Technology Hardware, Storage & Peripherals
Technology Hardware, Storage & Peripherals is losing market weight. Gained weight for 4 consecutive months.
Most of this industry's losses 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 85% 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
May 2018 – Apr 2023 · 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 |
|---|---|---|---|---|---|---|
| Apple Inc. → AAPL | Technology Hardware, Storage & Peripherals | United States | 9.067% | -0.159 pp | +8.3% | 0.0 |
| HP Inc. → HPQ | Technology Hardware, Storage & Peripherals | United States | 0.099% | -0.042 pp | -16.1% | 0.0 |
| Seagate Technology → STX | Technology Hardware, Storage & Peripherals | United States | 0.041% | -0.023 pp | -25.0% | 0.0 |
| Western Digital → WDC | Technology Hardware, Storage & Peripherals | United States | 0.028% | -0.017 pp | -35.1% | 0.0 |
| NetApp → NTAP | Technology Hardware, Storage & Peripherals | United States | 0.045% | -0.014 pp | -11.4% | 0.0 |
| Hewlett Packard Enterprise → HPE | Technology Hardware, Storage & Peripherals | United States | 0.063% | -0.010 pp | -3.9% | 0.0 |
Underlying monthly industry observations
| Month | Weight | 1M change | 3M change | 6M change | 12M change | Relative return · 12M |
|---|---|---|---|---|---|---|
| Apr 2023 | 9.343% | +0.148 pp | +1.187 pp | +0.404 pp | -0.264 pp | +4.5% |
| Mar 2023 | 9.195% | +0.695 pp | +1.454 pp | +0.181 pp | -0.767 pp | +1.8% |
| Feb 2023 | 8.500% | +0.343 pp | +0.215 pp | -0.854 pp | -1.229 pp | -2.3% |
| Jan 2023 | 8.157% | +0.416 pp | -0.782 pp | -1.154 pp | -1.826 pp | -9.7% |
| Dec 2022 | 7.741% | -0.544 pp | -1.273 pp | -1.220 pp | -1.983 pp | -10.0% |
| Nov 2022 | 8.285% | -0.654 pp | -1.070 pp | -0.787 pp | -1.269 pp | +1.0% |
| Oct 2022 | 8.939% | -0.075 pp | -0.371 pp | -0.668 pp | +0.375 pp | +27.4% |
| Sep 2022 | 9.014% | -0.340 pp | +0.053 pp | -0.947 pp | +0.443 pp | +22.6% |
| Aug 2022 | 9.354% | +0.044 pp | +0.282 pp | -0.374 pp | +0.592 pp | +23.2% |
| Jul 2022 | 9.310% | +0.349 pp | -0.297 pp | -0.672 pp | +0.678 pp | +24.4% |
| Jun 2022 | 8.961% | -0.110 pp | -1.000 pp | -0.762 pp | +0.504 pp | +18.2% |
| May 2022 | 9.072% | -0.535 pp | -0.657 pp | -0.482 pp | +1.214 pp | +28.1% |
| Apr 2022 | 9.607% | -0.354 pp | -0.375 pp | +1.043 pp | +1.229 pp | +26.9% |
| Mar 2022 | 9.961% | +0.233 pp | +0.238 pp | +1.390 pp | +5.736 pp | +33.1% |
| Feb 2022 | 9.728% | -0.254 pp | +0.175 pp | +0.967 pp | +5.453 pp | +26.4% |
| Jan 2022 | 9.982% | +0.259 pp | +1.419 pp | +1.350 pp | +4.459 pp | +17.6% |
| Dec 2021 | 9.724% | +0.170 pp | +1.153 pp | +1.266 pp | +0.227 pp | +14.0% |
| Nov 2021 | 9.554% | +0.990 pp | +0.792 pp | +1.696 pp | +0.611 pp | +17.4% |
| Oct 2021 | 8.564% | -0.007 pp | -0.069 pp | +0.186 pp | -0.514 pp | +2.2% |
| Sep 2021 | 8.571% | -0.191 pp | +0.113 pp | +4.346 pp | +8.568 pp | -1.8% |
| Aug 2021 | 8.762% | +0.129 pp | +0.904 pp | +4.487 pp | +8.759 pp | -5.7% |
| Jul 2021 | 8.633% | +0.175 pp | +0.255 pp | +3.109 pp | +8.630 pp | +4.1% |
