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›Communication Services›Integrated Telecommunication Services›Integrated Telecommunication Services

1 · Sector

Weight and 12M allocation change

Consumer Discretionary10.2%+2.34 ppEnergy4.0%+1.71 ppHealth Care18.2%+1.50 ppConsumer Staples7.9%+0.78 ppUtilities3.6%+0.55 ppIndustrials10.4%+0.39 ppMaterials3.2%-0.09 ppReal Estate3.2%-0.18 ppCommunication Services3.2%-0.49 ppFinancials12.4%-0.57 ppInformation Technology23.8%-5.95 pp

2 · Industry

Inside Communication Services

Movies & Entertainment0.68%-0.40 ppCable & Satellite0.58%-0.30 ppWireless Telecommunication Services0.63%+0.16 ppBroadcasting0.08%+0.08 ppIntegrated Telecommunication Services1.07%-0.04 ppAdvertising0.06%+0.01 ppInteractive Home Entertainment0.06%-0.00 pp

3 · Sub-industry

Inside Integrated Telecommunication Services

Integrated Telecommunication Services1.07%-0.044 pp
Concentrated

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

View all contributions →
Integrated Telecommunication Services · weight
1.07%
Industry change · 12M
-0.04 pp
Integrated Telecommunication Services · contribution
-0.044 pp
Company participation
50%
of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

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

CompanyCountryMarket capUniverse weight3M contribution12M contribution12M price returnAbove 6M weight average
Verizon →
VZ
United States$165.5bn0.597%-0.030 pp-0.092 pp-20.0%No
AT&T →
T
United States$131.2bn0.473%+0.044 pp+0.048 pp+6.5%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.