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 Technology26.2%+5.17 pp Consumer Discretionary7.6%+1.03 pp Industrials12.5%+0.98 pp Financials14.5%+0.40 pp Materials3.4%+0.25 pp Energy2.2%-0.33 pp Utilities3.2%-0.52 pp Real Estate3.1%-0.54 pp Communication Services4.6%-0.59 pp Consumer Staples7.1%-2.07 pp Health Care15.5%-3.78 pp

2 · Industry

Inside Information Technology

Technology Hardware, Storage & Peripherals8.38%+6.20 pp Systems Software7.03%-0.75 pp Semiconductor Materials & Equipment0.57%+0.28 pp Communications Equipment0.94%-0.25 pp IT Consulting & Other Services1.33%-0.17 pp Semiconductors3.46%-0.16 pp Internet Services & Infrastructure0.15%-0.07 pp Electronic Components0.17%+0.06 pp Electronic Equipment & Instruments0.42%+0.05 pp Application Software3.54%-0.04 pp Electronic Manufacturing Services0.16%+0.02 pp Technology Distributors0.09%+0.00 pp

3 · Sub-industry

Inside Application Software

Application Software3.54%-0.037 pp

Concentrated

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

View all contributions →

Application Software · weight

3.54%

Industry change · 12M

-0.04 pp

Application Software · contribution

-0.037 pp

Company participation

100%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Apr 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
Oracle Corporation → ORCL	United States	$218.5bn	0.792%	+0.366 pp	-0.143 pp	+45.4%	Yes
Trimble Inc. → TRMB	United States	$20.6bn	0.075%	+0.035 pp	+0.075 pp	+136.8%	Yes
Adobe Inc. → ADBE	United States	$243.0bn	0.881%	+0.355 pp	-0.073 pp	+43.7%	Yes
Tyler Technologies → TYL	United States	$17.2bn	0.062%	+0.022 pp	+0.062 pp	+32.5%	Yes
PTC Inc. → PTC	United States	$15.3bn	0.055%	+0.055 pp	+0.055 pp	+89.1%	Yes
Salesforce → CRM	United States	$212.1bn	0.769%	+0.274 pp	-0.042 pp	+42.2%	Yes
Intuit → INTU	United States	$112.9bn	0.409%	+0.182 pp	+0.016 pp	+53.8%	Yes
Cadence Design Systems → CDNS	United States	$36.7bn	0.133%	+0.046 pp	+0.006 pp	+62.4%	Yes
Synopsys → SNPS	United States	$37.6bn	0.136%	+0.043 pp	+0.004 pp	+57.2%	Yes
Autodesk → ADSK	United States	$64.1bn	0.232%	+0.086 pp	+0.002 pp	+56.0%	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.