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

Consumer Discretionary52.2%+52.24 pp Information Technology13.5%+13.45 pp Health Care8.1%+8.05 pp Financials7.4%+7.34 pp Industrials6.6%+6.58 pp Consumer Staples3.8%+3.78 pp Communication Services2.4%+2.43 pp Materials1.7%+1.66 pp Real Estate1.5%+1.53 pp Energy1.2%+1.20 pp Utilities1.7%-98.26 pp

2 · Industry

Inside Information Technology

Technology Hardware, Storage & Peripherals4.23%+4.22 pp Systems Software3.55%+3.55 pp Semiconductors1.93%+1.92 pp Application Software1.77%+1.76 pp IT Consulting & Other Services0.68%+0.68 pp Communications Equipment0.52%+0.52 pp Semiconductor Materials & Equipment0.31%+0.31 pp Electronic Equipment & Instruments0.22%+0.22 pp Electronic Manufacturing Services0.08%+0.08 pp Internet Services & Infrastructure0.08%+0.08 pp Electronic Components0.08%+0.07 pp Technology Distributors0.05%+0.05 pp

3 · Sub-industry

Inside Application Software

Application Software1.77%+1.763 pp

Broad

The gain is shared across much of the industry.

View all contributions →

Application Software · weight

1.77%

Industry change · 12M

+1.76 pp

Application Software · contribution

+1.763 pp

Company participation

11%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Mar 2021 · 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	$227.2bn	0.444%	-0.527 pp	+0.444 pp	+49.4%	No
Oracle Corporation → ORCL	United States	$202.3bn	0.396%	-0.375 pp	+0.395 pp	+47.7%	No
Salesforce → CRM	United States	$195.1bn	0.382%	-0.443 pp	+0.381 pp	+47.2%	No
Intuit → INTU	United States	$104.9bn	0.205%	-0.199 pp	+0.205 pp	+67.8%	No
Autodesk → ADSK	United States	$60.9bn	0.119%	-0.153 pp	+0.119 pp	+77.5%	No
Cadence Design Systems → CDNS	United States	$38.2bn	0.075%	-0.079 pp	+0.075 pp	+107.4%	No
Synopsys → SNPS	United States	$37.8bn	0.074%	-0.087 pp	+0.074 pp	+92.4%	No
Trimble Inc. → TRMB	United States	$19.5bn	0.038%	+0.038 pp	+0.038 pp	+144.4%	Yes
Tyler Technologies → TYL	United States	$17.2bn	0.034%	-0.038 pp	+0.034 pp	+43.2%	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.