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›Application Software›Application Software

1 · Sector

Weight and 12M allocation change

Information Technology29.3%+4.19 pp Consumer Discretionary12.5%+1.15 pp Industrials10.5%+0.21 pp Real Estate2.8%-0.41 pp Materials2.8%-0.42 pp Communication Services2.8%-0.51 pp Utilities2.6%-0.62 pp Energy3.1%-0.63 pp Consumer Staples6.6%-0.85 pp Financials11.6%-1.05 pp Health Care15.5%-1.06 pp

2 · Industry

Inside Information Technology

Systems Software9.23%+2.44 pp Semiconductors4.26%+0.94 pp Application Software3.89%+0.89 pp Technology Hardware, Storage & Peripherals8.24%-0.26 pp IT Consulting & Other Services1.39%+0.18 pp Semiconductor Materials & Equipment0.59%+0.15 pp Communications Equipment0.81%-0.11 pp Electronic Equipment & Instruments0.34%-0.04 pp Electronic Manufacturing Services0.18%+0.04 pp Electronic Components0.13%-0.02 pp Internet Services & Infrastructure0.10%-0.01 pp Technology Distributors0.09%-0.00 pp

3 · Sub-industry

Inside Application Software

Application Software3.89%+0.888 pp

Broad

The gain is shared across much of the industry.

View all contributions →

Application Software · weight

3.89%

Industry change · 12M

+0.89 pp

Application Software · contribution

+0.888 pp

Company participation

73%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Feb 2024 · 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
Salesforce → CRM	United States	$298.9bn	0.857%	+0.096 pp	+0.281 pp	+88.8%	Yes
Adobe Inc. → ADBE	United States	$253.2bn	0.726%	-0.142 pp	+0.204 pp	+73.0%	No
Intuit → INTU	United States	$185.6bn	0.532%	+0.033 pp	+0.130 pp	+63.9%	Yes
Fair Isaac → FICO	United States	$31.6bn	0.090%	+0.007 pp	+0.090 pp	+87.5%	Yes
Synopsys → SNPS	United States	$87.5bn	0.251%	-0.007 pp	+0.056 pp	+57.7%	Yes
Cadence Design Systems → CDNS	United States	$82.9bn	0.237%	+0.006 pp	+0.052 pp	+57.8%	Yes
Oracle Corporation → ORCL	United States	$307.0bn	0.880%	-0.113 pp	+0.051 pp	+29.7%	No
PTC Inc. → PTC	United States	$21.9bn	0.063%	+0.004 pp	+0.011 pp	+46.0%	Yes
Autodesk → ADSK	United States	$55.2bn	0.158%	+0.013 pp	+0.008 pp	+29.9%	Yes
Tyler Technologies → TYL	United States	$18.5bn	0.053%	-0.001 pp	+0.006 pp	+36.1%	No
Trimble Inc. → TRMB	United States	$15.0bn	0.043%	+0.007 pp	-0.002 pp	+17.5%	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.