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›Communications Equipment›Communications Equipment

1 · Sector

Weight and 12M allocation change

Consumer Discretionary11.6%+3.82 ppEnergy4.1%+1.64 ppHealth Care17.5%+1.01 ppConsumer Staples7.7%+0.70 ppUtilities3.4%+0.36 ppReal Estate3.1%-0.10 ppMaterials2.9%-0.29 ppIndustrials9.8%-0.41 ppCommunication Services3.3%-0.64 ppFinancials12.1%-2.06 ppInformation Technology24.5%-4.05 pp

2 · Industry

Inside Information Technology

Systems Software6.41%-2.09 ppApplication Software2.90%-1.33 ppSemiconductors2.86%-0.55 ppTechnology Hardware, Storage & Peripherals8.94%+0.38 ppSemiconductor Materials & Equipment0.35%-0.18 ppCommunications Equipment0.87%-0.11 ppIT Consulting & Other Services1.28%-0.07 ppElectronic Equipment & Instruments0.38%-0.06 ppElectronic Manufacturing Services0.14%-0.02 ppInternet Services & Infrastructure0.13%-0.01 ppElectronic Components0.14%-0.00 ppTechnology Distributors0.08%-0.00 pp

3 · Sub-industry

Inside Communications Equipment

Communications Equipment0.87%-0.105 pp
Concentrated

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

View all contributions →
Communications Equipment · weight
0.87%
Industry change · 12M
-0.11 pp
Communications Equipment · contribution
-0.105 pp
Company participation
50%
of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Oct 2022 · sorted by absolute contribution to 12-month change

CompanyCountryMarket capUniverse weight3M contribution12M contribution12M price returnAbove 6M weight average
Cisco →
CSCO
United States$186.7bn0.662%+0.017 pp-0.126 pp-16.3%No
Arista Networks →
ANET
United States$9.2bn0.033%+0.002 pp+0.026 pp+18.0%Yes
F5, Inc. →
FFIV
United States$8.5bn0.030%-0.005 pp-0.012 pp-32.3%No
Motorola Solutions →
MSI
United States$41.7bn0.148%+0.011 pp+0.007 pp+1.8%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.