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›Communication Services›Integrated Telecommunication Services›Integrated Telecommunication Services

1 · Sector

Weight and 12M allocation change

Information Technology41.9%+7.32 ppEnergy2.5%+0.19 ppConsumer Discretionary11.8%-0.20 ppMaterials2.0%-0.21 ppCommunication Services2.4%-0.32 ppReal Estate2.0%-0.41 ppUtilities2.4%-0.43 ppIndustrials9.6%-0.50 ppHealth Care9.7%-1.47 ppConsumer Staples5.7%-1.52 ppFinancials9.8%-2.46 pp

2 · Industry

Inside Communication Services

Movies & Entertainment1.02%+0.37 ppWireless Telecommunication Services0.35%-0.27 ppCable & Satellite0.16%-0.24 ppIntegrated Telecommunication Services0.64%-0.23 ppBroadcasting0.12%+0.06 ppInteractive Home Entertainment0.07%-0.02 ppAdvertising0.04%+0.00 pp

3 · Sub-industry

Inside Integrated Telecommunication Services

Integrated Telecommunication Services0.64%-0.229 pp
Concentrated

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

View all contributions →
Integrated Telecommunication Services · weight
0.64%
Industry change · 12M
-0.23 pp
Integrated Telecommunication Services · contribution
-0.229 pp
Company participation
50%
of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

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

CompanyCountryMarket capUniverse weight3M contribution12M contribution12M price returnAbove 6M weight average
AT&T →
T
United States$172.3bn0.299%+0.029 pp-0.155 pp-6.9%No
Verizon →
VZ
United States$199.6bn0.346%+0.056 pp-0.074 pp+16.1%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.