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 Technology37.5%+17.67 pp Financials12.1%+3.93 pp Consumer Discretionary11.7%+3.50 pp Industrials10.0%+2.95 pp Consumer Staples6.5%+1.39 pp Utilities2.8%+0.81 pp Communication Services2.5%+0.68 pp Real Estate2.3%+0.39 pp Energy2.3%+0.30 pp Health Care10.3%+0.23 pp Materials2.1%-31.86 pp

2 · Industry

Inside Financials

Diversified Banks3.82%+1.21 pp Asset Management & Custody Banks1.55%+0.85 pp Investment Banking & Brokerage1.40%+0.61 pp Consumer Finance0.78%+0.32 pp Financial Exchanges & Data1.09%+0.29 pp Property & Casualty Insurance1.00%+0.23 pp Transaction & Payment Processing Services0.99%+0.19 pp Insurance Brokers0.65%+0.12 pp Regional Banks0.31%+0.06 pp Life & Health Insurance0.36%+0.03 pp Multi-line Insurance0.15%+0.01 pp Reinsurance0.03%-0.00 pp Multi-Sector Holdings0.00%+0.00 pp

3 · Sub-industry

Inside Diversified Banks

Diversified Banks3.82%+1.212 pp

Concentrated

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

View all contributions →

Diversified Banks · weight

3.82%

Industry change · 12M

+1.21 pp

Diversified Banks · contribution

+1.212 pp

Company participation

29%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Jul 2025 · 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	$823.3bn	1.736%	+0.094 pp	+0.641 pp	+42.3%	Yes
Wells Fargo → WFC	United States	$262.4bn	0.553%	-0.002 pp	+0.183 pp	+39.1%	No
Bank of America → BAC	United States	$350.1bn	0.738%	+0.017 pp	+0.178 pp	+20.1%	No
Citigroup → C	United States	$175.0bn	0.369%	+0.060 pp	+0.147 pp	+49.3%	Yes
PNC Financial Services → PNC	United States	$75.3bn	0.159%	+0.006 pp	+0.030 pp	+8.9%	No
U.S. Bancorp → USB	United States	$70.0bn	0.148%	-0.003 pp	+0.022 pp	+4.7%	No
Truist Financial → TFC	United States	$56.4bn	0.119%	-0.002 pp	+0.012 pp	+2.6%	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.