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›Industrials›Trading Companies & Distributors›Trading Companies & Distributors

1 · Sector

Weight and 12M allocation change

Consumer Discretionary11.0%+4.09 pp Energy3.5%+0.08 pp Utilities3.3%-0.16 pp Information Technology27.2%-0.18 pp Materials3.1%-0.37 pp Industrials9.8%-0.38 pp Communication Services3.1%-0.41 pp Real Estate3.1%-0.49 pp Consumer Staples7.7%-0.53 pp Health Care16.9%-0.55 pp Financials11.3%-1.10 pp

2 · Industry

Inside Industrials

Rail Transportation0.77%-0.25 pp Industrial Conglomerates0.75%-0.13 pp Aerospace & Defense2.44%+0.11 pp Industrial Machinery & Supplies & Components1.11%+0.08 pp Passenger Airlines0.18%-0.08 pp Human Resource & Employment Services0.44%-0.05 pp Construction Machinery & Heavy Transportation Equipment0.68%+0.05 pp Agricultural & Farm Machinery0.38%-0.04 pp Air Freight & Logistics0.69%-0.04 pp Diversified Support Services0.15%+0.03 pp Heavy Electrical Equipment0.02%-0.03 pp Research & Consulting Services0.19%-0.02 pp Electrical Components & Equipment0.60%-0.01 pp Construction & Engineering0.12%+0.01 pp Environmental & Facilities Services0.45%-0.01 pp Building Products0.49%+0.01 pp Trading Companies & Distributors0.14%-0.00 pp Data Processing & Outsourced Services0.06%-0.00 pp Cargo Ground Transportation0.12%-0.00 pp Passenger Ground Transportation0.00%+0.00 pp

3 · Sub-industry

Inside Trading Companies & Distributors

Trading Companies & Distributors0.14%-0.004 pp

Concentrated

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

View all contributions →

Trading Companies & Distributors · weight

0.14%

Industry change · 12M

-0.00 pp

Trading Companies & Distributors · contribution

-0.004 pp

Company participation

50%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Apr 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
Fastenal → FAST	United States	$15.4bn	0.052%	+0.002 pp	-0.006 pp	-0.0%	Yes
United Rentals → URI	United States	$24.8bn	0.084%	-0.021 pp	+0.002 pp	+14.5%	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.