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 Technology28.3%+1.04 ppFinancials11.9%+0.79 ppConsumer Discretionary12.0%+0.65 ppIndustrials10.6%+0.56 ppConsumer Staples7.5%-0.03 ppMaterials2.9%-0.23 ppEnergy3.3%-0.30 ppReal Estate2.7%-0.32 ppCommunication Services2.8%-0.43 ppUtilities2.7%-0.60 ppHealth Care15.4%-1.13 pp

2 · Industry

Inside Information Technology

Technology Hardware, Storage & Peripherals7.61%-1.58 ppSystems Software9.07%+1.47 ppSemiconductors4.31%+0.69 ppApplication Software3.77%+0.45 ppCommunications Equipment0.82%-0.15 ppSemiconductor Materials & Equipment0.58%+0.13 ppIT Consulting & Other Services1.30%+0.08 ppElectronic Equipment & Instruments0.34%-0.04 ppElectronic Manufacturing Services0.17%+0.03 ppInternet Services & Infrastructure0.10%-0.02 ppElectronic Components0.13%-0.02 ppTechnology Distributors0.10%+0.01 pp

3 · Sub-industry

Inside Communications Equipment

Communications Equipment0.82%-0.150 pp
Concentrated

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

View all contributions →
Communications Equipment · weight
0.82%
Industry change · 12M
-0.15 pp
Communications Equipment · contribution
-0.150 pp
Company participation
50%
of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

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

CompanyCountryMarket capUniverse weight3M contribution12M contribution12M price returnAbove 6M weight average
Cisco →
CSCO
United States$202.1bn0.560%-0.052 pp-0.170 pp-1.6%No
Arista Networks →
ANET
United States$22.7bn0.063%+0.008 pp+0.019 pp+72.8%Yes
F5, Inc. →
FFIV
United States$11.1bn0.031%-0.001 pp+0.001 pp+30.1%No
Motorola Solutions →
MSI
United States$59.0bn0.164%+0.009 pp+0.000 pp+25.6%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.