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›Health Care›Health Care Technology›Health Care Technology

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 Health Care

Health Care Equipment1.51%-1.12 ppPharmaceuticals3.80%+0.22 ppBiotechnology1.68%-0.18 ppLife Sciences Tools & Services0.80%-0.12 ppHealth Care Distributors0.34%-0.09 ppManaged Health Care0.86%-0.08 ppHealth Care Services0.42%-0.07 ppHealth Care Facilities0.15%-0.06 ppHealth Care Technology0.07%+0.04 ppHealth Care Supplies0.08%-0.01 pp

3 · Sub-industry

Inside Health Care Technology

Health Care Technology0.07%+0.043 pp
Concentrated

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

View all contributions →
Health Care Technology · weight
0.07%
Industry change · 12M
+0.04 pp
Health Care Technology · contribution
+0.043 pp
Company participation
100%
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
Veeva Systems →
VEEV
United States$28.5bn0.049%+0.049 pp+0.049 pp-37.7%Yes
Solventum →
SOLV
United States$13.0bn0.022%+0.005 pp-0.006 pp+2.5%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.