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›Communications Equipment›Communications Equipment

1 · Sector

Weight and 12M allocation change

Information Technology29.3%+4.19 ppConsumer Discretionary12.5%+1.15 ppIndustrials10.5%+0.21 ppReal Estate2.8%-0.41 ppMaterials2.8%-0.42 ppCommunication Services2.8%-0.51 ppUtilities2.6%-0.62 ppEnergy3.1%-0.63 ppConsumer Staples6.6%-0.85 ppFinancials11.6%-1.05 ppHealth Care15.5%-1.06 pp

2 · Industry

Inside Information Technology

Systems Software9.23%+2.44 ppSemiconductors4.26%+0.94 ppApplication Software3.89%+0.89 ppTechnology Hardware, Storage & Peripherals8.24%-0.26 ppIT Consulting & Other Services1.39%+0.18 ppSemiconductor Materials & Equipment0.59%+0.15 ppCommunications Equipment0.81%-0.11 ppElectronic Equipment & Instruments0.34%-0.04 ppElectronic Manufacturing Services0.18%+0.04 ppElectronic Components0.13%-0.02 ppInternet Services & Infrastructure0.10%-0.01 ppTechnology Distributors0.09%-0.00 pp

3 · Sub-industry

Inside Communications Equipment

Communications Equipment0.81%-0.107 pp
Concentrated

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

View all contributions →
Communications Equipment · weight
0.81%
Industry change · 12M
-0.11 pp
Communications Equipment · contribution
-0.107 pp
Company participation
25%
of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Feb 2024 · sorted by absolute contribution to 12-month change

CompanyCountryMarket capUniverse weight3M contribution12M contribution12M price returnAbove 6M weight average
Cisco →
CSCO
United States$195.9bn0.561%-0.052 pp-0.136 pp+2.9%No
Arista Networks →
ANET
United States$21.7bn0.062%+0.009 pp+0.025 pp+100.1%Yes
Motorola Solutions →
MSI
United States$54.9bn0.157%-0.010 pp+0.003 pp+27.3%No
F5, Inc. →
FFIV
United States$11.0bn0.032%-0.000 pp+0.001 pp+30.9%No

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.