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

Wireless Telecommunication Services

Wireless Telecommunication Services is gaining market weight. Gained weight for 1 consecutive month.

Historical time machine
Historical observation
20182026
Reversing upwardConcentrated

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

Universe weight
0.56%
$0.23T
12-month change
+0.05 pp
6-month change
+0.00 pp
3-month change
+0.17 pp
Company participation
100%
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
All other companies+0.000 pp
Industry total+0.049 pp

The three largest same-direction contributors explain 100% of gross gains. 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

Sep 2019 – Aug 2024 · market weight (%)

0.00.40.720202021202220232024

Relative performance

Industry return versus ACWI · no future data shown

9312515820202021202220232024

Is participation broad or concentrated?

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

Above their 3M universe-weight average100%
Above their 6M universe-weight average100%
Above their 12M universe-weight average100%
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+0.05 pp
Relative strength · 12M+20.0%
Price index return · 12M+48.1%
Earnings revisions · unavailable0.0
Allocation gained weight while relative performance rose. At least 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
T-Mobile US →
TMUS
Wireless Telecommunication ServicesUnited States0.560%+0.049 pp+48.1%0.0
Underlying monthly industry observations
MonthWeight1M change3M change6M change12M changeRelative return · 12M
Aug 20240.560%+0.179 pp+0.168 pp+0.005 pp+0.049 pp+20.0%
Jul 20240.381%-0.006 pp-0.176 pp-0.173 pp+0.028 pp+14.6%
Jun 20240.387%-0.005 pp-0.150 pp-0.166 pp+0.002 pp+7.7%
May 20240.392%-0.165 pp-0.163 pp-0.151 pp-0.015 pp+4.4%
Apr 20240.557%+0.020 pp+0.003 pp-0.008 pp-0.026 pp-1.7%
Mar 20240.537%-0.018 pp-0.016 pp-0.013 pp-0.065 pp-7.8%
Feb 20240.555%+0.001 pp+0.013 pp+0.045 pp-0.054 pp-6.1%
Jan 20240.554%+0.001 pp-0.011 pp+0.201 pp-0.081 pp-4.9%
Dec 20230.553%+0.011 pp+0.003 pp+0.167 pp-0.076 pp-5.9%
Nov 20230.542%-0.023 pp+0.032 pp+0.136 pp-0.097 pp-10.3%
Oct 20230.566%+0.015 pp+0.212 pp-0.018 pp-0.104 pp-14.3%
Sep 20230.550%+0.039 pp+0.165 pp-0.052 pp-0.111 pp-13.6%
Aug 20230.511%+0.158 pp+0.104 pp-0.099 pp-0.135 pp-17.2%
Jul 20230.353%-0.032 pp-0.230 pp-0.282 pp-0.263 pp-14.5%
Jun 20230.385%-0.021 pp-0.217 pp-0.243 pp-0.270 pp-11.3%
May 20230.407%-0.176 pp-0.203 pp-0.233 pp-0.195 pp+1.8%
Apr 20230.583%-0.019 pp-0.053 pp-0.086 pp+0.027 pp+13.8%
Mar 20230.603%-0.007 pp-0.026 pp-0.059 pp+0.063 pp+21.4%
Feb 20230.609%-0.026 pp-0.030 pp-0.037 pp+0.076 pp+25.9%
Jan 20230.636%+0.007 pp-0.033 pp+0.019 pp+0.181 pp+50.2%
Dec 20220.629%-0.011 pp-0.033 pp-0.027 pp+0.164 pp+47.9%
Nov 20220.640%-0.030 pp-0.007 pp+0.038 pp+0.180 pp+56.6%
Oct 20220.669%+0.008 pp+0.053 pp+0.113 pp+0.190 pp+64.4%
Sep 20220.661%+0.015 pp+0.005 pp+0.122 pp+0.101 pp+32.2%
Aug 20220.646%+0.030 pp+0.044 pp+0.112 pp+0.074 pp+25.1%
Jul 20220.617%-0.039 pp+0.060 pp+0.162 pp+0.001 pp+10.7%
Jun 20220.656%+0.054 pp+0.116 pp+0.192 pp+0.018 pp+9.9%
May 20220.602%+0.046 pp+0.068 pp+0.143 pp-0.030 pp+1.1%
Apr 20220.556%+0.017 pp+0.102 pp+0.077 pp-0.039 pp-1.0%
Mar 20220.540%+0.006 pp+0.076 pp-0.020 pp+0.235 pp-4.0%
Feb 20220.534%+0.080 pp+0.075 pp-0.038 pp+0.236 pp-4.6%
Jan 20220.454%-0.010 pp-0.025 pp-0.161 pp+0.080 pp-24.5%
Dec 20210.464%+0.005 pp-0.096 pp-0.173 pp-0.213 pp-27.5%
Nov 20210.459%-0.020 pp-0.113 pp-0.173 pp-0.242 pp-31.6%
Oct 20210.479%-0.080 pp-0.136 pp-0.116 pp-0.163 pp-23.3%
Sep 20210.560%-0.012 pp-0.078 pp+0.255 pp+0.559 pp-12.0%
Aug 20210.572%-0.044 pp-0.060 pp+0.274 pp+0.571 pp-8.7%
Jul 20210.616%-0.022 pp+0.021 pp+0.241 pp+0.615 pp+0.5%
Jun 20210.638%+0.006 pp+0.333 pp-0.040 pp+0.637 pp-0.2%
May 20210.632%+0.037 pp+0.334 pp-0.069 pp+0.631 pp-0.2%
Apr 20210.595%+0.291 pp+0.220 pp-0.047 pp+0.174 pp+2.6%
Mar 20210.304%+0.007 pp-0.373 pp+0.304 pp+0.304 pp-3.4%
Feb 20210.298%-0.077 pp-0.403 pp+0.297 pp+0.298 pp+2.3%
Jan 20210.375%-0.303 pp-0.267 pp+0.374 pp+0.041 pp+35.3%
Dec 20200.677%-0.023 pp+0.677 pp+0.677 pp+0.348 pp+47.8%
Nov 20200.701%+0.059 pp+0.700 pp+0.700 pp+0.362 pp+47.2%
Oct 20200.642%+0.641 pp+0.641 pp+0.221 pp+0.274 pp+25.9%
Sep 20200.001%-0.000 pp+0.000 pp+0.000 pp-0.357 pp+31.3%
Aug 20200.001%+0.000 pp+0.000 pp+0.000 pp-0.362 pp+28.3%
Jul 20200.001%-0.000 pp-0.420 pp-0.334 pp-0.362 pp+25.3%
Jun 20200.001%+0.000 pp+0.000 pp-0.328 pp+0.001 pp+28.0%
May 20200.001%-0.420 pp+0.000 pp-0.338 pp+0.001 pp+18.8%
Apr 20200.421%+0.421 pp+0.087 pp+0.052 pp+0.421 pp+16.7%
Mar 20200.000%+0.000 pp-0.329 pp-0.357 pp+0.000 pp+18.4%
Feb 20200.000%-0.334 pp-0.338 pp-0.362 pp+0.000 pp+8.5%
Jan 20200.334%+0.005 pp-0.034 pp-0.028 pp+0.334 pp-14.0%
Dec 20190.329%-0.009 pp-0.028 pp+0.329 pp+0.329 pp-22.3%
Nov 20190.339%-0.030 pp-0.024 pp+0.339 pp+0.339 pp-13.2%
Oct 20190.369%+0.011 pp+0.006 pp+0.369 pp+0.369 pp-8.0%
Sep 20190.357%-0.005 pp+0.357 pp+0.357 pp+0.357 pp-2.7%
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.