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›Restaurants›Restaurants

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 Restaurants

Restaurants1.34%+0.144 pp

Concentrated

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

View all contributions →

Restaurants · weight

1.34%

Industry change · 12M

+0.14 pp

Restaurants · contribution

+0.144 pp

Company participation

83%

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
McDonald's → MCD	United States	$204.5bn	0.698%	+0.001 pp	+0.079 pp	+15.6%	Yes
Starbucks → SBUX	United States	$119.7bn	0.408%	-0.003 pp	+0.056 pp	+17.2%	Yes
Yum! Brands → YUM	United States	$37.0bn	0.126%	-0.004 pp	+0.011 pp	+13.6%	Yes
Domino's → DPZ	United States	$11.7bn	0.040%	-0.004 pp	-0.010 pp	-17.9%	No
Darden Restaurants → DRI	United States	$18.9bn	0.064%	+0.003 pp	+0.007 pp	+21.0%	Yes
Chipotle Mexican Grill → CMG	United States	$0.9bn	0.003%	+0.000 pp	+0.000 pp	+8.0%	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.