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›Consumer Discretionary›Restaurants›Restaurants

1 · Sector

Weight and 12M allocation change

Information Technology29.0%+4.54 pp Consumer Discretionary12.1%+0.51 pp Industrials9.9%+0.06 pp Materials2.9%-0.07 pp Real Estate2.8%-0.34 pp Communication Services2.9%-0.37 pp Utilities2.9%-0.44 pp Energy3.6%-0.51 pp Consumer Staples7.1%-0.55 pp Financials11.0%-1.14 pp Health Care15.8%-1.70 pp

2 · Industry

Inside Consumer Discretionary

Broadline Retail4.75%+0.96 pp Automobile Manufacturers2.43%-0.50 pp Apparel, Accessories & Luxury Goods0.48%+0.17 pp Home Improvement Retail1.34%-0.16 pp Restaurants1.23%-0.06 pp Apparel Retail0.48%+0.06 pp Homebuilding0.23%+0.06 pp Hotels, Resorts & Cruise Lines0.47%+0.04 pp Distributors0.06%-0.03 pp Automotive Retail0.16%-0.02 pp Casinos & Gaming0.20%+0.02 pp Other Specialty Retail0.08%-0.02 pp Leisure Products0.02%-0.01 pp Consumer Electronics0.07%+0.01 pp Computer & Electronics Retail0.05%-0.01 pp Automotive Parts & Equipment0.08%-0.00 pp Footwear0.00%+0.00 pp Homefurnishing Retail0.00%+0.00 pp

3 · Sub-industry

Inside Restaurants

Restaurants1.23%-0.063 pp

Concentrated

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

View all contributions →

Restaurants · weight

1.23%

Industry change · 12M

-0.06 pp

Restaurants · contribution

-0.063 pp

Company participation

100%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Oct 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
McDonald's → MCD	United States	$191.1bn	0.650%	+0.183 pp	-0.062 pp	-1.7%	Yes
Starbucks → SBUX	United States	$105.7bn	0.359%	+0.105 pp	+0.007 pp	+8.8%	Yes
Yum! Brands → YUM	United States	$33.9bn	0.115%	+0.031 pp	-0.004 pp	+4.1%	Yes
Darden Restaurants → DRI	United States	$17.5bn	0.060%	+0.015 pp	-0.003 pp	+5.1%	Yes
Domino's → DPZ	United States	$11.8bn	0.040%	+0.010 pp	-0.002 pp	+3.5%	Yes
Chipotle Mexican Grill → CMG	United States	$1.1bn	0.004%	+0.001 pp	+0.001 pp	+29.6%	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.