FLQM vs FFSM overlap
FLQM and FFSM overlap 4.5% by weight, across 16 shared holdings.
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Top shared holdings
| Holding | FLQM | FFSM | Overlap |
|---|---|---|---|
| Ovintiv Inc.OVV | 0.52% | 0.71% | 0.52% |
| BJ'S Wholesale CBJ | 0.46% | 0.56% | 0.46% |
| Tenet HealthcareTHC | 0.62% | 0.46% | 0.46% |
| Universal HLTH-BUHS | 0.41% | 0.49% | 0.41% |
| Murphy USA Inc.MUSA | 0.39% | 0.70% | 0.39% |
| Viatris Inc.VTRS | 0.67% | 0.39% | 0.39% |
| Tapestry Inc.TPR | 0.99% | 0.33% | 0.33% |
| Sprouts FarmersSFM | 0.27% | 0.40% | 0.27% |
| Crocs Inc.CROX | 0.24% | 1.00% | 0.24% |
| CBOE Global MarkCBOE | 0.44% | 0.19% | 0.19% |
| Genpact Ltd.G | 0.18% | 0.58% | 0.18% |
| Vontier Corp.VNT | 0.16% | 0.44% | 0.16% |
| Nexstar MediaNXST | 0.15% | 0.66% | 0.15% |
| Grand Canyon EDULOPE | 0.14% | 0.32% | 0.14% |
| Allison TransmisALSN | 0.38% | 0.11% | 0.11% |
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: FLQM, SEC Form N-PORT, June 30, 2026; FFSM, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | FLQM | FFSM |
|---|---|---|
| FMR LLC | $421K | $1.0B |
| Cetera Investment Advisers | $79.9M | $5.2M |
| Commonwealth Equity Services, LLC | $6.1M | $48.3M |
| Northwestern Mutual Wealth Management Co | $44.6M | $114K |
| Morgan Stanley | $38.7M | $149K |
| Envestnet Asset Management Inc. | $16.7M | $6.9M |
| Cambridge Investment Research Advisors, Inc. | $15.8M | $2.8M |
| Jones Financial Companies LLLP | $17.3M | $1K |
| Osaic Holdings, Inc. | $14.2M | $646K |
| Royal Bank of Canada | $14.5M | $21K |
| JPMorgan Chase & Co | $6.1M | $4.8M |
| Goldman Sachs Group Inc. | $3.6M | $6.9M |
| NewEdge Advisors, LLC | $8.4M | $5K |
| Kestra Private Wealth Services, LLC | $6.2M | $313K |
| Kestra Advisory Services, LLC | $4.2M | $1.6M |
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: FLQM institutional holders, FFSM institutional holders.
Frequently asked questions
How much do FLQM and FFSM overlap?
4.5% by weight, with 16 holdings in common, using holdings for FLQM as of June 30, 2026 and FFSM as of July 31, 2026. The largest shared position is OVV.
Do institutions hold both FLQM and FFSM?
33 Form 13F filers report positions in both, out of 219 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%.