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 Technology39.9%+2.38 pp Energy2.7%+0.38 pp Health Care10.6%+0.37 pp Materials2.0%-0.11 pp Industrials9.9%-0.12 pp Real Estate2.1%-0.17 pp Communication Services2.2%-0.23 pp Utilities2.5%-0.34 pp Consumer Discretionary11.3%-0.38 pp Consumer Staples5.9%-0.60 pp Financials10.9%-1.19 pp

2 · Industry

Inside Financials

Financial Exchanges & Data0.78%-0.31 pp Transaction & Payment Processing Services0.70%-0.29 pp Asset Management & Custody Banks1.28%-0.27 pp Insurance Brokers0.50%-0.15 pp Consumer Finance0.66%-0.12 pp Diversified Banks3.72%-0.10 pp Investment Banking & Brokerage1.49%+0.09 pp Property & Casualty Insurance0.93%-0.07 pp Regional Banks0.35%+0.05 pp Multi-line Insurance0.14%-0.02 pp Reinsurance0.03%-0.00 pp Life & Health Insurance0.36%+0.00 pp Multi-Sector Holdings0.00%-0.00 pp

3 · Sub-industry

Inside Investment Banking & Brokerage

Investment Banking & Brokerage1.49%+0.094 pp

Concentrated

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

View all contributions →

Investment Banking & Brokerage · weight

1.49%

Industry change · 12M

+0.09 pp

Investment Banking & Brokerage · contribution

+0.094 pp

Company participation

100%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

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

Company	Country	Market cap	Universe weight	3M contribution	12M contribution	12M price return	Above 6M weight average
Morgan Stanley → MS	United States	$331.9bn	0.579%	+0.169 pp	+0.097 pp	+51.1%	Yes
Goldman Sachs → GS	United States	$300.4bn	0.524%	+0.152 pp	+0.056 pp	+43.6%	Yes
Charles Schwab Corporation → SCHW	United States	$183.0bn	0.319%	+0.102 pp	-0.055 pp	+9.1%	Yes
Raymond James Financial → RJF	United States	$34.3bn	0.060%	+0.018 pp	-0.011 pp	+6.7%	Yes
Interactive Brokers → IBKR	United States	$3.7bn	0.006%	+0.002 pp	+0.006 pp	+34.8%	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.