FSMD vs DON overlap
FSMD and DON overlap 33.6% by weight, across 189 shared holdings.
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Top shared holdings
| Holding | FSMD | DON | Overlap |
|---|---|---|---|
| Carpenter TechCRS | 0.42% | 0.44% | 0.42% |
| TD Synnex Corp.SNX | 0.34% | 0.46% | 0.34% |
| MKS Inc.MKSI | 0.34% | 0.51% | 0.34% |
| East West BncrpEWBC | 0.33% | 0.57% | 0.33% |
| Kimco RealtyKIM | 0.32% | 0.83% | 0.32% |
| HF Sinclair Corp.DINO | 0.31% | 0.81% | 0.31% |
| Permian Resour-aPR | 0.30% | 0.89% | 0.30% |
| APA Corp.APA | 0.28% | 0.95% | 0.28% |
| Assurant Inc.AIZ | 0.28% | 0.31% | 0.28% |
| Lamar Advertis-aLAMR | 0.28% | 0.51% | 0.28% |
| Borgwarner Inc.BWA | 0.27% | 0.42% | 0.27% |
| DT MidstreamDTM | 0.27% | 0.67% | 0.27% |
| ITT Inc.ITT | 0.27% | 0.33% | 0.27% |
| UNUM GroupUNM | 0.27% | 0.54% | 0.27% |
| New York Times-aNYT | 0.27% | 0.34% | 0.27% |
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: FSMD, SEC Form N-PORT, July 31, 2026; DON, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | FSMD | DON |
|---|---|---|
| FMR LLC | $851.4M | $2.6M |
| Bank of America Corp. | $71.6M | $255.6M |
| Commonwealth Equity Services, LLC | $179.5M | $28.5M |
| LPL Financial LLC | $72.3M | $99.7M |
| Morgan Stanley | $769K | $139.9M |
| Envestnet Asset Management Inc. | $125.2M | $6.6M |
| UBS Group AG | $162K | $105.4M |
| Jones Financial Companies LLLP | $105 | $103.7M |
| Creative Planning | $1.2M | $85.7M |
| Raymond James Financial Inc. | $24.4M | $58.6M |
| Ameriprise Financial Inc. | $656K | $78.7M |
| Kestra Investment Management, LLC | $76.1M | $279K |
| Wells Fargo & Company | $27K | $56.5M |
| Cetera Investment Advisers | $29.9M | $24.8M |
| Mercer Global Advisors Inc. | $3.2M | $48.7M |
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: FSMD institutional holders, DON institutional holders.
Frequently asked questions
How much do FSMD and DON overlap?
33.6% by weight, with 189 holdings in common, using holdings for FSMD as of July 31, 2026 and DON as of June 30, 2026. The largest shared position is CRS.
Do institutions hold both FSMD and DON?
108 Form 13F filers report positions in both, out of 555 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%.