JHMM vs FESM overlap
JHMM and FESM overlap 5.9% by weight, across 72 shared holdings.
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Top shared holdings
| Holding | JHMM | FESM | Overlap |
|---|---|---|---|
| Comfort SystemsFIX | 0.64% | 0.48% | 0.48% |
| Huntington BANCHBAN | 0.31% | 0.46% | 0.31% |
| Carpenter TechCRS | 0.29% | 0.44% | 0.29% |
| Sterling InfrastSTRL | 0.25% | 0.26% | 0.25% |
| Sanmina Corp.SANM | 0.23% | 0.48% | 0.23% |
| Bloom Energy C-aBE | 0.31% | 0.19% | 0.19% |
| Dycom INDSDY | 0.18% | 0.53% | 0.18% |
| FabrinetFN | 0.18% | 0.22% | 0.18% |
| Applied INDU TECAIT | 0.17% | 0.24% | 0.17% |
| Credo TechnologyCRDO | 0.25% | 0.15% | 0.15% |
| SPX TechnologiesSPXC | 0.14% | 0.15% | 0.14% |
| Guardant HealthGH | 0.12% | 1.09% | 0.12% |
| Emcor Group Inc.EME | 0.38% | 0.12% | 0.12% |
| Commercial MetalCMC | 0.11% | 0.60% | 0.11% |
| Healthequity Inc.HQY | 0.11% | 0.65% | 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: JHMM, SEC Form N-PORT, June 30, 2026; FESM, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | JHMM | FESM |
|---|---|---|
| FMR LLC | $1.5M | $1.2B |
| Ameriprise Financial Inc. | $374.8M | $382.7M |
| LPL Financial LLC | $375.9M | $299.0M |
| Wells Fargo & Company | $282.7M | $121.2M |
| Morgan Stanley | $285.2M | $99.5M |
| Northwestern Mutual Wealth Management Co | $162.9M | $214.8M |
| Raymond James Financial Inc. | $240.1M | $125.3M |
| Commonwealth Equity Services, LLC | $131.1M | $116.8M |
| Cetera Investment Advisers | $78.0M | $133.4M |
| Jones Financial Companies LLLP | $182.3M | $4.7M |
| Bank of America Corp. | $107.1M | $64.3M |
| UBS Group AG | $157.5M | $11.0M |
| Royal Bank of Canada | $89.2M | $60.2M |
| Fifth Third Bancorp | $2.5M | $124.8M |
| Osaic Holdings, Inc. | $31.4M | $84.5M |
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: JHMM institutional holders, FESM institutional holders.
Frequently asked questions
How much do JHMM and FESM overlap?
5.9% by weight, with 72 holdings in common, using holdings for JHMM as of June 30, 2026 and FESM as of June 30, 2026. The largest shared position is FIX.
Do institutions hold both JHMM and FESM?
85 Form 13F filers report positions in both, out of 468 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%.