GEM vs CGIC overlap
GEM and CGIC overlap 10.9% by weight, across 39 shared holdings.
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Top shared holdings
| Holding | GEM | CGIC | Overlap |
|---|---|---|---|
| Samsung Electron005930 | 7.54% | 2.46% | 2.46% |
| SK Hynix Inc.000660 | 5.89% | 2.25% | 2.25% |
| Mediatek2454 | 1.53% | 2.83% | 1.53% |
| Tencent700 | 2.59% | 0.68% | 0.68% |
| Bharti AirtelBHARTI | 0.25% | 0.46% | 0.25% |
| Netease Inc.9999 | 0.24% | 0.41% | 0.24% |
| Lenovo Group992 | 0.22% | 0.21% | 0.21% |
| HDFC Bank Ltd.HDFCB | 0.50% | 0.21% | 0.21% |
| MTN Group Ltd.MTN | 0.20% | 0.24% | 0.20% |
| Grupo F Banort-OGFNORTEO | 0.22% | 0.19% | 0.19% |
| KB Financial GRO105560 | 0.19% | 0.51% | 0.19% |
| HANA Financial G086790 | 0.17% | 0.21% | 0.17% |
| Accton Tech2345 | 0.22% | 0.16% | 0.16% |
| Saudi National BSNB | 0.16% | 0.25% | 0.16% |
| Hyundai Motor005380 | 0.17% | 0.15% | 0.15% |
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: GEM, SEC Form N-PORT, May 31, 2026; CGIC, SEC Form N-PORT, May 31, 2026.
Largest institutions holding both
| Firm | GEM | CGIC |
|---|---|---|
| Wells Fargo & Company | $226.6M | $99.4M |
| LPL Financial LLC | $114.0M | $208.2M |
| Envestnet Asset Management Inc. | $162.6M | $136.3M |
| Raymond James Financial Inc. | $22.3M | $130.9M |
| Osaic Holdings, Inc. | $2.5M | $118.4M |
| Betterment LLC | $105.3M | $3.2M |
| Royal Bank of Canada | $24.8M | $56.3M |
| Cetera Investment Advisers | $24.3M | $47.1M |
| Commonwealth Equity Services, LLC | $13.7M | $54.4M |
| Cambridge Investment Research Advisors, Inc. | $1.4M | $58.3M |
| Morgan Stanley | $48.7M | $31K |
| Jones Financial Companies LLLP | $556K | $40.2M |
| Jane Street Group, LLC | $39.0M | $1.6M |
| MML Investors Services, LLC | $736K | $34.2M |
| Principal Securities, Inc. | $31.0M | $246K |
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: GEM institutional holders, CGIC institutional holders.
Frequently asked questions
How much do GEM and CGIC overlap?
10.9% by weight, with 39 holdings in common, using holdings for GEM as of May 31, 2026 and CGIC as of May 31, 2026. The largest shared position is 005930.
Do institutions hold both GEM and CGIC?
66 Form 13F filers report positions in both, out of 357 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%.