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›Utilities›Multi-Utilities›Multi-Utilities

1 · Sector

Weight and 12M allocation change

Information Technology38.2%+3.54 pp Financials11.8%+0.88 pp Consumer Discretionary12.1%+0.80 pp Industrials9.7%-0.00 pp Communication Services2.4%-0.05 pp Utilities2.7%-0.15 pp Energy2.3%-0.17 pp Materials2.1%-0.43 pp Real Estate2.2%-0.45 pp Consumer Staples6.2%-0.90 pp Health Care10.4%-3.06 pp

2 · Industry

Inside Utilities

Multi-Utilities1.05%-0.14 pp Water Utilities0.05%-0.01 pp Electric Utilities1.47%-0.01 pp Gas Utilities0.05%+0.00 pp Independent Power Producers & Energy Traders0.08%+0.00 pp

3 · Sub-industry

Inside Multi-Utilities

Multi-Utilities1.05%-0.144 pp

Concentrated

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

View all contributions →

Multi-Utilities · weight

1.05%

Industry change · 12M

-0.14 pp

Multi-Utilities · contribution

-0.144 pp

Company participation

17%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Sep 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
NextEra Energy → NEE	United States	$155.5bn	0.311%	+0.003 pp	-0.093 pp	-7.9%	No
PG&E Corporation → PCG	United States	$40.3bn	0.081%	+0.000 pp	-0.040 pp	-23.3%	No
Consolidated Edison → ED	United States	$36.3bn	0.073%	-0.005 pp	-0.011 pp	-0.1%	No
Xcel Energy → XEL	United States	$47.7bn	0.095%	+0.011 pp	+0.011 pp	+27.6%	Yes
Dominion Energy → D	United States	$52.2bn	0.105%	+0.001 pp	-0.008 pp	+10.9%	No
CenterPoint Energy → CNP	United States	$25.3bn	0.051%	-0.001 pp	+0.007 pp	+35.2%	No
Sempra → SRE	United States	$58.7bn	0.118%	+0.011 pp	-0.006 pp	+10.3%	Yes
CMS Energy → CMS	United States	$21.9bn	0.044%	-0.001 pp	-0.005 pp	+6.9%	No
NiSource → NI	United States	$20.4bn	0.041%	-0.000 pp	+0.005 pp	+28.6%	No
DTE Energy → DTE	United States	$29.4bn	0.059%	-0.000 pp	-0.003 pp	+13.9%	No
Ameren → AEE	United States	$28.2bn	0.057%	+0.001 pp	+0.002 pp	+22.9%	No
Pinnacle West Capital → PNW	United States	$10.7bn	0.021%	-0.002 pp	-0.002 pp	+5.4%	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.