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 Technology40.9%+4.04 ppEnergy3.9%+1.55 ppHealth Care10.6%+0.01 ppCommunication Services2.3%-0.19 ppMaterials2.0%-0.23 ppReal Estate1.9%-0.31 ppIndustrials9.3%-0.48 ppUtilities2.2%-0.48 ppConsumer Staples5.5%-0.92 ppConsumer Discretionary10.8%-1.27 ppFinancials10.5%-1.72 pp

2 · Industry

Inside Health Care

Health Care Equipment1.61%-0.81 ppPharmaceuticals4.07%+0.65 ppBiotechnology1.99%+0.19 ppHealth Care Technology0.10%+0.08 ppHealth Care Facilities0.15%-0.04 ppHealth Care Services0.43%-0.04 ppLife Sciences Tools & Services0.93%-0.03 ppManaged Health Care0.85%+0.02 ppHealth Care Supplies0.08%-0.00 ppHealth Care Distributors0.38%-0.00 pp

3 · Sub-industry

Inside Health Care Technology

Health Care Technology0.10%+0.077 pp
Concentrated

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

View all contributions →
Health Care Technology · weight
0.10%
Industry change · 12M
+0.08 pp
Health Care Technology · contribution
+0.077 pp
Company participation
100%
of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

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

CompanyCountryMarket capUniverse weight3M contribution12M contribution12M price returnAbove 6M weight average
Veeva Systems →
VEEV
United States$46.3bn0.077%+0.028 pp+0.077 pp+6.1%Yes
Solventum →
SOLV
United States$15.5bn0.026%+0.003 pp-0.000 pp+24.6%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.