FTCS vs FDL overlap
FTCS and FDL overlap 3.5% by weight, across 3 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | FTCS | FDL | Overlap |
|---|---|---|---|
| Pepsico Inc.PEP | 1.73% | 4.84% | 1.73% |
| Paychex Inc.PAYX | 2.15% | 0.99% | 0.99% |
| T Rowe Price GRPTROW | 2.36% | 0.77% | 0.77% |
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: FTCS, SEC Form N-PORT, June 30, 2026; FDL, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | FTCS | FDL |
|---|---|---|
| LPL Financial LLC | $688.7M | $775.0M |
| Morgan Stanley | $494.1M | $432.8M |
| Raymond James Financial Inc. | $373.1M | $247.4M |
| Wells Fargo & Company | $229.6M | $157.8M |
| Ameriprise Financial Inc. | $86.1M | $276.5M |
| Cambridge Investment Research Advisors, Inc. | $167.3M | $124.7M |
| Cetera Investment Advisers | $135.5M | $124.1M |
| Bank of America Corp. | $132.4M | $125.4M |
| UBS Group AG | $123.7M | $120.1M |
| Royal Bank of Canada | $97.2M | $120.4M |
| Osaic Holdings, Inc. | $120.4M | $84.3M |
| Envestnet Asset Management Inc. | $99.6M | $74.2M |
| Jones Financial Companies LLLP | $82.6M | $85.0M |
| Stifel Financial Corp. | $69.3M | $59.1M |
| Northwestern Mutual Wealth Management Co | $14.7M | $109.8M |
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: FTCS institutional holders, FDL institutional holders.
Frequently asked questions
How much do FTCS and FDL overlap?
3.5% by weight, with 3 holdings in common, using holdings for FTCS as of June 30, 2026 and FDL as of June 30, 2026. The largest shared position is PEP.
Do institutions hold both FTCS and FDL?
279 Form 13F filers report positions in both, out of 767 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%.