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Financial sector still dominates city’s top companies: SEC

Still, it was not a surprise that few tech companies broke through the pack of financial, fashion and media firms that are longstanding industries in the city, said Peter Schwartz, a consultant at Anderson Economic Group.

He noted that tracking the city’s biggest publicly-traded companies does not necessarily capture larger trends in the economy. Additionally, many national and international companies have a significant presence in the city, but are headquartered elsewhere.

“I wouldn’t think tech growth would show up because California has such a large presence and foothold in the tech industry,” Schwartz said.

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