GPIQ vs COWG overlap
GPIQ and COWG overlap 22.3% by weight, across 35 shared holdings.
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Top shared holdings
| Holding | GPIQ | COWG | Overlap |
|---|---|---|---|
| LAM ResearchLRCX | 2.36% | 2.71% | 2.36% |
| KLA Corp.KLAC | 1.74% | 1.87% | 1.74% |
| Sandisk Corp.SNDK | 1.48% | 3.32% | 1.48% |
| PALO ALTO NetworPANW | 1.30% | 2.03% | 1.30% |
| Nvidia Corp.NVDA | 7.47% | 1.05% | 1.05% |
| Western DigitalWDC | 0.98% | 4.53% | 0.98% |
| Crowdstrike HO-aCRWD | 0.95% | 1.79% | 0.95% |
| Apple Inc.AAPL | 6.59% | 0.92% | 0.92% |
| Broadcom Inc.AVGO | 2.68% | 0.91% | 0.91% |
| Analog DevicesADI | 0.88% | 1.67% | 0.88% |
| Qualcomm Inc.QCOM | 0.87% | 1.15% | 0.87% |
| Gilead SciencesGILD | 0.73% | 0.82% | 0.73% |
| Fortinet Inc.FTNT | 0.69% | 2.36% | 0.69% |
| Vertex PharmVRTX | 0.63% | 0.81% | 0.63% |
| Cadence DesignCDNS | 0.58% | 0.99% | 0.58% |
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: GPIQ, SEC Form N-PORT, June 30, 2026; COWG, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | GPIQ | COWG |
|---|---|---|
| Bank of America Corp. | $144.6M | $243.3M |
| LPL Financial LLC | $171.5M | $209.1M |
| Raymond James Financial Inc. | $37.6M | $89.8M |
| Goldman Sachs Group Inc. | $108.6M | $9.5M |
| Wells Fargo & Company | $71.4M | $45.2M |
| HighTower Advisors, LLC | $71.7M | $17.7M |
| Cambridge Investment Research Advisors, Inc. | $7.5M | $81.7M |
| Envestnet Asset Management Inc. | $12.6M | $67.5M |
| Jones Financial Companies LLLP | $2.1M | $69.1M |
| Royal Bank of Canada | $45.1M | $21.2M |
| Morgan Stanley | $825K | $63.4M |
| Cetera Investment Advisers | $14.9M | $44.3M |
| Osaic Holdings, Inc. | $23.0M | $35.8M |
| UBS Group AG | $51.3M | $1.4M |
| Susquehanna International Group, LLP | $44.1M | $1.4M |
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: GPIQ institutional holders, COWG institutional holders.
Frequently asked questions
How much do GPIQ and COWG overlap?
22.3% by weight, with 35 holdings in common, using holdings for GPIQ as of June 30, 2026 and COWG as of July 31, 2026. The largest shared position is LRCX.
Do institutions hold both GPIQ and COWG?
101 Form 13F filers report positions in both, out of 444 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%.