FMTM vs FDIV overlap
FMTM and FDIV overlap 3.2% by weight, across 2 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | FMTM | FDIV | Overlap |
|---|---|---|---|
| MSC INDL DirectMSM | 3.21% | 2.12% | 2.12% |
| Union PAC Corp.UNP | 3.25% | 1.11% | 1.11% |
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: FMTM, SEC Form N-PORT, July 31, 2026; FDIV, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | FMTM | FDIV |
|---|---|---|
| San Luis Wealth Advisors LLC | $12.5M | $36.7M |
| Arrowroot Family Office, LLC | $6.7M | $7.7M |
| Mutual Advisors, LLC | $4.5M | $2.6M |
| Royal Bank of Canada | $5.4M | $587K |
| Steelhead Wealth Management LLC | $2.7M | $592K |
| Money Concepts Capital Corp. | $919K | $1.5M |
| Andina Capital Management, LLC | $882K | $858K |
| Keeler Thomas Management LLC | $418K | $572K |
| Fiduciary Financial Advisors | $360K | $618K |
| Northwestern Mutual Wealth Management Co | $11K | $79K |
| CoreCap Advisors, LLC | $6K | $500 |
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: FMTM institutional holders, FDIV institutional holders.
Frequently asked questions
How much do FMTM and FDIV overlap?
3.2% by weight, with 2 holdings in common, using holdings for FMTM as of July 31, 2026 and FDIV as of July 31, 2026. The largest shared position is MSM.
Do institutions hold both FMTM and FDIV?
11 Form 13F filers report positions in both, out of 35 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%.