Universe›Industrials›Construction & Engineering
Observatory · observe first

Construction & Engineering

Construction & Engineering is losing market weight. Lost weight for 3 consecutive months.

Historical time machine
Historical observation
20182026
Reversing downwardConcentrated

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

Universe weight
0.12%
$0.05T
12-month change
-0.02 pp
6-month change
-0.01 pp
3-month change
-0.03 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
All other companies-0.009 pp
Industry total-0.024 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 2020 – Feb 2025 · market weight (%)

0.00.10.120212022202320242025

Relative performance

Industry return versus ACWI · no future data shown

11620429320212022202320242025

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-0.02 pp
Relative strength · 12M-7.2%
Price index return · 12M+6.9%
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
Quanta Services →
PWR
Construction & EngineeringUnited States0.086%-0.015 pp+7.6%0.0
Jacobs Solutions →
J
Construction & EngineeringUnited States0.035%-0.009 pp+5.5%0.0
Underlying monthly industry observations
MonthWeight1M change3M change6M change12M changeRelative return · 12M
Feb 20250.121%-0.018 pp-0.030 pp-0.015 pp-0.024 pp-7.2%
Jan 20250.139%-0.004 pp-0.006 pp+0.042 pp+0.014 pp+22.2%
Dec 20240.143%-0.007 pp+0.003 pp+0.046 pp+0.009 pp+19.1%
Nov 20240.150%+0.005 pp+0.015 pp+0.046 pp+0.024 pp+32.3%
Oct 20240.145%+0.006 pp+0.048 pp-0.007 pp+0.016 pp+21.8%
Sep 20240.140%+0.004 pp+0.043 pp-0.010 pp+0.002 pp+9.7%
Aug 20240.135%+0.039 pp+0.031 pp-0.009 pp-0.006 pp+1.7%
Jul 20240.097%-0.000 pp-0.056 pp-0.029 pp+0.004 pp+9.0%
Jun 20240.097%-0.008 pp-0.052 pp-0.037 pp+0.002 pp+5.8%
May 20240.105%-0.048 pp-0.040 pp-0.022 pp+0.013 pp+19.1%
Apr 20240.152%+0.003 pp+0.027 pp+0.023 pp+0.029 pp+22.8%
Mar 20240.149%+0.005 pp+0.015 pp+0.011 pp+0.025 pp+20.1%
Feb 20240.145%+0.019 pp+0.018 pp+0.003 pp+0.019 pp+14.2%
Jan 20240.126%-0.008 pp-0.004 pp+0.033 pp+0.007 pp+6.2%
Dec 20230.134%+0.007 pp-0.004 pp+0.039 pp+0.015 pp+10.8%
Nov 20230.127%-0.003 pp-0.015 pp+0.035 pp+0.009 pp+4.7%
Oct 20230.130%-0.008 pp+0.037 pp+0.006 pp+0.014 pp+6.0%
Sep 20230.138%-0.004 pp+0.043 pp+0.014 pp+0.022 pp+15.2%
Aug 20230.142%+0.049 pp+0.050 pp+0.016 pp+0.022 pp+16.5%
Jul 20230.092%-0.002 pp-0.031 pp-0.026 pp-0.026 pp+9.3%
Jun 20230.095%+0.003 pp-0.029 pp-0.024 pp-0.028 pp+12.0%
May 20230.092%-0.031 pp-0.034 pp-0.025 pp-0.023 pp+15.5%
Apr 20230.123%-0.001 pp+0.005 pp+0.008 pp+0.010 pp+14.3%
Mar 20230.124%-0.002 pp+0.005 pp+0.007 pp+0.011 pp+17.5%
Feb 20230.126%+0.007 pp+0.008 pp+0.006 pp+0.026 pp+37.0%
Jan 20230.119%-0.000 pp+0.003 pp-0.000 pp+0.023 pp+33.7%
Dec 20220.119%+0.001 pp+0.002 pp-0.004 pp+0.019 pp+30.8%
Nov 20220.118%+0.002 pp-0.002 pp+0.002 pp+0.011 pp+25.5%
Oct 20220.115%-0.001 pp-0.003 pp+0.002 pp+0.008 pp+26.6%
Sep 20220.117%-0.003 pp-0.006 pp+0.004 pp+0.011 pp+24.1%
Aug 20220.119%+0.001 pp+0.004 pp+0.020 pp+0.023 pp+38.2%
Jul 20220.119%-0.004 pp+0.005 pp+0.023 pp+0.025 pp+40.6%
Jun 20220.123%+0.007 pp+0.010 pp+0.023 pp+0.027 pp+37.4%
May 20220.115%+0.002 pp+0.016 pp+0.009 pp+0.013 pp+19.5%
Apr 20220.113%+0.001 pp+0.017 pp+0.006 pp+0.013 pp+19.1%
Mar 20220.113%+0.013 pp+0.013 pp+0.007 pp+0.062 pp+19.5%
Feb 20220.100%+0.004 pp-0.007 pp+0.003 pp+0.052 pp+10.2%
Jan 20220.096%-0.004 pp-0.011 pp+0.003 pp+0.047 pp+21.1%
Dec 20210.100%-0.006 pp-0.006 pp+0.005 pp+0.012 pp+20.4%
Nov 20210.106%-0.001 pp+0.010 pp+0.004 pp+0.017 pp+24.1%
Oct 20210.107%+0.001 pp+0.014 pp+0.006 pp+0.018 pp+24.2%
Sep 20210.106%+0.010 pp+0.010 pp+0.055 pp+0.106 pp+37.5%
Aug 20210.096%+0.003 pp-0.006 pp+0.048 pp+0.096 pp+33.3%
Jul 20210.093%-0.002 pp-0.007 pp+0.044 pp+0.093 pp+38.9%
Jun 20210.095%-0.007 pp+0.044 pp+0.008 pp+0.095 pp+33.3%
May 20210.102%+0.002 pp+0.054 pp+0.013 pp+0.102 pp+42.9%
Apr 20210.101%+0.050 pp+0.051 pp+0.011 pp+0.021 pp+36.6%
Mar 20210.051%+0.003 pp-0.037 pp+0.051 pp+0.051 pp+31.5%
Feb 20210.048%-0.001 pp-0.041 pp+0.048 pp+0.048 pp+22.0%
Jan 20210.049%-0.038 pp-0.040 pp+0.049 pp-0.029 pp+14.6%
Dec 20200.088%-0.002 pp+0.088 pp+0.088 pp+0.010 pp+22.6%
Nov 20200.089%+0.000 pp+0.089 pp+0.089 pp+0.008 pp+17.7%
Oct 20200.089%+0.089 pp+0.089 pp+0.009 pp+0.003 pp+13.5%
Sep 20200.000%+0.000 pp+0.000 pp+0.000 pp-0.084 pp+4.4%
Aug 20200.000%+0.000 pp+0.000 pp+0.000 pp-0.081 pp+1.9%
Jul 20200.000%-0.000 pp-0.080 pp-0.078 pp-0.078 pp-1.9%
Jun 20200.000%-0.000 pp+0.000 pp-0.077 pp-0.081 pp-0.1%
May 20200.000%-0.080 pp+0.000 pp-0.081 pp-0.079 pp+4.5%
Apr 20200.080%+0.080 pp+0.002 pp-0.007 pp-0.003 pp+6.2%
Mar 20200.000%+0.000 pp-0.077 pp-0.084 pp-0.081 pp+10.0%
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.