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

Consumer Discretionary10.2%+2.34 pp Energy4.0%+1.71 pp Health Care18.2%+1.50 pp Consumer Staples7.9%+0.78 pp Utilities3.6%+0.55 pp Industrials10.4%+0.39 pp Materials3.2%-0.09 pp Real Estate3.2%-0.18 pp Communication Services3.2%-0.49 pp Financials12.4%-0.57 pp Information Technology23.8%-5.95 pp

2 · Industry

Inside Utilities

Electric Utilities1.72%+0.28 pp Multi-Utilities1.65%+0.25 pp Gas Utilities0.06%+0.01 pp Independent Power Producers & Energy Traders0.10%+0.01 pp Water Utilities0.10%-0.01 pp

3 · Sub-industry

Inside Multi-Utilities

Multi-Utilities1.65%+0.251 pp

Concentrated

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

View all contributions →

Multi-Utilities · weight

1.65%

Industry change · 12M

+0.25 pp

Multi-Utilities · contribution

+0.251 pp

Company participation

67%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Dec 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
PG&E Corporation → PCG	United States	$40.1bn	0.145%	+0.145 pp	+0.145 pp	+33.9%	Yes
Consolidated Edison → ED	United States	$33.8bn	0.122%	+0.003 pp	+0.025 pp	+15.7%	Yes
Xcel Energy → XEL	United States	$38.4bn	0.138%	+0.001 pp	+0.022 pp	+6.4%	Yes
Sempra → SRE	United States	$24.3bn	0.088%	-0.005 pp	+0.020 pp	+20.3%	No
Dominion Energy → D	United States	$51.1bn	0.184%	-0.042 pp	-0.019 pp	-19.1%	No
NextEra Energy → NEE	United States	$166.1bn	0.599%	-0.006 pp	+0.013 pp	-8.5%	Yes
CenterPoint Energy → CNP	United States	$18.9bn	0.068%	-0.002 pp	+0.012 pp	+10.0%	Yes
Ameren → AEE	United States	$23.0bn	0.083%	+0.001 pp	+0.009 pp	+2.5%	Yes
DTE Energy → DTE	United States	$22.8bn	0.082%	-0.005 pp	+0.008 pp	+1.2%	No
CMS Energy → CMS	United States	$18.4bn	0.066%	-0.000 pp	+0.006 pp	+0.2%	Yes
Pinnacle West Capital → PNW	United States	$8.6bn	0.031%	+0.002 pp	+0.006 pp	+13.0%	Yes
NiSource → NI	United States	$11.1bn	0.040%	-0.000 pp	+0.005 pp	+2.7%	No

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.