EQWL vs COWG overlap
EQWL and COWG overlap 14.4% by weight, across 20 shared holdings.
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Top shared holdings
| Holding | EQWL | COWG | Overlap |
|---|---|---|---|
| Bristol-MYER SQBBMY | 1.14% | 1.15% | 1.14% |
| Philip Morris inPM | 1.01% | 1.00% | 1.00% |
| Nvidia Corp.NVDA | 0.97% | 1.05% | 0.97% |
| Coca-Cola Co/theKO | 1.02% | 0.93% | 0.93% |
| Apple Inc.AAPL | 1.03% | 0.92% | 0.92% |
| Broadcom Inc.AVGO | 1.01% | 0.91% | 0.91% |
| Altria Group Inc.MO | 0.91% | 0.99% | 0.91% |
| LAM ResearchLRCX | 0.88% | 2.71% | 0.88% |
| Gilead SciencesGILD | 1.04% | 0.82% | 0.82% |
| Qualcomm Inc.QCOM | 0.75% | 1.15% | 0.75% |
| Abbvie Inc.ABBV | 1.08% | 0.72% | 0.72% |
| Booking HoldingsBKNG | 1.16% | 0.63% | 0.63% |
| McDonalds Corp.MCD | 0.93% | 0.56% | 0.56% |
| Palantir Techn-aPLTR | 0.92% | 0.56% | 0.56% |
| Salesforce Inc.CRM | 1.04% | 0.52% | 0.52% |
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: EQWL, SEC Form N-PORT, July 31, 2026; COWG, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | EQWL | COWG |
|---|---|---|
| LPL Financial LLC | $258.2M | $209.1M |
| Bank of America Corp. | $46.4M | $243.3M |
| Envestnet Asset Management Inc. | $138.0M | $67.5M |
| Morgan Stanley | $100.8M | $63.4M |
| Cambridge Investment Research Advisors, Inc. | $47.0M | $81.7M |
| Cetera Investment Advisers | $82.4M | $44.3M |
| Raymond James Financial Inc. | $33.2M | $89.8M |
| Jones Financial Companies LLLP | $50.8M | $69.1M |
| Osaic Holdings, Inc. | $67.4M | $35.8M |
| Ameriprise Financial Inc. | $67.4M | $3.1M |
| Wells Fargo & Company | $345K | $45.2M |
| Northwestern Mutual Wealth Management Co | $17.3M | $23.3M |
| MML Investors Services, LLC | $7.1M | $31.2M |
| Commonwealth Equity Services, LLC | $16.3M | $17.6M |
| Private Advisor Group, LLC | $30.0M | $2.9M |
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: EQWL institutional holders, COWG institutional holders.
Frequently asked questions
How much do EQWL and COWG overlap?
14.4% by weight, with 20 holdings in common, using holdings for EQWL as of July 31, 2026 and COWG as of July 31, 2026. The largest shared position is BMY.
Do institutions hold both EQWL and COWG?
87 Form 13F filers report positions in both, out of 363 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%.