FMDE vs FESM overlap
FMDE and FESM overlap 4.3% by weight, across 40 shared holdings.
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Top shared holdings
| Holding | FMDE | FESM | Overlap |
|---|---|---|---|
| Abercrombie & FIANF | 0.49% | 0.56% | 0.49% |
| Comfort SystemsFIX | 0.99% | 0.48% | 0.48% |
| Huntington BANCHBAN | 0.48% | 0.46% | 0.46% |
| Carpenter TechCRS | 0.38% | 0.44% | 0.38% |
| Commercial MetalCMC | 0.37% | 0.60% | 0.37% |
| Treasury Bill | 0.23% | 0.42% | 0.23% |
| Oscar Health -aOSCR | 0.20% | 0.33% | 0.20% |
| Credo TechnologyCRDO | 0.18% | 0.15% | 0.15% |
| Viavi SolutionsVIAV | 0.14% | 0.27% | 0.14% |
| 10X Genomics I-aTXG | 0.17% | 0.13% | 0.13% |
| Applied INDU TECAIT | 0.12% | 0.24% | 0.12% |
| Flowers FoodsFLO | 0.12% | 0.13% | 0.12% |
| Kodiak Gas ServiKGS | 0.12% | 0.71% | 0.12% |
| Dycom INDSDY | 0.12% | 0.53% | 0.12% |
| Emcor Group Inc.EME | 0.29% | 0.12% | 0.12% |
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: FMDE, SEC Form N-PORT, June 30, 2026; FESM, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | FMDE | FESM |
|---|---|---|
| FMR LLC | $416.9M | $1.2B |
| Wells Fargo & Company | $976.2M | $121.2M |
| Ameriprise Financial Inc. | $509.9M | $382.7M |
| Northwestern Mutual Wealth Management Co | $538.6M | $214.8M |
| LPL Financial LLC | $260.2M | $299.0M |
| Raymond James Financial Inc. | $155.6M | $125.3M |
| Commonwealth Equity Services, LLC | $156.2M | $116.8M |
| Cetera Investment Advisers | $119.3M | $133.4M |
| Osaic Holdings, Inc. | $108.9M | $84.5M |
| Morgan Stanley | $76.4M | $99.5M |
| Envestnet Asset Management Inc. | $80.5M | $72.5M |
| Fifth Third Bancorp | $3.2M | $124.8M |
| Capital Analysts, LLC | $75.6M | $41.1M |
| Royal Bank of Canada | $52.8M | $60.2M |
| Kestra Advisory Services, LLC | $68.8M | $38.2M |
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: FMDE institutional holders, FESM institutional holders.
Frequently asked questions
How much do FMDE and FESM overlap?
4.3% by weight, with 40 holdings in common, using holdings for FMDE as of June 30, 2026 and FESM as of June 30, 2026. The largest shared position is ANF.
Do institutions hold both FMDE and FESM?
133 Form 13F filers report positions in both, out of 408 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%.