FRWD vs AFOS overlap
FRWD and AFOS overlap 28.6% by weight, across 7 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | FRWD | AFOS | Overlap |
|---|---|---|---|
| LAM ResearchLRCX | 6.65% | 5.58% | 5.58% |
| Micron TechMU | 5.14% | 8.62% | 5.14% |
| Western DigitalWDC | 5.04% | 5.99% | 5.04% |
| Nvidia Corp.NVDA | 8.09% | 4.31% | 4.31% |
| Alphabet Inc.-aGOOGL | 3.20% | 5.00% | 3.20% |
| Microsoft Corp.MSFT | 2.81% | 3.26% | 2.81% |
| Amazon.COM Inc.AMZN | 2.81% | 2.56% | 2.56% |
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: FRWD, SEC Form N-PORT, June 30, 2026; AFOS, SEC Form N-PORT, May 29, 2026.
Largest institutions holding both
| Firm | FRWD | AFOS |
|---|---|---|
| GTS Securities LLC | $5.1M | $292K |
| Envestnet Asset Management Inc. | $783K | $473K |
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: FRWD institutional holders, AFOS institutional holders.
Frequently asked questions
How much do FRWD and AFOS overlap?
28.6% by weight, with 7 holdings in common, using holdings for FRWD as of June 30, 2026 and AFOS as of May 29, 2026. The largest shared position is LRCX.
Do institutions hold both FRWD and AFOS?
2 Form 13F filers report positions in both, out of 21 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%.