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
1 · Sector
Weight and 12M allocation change
2 · Industry
Inside Information Technology
Semiconductors17.20%+2.80 ppTechnology Hardware, Storage & Peripherals9.09%+2.20 ppSystems Software7.02%-1.93 ppApplication Software1.80%-1.89 ppSemiconductor Materials & Equipment1.53%+0.91 ppCommunications Equipment1.55%+0.46 ppIT Consulting & Other Services0.62%-0.37 ppElectronic Components0.47%+0.22 ppElectronic Manufacturing Services0.23%+0.06 ppElectronic Equipment & Instruments0.24%-0.03 ppInternet Services & Infrastructure0.09%-0.03 ppTechnology Distributors0.03%-0.02 pp
3 · Sub-industry
Inside Application Software
Application Software · weight
1.80%
Industry change · 12M
-1.89 pp
Application Software · contribution
-1.893 pp
Company participation
67%
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 |
|---|---|---|---|---|---|---|---|
| Oracle Corporation → ORCL | United States | $374.1bn | 0.653% | +0.023 pp | -0.850 pp | -48.2% | No |
| Intuit → INTU | United States | $86.5bn | 0.151% | +0.005 pp | -0.311 pp | -59.3% | No |
| Salesforce → CRM | United States | $150.7bn | 0.263% | +0.042 pp | -0.258 pp | -28.2% | Yes |
| Adobe Inc. → ADBE | United States | $99.5bn | 0.174% | +0.039 pp | -0.146 pp | -30.0% | Yes |
| Synopsys → SNPS | United States | $74.4bn | 0.130% | +0.005 pp | -0.077 pp | -38.6% | No |
| Autodesk → ADSK | United States | $49.4bn | 0.086% | +0.018 pp | -0.051 pp | -22.7% | Yes |
| Cadence Design Systems → CDNS | United States | $93.8bn | 0.164% | +0.042 pp | -0.046 pp | -6.7% | Yes |
| Workday, Inc. → WDAY | United States | $35.3bn | 0.062% | +0.025 pp | -0.045 pp | -30.1% | Yes |
| Tyler Technologies → TYL | United States | $12.7bn | 0.022% | +0.003 pp | -0.031 pp | -47.0% | Yes |
| Fair Isaac → FICO | United States | $24.3bn | 0.042% | +0.010 pp | -0.030 pp | -21.8% | No |
| PTC Inc. → PTC | United States | $14.9bn | 0.026% | +0.004 pp | -0.028 pp | -36.1% | Yes |
| Trimble Inc. → TRMB | United States | $13.2bn | 0.023% | +0.002 pp | -0.019 pp | -32.6% | 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.