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

Materials27.4%+25.10 ppEnergy2.1%-0.32 ppCommunication Services2.0%-0.81 ppUtilities2.0%-0.92 ppReal Estate1.6%-0.95 ppIndustrials7.6%-2.27 ppConsumer Discretionary8.9%-2.59 ppConsumer Staples4.7%-2.85 ppFinancials7.8%-4.44 ppInformation Technology28.4%-4.69 ppHealth Care7.4%-5.25 pp

2 · Industry

Inside Financials

Diversified Banks2.64%-1.01 ppTransaction & Payment Processing Services0.50%-0.68 ppProperty & Casualty Insurance0.66%-0.56 ppFinancial Exchanges & Data0.60%-0.52 ppAsset Management & Custody Banks0.94%-0.50 ppInsurance Brokers0.33%-0.46 ppInvestment Banking & Brokerage1.05%-0.23 ppLife & Health Insurance0.24%-0.18 ppConsumer Finance0.50%-0.17 ppMulti-line Insurance0.10%-0.08 ppRegional Banks0.26%-0.04 ppReinsurance0.02%-0.02 ppMulti-Sector Holdings0.00%-0.00 pp

3 · Sub-industry

Inside Investment Banking & Brokerage

Investment Banking & Brokerage1.05%-0.232 pp
Concentrated

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

View all contributions →
Investment Banking & Brokerage · weight
1.05%
Industry change · 12M
-0.23 pp
Investment Banking & Brokerage · contribution
-0.232 pp
Company participation
0%
of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Apr 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$160.6bn0.218%-0.135 pp-0.137 pp+14.0%No
Goldman Sachs →
GS
United States$274.1bn0.372%-0.165 pp-0.038 pp+72.2%No
Morgan Stanley →
MS
United States$302.6bn0.411%-0.145 pp-0.036 pp+69.1%No
Raymond James Financial →
RJF
United States$31.2bn0.042%-0.020 pp-0.025 pp+17.1%No
Interactive Brokers →
IBKR
United States$3.4bn0.005%-0.001 pp+0.005 pp+86.0%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.