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›Utilities›Multi-Utilities›Multi-Utilities

1 · Sector

Weight and 12M allocation change

Health Care17.4%+1.93 pp Energy3.5%+1.25 pp Information Technology27.4%+1.16 pp Consumer Staples8.2%+1.08 pp Real Estate3.5%+0.45 pp Utilities3.5%+0.28 pp Materials3.4%+0.03 pp Consumer Discretionary6.9%-0.64 pp Communication Services3.6%-1.08 pp Financials12.4%-2.12 pp Industrials10.2%-2.35 pp

2 · Industry

Inside Utilities

Electric Utilities1.77%+0.25 pp Multi-Utilities1.49%+0.05 pp Independent Power Producers & Energy Traders0.08%-0.02 pp Gas Utilities0.06%+0.01 pp Water Utilities0.10%-0.00 pp

3 · Sub-industry

Inside Multi-Utilities

Multi-Utilities1.49%+0.046 pp

Broad

The gain is shared across much of the industry.

View all contributions →

Multi-Utilities · weight

1.49%

Industry change · 12M

+0.05 pp

Multi-Utilities · contribution

+0.046 pp

Company participation

91%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Apr 2022 · 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
NextEra Energy → NEE	United States	$139.5bn	0.504%	-0.011 pp	-0.047 pp	-6.5%	No
Consolidated Edison → ED	United States	$32.8bn	0.119%	+0.016 pp	+0.023 pp	+24.6%	Yes
CenterPoint Energy → CNP	United States	$19.3bn	0.070%	+0.010 pp	+0.021 pp	+28.2%	Yes
Sempra → SRE	United States	$25.5bn	0.092%	+0.018 pp	+0.017 pp	+21.2%	Yes
Ameren → AEE	United States	$23.9bn	0.087%	+0.010 pp	+0.009 pp	+12.4%	Yes
DTE Energy → DTE	United States	$25.4bn	0.092%	+0.013 pp	+0.008 pp	+13.3%	Yes
Dominion Energy → D	United States	$66.2bn	0.239%	+0.020 pp	+0.006 pp	+5.7%	Yes
NiSource → NI	United States	$11.8bn	0.043%	+0.004 pp	+0.006 pp	+15.7%	Yes
Pinnacle West Capital → PNW	United States	$8.0bn	0.029%	+0.003 pp	-0.005 pp	-11.9%	Yes
Xcel Energy → XEL	United States	$39.9bn	0.144%	+0.018 pp	+0.005 pp	+5.6%	Yes
CMS Energy → CMS	United States	$19.9bn	0.072%	+0.009 pp	+0.004 pp	+9.7%	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.