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›Financials›Diversified Banks›Diversified Banks

1 · Sector

Weight and 12M allocation change

Information Technology34.8%+5.79 pp Financials11.4%+0.39 pp Utilities2.9%-0.05 pp Industrials9.8%-0.10 pp Consumer Staples7.0%-0.16 pp Real Estate2.6%-0.19 pp Materials2.5%-0.37 pp Communication Services2.5%-0.40 pp Consumer Discretionary11.2%-0.92 pp Energy2.5%-1.08 pp Health Care12.9%-2.90 pp

2 · Industry

Inside Financials

Asset Management & Custody Banks1.03%+0.35 pp Diversified Banks3.51%+0.23 pp Insurance Brokers0.73%-0.13 pp Consumer Finance0.64%+0.11 pp Life & Health Insurance0.44%-0.08 pp Investment Banking & Brokerage1.11%+0.08 pp Transaction & Payment Processing Services1.18%-0.06 pp Financial Exchanges & Data1.07%-0.06 pp Regional Banks0.33%+0.05 pp Multi-line Insurance0.18%-0.04 pp Reinsurance0.04%-0.02 pp Property & Casualty Insurance1.11%-0.02 pp Multi-Sector Holdings0.00%-0.00 pp

3 · Sub-industry

Inside Diversified Banks

Diversified Banks3.51%+0.225 pp

Concentrated

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

View all contributions →

Diversified Banks · weight

3.51%

Industry change · 12M

+0.23 pp

Diversified Banks · contribution

+0.225 pp

Company participation

100%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Oct 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
JPMorgan Chase → JPM	United States	$624.8bn	1.468%	+0.373 pp	+0.095 pp	+63.4%	Yes
Bank of America → BAC	United States	$320.9bn	0.754%	+0.194 pp	+0.045 pp	+63.2%	Yes
Citigroup → C	United States	$122.4bn	0.288%	+0.066 pp	+0.029 pp	+69.2%	Yes
PNC Financial Services → PNC	United States	$74.8bn	0.176%	+0.047 pp	+0.021 pp	+70.9%	Yes
Wells Fargo → WFC	United States	$216.2bn	0.508%	+0.137 pp	+0.017 pp	+68.1%	Yes
U.S. Bancorp → USB	United States	$75.4bn	0.177%	+0.052 pp	+0.011 pp	+58.7%	Yes
Truist Financial → TFC	United States	$57.7bn	0.135%	+0.028 pp	+0.007 pp	+60.8%	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.