Asset Management & Custody Banks
Asset Management & Custody Banks is gaining market weight. Lost weight for 3 consecutive months.
Most of this industry's gains came from a few companies.
Where did the weight change come from?
12-month contribution in universe percentage points · contributions add to the industry change
The three largest same-direction contributors explain 99% 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
Nov 2020 – Oct 2025 · market weight (%)
Relative performance
Industry return versus ACWI · no future data shown
Is participation broad or concentrated?
Actual constituent counts at this date, not the legacy synthetic breadth proxy
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
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
| Company | Sub-industry | Country | Universe weight | 12M contribution | 12M price return | Revisions |
|---|---|---|---|---|---|---|
| BlackRock → BLK | Asset Management & Custody Banks | United States | 0.329% | +0.329 pp | +12.6% | 0.0 |
| Apollo Global Management → APO | Asset Management & Custody Banks | United States | 0.139% | +0.139 pp | -12.1% | 0.0 |
| KKR & Co. → KKR | Asset Management & Custody Banks | United States | 0.207% | -0.082 pp | -13.9% | 0.0 |
| Blackstone Inc. → BX | Asset Management & Custody Banks | United States | 0.212% | -0.072 pp | -10.7% | 0.0 |
| Ameriprise Financial → AMP | Asset Management & Custody Banks | United States | 0.082% | -0.035 pp | -10.2% | 0.0 |
| BNY Mellon → BNY | Asset Management & Custody Banks | United States | 0.147% | +0.017 pp | +46.4% | 0.0 |
| T. Rowe Price → TROW | Asset Management & Custody Banks | United States | 0.044% | -0.014 pp | -1.9% | 0.0 |
| Franklin Resources → BEN | Asset Management & Custody Banks | United States | 0.023% | -0.003 pp | +15.6% | 0.0 |
| Invesco → IVZ | Asset Management & Custody Banks | United States | 0.021% | +0.002 pp | +43.1% | 0.0 |
| Northern Trust → NTRS | Asset Management & Custody Banks | United States | 0.048% | +0.001 pp | +31.6% | 0.0 |
| State Street Corporation → STT | Asset Management & Custody Banks | United States | 0.063% | -0.001 pp | +28.5% | 0.0 |
Underlying monthly industry observations
| Month | Weight | 1M change | 3M change | 6M change | 12M change | Relative return · 12M |
|---|---|---|---|---|---|---|
| Oct 2025 | 1.315% | -0.137 pp | -0.233 pp | -0.126 pp | +0.282 pp | -15.8% |
| Sep 2025 | 1.452% | -0.063 pp | -0.021 pp | -0.017 pp | +0.491 pp | +1.2% |
| Aug 2025 | 1.515% | -0.033 pp | +0.077 pp | -0.012 pp | +0.565 pp | +8.5% |
| Jul 2025 | 1.548% | +0.075 pp | +0.108 pp | -0.127 pp | +0.846 pp | +9.7% |
| Jun 2025 | 1.473% | +0.035 pp | +0.004 pp | -0.133 pp | +0.812 pp | +12.9% |
| May 2025 | 1.438% | -0.002 pp | -0.089 pp | -0.007 pp | +0.941 pp | +7.6% |
| Apr 2025 | 1.440% | -0.029 pp | -0.234 pp | +0.407 pp | +0.719 pp | +7.5% |
| Mar 2025 | 1.469% | -0.057 pp | -0.137 pp | +0.509 pp | +0.714 pp | +5.8% |
| Feb 2025 | 1.526% | -0.148 pp | +0.081 pp | +0.576 pp | +0.780 pp | +13.9% |
| Jan 2025 | 1.675% | +0.068 pp | +0.642 pp | +0.973 pp | +0.917 pp | +23.3% |
| Dec 2024 | 1.606% | +0.161 pp | +0.646 pp | +0.945 pp | +0.832 pp | +16.8% |
| Nov 2024 | 1.445% | +0.412 pp | +0.495 pp | +0.948 pp | +0.719 pp | +29.0% |
| Oct 2024 | 1.033% | +0.072 pp | +0.331 pp | +0.312 pp | +0.346 pp | +26.0% |
| Sep 2024 | 0.960% | +0.011 pp | +0.299 pp | +0.205 pp | +0.222 pp | +8.9% |
| Aug 2024 | 0.950% | +0.248 pp | +0.453 pp | +0.204 pp | +0.463 pp | +5.5% |
| Jul 2024 | 0.702% | +0.040 pp | -0.019 pp | -0.056 pp | +0.349 pp | +5.4% |
