NTSI vs FEP overlap

NTSI and FEP overlap 12.4% by weight, across 88 shared holdings.

NTSIFEP

Pick 2 to 4 ETFs.

12.4%

overlap by weight, across 88 shared holdings

NTSI18.4% of the fund is in shared holdings, of 450

FEP42.2% of the fund is in shared holdings, of 201

Top shared holdings

Holding	NTSI	FEP	Overlap
ASML Holding NVASML	3.63%	0.72%	0.72%
BP PLCBP/	0.57%	0.49%	0.49%
Rio Tinto PLCRIO	0.48%	0.65%	0.48%
Totalenergies SETTE	0.88%	0.40%	0.40%
Shell PLCSHELL	1.30%	0.39%	0.39%
Siemens Energy aENR	0.34%	0.55%	0.34%
Nokia OYJNOKIA	0.33%	0.53%	0.33%
GSK PLCGSK	0.45%	0.31%	0.31%
Glencore PLCGLCNF	0.30%	0.72%	0.30%
SOC Generale SAGLE	0.30%	0.39%	0.30%
ASM Intl NVASM	0.28%	0.49%	0.28%
DHL GroupDHL	0.28%	0.37%	0.28%
BAE Systems PLCBAESF	0.34%	0.27%	0.27%
ENI SpaENI	0.26%	0.52%	0.26%
EngieENGI	0.25%	0.63%	0.25%

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: NTSI, SEC Form N-PORT, June 30, 2026; FEP, SEC Form N-PORT, June 30, 2026.

institutions report holding both, of 161 holding any

NTSI3.6% of its 13F dollars, 40.0% of its 40 holders

FEP26.3% of its 13F dollars, 11.7% of its 137 holders

Largest institutions holding both

Firm	NTSI	FEP
Morgan Stanley	$46K	$50.5M
LPL Financial LLC	$3.7M	$31.5M
Osaic Holdings, Inc.	$1.6M	$4.7M
Citadel Advisors LLC	$1.4M	$2.7M
JPMorgan Chase & Co	$3.6M	$112K
Commonwealth Equity Services, LLC	$873K	$2.8M
Kestra Advisory Services, LLC	$1.2M	$973K
Farther Finance Advisors, LLC	$2K	$1.1M
Royal Bank of Canada	$48K	$1.0M
Susquehanna International Group, LLP	$588K	$205K
Northwestern Mutual Wealth Management Co	$144K	$246K
NewEdge Advisors, LLC	$227K	$75K
Integrated Wealth Concepts LLC	$100K	$198K
FMR LLC	$1K	$42K
Allworth Financial LP	$3K	$12K

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: NTSI institutional holders, FEP institutional holders.

Frequently asked questions

How much do NTSI and FEP overlap?

12.4% by weight, with 88 holdings in common, using holdings for NTSI as of June 30, 2026 and FEP as of June 30, 2026. The largest shared position is ASML.

Do institutions hold both NTSI and FEP?

16 Form 13F filers report positions in both, out of 161 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%.