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 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 Information Technology

Technology Hardware, Storage & Peripherals9.08%+7.18 pp Systems Software7.41%+1.62 pp Application Software3.82%+0.75 pp Communications Equipment0.89%-0.36 pp Electronic Equipment & Instruments0.40%+0.12 pp IT Consulting & Other Services1.34%-0.12 pp Semiconductor Materials & Equipment0.36%+0.07 pp Semiconductors3.33%+0.07 pp Internet Services & Infrastructure0.18%-0.01 pp Technology Distributors0.08%-0.01 pp Electronic Manufacturing Services0.15%-0.01 pp Electronic Components0.14%-0.00 pp

3 · Sub-industry

Inside Application Software

Application Software3.82%+0.751 pp

Concentrated

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

View all contributions →

Application Software · weight

3.82%

Industry change · 12M

+0.75 pp

Application Software · contribution

+0.751 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
Adobe Inc. → ADBE	United States	$214.5bn	1.015%	+1.014 pp	+0.314 pp	+60.9%	Yes
Salesforce → CRM	United States	$211.4bn	1.001%	+1.000 pp	+0.285 pp	+48.4%	Yes
Oracle Corporation → ORCL	United States	$168.7bn	0.799%	+0.798 pp	-0.135 pp	+4.8%	Yes
Autodesk → ADSK	United States	$51.6bn	0.245%	+0.244 pp	+0.076 pp	+59.8%	Yes
Tyler Technologies → TYL	United States	$15.5bn	0.073%	+0.073 pp	+0.073 pp	+43.1%	Yes
Cadence Design Systems → CDNS	United States	$30.5bn	0.144%	+0.144 pp	+0.049 pp	+67.4%	Yes
Synopsys → SNPS	United States	$32.5bn	0.154%	+0.154 pp	+0.047 pp	+57.5%	Yes
Intuit → INTU	United States	$82.4bn	0.390%	+0.390 pp	+0.041 pp	+23.1%	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.