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 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 Financials

Transaction & Payment Processing Services0.62%-0.51 ppDiversified Banks3.22%-0.49 ppProperty & Casualty Insurance0.80%-0.40 ppInsurance Brokers0.41%-0.37 ppFinancial Exchanges & Data0.77%-0.35 ppAsset Management & Custody Banks1.18%-0.25 ppInvestment Banking & Brokerage1.41%+0.10 ppLife & Health Insurance0.31%-0.08 ppConsumer Finance0.62%-0.06 ppMulti-line Insurance0.13%-0.05 ppRegional Banks0.32%+0.02 ppReinsurance0.02%-0.01 ppMulti-Sector Holdings0.00%-0.00 pp

3 · Sub-industry

Inside Investment Banking & Brokerage

Investment Banking & Brokerage1.41%+0.097 pp
Concentrated

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

View all contributions →
Investment Banking & Brokerage · weight
1.41%
Industry change · 12M
+0.10 pp
Investment Banking & Brokerage · contribution
+0.097 pp
Company participation
60%
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
Goldman Sachs →
GS
United States$302.5bn0.524%+0.174 pp+0.107 pp+73.5%Yes
Morgan Stanley →
MS
United States$328.1bn0.569%+0.206 pp+0.103 pp+66.4%Yes
Charles Schwab Corporation →
SCHW
United States$151.9bn0.263%+0.034 pp-0.100 pp+0.1%No
Raymond James Financial →
RJF
United States$27.9bn0.048%+0.007 pp-0.019 pp-1.1%No
Interactive Brokers →
IBKR
United States$3.7bn0.006%+0.002 pp+0.006 pp+66.5%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.