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›Consumer Discretionary›Homebuilding›Homebuilding

1 · Sector

Weight and 12M allocation change

Consumer Discretionary11.4%+4.38 pp Energy3.6%+0.25 pp Consumer Staples7.5%+0.07 pp Utilities3.3%-0.11 pp Materials3.1%-0.19 pp Industrials10.0%-0.23 pp Real Estate3.1%-0.29 pp Communication Services3.2%-0.40 pp Health Care16.5%-0.47 pp Information Technology27.3%-1.33 pp Financials11.1%-1.69 pp

2 · Industry

Inside Consumer Discretionary

Broadline Retail3.69%+3.30 pp Automobile Manufacturers2.57%+0.90 pp Restaurants1.34%+0.14 pp Hotels, Resorts & Cruise Lines0.43%-0.09 pp Apparel Retail0.43%+0.09 pp Home Improvement Retail1.43%-0.06 pp Casinos & Gaming0.25%+0.06 pp Homebuilding0.22%+0.05 pp Apparel, Accessories & Luxury Goods0.39%-0.03 pp Other Specialty Retail0.11%+0.02 pp Distributors0.08%+0.02 pp Automotive Retail0.17%+0.02 pp Leisure Products0.03%-0.01 pp Consumer Electronics0.07%-0.01 pp Computer & Electronics Retail0.06%-0.01 pp Automotive Parts & Equipment0.10%-0.01 pp Footwear0.00%+0.00 pp Homefurnishing Retail0.00%+0.00 pp

3 · Sub-industry

Inside Homebuilding

Homebuilding0.22%+0.046 pp

Concentrated

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

View all contributions →

Homebuilding · weight

0.22%

Industry change · 12M

+0.05 pp

Homebuilding · contribution

+0.046 pp

Company participation

100%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Mar 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
D. R. Horton → DHI	United States	$33.5bn	0.114%	+0.004 pp	+0.026 pp	+32.6%	Yes
NVR, Inc. → NVR	United States	$18.1bn	0.062%	+0.009 pp	+0.011 pp	+24.7%	Yes
PulteGroup → PHM	United States	$13.1bn	0.045%	+0.007 pp	+0.010 pp	+41.0%	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.