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 Information Technology
Semiconductors15.05%+2.87 ppApplication Software2.98%-0.53 ppTechnology Hardware, Storage & Peripherals8.35%-0.51 ppSemiconductor Materials & Equipment0.94%+0.37 ppCommunications Equipment1.07%+0.25 ppIT Consulting & Other Services0.99%-0.15 ppElectronic Components0.31%+0.12 ppElectronic Equipment & Instruments0.23%-0.05 ppElectronic Manufacturing Services0.18%+0.05 ppInternet Services & Infrastructure0.10%-0.04 ppTechnology Distributors0.03%-0.02 ppSystems Software7.56%+0.02 pp
3 · Sub-industry
Inside Application Software
Application Software · weight
2.98%
Industry change · 12M
-0.53 pp
Application Software · contribution
-0.527 pp
Company participation
17%
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 |
|---|---|---|---|---|---|---|---|
| Salesforce → CRM | United States | $248.2bn | 0.486% | +0.035 pp | -0.239 pp | -20.2% | Yes |
| Adobe Inc. → ADBE | United States | $146.5bn | 0.287% | -0.009 pp | -0.157 pp | -21.3% | No |
| Oracle Corporation → ORCL | United States | $560.0bn | 1.097% | -0.503 pp | +0.040 pp | +18.1% | No |
| Intuit → INTU | United States | $184.4bn | 0.361% | -0.020 pp | -0.038 pp | +6.1% | No |
| Workday, Inc. → WDAY | United States | $47.3bn | 0.093% | -0.013 pp | -0.036 pp | -16.8% | No |
| Fair Isaac → FICO | United States | $40.1bn | 0.079% | +0.007 pp | -0.031 pp | -15.1% | Yes |
| Autodesk → ADSK | United States | $62.8bn | 0.123% | -0.013 pp | -0.021 pp | +0.1% | No |
| Cadence Design Systems → CDNS | United States | $85.1bn | 0.167% | -0.025 pp | -0.020 pp | +4.0% | No |
| Tyler Technologies → TYL | United States | $19.5bn | 0.038% | -0.007 pp | -0.018 pp | -21.3% | No |
| PTC Inc. → PTC | United States | $20.9bn | 0.041% | -0.008 pp | -0.009 pp | -5.3% | No |
| Synopsys → SNPS | United States | $89.9bn | 0.176% | -0.007 pp | +0.006 pp | -3.2% | No |
| Trimble Inc. → TRMB | United States | $18.6bn | 0.037% | -0.002 pp | -0.003 pp | +10.9% | 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.