NTSX vs FVAL overlap
NTSX and FVAL overlap 49.9% by weight, across 98 shared holdings.
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Top shared holdings
| Holding | NTSX | FVAL | Overlap |
|---|---|---|---|
| Nvidia Corp.NVDA | 6.83% | 7.71% | 6.83% |
| Apple Inc.AAPL | 6.00% | 7.24% | 6.00% |
| Alphabet Inc.-aGOOGL | 5.91% | 5.63% | 5.63% |
| Microsoft Corp.MSFT | 3.78% | 5.65% | 3.78% |
| Amazon.COM Inc.AMZN | 3.35% | 4.39% | 3.35% |
| Broadcom Inc.AVGO | 2.28% | 3.42% | 2.28% |
| META Platforms-aMETA | 1.91% | 1.95% | 1.91% |
| Micron TechMU | 1.71% | 2.67% | 1.71% |
| ELI Lilly & CoLLY | 1.61% | 1.76% | 1.61% |
| Berkshire HATH-BBRK/B | 1.47% | 1.86% | 1.47% |
| Walmart Inc.WMT | 1.21% | 0.95% | 0.95% |
| VISA Inc.-Class aV | 0.93% | 1.45% | 0.93% |
| Exxon Mobil Corp.XOM | 0.82% | 1.11% | 0.82% |
| Johnson&JohnsonJNJ | 0.79% | 1.36% | 0.79% |
| Caterpillar Inc.CAT | 0.68% | 1.00% | 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: NTSX, SEC Form N-PORT, June 30, 2026; FVAL, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | NTSX | FVAL |
|---|---|---|
| Envestnet Asset Management Inc. | $928K | $138.2M |
| FMR LLC | $1K | $127.6M |
| Cetera Investment Advisers | $32.7M | $25.8M |
| LPL Financial LLC | $22.5M | $23.9M |
| OneDigital Investment Advisors LLC | $36.1M | $627K |
| Commonwealth Equity Services, LLC | $2.9M | $22.6M |
| Osaic Holdings, Inc. | $4.9M | $19.8M |
| Royal Bank of Canada | $312K | $23.9M |
| JPMorgan Chase & Co | $5.4M | $17.3M |
| Wealth Enhancement Advisory Services, LLC | $19.4M | $903K |
| Kestra Advisory Services, LLC | $7.6M | $11.3M |
| Merit Financial Group, LLC | $758K | $16.5M |
| AQR Capital Management LLC | $14.4M | $1.2M |
| Morgan Stanley | $4.2M | $10.2M |
| Cambridge Investment Research Advisors, Inc. | $2.5M | $7.8M |
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: NTSX institutional holders, FVAL institutional holders.
Frequently asked questions
How much do NTSX and FVAL overlap?
49.9% by weight, with 98 holdings in common, using holdings for NTSX as of June 30, 2026 and FVAL as of July 31, 2026. The largest shared position is NVDA.
Do institutions hold both NTSX and FVAL?
41 Form 13F filers report positions in both, out of 230 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%.