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 Discretionary11.0%+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 Utilities

Electric Utilities1.59%-0.18 pp Multi-Utilities1.51%+0.02 pp Water Utilities0.10%-0.00 pp Independent Power Producers & Energy Traders0.08%-0.00 pp Gas Utilities0.06%-0.00 pp

3 · Sub-industry

Inside Multi-Utilities

Multi-Utilities1.51%+0.020 pp

Concentrated

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

View all contributions →

Multi-Utilities · weight

1.51%

Industry change · 12M

+0.02 pp

Multi-Utilities · contribution

+0.020 pp

Company participation

58%

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
PG&E Corporation → PCG	United States	$42.2bn	0.143%	+0.008 pp	+0.143 pp	+35.3%	Yes
Dominion Energy → D	United States	$47.7bn	0.161%	-0.020 pp	-0.078 pp	-27.2%	No
NextEra Energy → NEE	United States	$155.1bn	0.524%	+0.016 pp	+0.019 pp	+10.3%	No
Xcel Energy → XEL	United States	$38.5bn	0.130%	+0.001 pp	-0.014 pp	-1.8%	Yes
DTE Energy → DTE	United States	$23.2bn	0.078%	+0.001 pp	-0.014 pp	-11.5%	No
CMS Energy → CMS	United States	$18.2bn	0.061%	-0.001 pp	-0.011 pp	-6.6%	No
Sempra → SRE	United States	$24.5bn	0.083%	-0.004 pp	-0.009 pp	-0.7%	No
Ameren → AEE	United States	$23.3bn	0.079%	+0.002 pp	-0.008 pp	-1.6%	Yes
CenterPoint Energy → CNP	United States	$19.2bn	0.065%	+0.000 pp	-0.005 pp	+1.9%	Yes
NiSource → NI	United States	$11.7bn	0.040%	+0.001 pp	-0.003 pp	+1.3%	Yes
Pinnacle West Capital → PNW	United States	$8.9bn	0.030%	+0.001 pp	+0.001 pp	+15.5%	Yes
Consolidated Edison → ED	United States	$35.0bn	0.118%	+0.002 pp	-0.001 pp	+9.8%	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.