FQAL vs FELV overlap
FQAL and FELV overlap 31.4% by weight, across 59 shared holdings.
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Top shared holdings
| Holding | FQAL | FELV | Overlap |
|---|---|---|---|
| Apple Inc.AAPL | 7.22% | 4.66% | 4.66% |
| Microsoft Corp.MSFT | 5.62% | 3.39% | 3.39% |
| JPMorgan ChaseJPM | 1.97% | 2.62% | 1.97% |
| Johnson&JohnsonJNJ | 1.37% | 1.30% | 1.30% |
| Cisco SystemsCSCO | 1.46% | 1.23% | 1.23% |
| Exxon Mobil Corp.XOM | 1.12% | 1.80% | 1.12% |
| Procter & GamblePG | 0.75% | 0.78% | 0.75% |
| Philip Morris inPM | 0.73% | 0.86% | 0.73% |
| Merck & CoMRK | 0.94% | 0.72% | 0.72% |
| Chevron Corp.CVX | 0.72% | 0.98% | 0.72% |
| Bristol-MYER SQBBMY | 0.68% | 0.77% | 0.68% |
| Applied MaterialAMAT | 1.54% | 0.65% | 0.65% |
| Gilead SciencesGILD | 0.62% | 0.64% | 0.62% |
| McDonalds Corp.MCD | 0.94% | 0.59% | 0.59% |
| Alphabet Inc.-aGOOGL | 5.58% | 0.56% | 0.56% |
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: FQAL, SEC Form N-PORT, July 31, 2026; FELV, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | FQAL | FELV |
|---|---|---|
| FMR LLC | $576.6M | $668.0M |
| Envestnet Asset Management Inc. | $111.8M | $3.8M |
| Commonwealth Equity Services, LLC | $9.2M | $106.4M |
| Kestra Advisory Services, LLC | $61.9M | $11.2M |
| LPL Financial LLC | $7.8M | $39.5M |
| Osaic Holdings, Inc. | $10.1M | $23.2M |
| Cetera Investment Advisers | $13.3M | $11.3M |
| Raymond James Financial Inc. | $5.9M | $14.6M |
| Morgan Stanley | $5.1M | $14.9M |
| JPMorgan Chase & Co | $18.9M | $40K |
| Cambridge Investment Research Advisors, Inc. | $4.8M | $11.1M |
| Royal Bank of Canada | $6.1M | $3.3M |
| Northwestern Mutual Wealth Management Co | $6.5M | $936K |
| J.W. Cole Advisors, Inc. | $901K | $5.4M |
| Wells Fargo & Company | $6K | $5.2M |
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: FQAL institutional holders, FELV institutional holders.
Frequently asked questions
How much do FQAL and FELV overlap?
31.4% by weight, with 59 holdings in common, using holdings for FQAL as of July 31, 2026 and FELV as of June 30, 2026. The largest shared position is AAPL.
Do institutions hold both FQAL and FELV?
56 Form 13F filers report positions in both, out of 289 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%.