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 Technology28.3%+1.04 pp Financials11.9%+0.79 pp Consumer Discretionary12.0%+0.65 pp Industrials10.6%+0.56 pp Consumer Staples7.5%-0.03 pp Materials2.9%-0.23 pp Energy3.3%-0.30 pp Real Estate2.7%-0.32 pp Communication Services2.8%-0.43 pp Utilities2.7%-0.60 pp Health Care15.4%-1.13 pp

2 · Industry

Inside Information Technology

Technology Hardware, Storage & Peripherals7.61%-1.58 pp Systems Software9.07%+1.47 pp Semiconductors4.31%+0.69 pp Application Software3.77%+0.45 pp Communications Equipment0.82%-0.15 pp Semiconductor Materials & Equipment0.58%+0.13 pp IT Consulting & Other Services1.30%+0.08 pp Electronic Equipment & Instruments0.34%-0.04 pp Electronic Manufacturing Services0.17%+0.03 pp Internet Services & Infrastructure0.10%-0.02 pp Electronic Components0.13%-0.02 pp Technology Distributors0.10%+0.01 pp

3 · Sub-industry

Inside Application Software

Application Software3.77%+0.450 pp

Broad

The gain is shared across much of the industry.

View all contributions →

Application Software · weight

3.77%

Industry change · 12M

+0.45 pp

Application Software · contribution

+0.450 pp

Company participation

64%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Mar 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	$292.1bn	0.810%	+0.051 pp	+0.129 pp	+51.0%	Yes
Oracle Corporation → ORCL	United States	$345.2bn	0.957%	+0.093 pp	+0.102 pp	+37.3%	Yes
Intuit → INTU	United States	$182.0bn	0.505%	-0.017 pp	+0.078 pp	+46.8%	No
Synopsys → SNPS	United States	$87.2bn	0.242%	+0.008 pp	+0.041 pp	+48.0%	No
Cadence Design Systems → CDNS	United States	$84.7bn	0.235%	+0.014 pp	+0.039 pp	+48.2%	Yes
Fair Isaac → FICO	United States	$31.1bn	0.086%	+0.000 pp	+0.026 pp	+77.8%	Yes
Adobe Inc. → ADBE	United States	$226.1bn	0.627%	-0.183 pp	+0.024 pp	+30.9%	No
PTC Inc. → PTC	United States	$22.6bn	0.063%	+0.000 pp	+0.011 pp	+47.3%	Yes
Autodesk → ADSK	United States	$55.7bn	0.154%	-0.001 pp	+0.002 pp	+25.1%	Yes
Tyler Technologies → TYL	United States	$18.0bn	0.050%	-0.003 pp	-0.001 pp	+19.8%	No
Trimble Inc. → TRMB	United States	$15.8bn	0.044%	+0.004 pp	-0.000 pp	+22.8%	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.