FPXI vs EFAX overlap

FPXI and EFAX overlap 4.1% by weight, across 18 shared holdings.

FPXIEFAX

Pick 2 to 4 ETFs.

4.1%

overlap by weight, across 18 shared holdings

FPXI41.4% of the fund is in shared holdings, of 50

EFAX4.1% of the fund is in shared holdings, of 638

Top shared holdings

Holding	FPXI	EFAX	Overlap
Kioxia Holdings285A	8.48%	0.86%	0.86%
Siemens Energy aENR	4.43%	0.73%	0.73%
Advantest Corp.6857	9.39%	0.72%	0.72%
Murata Mfg Co6981	1.11%	0.56%	0.56%
Galderma Group aGALD	1.91%	0.21%	0.21%
UCB SAUCB	2.05%	0.18%	0.18%
Sandoz Group AGSDZ	2.81%	0.18%	0.18%
Woolworths GroupWOW	1.19%	0.17%	0.17%
Bawag Group AGBG	0.93%	0.07%	0.07%
Asahi Kasei Corp.3407	0.98%	0.07%	0.07%
Enlight RenewablENLT	0.69%	0.06%	0.06%
Norsk Hydro ASANHY	0.72%	0.06%	0.06%
Hochtief AGHOT	2.49%	0.05%	0.05%
Mitsubishi Chemi4188	0.91%	0.04%	0.04%
Chiba Bank Ltd.8331	0.95%	0.04%	0.04%

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: FPXI, SEC Form N-PORT, June 30, 2026; EFAX, SEC Form N-PORT, June 30, 2026.

institutions report holding both, of 162 holding any

FPXI38.5% of its 13F dollars, 29.4% of its 92 holders

EFAX20.4% of its 13F dollars, 27.8% of its 97 holders

Largest institutions holding both

Firm	FPXI	EFAX
LPL Financial LLC	$43.4M	$6.6M
Morgan Stanley	$23.0M	$92K
Bank of America Corp.	$2.8M	$13.8M
Kingsview Wealth Management, LLC	$2.0M	$8.9M
Jane Street Group, LLC	$6.9M	$2.8M
Rockefeller Capital Management L.P.	$8K	$9.0M
NewEdge Advisors, LLC	$7.0M	$659K
Commonwealth Equity Services, LLC	$6.4M	$388K
Royal Bank of Canada	$2.7M	$4.0M
Flow Traders U.S. LLC	$381K	$4.2M
UBS Group AG	$4.3M	$21K
Susquehanna International Group, LLP	$1.0M	$3.0M
Raymond James Financial Inc.	$3.1M	$458K
Osaic Holdings, Inc.	$2.3M	$876K
HighTower Advisors, LLC	$2.2M	$935K

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: FPXI institutional holders, EFAX institutional holders.

Frequently asked questions

How much do FPXI and EFAX overlap?

4.1% by weight, with 18 holdings in common, using holdings for FPXI as of June 30, 2026 and EFAX as of June 30, 2026. The largest shared position is 285A.

Do institutions hold both FPXI and EFAX?

27 Form 13F filers report positions in both, out of 162 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%.