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›Information Technology›Technology Hardware, Storage & Peripherals›Technology Hardware, Storage & Peripherals

1 · Sector

Weight and 12M allocation change

Materials29.6%+26.14 pp Consumer Discretionary8.5%+1.82 pp Real Estate2.1%-1.21 pp Utilities2.3%-1.33 pp Energy2.3%-1.64 pp Communication Services2.1%-1.72 pp Consumer Staples5.3%-2.38 pp Industrials6.9%-3.12 pp Financials7.8%-5.05 pp Health Care11.8%-5.74 pp Information Technology21.2%-5.77 pp

2 · Industry

Inside Information Technology

Technology Hardware, Storage & Peripherals7.09%-1.98 pp Systems Software6.25%-1.23 pp Semiconductors2.67%-1.07 pp IT Consulting & Other Services0.92%-0.44 pp Application Software2.61%-0.43 pp Communications Equipment0.67%-0.20 pp Electronic Equipment & Instruments0.27%-0.13 pp Semiconductor Materials & Equipment0.35%-0.13 pp Electronic Manufacturing Services0.10%-0.05 pp Electronic Components0.09%-0.05 pp Internet Services & Infrastructure0.09%-0.04 pp Technology Distributors0.06%-0.03 pp

3 · Sub-industry

Inside Technology Hardware, Storage & Peripherals

Technology Hardware, Storage & Peripherals7.09%-1.979 pp

Concentrated

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

View all contributions →

Technology Hardware, Storage & Peripherals · weight

7.09%

Industry change · 12M

-1.98 pp

Technology Hardware, Storage & Peripherals · contribution

-1.979 pp

Company participation

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

May 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
Apple Inc. → AAPL	United States	$2787.9bn	6.887%	-1.312 pp	-1.788 pp	+19.8%	No
HP Inc. → HPQ	United States	$28.7bn	0.071%	-0.031 pp	-0.078 pp	-22.6%	No
Seagate Technology → STX	United States	$12.4bn	0.031%	-0.016 pp	-0.035 pp	-25.7%	No
Western Digital → WDC	United States	$9.4bn	0.023%	-0.010 pp	-0.029 pp	-36.2%	No
Hewlett Packard Enterprise → HPE	United States	$18.7bn	0.046%	-0.024 pp	-0.027 pp	-4.4%	No
NetApp → NTAP	United States	$14.2bn	0.035%	-0.014 pp	-0.023 pp	-4.8%	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.