Markets

Visualizing Every Company on the S&P 500 Index

Published

1 year ago

June 21, 2023

Dorothy Neufeld

Graphics/Design:

Sam Parker

Subscribe to the Advisor Channel free mailing list for more like this

Bubble chart showing all of the S&P 500 companies in 2023, organized by sector and sized by their weighting in the index.

S&P 500 Companies: A Complete Visual Breakdown

This was originally posted on Advisor Channel. Sign up to the free mailing list to get beautiful visualizations on financial markets that help advisors and their clients.

S&P 500 companies hold $7.1 trillion in assets, and account for close to 80% of available market capitalization on U.S. stock exchanges.

The index serves as a barometer for the U.S. stock market, covering the largest public U.S. companies by market capitalization. Often, it reflects investor sentiment and is considered an indicator for U.S. economic health.

As the S&P 500 enters a bull market after the longest downturn in decades, the above graphic shows the entire makeup of one of the world’s largest markets.

Top S&P 500 Companies, by Weight

Here are the 100 biggest S&P 500 companies by sector and weight, using data from Slickcharts. Data is as of May 5, 2023.

Rank, by Weight	Name	Sector	Weight (%)
1	Apple	Info Tech	7.46
2	Microsoft	Info Tech	6.69
3	Amazon.com	Consumer Discretionary	2.72
4	Nvidia	Info Tech	2.04
5	Alphabet Inc. Class A	Communication Services	1.82
6	Berkshire Hathaway	Financials	1.69
7	Alphabet Inc. Class C	Communication Services	1.59
8	Meta Platforms	Communication Services	1.50
9	UnitedHealth Group	Health Care	1.34
10	Tesla	Consumer Discretionary	1.32
11	Exxon Mobil	Energy	1.29
12	Johnson & Johnson	Health Care	1.23
13	JPMorgan Chase	Financials	1.16
14	Visa	Financials	1.09
15	Procter & Gamble	Consumer Staples	1.06
16	Eli Lilly	Health Care	0.98
17	Mastercard	Financials	0.94
18	Merck & Co.	Health Care	0.86
19	Home Depot	Consumer Discretionary	0.85
20	Chevron	Energy	0.82
21	PepsiCo	Consumer Staples	0.77
22	Broadcom	Info Tech	0.76
23	AbbVie	Health Care	0.76
24	Coca-Cola	Consumer Staples	0.72
25	Costco	Consumer Staples	0.64
26	McDonald's	Consumer Discretionary	0.63
27	Pfizer	Health Care	0.62
28	Thermo Fisher Scientific	Health Care	0.62
29	Walmart	Consumer Staples	0.62
30	Salesforce	Info Tech	0.57
31	Abbott Laboratories	Health Care	0.56
32	Bank of America	Financials	0.56
33	Cisco Systems	Info Tech	0.55
34	Walt Disney Company	Communication Services	0.53
35	Linde plc	Materials	0.52
36	Comcast Corporation	Communication Services	0.49
37	Accenture	Info Tech	0.48
38	Adobe	Info Tech	0.46
39	Danaher	Health Care	0.46
40	Verizon	Communication Services	0.46
41	NIKE	Consumer Discretionary	0.46
42	Texas Instruments	Info Tech	0.43
43	NextEra Energy	Utilities	0.43
44	Oracle	Info Tech	0.43
45	Philip Morris	Consumer Staples	0.43
46	Bristol-Myers Squibb	Health Care	0.42
47	Advanced Micro Devices	Info Tech	0.42
48	Wells Fargo	Financials	0.42
49	Netflix	Communication Services	0.42
50	Raytheon Technologies	Industrials	0.41
51	Honeywell	Industrials	0.38
52	United Parcel Service	Industrials	0.37
53	Intel	Info Tech	0.37
54	Amgen	Health Care	0.37
55	Lowe's	Consumer Discretionary	0.36
56	Starbucks	Consumer Discretionary	0.36
57	Union Pacific	Industrials	0.36
58	ConocoPhillips	Energy	0.36
59	AT&T	Communication Services	0.35
60	QUALCOMM	Info Tech	0.35
61	Intuit Inc.	Info Tech	0.35
62	Medtronic Plc	Health Care	0.35
63	Prologis Inc.	Real Estate	0.34
64	S&P Global	Financials	0.34
65	Caterpillar	Industrials	0.32
66	International Business Machines	Info Tech	0.32
67	Boeing	Industrials	0.32
68	Elevance Health	Health Care	0.32
69	Morgan Stanley	Financials	0.32
70	Goldman Sachs Group	Financials	0.32
71	General Electric	Industrials	0.32
72	Intuitive Surgical	Health Care	0.31
73	Mondelez International	Consumer Staples	0.31
74	Lockheed Martin	Industrials	0.30
75	Deere & Company	Industrials	0.30
76	Booking Holdings	Consumer Discretionary	0.29
77	Gilead Sciences	Health Care	0.29
78	Applied Materials	Info Tech	0.28
79	BlackRock	Financials	0.28
80	Stryker	Health Care	0.28
81	Analog Devices	Info Tech	0.27
82	American Tower	Real Estate	0.26
83	American Express	Financials	0.26
84	CVS Health	Health Care	0.26
85	TJX Companies	Consumer Discretionary	0.26
86	Citigroup	Financials	0.26
87	Vertex Pharmaceuticals	Health Care	0.26
88	Automatic Data Processing	Industrials	0.26
89	Marsh & McLennan Companies	Financials	0.26
90	ServiceNow	Info Tech	0.26
91	Zoetis	Health Care	0.25
92	T-Mobile	Communication Services	0.25
93	PayPal	Financials	0.25
94	Altria Group	Consumer Staples	0.24
95	Chubb	Financials	0.24
96	Regeneron Pharmaceuticals	Health Care	0.24
97	Southern Company	Utilities	0.24
98	Cigna	Health Care	0.23
99	Duke Energy	Utilities	0.22
100	Fiserv	Financials	0.22

