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 Technology26.9%+26.90 pp Health Care15.8%+15.74 pp Industrials12.3%+12.31 pp Consumer Discretionary7.4%+7.35 pp Consumer Staples7.1%+7.09 pp Communication Services4.5%+4.49 pp Materials3.3%+3.27 pp Real Estate3.1%+3.13 pp Utilities3.0%+2.97 pp Energy2.4%+2.40 pp Financials14.3%-85.64 pp

2 · Industry

Inside Information Technology

Technology Hardware, Storage & Peripherals8.46%+8.46 pp Systems Software7.36%+7.35 pp Application Software3.73%+3.73 pp Semiconductors3.52%+3.51 pp IT Consulting & Other Services1.31%+1.31 pp Communications Equipment0.96%+0.96 pp Semiconductor Materials & Equipment0.59%+0.59 pp Electronic Equipment & Instruments0.43%+0.43 pp Electronic Components0.16%+0.16 pp Electronic Manufacturing Services0.16%+0.16 pp Internet Services & Infrastructure0.16%+0.16 pp Technology Distributors0.09%+0.09 pp

3 · Sub-industry

Inside Application Software

Application Software3.73%+3.725 pp

Broad

The gain is shared across much of the industry.

View all contributions →

Application Software · weight

3.73%

Industry change · 12M

+3.73 pp

Application Software · contribution

+3.725 pp

Company participation

100%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Jun 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	$279.0bn	0.985%	+0.541 pp	+0.984 pp	+34.5%	Yes
Salesforce → CRM	United States	$226.2bn	0.799%	+0.417 pp	+0.798 pp	+30.4%	Yes
Oracle Corporation → ORCL	United States	$217.3bn	0.767%	+0.372 pp	+0.766 pp	+43.2%	Yes
Intuit → INTU	United States	$133.9bn	0.473%	+0.268 pp	+0.472 pp	+66.6%	Yes
Autodesk → ADSK	United States	$64.2bn	0.227%	+0.108 pp	+0.226 pp	+22.0%	Yes
Synopsys → SNPS	United States	$42.1bn	0.149%	+0.075 pp	+0.148 pp	+41.4%	Yes
Cadence Design Systems → CDNS	United States	$38.2bn	0.135%	+0.060 pp	+0.135 pp	+42.6%	Yes
Trimble Inc. → TRMB	United States	$20.5bn	0.073%	+0.034 pp	+0.073 pp	+89.5%	Yes
Tyler Technologies → TYL	United States	$18.4bn	0.065%	+0.031 pp	+0.065 pp	+30.4%	Yes
PTC Inc. → PTC	United States	$16.5bn	0.058%	+0.058 pp	+0.058 pp	+81.6%	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.