FTLS vs AKRE overlap
FTLS and AKRE overlap 3.2% by weight, across 3 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | FTLS | AKRE | Overlap |
|---|---|---|---|
| Mastercard Inc.-aMA | 2.36% | 14.24% | 2.36% |
| Moody's Corp.MCO | 0.62% | 6.94% | 0.62% |
| VISA Inc.-Class aV | 0.24% | 7.24% | 0.24% |
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: FTLS, SEC Form N-PORT, July 31, 2026; AKRE, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | FTLS | AKRE |
|---|---|---|
| Morgan Stanley | $436.9M | $14.8M |
| LPL Financial LLC | $174.8M | $80.5M |
| Royal Bank of Canada | $197.4M | $14.7M |
| Ameriprise Financial Inc. | $179.0M | $293K |
| Cambridge Investment Research Advisors, Inc. | $55.3M | $100.1M |
| Raymond James Financial Inc. | $45.9M | $25.3M |
| Assetmark, Inc. | $43.2M | $24.5M |
| Osaic Holdings, Inc. | $11.5M | $55.7M |
| Cetera Investment Advisers | $41.7M | $8.5M |
| Montis Financial, LLC | $2.1M | $42.5M |
| Envestnet Asset Management Inc. | $34.9M | $7.6M |
| Merit Financial Group, LLC | $39.0M | $1.3M |
| Truist Financial Corp. | $32.4M | $5.6M |
| CENTRAL TRUST Co | $34.3M | $8K |
| Wealth Enhancement Advisory Services, LLC | $3.7M | $29.2M |
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: FTLS institutional holders, AKRE institutional holders.
Frequently asked questions
How much do FTLS and AKRE overlap?
3.2% by weight, with 3 holdings in common, using holdings for FTLS as of July 31, 2026 and AKRE as of July 31, 2026. The largest shared position is MA.
Do institutions hold both FTLS and AKRE?
101 Form 13F filers report positions in both, out of 610 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%.