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 Technology37.8%+2.39 pp Industrials9.6%+0.25 pp Materials2.2%+0.06 pp Utilities2.6%-0.01 pp Financials11.9%-0.11 pp Energy2.3%-0.17 pp Real Estate2.1%-0.28 pp Communication Services2.2%-0.31 pp Health Care11.3%-0.33 pp Consumer Staples6.0%-0.70 pp Consumer Discretionary12.0%-0.78 pp

2 · Industry

Inside Utilities

Multi-Utilities1.03%-0.07 pp Electric Utilities1.38%+0.04 pp Independent Power Producers & Energy Traders0.08%+0.02 pp Water Utilities0.05%-0.01 pp Gas Utilities0.05%+0.00 pp

3 · Sub-industry

Inside Multi-Utilities

Multi-Utilities1.03%-0.070 pp

Concentrated

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

View all contributions →

Multi-Utilities · weight

1.03%

Industry change · 12M

-0.07 pp

Multi-Utilities · contribution

-0.070 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
PG&E Corporation → PCG	United States	$43.0bn	0.084%	+0.003 pp	-0.035 pp	-19.7%	Yes
Sempra → SRE	United States	$57.6bn	0.113%	-0.005 pp	-0.013 pp	+3.9%	No
NextEra Energy → NEE	United States	$167.2bn	0.327%	+0.016 pp	-0.007 pp	+15.5%	Yes
Dominion Energy → D	United States	$50.0bn	0.098%	-0.007 pp	-0.005 pp	+14.0%	No
DTE Energy → DTE	United States	$26.8bn	0.052%	-0.006 pp	-0.004 pp	+10.4%	No
CMS Energy → CMS	United States	$21.3bn	0.042%	-0.002 pp	-0.003 pp	+8.1%	No
Xcel Energy → XEL	United States	$43.7bn	0.086%	-0.010 pp	-0.002 pp	+13.9%	No
CenterPoint Energy → CNP	United States	$25.0bn	0.049%	-0.002 pp	+0.002 pp	+23.7%	No
Pinnacle West Capital → PNW	United States	$10.6bn	0.021%	-0.001 pp	-0.001 pp	+8.9%	No
Ameren → AEE	United States	$27.0bn	0.053%	-0.004 pp	-0.001 pp	+15.3%	No
Consolidated Edison → ED	United States	$35.8bn	0.070%	-0.002 pp	+0.000 pp	+15.1%	No
NiSource → NI	United States	$19.9bn	0.039%	-0.002 pp	+0.000 pp	+16.8%	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.