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›Health Care›Pharmaceuticals›Pharmaceuticals

1 · Sector

Weight and 12M allocation change

Information Technology28.3%+2.98 pp Consumer Discretionary12.3%+1.34 pp Industrials9.9%+0.26 pp Energy3.7%+0.18 pp Materials2.9%-0.09 pp Communication Services2.9%-0.40 pp Real Estate2.8%-0.49 pp Utilities2.8%-0.68 pp Consumer Staples7.1%-0.72 pp Financials11.1%-0.86 pp Health Care16.2%-1.52 pp

2 · Industry

Inside Health Care

Managed Health Care2.23%-0.48 pp Pharmaceuticals5.26%-0.36 pp Life Sciences Tools & Services1.70%-0.33 pp Health Care Services0.72%-0.26 pp Biotechnology2.53%-0.12 pp Health Care Supplies0.18%+0.04 pp Health Care Equipment2.91%-0.03 pp Health Care Facilities0.22%+0.02 pp Health Care Distributors0.42%+0.01 pp Health Care Technology0.00%+0.00 pp

3 · Sub-industry

Inside Pharmaceuticals

Pharmaceuticals5.26%-0.363 pp

Concentrated

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

View all contributions →

Pharmaceuticals · weight

5.26%

Industry change · 12M

-0.36 pp

Pharmaceuticals · contribution

-0.363 pp

Company participation

100%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Sep 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
Lilly (Eli) → LLY	United States	$509.9bn	1.703%	+0.673 pp	+0.495 pp	+67.9%	Yes
Pfizer → PFE	United States	$187.3bn	0.625%	+0.147 pp	-0.340 pp	-21.1%	Yes
Johnson & Johnson → JNJ	United States	$404.8bn	1.352%	+0.357 pp	-0.336 pp	-1.9%	Yes
Bristol Myers Squibb → BMY	United States	$121.3bn	0.405%	+0.094 pp	-0.192 pp	-15.7%	Yes
Merck & Co. → MRK	United States	$261.2bn	0.872%	+0.195 pp	+0.015 pp	+22.8%	Yes
Zoetis → ZTS	United States	$80.1bn	0.267%	+0.083 pp	-0.005 pp	+18.4%	Yes
Viatris → VTRS	United States	$11.8bn	0.039%	+0.012 pp	-0.001 pp	+21.1%	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.