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

Financials14.2%+1.72 pp Information Technology28.5%+1.35 pp Consumer Discretionary7.8%+0.98 pp Energy2.5%+0.82 pp Materials3.2%+0.05 pp Real Estate3.2%+0.01 pp Health Care16.5%-0.40 pp Utilities3.0%-0.41 pp Communication Services3.9%-1.00 pp Consumer Staples7.0%-1.51 pp Industrials10.2%-1.61 pp

2 · Industry

Inside Consumer Discretionary

Automobile Manufacturers1.72%+1.35 pp Restaurants1.28%-0.22 pp Hotels, Resorts & Cruise Lines0.50%+0.10 pp Home Improvement Retail1.85%-0.07 pp Broadline Retail0.45%-0.07 pp Casinos & Gaming0.21%-0.05 pp Computer & Electronics Retail0.10%-0.04 pp Apparel Retail0.40%-0.03 pp Automotive Parts & Equipment0.16%+0.03 pp Homebuilding0.21%-0.03 pp Other Specialty Retail0.08%+0.01 pp Leisure Products0.04%-0.01 pp Consumer Electronics0.09%-0.00 pp Apparel, Accessories & Luxury Goods0.51%-0.00 pp Distributors0.06%+0.00 pp Automotive Retail0.13%+0.00 pp Footwear0.00%+0.00 pp Homefurnishing Retail0.00%+0.00 pp

3 · Sub-industry

Inside Restaurants

Restaurants1.28%-0.216 pp

Concentrated

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

View all contributions →

Restaurants · weight

1.28%

Industry change · 12M

-0.22 pp

Restaurants · contribution

-0.216 pp

Company participation

17%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Oct 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
McDonald's → MCD	United States	$183.4bn	0.613%	-0.008 pp	-0.138 pp	+18.0%	No
Starbucks → SBUX	United States	$125.1bn	0.418%	-0.073 pp	-0.064 pp	+24.0%	No
Domino's → DPZ	United States	$17.8bn	0.059%	-0.007 pp	-0.011 pp	+30.4%	No
Yum! Brands → YUM	United States	$36.9bn	0.123%	-0.011 pp	-0.010 pp	+36.2%	No
Darden Restaurants → DRI	United States	$18.7bn	0.062%	-0.003 pp	+0.006 pp	+60.5%	No
Chipotle Mexican Grill → CMG	United States	$1.0bn	0.003%	-0.000 pp	+0.000 pp	+48.1%	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.