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 Technology39.6%+4.74 pp Consumer Discretionary12.3%+1.05 pp Utilities2.7%-0.15 pp Financials11.2%-0.18 pp Industrials9.5%-0.27 pp Energy2.2%-0.34 pp Communication Services2.1%-0.37 pp Real Estate2.1%-0.48 pp Materials2.0%-0.52 pp Consumer Staples5.9%-1.08 pp Health Care10.5%-2.40 pp

2 · Industry

Inside Utilities

Multi-Utilities1.06%-0.14 pp Water Utilities0.05%-0.01 pp Electric Utilities1.47%-0.01 pp Independent Power Producers & Energy Traders0.08%+0.01 pp Gas Utilities0.05%+0.00 pp

3 · Sub-industry

Inside Multi-Utilities

Multi-Utilities1.06%-0.136 pp

Concentrated

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

View all contributions →

Multi-Utilities · weight

1.06%

Industry change · 12M

-0.14 pp

Multi-Utilities · contribution

-0.136 pp

Company participation

25%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Oct 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	$169.5bn	0.332%	+0.024 pp	-0.051 pp	+5.9%	Yes
PG&E Corporation → PCG	United States	$42.7bn	0.084%	+0.005 pp	-0.041 pp	-20.6%	No
Dominion Energy → D	United States	$50.1bn	0.098%	-0.007 pp	-0.019 pp	+3.3%	No
Consolidated Edison → ED	United States	$35.1bn	0.069%	-0.010 pp	-0.014 pp	-0.9%	No
Sempra → SRE	United States	$60.0bn	0.118%	+0.005 pp	-0.007 pp	+13.8%	Yes
DTE Energy → DTE	United States	$28.1bn	0.055%	-0.005 pp	-0.005 pp	+12.8%	No
CMS Energy → CMS	United States	$22.4bn	0.044%	-0.003 pp	-0.005 pp	+8.9%	No
Xcel Energy → XEL	United States	$48.0bn	0.094%	+0.002 pp	+0.004 pp	+25.5%	Yes
CenterPoint Energy → CNP	United States	$25.0bn	0.049%	-0.005 pp	+0.004 pp	+32.8%	No
Pinnacle West Capital → PNW	United States	$10.6bn	0.021%	-0.002 pp	-0.003 pp	+5.0%	No
NiSource → NI	United States	$20.1bn	0.039%	-0.003 pp	+0.001 pp	+23.2%	No
Ameren → AEE	United States	$27.6bn	0.054%	-0.004 pp	-0.001 pp	+20.6%	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.