The shape of the universe
As of 2026-11-09, the platform tracks companies across eight sectors totalling roughly 2,494 names. The distribution is top-heavy. Technology leads with 659 companies, followed by Industrials (478), Healthcare (414) and Basic Materials (361). Those four sectors alone account for about three-quarters of everything we follow. The tail is much thinner: Consumer Cyclical (187), Financials and Energy (149 each), and Communication Services (97).
Breadth, not just size, is the story here. A universe this tilted toward Technology, Industrials and materials reflects where listed-company creation has been most active — not necessarily where the largest pools of value sit.
Familiar anchors, unfamiliar neighbours
Each sector pairs household megacaps with names most investors will never have seen. Technology anchors on Apple, Microsoft and NVIDIA, with AMD, Salesforce and Intel close behind. Communication Services is essentially the Alphabet–Meta–Netflix–Disney cohort, plus Tencent. Financials reads like an index card: Berkshire Hathaway, JPMorgan, Visa, Mastercard, Bank of America.
But the sample names also reveal how global and granular the coverage is. Industrials includes Xiamen Solex, ZIM shipping and Archer Aviation alongside Honeywell. Basic Materials is dominated by small-cap miners and fertiliser producers — China XLX, Galantas Gold, Argentina Lithium — rather than blue chips. That long tail of micro-caps and foreign listings is where breadth comes from, and where data quality matters most.
A caution on the market-cap totals
The reported aggregate market caps do not line up with the company lists, and investors should treat them carefully. Financials is shown at roughly $159T and Basic Materials at $47T, while Consumer Cyclical — which contains Amazon, Tesla and Alibaba — shows just $584B. That ordering is not credible on its face.
The likely cause is visible in the sample data itself: duplicate cross-listings and mixed currencies. We carry Tesla as both TL0.F and TL0.DE, Alphabet as GOOGL and GOOG, Novo Resources as NVO.TO and NVO.AX, Galantas as GAL.V and GAL.L, Obsidian as OBE and OBE.TO. Summing raw local-currency caps across venues inflates some sectors and understates others. Until those figures are currency-normalised and de-duplicated, company count is the more reliable lens for comparing sectors.
What to watch
Two things stand out for the period ahead. First, concentration risk: with Technology and Industrials supplying nearly half the universe by count, breadth readings and sector rotations will be heavily influenced by those two groups. Second, the materials and energy tails — crowded with small miners and producers — are where idiosyncratic, single-name volatility tends to hide.
For now, read the counts, not the dollar totals, and treat the cross-listing clutter as a reminder that a bigger universe is not automatically a cleaner one.