The shape of the universe
As of 21 October 2026, the platform tracks 2,405 companies across eight sectors. Ranked by company count, the breakdown is lopsided toward Technology:
| Sector | Companies | Share |
|---|---|---|
| Technology | 651 | 27% |
| Industrials | 457 | 19% |
| Healthcare | 397 | 17% |
| Basic Materials | 344 | 14% |
| Consumer Cyclical | 175 | 7% |
| Financials | 144 | 6% |
| Energy | 143 | 6% |
| Communication Services | 94 | 4% |
Technology, Industrials and Healthcare alone account for roughly 63% of names. Technology is anchored by the obvious megacaps — Apple, Microsoft, NVIDIA — alongside semis like AMD and Intel and software names such as Salesforce. The long tail is more interesting: Industrials and Basic Materials stretch from Honeywell and Archer Aviation down to small Chinese, Taiwanese and Canadian listings, which is where the universe's real breadth lives.
Breadth is not weight
Here the data gets contradictory, and it's worth being blunt about it. Ranked instead by reported total market cap, the order inverts almost completely:
- Financials — ~$159T reported
- Energy — ~$107T
- Basic Materials — ~$47T
- Technology — ~$23T
- Industrials — ~$12T
Financials carries the heaviest reported weight on just 144 names (Berkshire, JPMorgan, Visa, Mastercard), while Technology — the most populous sector — sits fourth by cap. More strikingly, Consumer Cyclical totals only ~$0.6T despite holding Amazon and Tesla, which cannot be reconciled with those companies' real standing.
That is a red flag, not an insight. The cap aggregates almost certainly fold in cross-listings (note the duplicate Tesla, Alphabet, Novo Resources and Obsidian Energy tickers in the samples), currency-unit mismatches, or stale fields. I would not trade on these totals as they stand.
What an investor might watch
- Technology concentration. With a quarter of all names and the familiar megacap roster, sector-wide moves here will dominate any broad view. Breadth in semis (NVDA, AMD, INTC) is the tell to watch.
- The Industrials/Materials tail. Nearly a third of the universe sits in cyclical, commodity-sensitive names — many small and internationally listed. This is where dispersion, not the index, drives returns.
- Financials as the ballast. However distorted the absolute figures, Financials' concentration in payment rails and megabanks makes it the sector most sensitive to rate and credit shifts.
The analyst's note
The headline for me is the divergence between count and cap. A universe can be broad and still top-heavy, but when the two rankings disagree this violently, the cap layer needs auditing — de-duplicating cross-listings and normalising currencies — before it informs allocation. Breadth we can trust today; weight we should verify first.