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 Discretionary11.2%+3.78 ppEnergy3.9%+1.03 ppHealth Care16.9%+0.53 ppUtilities3.4%+0.25 ppIndustrials10.1%+0.16 ppReal Estate3.3%+0.09 ppMaterials3.3%+0.07 ppConsumer Staples7.4%+0.03 ppCommunication Services3.4%-0.27 ppFinancials12.7%-1.04 ppInformation Technology24.5%-4.63 pp

2 · Industry

Inside Information Technology

Technology Hardware, Storage & Peripherals8.16%-1.83 ppSystems Software6.57%-1.44 ppApplication Software3.04%-0.49 ppSemiconductors3.26%-0.45 ppIT Consulting & Other Services1.23%-0.16 ppSemiconductor Materials & Equipment0.42%-0.11 ppCommunications Equipment0.89%-0.08 ppElectronic Equipment & Instruments0.39%-0.03 ppElectronic Components0.14%-0.02 ppElectronic Manufacturing Services0.14%-0.02 ppInternet Services & Infrastructure0.13%-0.02 ppTechnology Distributors0.09%+0.00 pp

3 · Sub-industry

Inside Communications Equipment

Communications Equipment0.89%-0.077 pp
Concentrated

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

View all contributions →
Communications Equipment · weight
0.89%
Industry change · 12M
-0.08 pp
Communications Equipment · contribution
-0.077 pp
Company participation
25%
of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Jan 2023 · sorted by absolute contribution to 12-month change

CompanyCountryMarket capUniverse weight3M contribution12M contribution12M price returnAbove 6M weight average
Cisco →
CSCO
United States$199.9bn0.684%+0.022 pp-0.105 pp-9.6%Yes
Arista Networks →
ANET
United States$9.6bn0.033%+0.000 pp+0.025 pp+1.4%No
Motorola Solutions →
MSI
United States$43.0bn0.147%-0.001 pp+0.015 pp+12.4%No
F5, Inc. →
FFIV
United States$8.9bn0.031%+0.000 pp-0.012 pp-28.9%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.