MFUT vs LENS overlap

MFUT and LENS overlap 5.4% by weight, across 5 shared holdings.

MFUTLENS

Pick 2 to 4 ETFs.

5.4%

overlap by weight, across 5 shared holdings

MFUT5.4% of the fund is in shared holdings, of 45

LENS11.3% of the fund is in shared holdings, of 40

Top shared holdings

Holding	MFUT	LENS	Overlap
BHP Group LtdBHP	1.31%	2.02%	1.31%
Newmont Corp.NEM	1.25%	1.47%	1.25%
VALE SA Sponsored ADSVALE	1.20%	2.01%	1.20%
Chevron Corp.CVX	0.92%	4.13%	0.92%
Cheniere EnergyLNG	0.68%	1.68%	0.68%

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: MFUT, SEC Form N-PORT, June 30, 2026; LENS, SEC Form N-PORT, May 29, 2026.

institutions report holding both, of 26 holding any

MFUT3.5% of its 13F dollars, 8.3% of its 12 holders

LENS1.1% of its 13F dollars, 6.7% of its 15 holders

Largest institutions holding both

Firm	MFUT	LENS
Susquehanna International Group, LLP	$1.2M	$348K

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: MFUT institutional holders, LENS institutional holders.

Frequently asked questions

How much do MFUT and LENS overlap?

5.4% by weight, with 5 holdings in common, using holdings for MFUT as of June 30, 2026 and LENS as of May 29, 2026. The largest shared position is BHP.

Do institutions hold both MFUT and LENS?

1 Form 13F filers report positions in both, out of 26 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%.