FAI vs AIVL overlap
FAI and AIVL overlap 7.7% by weight, across 4 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | FAI | AIVL | Overlap |
|---|---|---|---|
| Micron TechMU | 8.77% | 5.64% | 5.64% |
| Alphabet Inc.-aGOOGL | 6.73% | 1.14% | 1.14% |
| Datadog Inc.-aDDOG | 1.49% | 0.68% | 0.68% |
| Dropbox Inc.-aDBX | 0.20% | 0.37% | 0.20% |
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: FAI, SEC Form N-PORT, June 30, 2026; AIVL, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | FAI | AIVL |
|---|---|---|
| LPL Financial LLC | $20.2M | $6.8M |
| Envestnet Asset Management Inc. | $12.8M | $771K |
| Kestra Advisory Services, LLC | $8.9M | $439K |
| Assetmark, Inc. | $8.9M | $22K |
| Cetera Investment Advisers | $6.4M | $744K |
| Raymond James Financial Inc. | $2.8M | $2.4M |
| Cambridge Investment Research Advisors, Inc. | $3.7M | $1.5M |
| Osaic Holdings, Inc. | $559K | $4.1M |
| Susquehanna International Group, LLP | $2.8M | $1.7M |
| Prospera Financial Services Inc | $1.4M | $1.3M |
| Janney Montgomery Scott LLC | $1.1M | $986K |
| Global Retirement Partners, LLC | $2K | $1.6M |
| AE Wealth Management LLC | $1.4M | $49K |
| Jane Street Group, LLC | $821K | $635K |
| NewEdge Advisors, LLC | $689K | $518K |
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: FAI institutional holders, AIVL institutional holders.
Frequently asked questions
How much do FAI and AIVL overlap?
7.7% by weight, with 4 holdings in common, using holdings for FAI as of June 30, 2026 and AIVL as of June 30, 2026. The largest shared position is MU.
Do institutions hold both FAI and AIVL?
23 Form 13F filers report positions in both, out of 181 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%.