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Observatory · observe first

Real Estate Services

Real Estate Services is gaining market weight. Gained weight for 1 consecutive month.

Historical time machine
Historical observation
20182026
Gaining steadilyConcentrated

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

Universe weight
0.19%
$0.06T
12-month change
+0.09 pp
6-month change
-0.01 pp
3-month change
-0.01 pp
Company participation
50%
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-0.019 pp
Industry total+0.087 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

May 2018 – Apr 2023 · market weight (%)

0.00.10.220192020202120222023

Relative performance

Industry return versus ACWI · no future data shown

9212415620192020202120222023

Is participation broad or concentrated?

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

Above their 3M universe-weight average50%
Above their 6M universe-weight average50%
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+0.09 pp
Relative strength · 12M-11.5%
Price index return · 12M-9.1%
Earnings revisions · unavailable0.0
Allocation gained weight while relative performance fell. 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
CoStar Group →
CSGP
Real Estate ServicesUnited States0.106%+0.106 pp+21.0%0.0
CBRE Group →
CBRE
Real Estate ServicesUnited States0.080%-0.019 pp-7.7%0.0
Underlying monthly industry observations
MonthWeight1M change3M change6M change12M changeRelative return · 12M
Apr 20230.187%+0.014 pp-0.014 pp-0.012 pp+0.087 pp-11.5%
Mar 20230.173%-0.021 pp-0.029 pp-0.021 pp+0.070 pp-18.5%
Feb 20230.194%-0.007 pp-0.003 pp+0.103 pp+0.081 pp-14.9%
Jan 20230.201%-0.000 pp+0.002 pp+0.105 pp+0.087 pp-14.4%
Dec 20220.201%+0.004 pp+0.008 pp+0.108 pp+0.085 pp-14.5%
Nov 20220.197%-0.002 pp+0.106 pp+0.100 pp+0.089 pp-7.1%
Oct 20220.199%+0.005 pp+0.103 pp+0.099 pp+0.083 pp-8.8%
Sep 20220.194%+0.103 pp+0.100 pp+0.091 pp+0.079 pp-12.7%
Aug 20220.091%-0.005 pp-0.007 pp-0.022 pp-0.017 pp-2.3%
Jul 20220.096%+0.003 pp-0.004 pp-0.018 pp-0.015 pp-1.1%
Jun 20220.094%-0.004 pp-0.009 pp-0.023 pp-0.008 pp+1.6%
May 20220.098%-0.002 pp-0.015 pp-0.011 pp-0.008 pp+1.3%
Apr 20220.100%-0.003 pp-0.014 pp-0.017 pp-0.004 pp+3.6%
Mar 20220.102%-0.010 pp-0.014 pp-0.012 pp+0.050 pp+8.4%
Feb 20220.112%-0.002 pp+0.004 pp+0.004 pp+0.062 pp+18.7%
Jan 20220.114%-0.002 pp-0.002 pp+0.003 pp+0.065 pp+46.3%
Dec 20210.116%+0.008 pp+0.002 pp+0.015 pp+0.031 pp+45.8%
Nov 20210.108%-0.008 pp-0.000 pp+0.003 pp+0.021 pp+30.7%
Oct 20210.116%+0.002 pp+0.005 pp+0.013 pp+0.036 pp+51.0%
Sep 20210.115%+0.007 pp+0.013 pp+0.063 pp+0.115 pp+63.3%
Aug 20210.108%-0.003 pp+0.003 pp+0.057 pp+0.108 pp+59.2%
Jul 20210.111%+0.009 pp+0.007 pp+0.062 pp+0.111 pp+65.0%
Jun 20210.102%-0.004 pp+0.050 pp+0.016 pp+0.102 pp+36.1%
May 20210.106%+0.002 pp+0.055 pp+0.018 pp+0.105 pp+40.9%
Apr 20210.104%+0.052 pp+0.055 pp+0.024 pp+0.023 pp+35.3%
Mar 20210.052%+0.001 pp-0.033 pp+0.052 pp+0.052 pp+35.7%
Feb 20210.051%+0.002 pp-0.036 pp+0.051 pp+0.051 pp+3.7%
Jan 20210.049%-0.036 pp-0.031 pp+0.049 pp-0.052 pp-15.1%
Dec 20200.085%-0.002 pp+0.085 pp+0.085 pp-0.016 pp-12.0%
Nov 20200.087%+0.007 pp+0.087 pp+0.087 pp-0.009 pp-6.7%
Oct 20200.080%+0.080 pp+0.080 pp-0.000 pp-0.014 pp-10.6%
Sep 20200.000%-0.000 pp-0.000 pp+0.000 pp-0.095 pp-19.9%
Aug 20200.000%+0.000 pp-0.000 pp+0.000 pp-0.096 pp-22.8%
Jul 20200.000%-0.000 pp-0.080 pp-0.101 pp-0.095 pp-23.1%
Jun 20200.000%-0.000 pp+0.000 pp-0.101 pp-0.093 pp-13.6%
May 20200.000%-0.080 pp+0.000 pp-0.096 pp-0.089 pp-8.9%
Apr 20200.080%+0.080 pp-0.020 pp-0.013 pp-0.017 pp-12.6%
Mar 20200.000%-0.000 pp-0.101 pp-0.095 pp-0.095 pp-14.2%
Feb 20200.000%-0.101 pp-0.096 pp-0.096 pp-0.098 pp+8.2%
Jan 20200.101%+0.000 pp+0.007 pp+0.006 pp+0.049 pp+15.6%
Dec 20190.101%+0.004 pp+0.006 pp+0.008 pp+0.052 pp+20.9%
Nov 20190.096%+0.002 pp+0.001 pp+0.007 pp+0.047 pp+15.0%
Oct 20190.094%-0.001 pp-0.001 pp-0.004 pp+0.047 pp+17.9%
Sep 20190.095%-0.001 pp+0.002 pp-0.001 pp+0.047 pp+18.4%
Aug 20190.096%+0.001 pp+0.006 pp-0.003 pp+0.042 pp+7.2%
Jul 20190.095%+0.002 pp-0.003 pp+0.043 pp-0.004 pp+3.4%
Jun 20190.093%+0.004 pp-0.002 pp+0.044 pp-0.005 pp+1.4%
May 20190.089%-0.008 pp-0.009 pp+0.040 pp-0.006 pp-0.0%
Apr 20190.097%+0.002 pp+0.046 pp+0.051 pp+0.003 pp+8.6%
Mar 20190.095%-0.003 pp+0.047 pp+0.048 pp-0.003 pp+1.9%
Feb 20190.098%+0.047 pp+0.049 pp+0.045 pp+0.003 pp+6.8%
Jan 20190.051%+0.003 pp+0.005 pp-0.047 pp-0.037 pp+7.8%
Dec 20180.049%-0.001 pp+0.001 pp-0.050 pp-0.040 pp+1.9%
Nov 20180.049%+0.003 pp-0.004 pp-0.046 pp-0.039 pp+3.2%
Oct 20180.046%-0.001 pp-0.052 pp-0.048 pp-0.042 pp-3.3%
Sep 20180.048%-0.006 pp-0.051 pp-0.051 pp-0.041 pp-2.0%
Aug 20180.054%-0.045 pp-0.042 pp-0.042 pp-0.035 pp+9.1%
Jul 20180.099%+0.000 pp+0.004 pp+0.010 pp+0.010 pp+12.1%
Jun 20180.098%+0.003 pp+0.000 pp+0.010 pp+0.010 pp+10.7%
May 20180.095%+0.001 pp+0.000 pp+0.007 pp+0.007 pp+6.5%
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.