JOET vs FMAG overlap
JOET and FMAG overlap 18.8% by weight, across 23 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | JOET | FMAG | Overlap |
|---|---|---|---|
| Amazon.COM Inc.AMZN | 0.93% | 6.74% | 0.93% |
| Western DigitalWDC | 0.93% | 1.52% | 0.93% |
| Seagate TechnoloSTX | 0.90% | 1.66% | 0.90% |
| Quanta ServicesPWR | 0.89% | 1.16% | 0.89% |
| Amphenol Corp.-aAPH | 0.88% | 1.67% | 0.88% |
| LAM ResearchLRCX | 0.86% | 1.93% | 0.86% |
| Eaton Corp. PLCETN | 0.85% | 1.38% | 0.85% |
| Alphabet Inc.-aGOOGL | 0.84% | 4.06% | 0.84% |
| Arista NetworksANET | 0.84% | 1.66% | 0.84% |
| ADV Micro DeviceAMD | 0.83% | 3.33% | 0.83% |
| Broadcom Inc.AVGO | 0.81% | 5.18% | 0.81% |
| Nvidia Corp.NVDA | 0.80% | 10.04% | 0.80% |
| State St Corp.STT | 0.80% | 1.09% | 0.80% |
| Northern TrustNTRS | 0.79% | 0.99% | 0.79% |
| Analog DevicesADI | 0.79% | 1.24% | 0.79% |
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: JOET, SEC Form N-PORT, July 31, 2026; FMAG, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | JOET | FMAG |
|---|---|---|
| Wells Fargo & Company | $20.9M | $36.3M |
| Morgan Stanley | $29.6M | $2K |
| LPL Financial LLC | $18.1M | $286K |
| Osaic Holdings, Inc. | $2.6M | $50K |
| Susquehanna International Group, LLP | $2.0M | $368K |
| UBS Group AG | $22K | $2.2M |
| Cetera Investment Advisers | $316K | $1.0M |
| FMR LLC | $493K | $622K |
| Royal Bank of Canada | $991K | $0 |
| Citadel Advisors LLC | $687K | $253K |
| Arax Advisory Partners | $334K | $512K |
| Rockefeller Capital Management L.P. | $787K | $10K |
| Northwestern Mutual Wealth Management Co | $162K | $358K |
| JPMorgan Chase & Co | $12K | $359K |
| Integrated Wealth Concepts LLC | $30K | $196K |
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: JOET institutional holders, FMAG institutional holders.
Frequently asked questions
How much do JOET and FMAG overlap?
18.8% by weight, with 23 holdings in common, using holdings for JOET as of July 31, 2026 and FMAG as of July 31, 2026. The largest shared position is AMZN.
Do institutions hold both JOET and FMAG?
15 Form 13F filers report positions in both, out of 77 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%.