Universe›Communication Services›Integrated Telecommunication Services
Observatory · observe first

Integrated Telecommunication Services

Integrated Telecommunication Services is losing market weight. Lost weight for 1 consecutive month.

Historical time machine
Historical observation
20182026
Declining fasterConcentrated

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

Universe weight
0.56%
$0.41T
12-month change
-0.29 pp
6-month change
-0.26 pp
3-month change
-0.14 pp
Company participation
0%
above their 6M weight average

Where did the weight change come from?

12-month contribution in universe percentage points · contributions add to the industry change

Company attribution
AT&T →-0.171 pp
All other companies-0.115 pp
Industry total-0.286 pp

The three largest same-direction contributors explain 100% of gross losses. Opposing contributions can make an individual company’s change larger than the industry’s net change.

How has it moved through history?

Share of matched S&P 500 members

Mar 2021 – Feb 2026 · market weight (%)

0.61.01.420222023202420252026

Relative performance

Industry return versus ACWI · no future data shown

57749120222023202420252026

Is participation broad or concentrated?

Actual constituent counts at this date, not the legacy synthetic breadth proxy

Above their 3M universe-weight average0%
Above their 6M universe-weight average0%
Above their 12M universe-weight average0%
Top 5 share of current industry market cap100.0%

This is size concentration, not contribution to the 12-month change. The attribution above measures the latter.

Evidence can disagree

Independent dimensions · no combined score or bullish/bearish verdict

Allocation · 12M-0.29 pp
Relative strength · 12M-7.2%
Price index return · 12M+15.1%
Earnings revisions · unavailable0.0
Allocation lost weight while relative performance fell. Fewer than half of constituents are above their 6M weight average. These observations need not agree.
Other evidence and availability

Valuation data: unavailable; shown as zero placeholder.

Attention data: unavailable; shown as zero placeholder.

Actual fund flows: unavailable. No ETF, mutual-fund or institutional flow feed is connected.

Volume / turnover: unavailable in this dataset.

