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 Discretionary11.4%+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 Utilities

Electric Utilities1.58%-0.08 pp Water Utilities0.09%-0.01 pp Multi-Utilities1.49%-0.01 pp Independent Power Producers & Energy Traders0.08%-0.01 pp Gas Utilities0.05%+0.00 pp

3 · Sub-industry

Inside Multi-Utilities

Multi-Utilities1.49%-0.009 pp

Concentrated

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

View all contributions →

Multi-Utilities · weight

1.49%

Industry change · 12M

-0.01 pp

Multi-Utilities · contribution

-0.009 pp

Company participation

33%

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
PG&E Corporation → PCG	United States	$39.9bn	0.136%	-0.009 pp	+0.136 pp	+35.4%	Yes
Dominion Energy → D	United States	$46.7bn	0.159%	-0.025 pp	-0.072 pp	-31.6%	No
NextEra Energy → NEE	United States	$153.2bn	0.523%	-0.077 pp	-0.037 pp	-7.0%	No
DTE Energy → DTE	United States	$22.5bn	0.077%	-0.005 pp	-0.009 pp	-14.5%	No
Sempra → SRE	United States	$23.8bn	0.081%	-0.007 pp	-0.008 pp	-7.3%	No
CMS Energy → CMS	United States	$17.9bn	0.061%	-0.005 pp	-0.007 pp	-9.6%	No
Xcel Energy → XEL	United States	$37.1bn	0.127%	-0.012 pp	-0.006 pp	-3.9%	No
Ameren → AEE	United States	$22.6bn	0.077%	-0.006 pp	-0.004 pp	-5.3%	No
NiSource → NI	United States	$11.5bn	0.039%	-0.001 pp	-0.004 pp	-9.0%	Yes
Consolidated Edison → ED	United States	$34.0bn	0.116%	-0.006 pp	+0.003 pp	+4.5%	Yes
CenterPoint Energy → CNP	United States	$18.6bn	0.063%	-0.005 pp	-0.002 pp	-1.6%	No
Pinnacle West Capital → PNW	United States	$9.0bn	0.031%	-0.000 pp	+0.001 pp	+6.4%	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.