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
1 · Sector
Weight and 12M allocation change
2 · Industry
Inside Real Estate
Telecom Tower REITs0.33%-0.20 ppIndustrial REITs0.22%-0.15 ppSelf-Storage REITs0.19%-0.07 ppHotel & Resort REITs0.10%-0.04 ppRetail REITs0.30%-0.04 ppReal Estate Services0.16%-0.03 ppOffice REITs0.07%-0.03 ppHealth Care REITs0.27%+0.03 ppTimber REITs0.05%-0.03 ppMulti-Family Residential REITs0.20%-0.03 ppSingle-Family Residential REITs0.04%-0.02 ppOther Specialized REITs0.07%+0.01 ppData Center REITs0.34%-0.01 pp
3 · Sub-industry
Inside Telecom Tower REITs
Telecom Tower REITs · weight
0.33%
Industry change · 12M
-0.20 pp
Telecom Tower REITs · contribution
-0.197 pp
Company participation
0%
of industry constituents above their 6M weight average
4 · Companies driving this sub-industry
Dec 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 |
|---|---|---|---|---|---|---|---|
| American Tower → AMT | United States | $85.7bn | 0.194% | -0.059 pp | -0.106 pp | -12.2% | No |
| Crown Castle → CCI | United States | $39.4bn | 0.089% | -0.031 pp | -0.060 pp | -16.4% | No |
| SBA Communications → SBAC | United States | $21.9bn | 0.050% | -0.011 pp | -0.032 pp | -18.2% | 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.