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
Latest available · not live
20182026
Universe›Financials›Investment Banking & Brokerage›Investment Banking & Brokerage

1 · Sector

Weight and 12M allocation change

Information Technology43.1%+4.93 ppEnergy3.8%+1.55 ppHealth Care10.6%+0.26 ppMaterials1.9%-0.22 ppCommunication Services2.1%-0.27 ppReal Estate1.8%-0.35 ppIndustrials9.1%-0.58 ppUtilities2.1%-0.61 ppConsumer Staples5.4%-0.78 ppConsumer Discretionary10.3%-1.78 ppFinancials9.7%-2.16 pp

2 · Industry

Inside Financials

Diversified Banks3.30%-0.54 ppAsset Management & Custody Banks1.15%-0.30 ppTransaction & Payment Processing Services0.64%-0.26 ppInsurance Brokers0.41%-0.23 ppFinancial Exchanges & Data0.72%-0.23 ppConsumer Finance0.58%-0.21 ppProperty & Casualty Insurance0.83%-0.18 ppInvestment Banking & Brokerage1.28%-0.13 ppLife & Health Insurance0.32%-0.04 ppMulti-line Insurance0.12%-0.03 ppReinsurance0.02%-0.01 ppRegional Banks0.30%-0.00 ppMulti-Sector Holdings0.00%-0.00 pp

3 · Sub-industry

Inside Investment Banking & Brokerage

Investment Banking & Brokerage1.28%-0.134 pp
Concentrated

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

View all contributions →
Investment Banking & Brokerage · weight
1.28%
Industry change · 12M
-0.13 pp
Investment Banking & Brokerage · contribution
-0.134 pp
Company participation
20%
of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

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

CompanyCountryMarket capUniverse weight3M contribution12M contribution12M price returnAbove 6M weight average
Charles Schwab Corporation →
SCHW
United States$169.0bn0.284%+0.005 pp-0.063 pp+3.7%Yes
Goldman Sachs →
GS
United States$262.2bn0.440%-0.078 pp-0.042 pp+15.3%No
Raymond James Financial →
RJF
United States$30.4bn0.051%-0.000 pp-0.018 pp-7.2%No
Morgan Stanley →
MS
United States$295.4bn0.496%-0.077 pp-0.012 pp+21.0%No
Interactive Brokers →
IBKR
United States$3.6bn0.006%-0.000 pp+0.000 pp+24.7%No

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.