The shape of the universe
As of 2 August 2026, the tracked universe spans 1,830 companies across eight sectors. The distribution is far from even. Ranked by number of constituents:
| Sector | Companies | Share |
|---|---|---|
| Technology | 529 | 28.9% |
| Industrials | 359 | 19.6% |
| Healthcare | 308 | 16.8% |
| Basic Materials | 214 | 11.7% |
| Consumer Cyclical | 137 | 7.5% |
| Financials | 108 | 5.9% |
| Energy | 102 | 5.6% |
| Communication Services | 73 | 4.0% |
The top three sectors — Technology, Industrials, and Healthcare — account for 1,196 names, or about 65% of everything tracked. The long tail of Financials, Energy, and Communication Services is comparatively thin by headcount.
Where the names concentrate
Technology's dominance is unsurprising given its constituents: AAPL, MSFT, NVDA, AMD, CRM, and INTC anchor the largest single bucket. Industrials, the runner-up by count, is strikingly global — alongside HON (Honeywell) and NVT (nVent) sit cross-listed and international names like 603992.SS (Xiamen Solex), ZIM (ZIM Integrated Shipping), and the eVTOL upstart ACHR (Archer Aviation). Healthcare pairs mega-cap defensives — JNJ, UNH, ABBV — with smaller, more speculative tickers.
A recurring theme across sectors is duplicate exposure via multiple listings: Tesla appears as TSLA, TL0.F, and TL0.DE; Alphabet as GOOGL and GOOG; Obsidian Energy as OBE and OBE.TO; Galantas Gold as GAL.V and GAL.L. Investors screening this universe should de-duplicate before drawing breadth conclusions — the same underlying business can surface several times.
A caution on the market-cap column
The dataset also reports aggregate market caps per sector, but these figures are internally inconsistent and should not be taken at face value. Financials is listed at roughly $159 trillion and Basic Materials at $46 trillion — both dwarfing Technology's $22 trillion, despite Technology holding the world's largest companies by any conventional measure. Consumer Cyclical, which contains AMZN, TSLA, and HD, shows a mere $556 billion. These numbers do not square with the constituent lists, so this piece leans on company counts, which are the reliable signal here.
What an investor might watch
- Concentration risk. A universe two-thirds weighted toward Tech, Industrials, and Healthcare will move with those sectors. Broad exposure here is not the same as diversification.
- The Industrials story. Its breadth — global manufacturers, shipping, and emerging aviation like Archer — makes it the most heterogeneous sector to watch for rotation.
- Thin defensive coverage. With Financials and Energy each under 6% of names, single-name moves in JPM, V, XOM, or SHEL carry outsized weight relative to the sector's headcount.
- Data hygiene. Duplicate listings and the unreliable market-cap column are reminders to validate the raw feed before building conviction on any aggregate.