FVAL vs FDMO overlap
FVAL and FDMO overlap 49.6% by weight, across 38 shared holdings.
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Top shared holdings
| Holding | FVAL | FDMO | Overlap |
|---|---|---|---|
| Nvidia Corp.NVDA | 7.71% | 7.97% | 7.71% |
| Apple Inc.AAPL | 7.24% | 7.60% | 7.24% |
| Alphabet Inc.-aGOOGL | 5.63% | 5.67% | 5.63% |
| Amazon.COM Inc.AMZN | 4.39% | 3.97% | 3.97% |
| Broadcom Inc.AVGO | 3.42% | 3.53% | 3.42% |
| Micron TechMU | 2.67% | 2.81% | 2.67% |
| META Platforms-aMETA | 1.95% | 2.04% | 1.95% |
| Berkshire HATH-BBRK/B | 1.86% | 1.83% | 1.83% |
| ELI Lilly & CoLLY | 1.76% | 1.96% | 1.76% |
| Johnson&JohnsonJNJ | 1.36% | 1.48% | 1.36% |
| Exxon Mobil Corp.XOM | 1.11% | 1.12% | 1.11% |
| Bank of AmericaBAC | 1.17% | 1.11% | 1.11% |
| Merck & CoMRK | 0.94% | 1.09% | 0.94% |
| Goldman Sachs GPGS | 1.01% | 0.93% | 0.93% |
| Walmart Inc.WMT | 0.95% | 0.90% | 0.90% |
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: FVAL, SEC Form N-PORT, July 31, 2026; FDMO, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | FVAL | FDMO |
|---|---|---|
| FMR LLC | $127.6M | $269.2M |
| Envestnet Asset Management Inc. | $138.2M | $144.2M |
| Cetera Investment Advisers | $25.8M | $21.6M |
| LPL Financial LLC | $23.9M | $17.3M |
| Kestra Advisory Services, LLC | $11.3M | $22.2M |
| Raymond James Financial Inc. | $4.8M | $26.0M |
| Commonwealth Equity Services, LLC | $22.6M | $7.1M |
| Cambridge Investment Research Advisors, Inc. | $7.8M | $20.8M |
| JPMorgan Chase & Co | $17.3M | $8.2M |
| Osaic Holdings, Inc. | $19.8M | $4.9M |
| Royal Bank of Canada | $23.9M | $861K |
| Morgan Stanley | $10.2M | $10.5M |
| Kestra Private Wealth Services, LLC | $10.0M | $6.8M |
| Bank of America Corp. | $14.0M | $2.4M |
| Creative Planning | $8.3M | $282K |
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: FVAL institutional holders, FDMO institutional holders.
Frequently asked questions
How much do FVAL and FDMO overlap?
49.6% by weight, with 38 holdings in common, using holdings for FVAL as of July 31, 2026 and FDMO as of July 31, 2026. The largest shared position is NVDA.
Do institutions hold both FVAL and FDMO?
68 Form 13F filers report positions in both, out of 208 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%.