ILF vs GEM overlap
ILF and GEM overlap 2.5% by weight, across 24 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | ILF | GEM | Overlap |
|---|---|---|---|
| Grupo F Banort-OGFNORTEO | 4.07% | 0.22% | 0.22% |
| NU Holdings LT-aNU | 8.17% | 0.22% | 0.22% |
| America Movil-BAMXB | 3.72% | 0.18% | 0.18% |
| Credicorp Ltd.BAP | 4.22% | 0.15% | 0.15% |
| Grupo Mexico-BGMBXF | 5.63% | 0.14% | 0.14% |
| Itausa SA - Preferred SharesITSA4 | 2.40% | 0.14% | 0.14% |
| Banco de ChileCHILE | 1.45% | 0.13% | 0.13% |
| Southern CopperSCCO | 2.32% | 0.13% | 0.13% |
| Cemex SAB-CPOCEMEXCPO | 2.90% | 0.13% | 0.13% |
| Falabella SAFALAB | 0.82% | 0.11% | 0.11% |
| Fomento ECON-UBDFEMSAUBD | 3.40% | 0.10% | 0.10% |
| Walmart de MexicWALMEX* | 2.26% | 0.10% | 0.10% |
| Grupo Bimbo-aBIMBOA | 0.72% | 0.10% | 0.10% |
| SabespSBSP3 | 2.17% | 0.09% | 0.09% |
| B3 SAB3SA3 | 2.26% | 0.08% | 0.08% |
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: ILF, SEC Form N-PORT, June 30, 2026; GEM, SEC Form N-PORT, May 31, 2026.
Largest institutions holding both
| Firm | ILF | GEM |
|---|---|---|
| Wells Fargo & Company | $46.0M | $226.6M |
| Morgan Stanley | $178.2M | $48.7M |
| Goldman Sachs Group Inc. | $13.8M | $169.2M |
| Envestnet Asset Management Inc. | $17.3M | $162.6M |
| LPL Financial LLC | $28.4M | $114.0M |
| Bank of America Corp. | $63.9M | $36.8M |
| Susquehanna International Group, LLP | $58.6M | $3.8M |
| Jane Street Group, LLC | $15.4M | $39.0M |
| Raymond James Financial Inc. | $24.3M | $22.3M |
| Royal Bank of Canada | $19.8M | $24.8M |
| Principal Securities, Inc. | $1.7M | $31.0M |
| Cetera Investment Advisers | $5.7M | $24.3M |
| UBS Group AG | $13.5M | $15.4M |
| HighTower Advisors, LLC | $24.2M | $394K |
| Envestnet Portfolio Solutions, Inc. | $1.1M | $20.5M |
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: ILF institutional holders, GEM institutional holders.
Frequently asked questions
How much do ILF and GEM overlap?
2.5% by weight, with 24 holdings in common, using holdings for ILF as of June 30, 2026 and GEM as of May 31, 2026. The largest shared position is GFNORTEO.
Do institutions hold both ILF and GEM?
83 Form 13F filers report positions in both, out of 452 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%.