Follow the contribution to individual companies

Sorted by absolute 12-month weight contribution, not investment merit

CompanySub-industryCountryUniverse weight12M contribution12M price returnRevisions
AT&T →
T
Integrated Telecommunication ServicesUnited States0.269%-0.171 pp+6.7%0.0
Verizon →
VZ
Integrated Telecommunication ServicesUnited States0.290%-0.115 pp+24.3%0.0
Underlying monthly industry observations
MonthWeight1M change3M change6M change12M changeRelative return · 12M
Feb 20260.559%-0.155 pp-0.143 pp-0.261 pp-0.286 pp-7.2%
Jan 20260.715%+0.033 pp+0.043 pp-0.079 pp-0.033 pp-3.3%
Dec 20250.681%-0.022 pp-0.094 pp-0.161 pp-0.071 pp-9.0%
Nov 20250.703%+0.031 pp-0.118 pp-0.170 pp-0.076 pp-8.8%
Oct 20250.672%-0.103 pp-0.122 pp-0.253 pp-0.125 pp-12.5%
Sep 20250.775%-0.046 pp-0.067 pp-0.160 pp-0.032 pp+0.5%
Aug 20250.821%+0.027 pp-0.052 pp-0.025 pp+0.051 pp+13.3%
Jul 20250.793%-0.049 pp-0.131 pp+0.046 pp+0.240 pp+11.4%
Jun 20250.842%-0.031 pp-0.093 pp+0.090 pp+0.260 pp+14.3%
May 20250.873%-0.051 pp+0.027 pp+0.095 pp+0.292 pp+18.4%
Apr 20250.925%-0.011 pp+0.177 pp+0.128 pp+0.093 pp+26.4%
Mar 20250.935%+0.090 pp+0.183 pp+0.128 pp+0.097 pp+28.5%
Feb 20250.846%+0.098 pp+0.067 pp+0.076 pp+0.017 pp+20.3%
Jan 20250.747%-0.005 pp-0.050 pp+0.194 pp-0.158 pp-3.1%
Dec 20240.752%-0.026 pp-0.055 pp+0.170 pp-0.078 pp+7.7%
Nov 20240.779%-0.018 pp+0.009 pp+0.198 pp-0.093 pp+6.0%
Oct 20240.797%-0.010 pp+0.244 pp-0.034 pp-0.080 pp+5.5%
Sep 20240.807%+0.038 pp+0.225 pp-0.031 pp-0.006 pp+15.5%
Aug 20240.770%+0.217 pp+0.189 pp-0.059 pp-0.036 pp+9.1%
Jul 20240.553%-0.029 pp-0.278 pp-0.352 pp+0.015 pp+14.2%
Jun 20240.582%+0.001 pp-0.256 pp-0.248 pp-0.043 pp+3.2%
May 20240.581%-0.250 pp-0.248 pp-0.291 pp-0.067 pp+0.4%
Apr 20240.831%-0.007 pp-0.074 pp-0.045 pp-0.146 pp-9.2%
Mar 20240.838%+0.009 pp+0.008 pp+0.025 pp-0.187 pp-12.6%
Feb 20240.829%-0.076 pp-0.043 pp+0.024 pp-0.218 pp-15.7%
Jan 20240.905%+0.075 pp+0.029 pp+0.367 pp-0.189 pp-10.6%
Dec 20230.830%-0.041 pp+0.017 pp+0.205 pp-0.240 pp-18.0%
Nov 20230.872%-0.005 pp+0.066 pp+0.224 pp-0.150 pp-10.8%
Oct 20230.876%+0.063 pp+0.338 pp-0.100 pp-0.141 pp-13.3%
Sep 20230.814%+0.008 pp+0.188 pp-0.212 pp-0.243 pp-20.1%
Aug 20230.806%+0.267 pp+0.158 pp-0.241 pp-0.270 pp-21.7%
Jul 20230.539%-0.087 pp-0.438 pp-0.556 pp-0.590 pp-28.7%
Jun 20230.625%-0.023 pp-0.400 pp-0.445 pp-0.787 pp-32.1%
May 20230.648%-0.329 pp-0.399 pp-0.374 pp-0.677 pp-25.1%
Apr 20230.977%-0.049 pp-0.117 pp-0.041 pp-0.213 pp-9.1%
Mar 20231.026%-0.021 pp-0.045 pp-0.031 pp-0.123 pp+0.5%
Feb 20231.047%-0.047 pp+0.025 pp-0.029 pp-0.178 pp-2.5%
Jan 20231.094%+0.024 pp+0.076 pp-0.034 pp-0.109 pp+2.1%
Dec 20221.071%+0.049 pp+0.014 pp-0.342 pp-0.044 pp+10.1%
Nov 20221.022%+0.004 pp-0.054 pp-0.303 pp-0.097 pp+7.8%
Oct 20221.018%-0.038 pp-0.111 pp-0.172 pp-0.170 pp+6.1%
Sep 20221.056%-0.020 pp-0.356 pp-0.093 pp-0.240 pp-3.4%
Aug 20221.076%-0.053 pp-0.249 pp-0.149 pp-0.180 pp+0.4%
Jul 20221.129%-0.284 pp-0.061 pp-0.075 pp-0.182 pp+0.7%
Jun 20221.412%+0.088 pp+0.264 pp+0.298 pp+0.046 pp+17.1%
May 20221.325%+0.134 pp+0.100 pp+0.205 pp-0.082 pp+6.1%
Apr 20221.190%+0.041 pp-0.014 pp+0.002 pp-0.290 pp-9.6%
Mar 20221.149%-0.076 pp+0.035 pp-0.148 pp+0.359 pp-16.1%
Feb 20221.225%+0.021 pp+0.106 pp-0.031 pp+0.467 pp-8.4%
Jan 20221.204%+0.090 pp+0.016 pp-0.107 pp+0.292 pp-11.6%
Dec 20211.114%-0.005 pp-0.182 pp-0.253 pp-0.496 pp-21.5%
Nov 20211.119%-0.069 pp-0.137 pp-0.287 pp-0.600 pp-27.1%
Oct 20211.188%-0.109 pp-0.123 pp-0.292 pp-0.617 pp-27.3%
Sep 20211.296%+0.041 pp-0.070 pp+0.507 pp+1.294 pp-22.5%
Aug 20211.256%-0.055 pp-0.150 pp+0.498 pp+1.254 pp-23.4%
Jul 20211.311%-0.056 pp-0.170 pp+0.399 pp+1.309 pp-23.2%
Jun 20211.367%-0.040 pp+0.577 pp-0.244 pp+1.365 pp-24.3%
May 20211.406%-0.074 pp+0.649 pp-0.312 pp+1.404 pp-26.9%
Apr 20211.480%+0.691 pp+0.569 pp-0.325 pp-0.774 pp-26.2%
Mar 20210.789%+0.032 pp-0.821 pp+0.787 pp+0.787 pp-26.6%
How are these descriptive states defined?

Gaining / losing: 12-month weight change above +0.005pp / below −0.005pp. Direction and speed are separate dimensions, not mutually exclusive recommendations.

Accelerating / slowing: compare the most recent 3M change with the preceding 3M change. Accelerating means a positive change speeds up by >0.02pp. Slowing means the magnitude of movement declines by >0.02pp. A falling industry can also slow.

Reversing: the last two 3M changes have opposite signs, outside a ±0.005pp tolerance. Persistence counts consecutive same-direction monthly changes.

Broad / concentrated: company attribution, not a market-cap concentration shortcut. Concentrated means the three largest same-direction contributors account for ≥70% of gross same-direction changes; otherwise broad requires ≥60% of constituents moving with the industry. Other cases are mixed.

Weights use matched S&P 500 members’ market-cap estimates, based on SEC-reported shares available by each month-end and monthly closing prices. Companies without a matched price or share record are omitted, so the denominator is the matched sample rather than every index member. These are not official float-adjusted S&P weights. Flow is not measured.