 pp	-6.5%	Yes
Darden Restaurants → DRI	United States	$12.0bn	0.057%	+0.057 pp	-0.015 pp	-17.2%	Yes
Chipotle Mexican Grill → CMG	United States	$0.7bn	0.003%	+0.003 pp	+0.001 pp	+54.4%	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.