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 Technology29.3%+5.56 pp Consumer Discretionary12.4%+2.29 pp Industrials10.4%-0.00 pp Real Estate2.9%-0.24 pp Materials2.8%-0.35 pp Communication Services2.8%-0.37 pp Energy3.2%-0.82 pp Utilities2.8%-0.82 pp Financials11.5%-0.88 pp Consumer Staples6.6%-1.31 pp Health Care15.2%-3.03 pp

2 · Industry

Inside Utilities

Multi-Utilities1.25%-0.40 pp Electric Utilities1.34%-0.38 pp Water Utilities0.08%-0.02 pp Independent Power Producers & Energy Traders0.07%-0.02 pp Gas Utilities0.05%-0.01 pp

3 · Sub-industry

Inside Multi-Utilities

Multi-Utilities1.25%-0.397 pp

Concentrated

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

View all contributions →

Multi-Utilities · weight

1.25%

Industry change · 12M

-0.40 pp

Multi-Utilities · contribution

-0.397 pp

Company participation

75%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Dec 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	$124.6bn	0.372%	-0.016 pp	-0.228 pp	-25.3%	No
Dominion Energy → D	United States	$39.3bn	0.117%	-0.008 pp	-0.067 pp	-19.1%	Yes
Sempra → SRE	United States	$47.0bn	0.140%	+0.069 pp	+0.053 pp	-0.1%	Yes
Xcel Energy → XEL	United States	$34.2bn	0.102%	-0.004 pp	-0.037 pp	-8.7%	Yes
Consolidated Edison → ED	United States	$31.4bn	0.094%	-0.005 pp	-0.028 pp	-1.1%	Yes
Ameren → AEE	United States	$19.0bn	0.057%	-0.009 pp	-0.026 pp	-16.1%	No
CMS Energy → CMS	United States	$16.9bn	0.051%	-0.001 pp	-0.016 pp	-5.2%	Yes
CenterPoint Energy → CNP	United States	$18.0bn	0.054%	-0.003 pp	-0.014 pp	-2.1%	Yes
DTE Energy → DTE	United States	$22.7bn	0.068%	-0.001 pp	-0.014 pp	-2.8%	Yes
NiSource → NI	United States	$11.0bn	0.033%	-0.001 pp	-0.007 pp	+0.5%	Yes
Pinnacle West Capital → PNW	United States	$8.1bn	0.024%	-0.004 pp	-0.007 pp	-1.2%	No
PG&E Corporation → PCG	United States	$47.1bn	0.140%	+0.002 pp	-0.004 pp	+10.9%	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.