| Jun 2021 | 8.458% | +0.600 pp | +4.232 pp | -1.040 pp | +8.455 pp | +7.1% |
| May 2021 | 7.858% | -0.520 pp | +3.583 pp | -1.085 pp | +7.855 pp | +8.8% |
| Apr 2021 | 8.377% | +4.152 pp | +2.854 pp | -0.700 pp | +6.198 pp | +18.2% |
| Mar 2021 | 4.225% | -0.050 pp | -5.272 pp | +4.222 pp | +4.223 pp | +17.2% |
| Feb 2021 | 4.275% | -1.248 pp | -4.668 pp | +4.272 pp | +4.273 pp | +25.7% |
| Jan 2021 | 5.523% | -3.974 pp | -3.554 pp | +5.521 pp | +3.405 pp | +33.1% |
| Dec 2020 | 9.497% | +0.555 pp | +9.495 pp | +9.495 pp | +7.433 pp | +39.9% |
| Nov 2020 | 8.943% | -0.135 pp | +8.940 pp | +8.940 pp | +6.987 pp | +38.0% |
| Oct 2020 | 9.077% | +9.075 pp | +9.075 pp | +6.898 pp | +7.180 pp | +46.7% |
| Sep 2020 | 0.003% | -0.000 pp | +0.000 pp | +0.001 pp | -1.809 pp | +60.1% |
| Aug 2020 | 0.003% | +0.001 pp | +0.001 pp | +0.002 pp | -1.730 pp | +79.6% |
| Jul 2020 | 0.003% | +0.000 pp | -2.177 pp | -2.116 pp | -1.756 pp | +58.5% |
| Jun 2020 | 0.003% | +0.000 pp | +0.001 pp | -2.061 pp | -1.708 pp | +54.6% |
| May 2020 | 0.002% | -2.177 pp | +0.001 pp | -1.953 pp | -1.642 pp | +49.3% |
| Apr 2020 | 2.180% | +2.178 pp | +0.061 pp | +0.283 pp | +0.333 pp | +36.2% |
| Mar 2020 | 0.002% | +0.000 pp | -2.062 pp | -1.811 pp | -1.814 pp | +35.1% |
| Feb 2020 | 0.002% | -2.117 pp | -1.954 pp | -1.732 pp | -1.725 pp | +34.5% |
| Jan 2020 | 2.119% | +0.055 pp | +0.222 pp | +0.360 pp | +1.159 pp | +40.4% |
| Dec 2019 | 2.064% | +0.109 pp | +0.252 pp | +0.353 pp | +1.093 pp | +33.3% |
| Nov 2019 | 1.955% | +0.058 pp | +0.222 pp | +0.311 pp | +0.927 pp | +20.9% |
| Oct 2019 | 1.897% | +0.085 pp | +0.139 pp | +0.050 pp | +0.655 pp | -2.4% |
| Sep 2019 | 1.812% | +0.079 pp | +0.101 pp | -0.004 pp | +0.582 pp | -4.9% |
| Aug 2019 | 1.733% | -0.025 pp | +0.089 pp | +0.006 pp | +0.472 pp | -10.6% |
| Jul 2019 | 1.758% | +0.047 pp | -0.089 pp | +0.799 pp | -0.258 pp | +2.9% |
| Jun 2019 | 1.711% | +0.067 pp | -0.105 pp | +0.740 pp | -0.355 pp | -3.9% |
| May 2019 | 1.644% | -0.203 pp | -0.083 pp | +0.616 pp | -0.436 pp | -8.7% |
| Apr 2019 | 1.847% | +0.031 pp | +0.888 pp | +0.606 pp | -0.140 pp | +6.2% |
| Mar 2019 | 1.816% | +0.089 pp | +0.845 pp | +0.586 pp | -0.208 pp | +2.1% |
| Feb 2019 | 1.727% | +0.768 pp | +0.699 pp | +0.466 pp | -0.133 pp | -4.9% |
| Jan 2019 | 0.959% | -0.012 pp | -0.283 pp | -1.058 pp | -0.735 pp | +4.8% |
| Dec 2018 | 0.971% | -0.057 pp | -0.259 pp | -1.095 pp | -0.723 pp | +5.2% |
| Nov 2018 | 1.028% | -0.214 pp | -0.233 pp | -1.052 pp | -0.666 pp | +10.3% |
| Oct 2018 | 1.242% | +0.011 pp | -0.775 pp | -0.746 pp | -0.452 pp | +30.5% |
| Sep 2018 | 1.230% | -0.031 pp | -0.836 pp | -0.794 pp | -0.463 pp | +27.3% |
| Aug 2018 | 1.261% | -0.756 pp | -0.819 pp | -0.599 pp | -0.433 pp | +29.2% |
| Jul 2018 | 2.017% | -0.049 pp | +0.029 pp | +0.323 pp | +0.323 pp | +13.0% |
| Jun 2018 | 2.066% | -0.014 pp | +0.041 pp | +0.372 pp | +0.372 pp | +14.7% |
| May 2018 | 2.080% | +0.093 pp | +0.220 pp | +0.386 pp | +0.386 pp | +14.0% |
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.