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 Discretionary11.3%+4.18 pp Energy3.7%+0.58 pp Industrials10.3%+0.07 pp Utilities3.2%+0.05 pp Materials3.2%+0.02 pp Real Estate3.2%+0.00 pp Health Care16.6%-0.02 pp Consumer Staples7.5%-0.07 pp Communication Services3.3%-0.59 pp Financials12.6%-0.72 pp Information Technology25.1%-3.51 pp

2 · Industry

Inside Utilities

Multi-Utilities1.46%+0.04 pp Electric Utilities1.55%+0.01 pp Water Utilities0.09%-0.01 pp Gas Utilities0.06%+0.01 pp Independent Power Producers & Energy Traders0.08%+0.00 pp

3 · Sub-industry

Inside Multi-Utilities

Multi-Utilities1.46%+0.042 pp

Concentrated

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

View all contributions →

Multi-Utilities · weight

1.46%

Industry change · 12M

+0.04 pp

Multi-Utilities · contribution

+0.042 pp

Company participation

25%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Feb 2023 · 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	$38.5bn	0.135%	+0.004 pp	+0.135 pp	+37.4%	Yes
Dominion Energy → D	United States	$46.5bn	0.163%	-0.010 pp	-0.060 pp	-27.5%	No
NextEra Energy → NEE	United States	$141.2bn	0.496%	-0.075 pp	-0.037 pp	-7.2%	No
Consolidated Edison → ED	United States	$31.7bn	0.112%	-0.007 pp	+0.006 pp	+7.8%	No
Sempra → SRE	United States	$23.6bn	0.083%	-0.006 pp	+0.004 pp	+7.1%	No
CMS Energy → CMS	United States	$17.2bn	0.060%	+0.000 pp	-0.004 pp	-5.1%	No
DTE Energy → DTE	United States	$22.6bn	0.079%	+0.003 pp	-0.002 pp	-7.1%	No
Xcel Energy → XEL	United States	$35.5bn	0.125%	-0.006 pp	-0.002 pp	-1.4%	No
CenterPoint Energy → CNP	United States	$17.5bn	0.062%	-0.005 pp	+0.002 pp	+4.2%	No
Pinnacle West Capital → PNW	United States	$8.3bn	0.029%	-0.001 pp	+0.002 pp	+9.1%	Yes
NiSource → NI	United States	$11.3bn	0.040%	+0.001 pp	-0.001 pp	-1.9%	Yes
Ameren → AEE	United States	$21.7bn	0.076%	-0.002 pp	-0.001 pp	-1.2%	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.