NBCR vs FDMO overlap
NBCR and FDMO overlap 49.9% by weight, across 52 shared holdings.
Pick 2 to 4 ETFs.
These funds report on different dates (NBCR: May 31, 2026, FDMO: July 31, 2026), so market moves and index changes between those dates lower the number. Funds tracking the same index can read well below their true overlap.
Top shared holdings
| Holding | NBCR | FDMO | Overlap |
|---|---|---|---|
| Nvidia Corp.NVDA | 7.81% | 7.97% | 7.81% |
| Apple Inc.AAPL | 6.68% | 7.60% | 6.68% |
| Alphabet Inc.-aGOOGL | 4.55% | 5.67% | 4.55% |
| Amazon.COM Inc.AMZN | 3.98% | 3.97% | 3.97% |
| Broadcom Inc.AVGO | 2.36% | 3.53% | 2.36% |
| META Platforms-aMETA | 2.19% | 2.04% | 2.04% |
| ELI Lilly & CoLLY | 1.49% | 1.96% | 1.49% |
| Tesla Inc.TSLA | 1.66% | 1.38% | 1.38% |
| LAM ResearchLRCX | 1.26% | 1.58% | 1.26% |
| JPMorgan ChaseJPM | 1.24% | 1.87% | 1.24% |
| Western DigitalWDC | 1.20% | 1.43% | 1.20% |
| Exxon Mobil Corp.XOM | 1.06% | 1.12% | 1.06% |
| Johnson&JohnsonJNJ | 1.00% | 1.48% | 1.00% |
| General ElectricGE | 0.85% | 0.98% | 0.85% |
| Costco WholesaleCOST | 1.02% | 0.83% | 0.83% |
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: NBCR, SEC Form N-PORT, May 31, 2026; FDMO, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | NBCR | FDMO |
|---|---|---|
| Cetera Investment Advisers | $284K | $21.6M |
| LPL Financial LLC | $732K | $17.3M |
| Morgan Stanley | $7.1M | $10.5M |
| Osaic Holdings, Inc. | $22K | $4.9M |
| NewEdge Advisors, LLC | $68K | $3.2M |
| Bank of America Corp. | $475K | $2.4M |
| Wealth Enhancement Advisory Services, LLC | $523K | $1.5M |
| Royal Bank of Canada | $397K | $861K |
| Jane Street Group, LLC | $538K | $548K |
| Integrated Wealth Concepts LLC | $22K | $890K |
| UBS Group AG | $28K | $8K |
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: NBCR institutional holders, FDMO institutional holders.
Frequently asked questions
How much do NBCR and FDMO overlap?
49.9% by weight, with 52 holdings in common, using holdings for NBCR as of May 31, 2026 and FDMO as of July 31, 2026. The largest shared position is NVDA.
Do institutions hold both NBCR and FDMO?
11 Form 13F filers report positions in both, out of 123 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%.