Over the last decade, big tech names have dominated the index.

The tech sector makes up over 26%, with Apple, Microsoft, and Nvidia as the top S&P 500 companies by market capitalization. Despite interest rates climbing at warp speed, a select number of big tech names have maintained, or even expanded their influence on the index over the last year.

In many cases, investor demand for AI-related stocks has fueled these increases.

Amazon is the third-largest company in the index. While shares tumbled in 2022 amid slowing sales, they have since rebounded by about 46% this year. Like Amazon, consumer discretionary firm Tesla has seen a strong reversal as the index’s 10th biggest stock by weight.

In the financial sector, Berkshire Hathaway has the highest weight (1.7%) while UnitedHealth Group (1.3%) is the top in health care. The health conglomerate even towers above JP Morgan Chase, the biggest bank in America.

S&P 500 Sectors and the Market Cycle

Below, we show the 11 sectors in the S&P 500, organized by weight and their typical performance over the business cycle:

Cyclical: Rise and fall with the market cycle, often correlated to expansions or contractions
Defensive: Typically are negatively correlated to the market cycle, with more stable earnings and dividends

Sector	Weight	Type
Information Technology	26.1%	Cyclical
Health Care	14.5%	Defensive
Financials	12.9%	Cyclical
Consumer Discretionary	9.9%	Cyclical
Industrials	8.6%	Cyclical
Communication Services	8.2%	Cyclical
Consumer Staples	7.4%	Defensive
Energy	4.5%	Defensive
Utilities	2.9%	Defensive
Materials	2.6%	Cyclical
Real Estate	2.5%	Cyclical

Numbers may not total 100 due to rounding.

Information technology, health care, and financials have the highest share in the S&P 500. Together, they cover over half the index.

S&P 500 Companies: Mixed Signals in 2023

In many ways there are two major themes playing out this year so far for U.S. equities, which is the best-performing asset class year to date.

First is that seven big tech companies—Apple, Microsoft, Nvidia, Google, Tesla, Meta, and Amazon—are driving virtually all of the index’s gains. These companies have seen double or triple-digit returns this year so far. As of May 31, tech sector ETFs saw $8 billion in inflows to date, the highest across any sector.

Secondly, the energy and health care sectors have seen the highest outflows, at $9 billion and $4 billion, respectively.

Even with interest rates hitting 15-year highs, extreme greed is in the market, based on the Fear and Greed Index. This may signal higher risk in the S&P 500, since a hit to these few companies with high weightings could significantly affect the broader index.