NFRA vs FRDM overlap
NFRA and FRDM overlap 0.1% by weight, across 1 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | NFRA | FRDM | Overlap |
|---|---|---|---|
| Aero del Pacif-BGAPB | 0.42% | 0.14% | 0.14% |
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: NFRA, SEC Form N-PORT, July 31, 2026; FRDM, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | NFRA | FRDM |
|---|---|---|
| Northern Trust Corp. | $2.1B | $432K |
| Wells Fargo & Company | $202K | $174.3M |
| Northwestern Mutual Wealth Management Co | $453K | $150.6M |
| LPL Financial LLC | $1.8M | $79.1M |
| Morgan Stanley | $21.6M | $53.8M |
| Raymond James Financial Inc. | $1.5M | $58.9M |
| Envestnet Asset Management Inc. | $12.8M | $42.7M |
| Aptus Capital Advisors, LLC | $338K | $48.4M |
| HighTower Advisors, LLC | $246K | $37.9M |
| Kestra Advisory Services, LLC | $499K | $34.8M |
| Integrated Wealth Concepts LLC | $47K | $31.2M |
| First Heartland Consultants, Inc. | $212K | $24.4M |
| Commonwealth Equity Services, LLC | $454K | $23.6M |
| MML Investors Services, LLC | $3.8M | $20.2M |
| Jones Financial Companies LLLP | $32K | $21.2M |
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: NFRA institutional holders, FRDM institutional holders.
Frequently asked questions
How much do NFRA and FRDM overlap?
0.1% by weight, with 1 holdings in common, using holdings for NFRA as of July 31, 2026 and FRDM as of June 30, 2026. The largest shared position is GAPB.
Do institutions hold both NFRA and FRDM?
53 Form 13F filers report positions in both, out of 410 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%.