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 Financials
Transaction & Payment Processing Services0.81%-0.38 ppDiversified Banks3.93%+0.33 ppInvestment Banking & Brokerage1.48%+0.33 ppAsset Management & Custody Banks1.43%-0.18 ppConsumer Finance0.86%+0.17 ppInsurance Brokers0.57%-0.12 ppFinancial Exchanges & Data0.95%-0.10 ppProperty & Casualty Insurance0.98%-0.08 ppLife & Health Insurance0.35%-0.06 ppMulti-line Insurance0.16%-0.01 ppRegional Banks0.31%-0.01 ppReinsurance0.03%-0.01 ppMulti-Sector Holdings0.00%-0.00 pp
3 · Sub-industry
Inside Asset Management & Custody Banks
Asset Management & Custody Banks · weight
1.43%
Industry change · 12M
-0.18 pp
Asset Management & Custody Banks · contribution
-0.179 pp
Company participation
50%
of industry constituents above their 6M weight average
4 · Companies driving this sub-industry
Dec 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 |
|---|---|---|---|---|---|---|---|
| KKR & Co. → KKR | United States | $113.6bn | 0.223% | -0.009 pp | -0.075 pp | -13.3% | No |
| Blackstone Inc. → BX | United States | $113.8bn | 0.223% | -0.029 pp | -0.059 pp | -7.8% | No |
| Apollo Global Management → APO | United States | $84.0bn | 0.165% | +0.012 pp | -0.047 pp | -11.1% | Yes |
| BlackRock → BLK | United States | $165.8bn | 0.325% | -0.037 pp | -0.035 pp | +6.6% | No |
| Ares Management → ARES | United States | $16.7bn | 0.033% | +0.033 pp | +0.033 pp | -6.2% | Yes |
| BNY Mellon → BNY | United States | $81.0bn | 0.159% | +0.005 pp | +0.032 pp | +54.4% | Yes |
| Ameriprise Financial → AMP | United States | $45.6bn | 0.089% | -0.003 pp | -0.028 pp | -6.7% | No |
| T. Rowe Price → TROW | United States | $22.3bn | 0.044% | -0.001 pp | -0.013 pp | -4.7% | No |
| State Street Corporation → STT | United States | $36.0bn | 0.071% | +0.005 pp | +0.005 pp | +35.5% | Yes |
| Invesco → IVZ | United States | $11.7bn | 0.023% | +0.002 pp | +0.005 pp | +56.9% | Yes |
| Northern Trust → NTRS | United States | $25.8bn | 0.051% | -0.001 pp | +0.005 pp | +36.9% | Yes |
| Franklin Resources → BEN | United States | $12.4bn | 0.024% | +0.000 pp | +0.000 pp | +24.8% | 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.