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

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 Utilities

Multi-Utilities1.23%-0.33 pp Electric Utilities1.40%-0.31 pp Independent Power Producers & Energy Traders0.06%-0.03 pp Water Utilities0.08%-0.01 pp Gas Utilities0.05%-0.00 pp

3 · Sub-industry

Inside Multi-Utilities

Multi-Utilities1.23%-0.325 pp

Concentrated

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

View all contributions →

Multi-Utilities · weight

1.23%

Industry change · 12M

-0.33 pp

Multi-Utilities · contribution

-0.325 pp

Company participation

92%

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
NextEra Energy → NEE	United States	$115.9bn	0.387%	+0.040 pp	-0.218 pp	-25.1%	No
PG&E Corporation → PCG	United States	$41.4bn	0.138%	+0.040 pp	+0.138 pp	+29.0%	Yes
Dominion Energy → D	United States	$37.4bn	0.125%	+0.025 pp	-0.101 pp	-32.0%	Yes
Xcel Energy → XEL	United States	$31.6bn	0.105%	+0.026 pp	-0.032 pp	-7.7%	Yes
Sempra → SRE	United States	$21.4bn	0.071%	+0.019 pp	-0.021 pp	-6.3%	Yes
Consolidated Edison → ED	United States	$29.5bn	0.099%	+0.026 pp	-0.021 pp	+3.3%	Yes
DTE Energy → DTE	United States	$20.5bn	0.068%	+0.016 pp	-0.019 pp	-10.7%	Yes
Ameren → AEE	United States	$19.7bn	0.066%	+0.016 pp	-0.016 pp	-4.3%	Yes
CMS Energy → CMS	United States	$15.5bn	0.052%	+0.012 pp	-0.015 pp	-5.8%	Yes
CenterPoint Energy → CNP	United States	$16.9bn	0.057%	+0.014 pp	-0.013 pp	-2.2%	Yes
NiSource → NI	United States	$10.2bn	0.034%	+0.008 pp	-0.006 pp	+1.6%	Yes
Pinnacle West Capital → PNW	United States	$8.3bn	0.028%	+0.007 pp	-0.001 pp	+19.6%	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.