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›Financials›Investment Banking & Brokerage›Investment Banking & Brokerage

1 · Sector

Weight and 12M allocation change

Information Technology36.6%+3.08 ppIndustrials10.0%+0.39 ppCommunication Services2.7%+0.26 ppMaterials2.4%+0.12 ppEnergy2.5%+0.04 ppUtilities2.6%-0.06 ppReal Estate2.1%-0.26 ppConsumer Staples6.3%-0.46 ppConsumer Discretionary12.3%-0.81 ppFinancials11.4%-1.15 ppHealth Care11.0%-1.15 pp

2 · Industry

Inside Financials

Transaction & Payment Processing Services0.73%-0.50 ppAsset Management & Custody Banks1.38%-0.30 ppInvestment Banking & Brokerage1.51%+0.26 ppInsurance Brokers0.55%-0.15 ppDiversified Banks3.74%-0.14 ppProperty & Casualty Insurance0.92%-0.12 ppFinancial Exchanges & Data0.96%-0.12 ppLife & Health Insurance0.35%-0.08 ppConsumer Finance0.78%+0.05 ppMulti-line Insurance0.14%-0.03 ppRegional Banks0.32%-0.01 ppReinsurance0.03%-0.01 ppMulti-Sector Holdings0.00%-0.00 pp

3 · Sub-industry

Inside Investment Banking & Brokerage

Investment Banking & Brokerage1.51%+0.258 pp
Concentrated

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

View all contributions →
Investment Banking & Brokerage · weight
1.51%
Industry change · 12M
+0.26 pp
Investment Banking & Brokerage · contribution
+0.258 pp
Company participation
80%
of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Jan 2026 · sorted by absolute contribution to 12-month change

CompanyCountryMarket capUniverse weight3M contribution12M contribution12M price returnAbove 6M weight average
Charles Schwab Corporation →
SCHW
United States$184.7bn0.353%+0.017 pp+0.116 pp+27.2%Yes
Goldman Sachs →
GS
United States$280.6bn0.537%+0.073 pp+0.090 pp+49.0%Yes
Morgan Stanley →
MS
United States$290.5bn0.556%+0.043 pp+0.060 pp+35.6%Yes
Raymond James Financial →
RJF
United States$32.6bn0.062%+0.000 pp-0.014 pp-0.3%No
Interactive Brokers →
IBKR
United States$3.2bn0.006%+0.000 pp+0.006 pp+38.5%Yes

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.