| Jun 2024 | 0.661% | +0.165 pp | -0.094 pp | -0.113 pp | +0.301 pp | -2.7% |
| May 2024 | 0.497% | -0.224 pp | -0.249 pp | -0.229 pp | +0.143 pp | +2.6% |
| Apr 2024 | 0.721% | -0.035 pp | -0.037 pp | +0.034 pp | +0.203 pp | -2.6% |
| Mar 2024 | 0.755% | +0.010 pp | -0.019 pp | +0.017 pp | +0.211 pp | -2.5% |
| Feb 2024 | 0.746% | -0.012 pp | +0.020 pp | +0.259 pp | +0.129 pp | -15.1% |
| Jan 2024 | 0.758% | -0.017 pp | +0.071 pp | +0.405 pp | +0.135 pp | -12.8% |
| Dec 2023 | 0.774% | +0.049 pp | +0.036 pp | +0.414 pp | +0.188 pp | -7.0% |
| Nov 2023 | 0.726% | +0.039 pp | +0.238 pp | +0.372 pp | +0.145 pp | -12.8% |
| Oct 2023 | 0.687% | -0.052 pp | +0.334 pp | +0.169 pp | +0.138 pp | -15.9% |
| Sep 2023 | 0.738% | +0.251 pp | +0.378 pp | +0.194 pp | +0.191 pp | -6.7% |
| Aug 2023 | 0.487% | +0.135 pp | +0.133 pp | -0.129 pp | -0.068 pp | -6.7% |
| Jul 2023 | 0.352% | -0.008 pp | -0.165 pp | -0.270 pp | -0.202 pp | -4.1% |
| Jun 2023 | 0.361% | +0.007 pp | -0.184 pp | -0.226 pp | -0.213 pp | -2.8% |
| May 2023 | 0.354% | -0.164 pp | -0.263 pp | -0.227 pp | -0.255 pp | -10.4% |
| Apr 2023 | 0.518% | -0.027 pp | -0.105 pp | -0.031 pp | -0.053 pp | +0.6% |
| Mar 2023 | 0.544% | -0.072 pp | -0.042 pp | -0.003 pp | -0.090 pp | -3.5% |
| Feb 2023 | 0.617% | -0.006 pp | +0.036 pp | +0.062 pp | -0.038 pp | +7.4% |
| Jan 2023 | 0.623% | +0.036 pp | +0.074 pp | +0.068 pp | -0.060 pp | +2.2% |
| Dec 2022 | 0.587% | +0.006 pp | +0.040 pp | +0.014 pp | -0.093 pp | -1.6% |
| Nov 2022 | 0.581% | +0.032 pp | +0.026 pp | -0.029 pp | -0.114 pp | -2.0% |
| Oct 2022 | 0.549% | +0.001 pp | -0.006 pp | -0.022 pp | -0.197 pp | -8.8% |
| Sep 2022 | 0.547% | -0.008 pp | -0.026 pp | -0.087 pp | -0.145 pp | -6.9% |
| Aug 2022 | 0.555% | +0.001 pp | -0.054 pp | -0.099 pp | -0.161 pp | -9.9% |
| Jul 2022 | 0.554% | -0.019 pp | -0.017 pp | -0.128 pp | -0.134 pp | -6.2% |
| Jun 2022 | 0.573% | -0.036 pp | -0.061 pp | -0.107 pp | -0.132 pp | -8.6% |
| May 2022 | 0.609% | +0.038 pp | -0.045 pp | -0.086 pp | -0.125 pp | -7.1% |
| Apr 2022 | 0.571% | -0.063 pp | -0.112 pp | -0.175 pp | -0.136 pp | -9.7% |
| Mar 2022 | 0.634% | -0.020 pp | -0.046 pp | -0.058 pp | +0.271 pp | -0.0% |
| Feb 2022 | 0.654% | -0.029 pp | -0.041 pp | -0.062 pp | +0.317 pp | +9.1% |
| Jan 2022 | 0.683% | +0.003 pp | -0.063 pp | -0.006 pp | +0.299 pp | +17.1% |
| Dec 2021 | 0.680% | -0.015 pp | -0.012 pp | -0.026 pp | +0.030 pp | +16.9% |
| Nov 2021 | 0.695% | -0.051 pp | -0.021 pp | -0.039 pp | +0.050 pp | +19.0% |
| Oct 2021 | 0.746% | +0.054 pp | +0.058 pp | +0.039 pp | +0.127 pp | +29.6% |
| Sep 2021 | 0.692% | -0.024 pp | -0.013 pp | +0.329 pp | +0.691 pp | +24.6% |
| Aug 2021 | 0.716% | +0.028 pp | -0.018 pp | +0.379 pp | +0.715 pp | +25.3% |
| Jul 2021 | 0.688% | -0.017 pp | -0.019 pp | +0.305 pp | +0.688 pp | +15.9% |
| Jun 2021 | 0.705% | -0.029 pp | +0.342 pp | +0.056 pp | +0.704 pp | +11.1% |
| May 2021 | 0.734% | +0.027 pp | +0.397 pp | +0.090 pp | +0.734 pp | +17.4% |
| Apr 2021 | 0.707% | +0.344 pp | +0.324 pp | +0.088 pp | +0.003 pp | +10.3% |
| Mar 2021 | 0.363% | +0.026 pp | -0.286 pp | +0.363 pp | +0.363 pp | +12.1% |
| Feb 2021 | 0.337% | -0.046 pp | -0.307 pp | +0.337 pp | +0.337 pp | -2.8% |
| Jan 2021 | 0.383% | -0.266 pp | -0.236 pp | +0.383 pp | -0.416 pp | -10.3% |
| Dec 2020 | 0.650% | +0.005 pp | +0.649 pp | +0.649 pp | -0.176 pp | -12.3% |
| Nov 2020 | 0.645% | +0.025 pp | +0.644 pp | +0.644 pp | -0.194 pp | -15.2% |
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.