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
Data Center REITs0.25%-0.09 ppHealth Care REITs0.34%+0.08 ppTelecom Tower REITs0.28%-0.06 ppSelf-Storage REITs0.14%-0.05 ppMulti-Family Residential REITs0.16%-0.05 ppRetail REITs0.27%-0.03 ppOffice REITs0.04%-0.03 ppOther Specialized REITs0.05%-0.02 ppHotel & Resort REITs0.08%-0.01 ppTimber REITs0.03%-0.01 ppSingle-Family Residential REITs0.03%-0.01 ppIndustrial REITs0.23%+0.01 ppReal Estate Services0.15%-0.01 pp
3 · Sub-industry
Inside Telecom Tower REITs
Telecom Tower REITs · weight
0.28%
Industry change · 12M
-0.06 pp
Telecom Tower REITs · contribution
-0.056 pp
Company participation
0%
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 |
|---|---|---|---|---|---|---|---|
| American Tower → AMT | United States | $82.2bn | 0.161% | -0.019 pp | -0.033 pp | -0.9% | No |
| Crown Castle → CCI | United States | $38.7bn | 0.076% | -0.008 pp | -0.014 pp | +3.0% | No |
| SBA Communications → SBAC | United States | $20.6bn | 0.040% | -0.001 pp | -0.009 pp | -3.1% | 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.