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 Technology41.0%+4.61 ppIndustrials10.3%+0.34 ppEnergy2.4%+0.09 ppMaterials2.1%-0.14 ppUtilities2.5%-0.22 ppReal Estate2.0%-0.28 ppConsumer Discretionary11.2%-0.41 ppHealth Care10.4%-0.48 ppCommunication Services2.2%-0.51 ppConsumer Staples5.7%-1.01 ppFinancials10.3%-1.99 pp

2 · Industry

Inside Financials

Transaction & Payment Processing Services0.63%-0.46 ppFinancial Exchanges & Data0.69%-0.40 ppDiversified Banks3.53%-0.31 ppAsset Management & Custody Banks1.17%-0.31 ppInsurance Brokers0.45%-0.26 ppProperty & Casualty Insurance0.90%-0.20 ppLife & Health Insurance0.33%-0.05 ppConsumer Finance0.66%-0.05 ppInvestment Banking & Brokerage1.43%+0.05 ppRegional Banks0.35%+0.04 ppMulti-line Insurance0.13%-0.04 ppReinsurance0.02%-0.01 ppMulti-Sector Holdings0.00%-0.00 pp

3 · Sub-industry

Inside Investment Banking & Brokerage

Investment Banking & Brokerage1.43%+0.048 pp
Concentrated

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

View all contributions →
Investment Banking & Brokerage · weight
1.43%
Industry change · 12M
+0.05 pp
Investment Banking & Brokerage · contribution
+0.048 pp
Company participation
100%
of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

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

CompanyCountryMarket capUniverse weight3M contribution12M contribution12M price returnAbove 6M weight average
Morgan Stanley →
MS
United States$329.7bn0.573%+0.192 pp+0.086 pp+52.0%Yes
Charles Schwab Corporation →
SCHW
United States$160.5bn0.279%+0.039 pp-0.079 pp+2.4%Yes
Goldman Sachs →
GS
United States$298.4bn0.518%+0.153 pp+0.050 pp+45.8%Yes
Raymond James Financial →
RJF
United States$29.6bn0.051%+0.010 pp-0.015 pp+0.5%Yes
Interactive Brokers →
IBKR
United States$3.7bn0.006%+0.002 pp+0.006 pp+57.8%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.