IWF vs IWD overlap
IWF and IWD overlap 16.3% by weight, across 213 shared holdings.
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Top shared holdings
| Holding | IWF | IWD | Overlap |
|---|---|---|---|
| Apple Inc.AAPL | 6.72% | 5.37% | 5.37% |
| Microsoft Corp.MSFT | 4.11% | 3.88% | 3.88% |
| META Platforms-aMETA | 3.00% | 0.63% | 0.63% |
| Amazon.COM Inc.AMZN | 0.57% | 5.93% | 0.57% |
| Costco WholesaleCOST | 0.54% | 0.65% | 0.54% |
| Home Depot Inc.HD | 0.77% | 0.26% | 0.26% |
| TJX COS Inc.TJX | 0.23% | 0.26% | 0.23% |
| Boeing Co/theBA | 0.32% | 0.16% | 0.16% |
| Amgen Inc.AMGN | 0.41% | 0.16% | 0.16% |
| American ExpressAXP | 0.15% | 0.36% | 0.15% |
| Starbucks Corp.SBUX | 0.19% | 0.15% | 0.15% |
| Cummins Inc.CMI | 0.13% | 0.15% | 0.13% |
| Walmart Inc.WMT | 0.13% | 1.27% | 0.13% |
| Citigroup Inc.C | 0.11% | 0.56% | 0.11% |
| Coca-Cola Co/theKO | 0.11% | 0.78% | 0.11% |
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: IWF, SEC Form N-PORT, June 30, 2026; IWD, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | IWF | IWD |
|---|---|---|
| Morgan Stanley | $14.8B | $9.9B |
| Bank of America Corp. | $13.5B | $10.8B |
| FMR LLC | $4.1B | $2.2B |
| Goldman Sachs Group Inc. | $3.4B | $2.8B |
| JPMorgan Chase & Co | $3.2B | $2.1B |
| Envestnet Asset Management Inc. | $2.6B | $1.6B |
| UBS Group AG | $2.3B | $1.5B |
| Wells Fargo & Company | $2.2B | $1.4B |
| Northern Trust Corp. | $2.5B | $1.0B |
| Raymond James Financial Inc. | $1.7B | $1.3B |
| Baird Financial Group, Inc. | $1.4B | $1.5B |
| LPL Financial LLC | $1.9B | $980.1M |
| Ameriprise Financial Inc. | $745.5M | $2.1B |
| M&T Bank Corp | $1.5B | $919.8M |
| PNC Financial Services Group, Inc. | $1.5B | $826.9M |
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: IWF institutional holders, IWD institutional holders.
Frequently asked questions
How much do IWF and IWD overlap?
16.3% by weight, with 213 holdings in common, using holdings for IWF as of June 30, 2026 and IWD as of June 30, 2026. The largest shared position is AAPL.
Do institutions hold both IWF and IWD?
1,677 Form 13F filers report positions in both, out of 2,807 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%.