DFEM vs DFAE overlap
DFEM and DFAE overlap 81.1% by weight, across 5,976 shared holdings.
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Top shared holdings
| Holding | DFEM | DFAE | Overlap |
|---|---|---|---|
| TSMC2330 | 10.26% | 13.19% | 10.26% |
| Samsung Electron005930 | 4.40% | 5.17% | 4.40% |
| SK Hynix Inc.000660 | 4.25% | 4.54% | 4.25% |
| Tencent700 | 1.95% | 2.57% | 1.95% |
| BABA-W9988 | 0.82% | 1.20% | 0.82% |
| CCB-H939 | 0.75% | 0.77% | 0.75% |
| HON HAI2317 | 0.46% | 0.79% | 0.46% |
| Icici Bank Ltd. ADRIBN | 0.44% | 0.45% | 0.44% |
| PING an2318 | 0.48% | 0.43% | 0.43% |
| Samsung Electronics Co Ltd. GDR EACH REP 25 COM STK Krw100(REG S)SSNHZ | 0.42% | 0.67% | 0.42% |
| Mediatek2454 | 0.41% | 0.97% | 0.41% |
| Bharti AirtelBHARTI | 0.37% | 0.44% | 0.37% |
| Delta ELEC2308 | 0.36% | 0.62% | 0.36% |
| ICBC-H1398 | 0.35% | 0.46% | 0.35% |
| HDFC Bank Ltd. Sponsored ADSHDB | 0.41% | 0.35% | 0.35% |
Overlap by weight adds up the smaller weight of each holding the funds share, so 100% means identical portfolios. Long securities only: derivatives and cash vehicles are left out. Sources: DFEM, SEC Form N-PORT, July 31, 2026; DFAE, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | DFEM | DFAE |
|---|---|---|
| Focus Partners Wealth | $402.3M | $87.2M |
| Focus Partners Advisor Solutions, LLC | $358.6M | $52.3M |
| FMR LLC | $754K | $388.2M |
| Bank of America Corp. | $31.9M | $321.1M |
| UBS Group AG | $1.8M | $279.9M |
| Mariner, LLC | $60.0M | $175.2M |
| Sequoia Financial Advisors, LLC | $215.4M | $18.2M |
| HighTower Advisors, LLC | $129.7M | $99.5M |
| Savant Capital, LLC | $177.8M | $40.2M |
| Corient Private Wealth LP | $95.1M | $64.0M |
| Maseco LLP | $93.8M | $58.0M |
| LPL Financial LLC | $92.1M | $46.0M |
| Northwestern Mutual Wealth Management Co | $23.2M | $112.7M |
| Envestnet Asset Management Inc. | $59.7M | $67.1M |
| Root Financial Partners, LLC | $2.9M | $123.9M |
This compares who owns the funds, not what the funds hold. From SEC Form 13F, for managers with $100M+ in US securities.
Who owns them: DFEM institutional holders, DFAE institutional holders.
Frequently asked questions
How much do DFEM and DFAE overlap?
81.1% by weight, with 5,976 holdings in common, using holdings for DFEM as of July 31, 2026 and DFAE as of July 31, 2026. The largest shared position is 2330.
Do institutions hold both DFEM and DFAE?
325 Form 13F filers report positions in both, out of 986 that report either one.
How is overlap by weight worked out?
For each holding the two funds share, take the smaller of the two weights, then add those up. Identical portfolios score 100%.