NZAC vs FDEV overlap
NZAC and FDEV overlap 5.6% by weight, across 44 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | NZAC | FDEV | Overlap |
|---|---|---|---|
| Royal Bank of CARY | 0.67% | 1.13% | 0.67% |
| Novartis AG-REGNOVN | 0.51% | 1.43% | 0.51% |
| Astrazeneca PLCAZN | 0.36% | 1.38% | 0.36% |
| Roper TechnologiROP | 0.35% | 1.49% | 0.35% |
| Toronto-DOM BankTD | 0.33% | 0.85% | 0.33% |
| Nordea Bank ABPNDA | 0.30% | 0.50% | 0.30% |
| Dollarama Inc.DOL | 0.23% | 0.24% | 0.23% |
| Great-West LifecGWLIF | 0.23% | 0.29% | 0.23% |
| Power Corp. CDAPOW | 0.23% | 0.35% | 0.23% |
| CAN IMPL BK COMMCM | 0.21% | 0.55% | 0.21% |
| NOVO Nordisk-BNOVOB | 0.20% | 0.99% | 0.20% |
| Agnico Eagle MINAEM | 0.20% | 0.26% | 0.20% |
| Prosus NVPROSF | 0.14% | 0.28% | 0.14% |
| GSK PLCGSK | 0.13% | 0.79% | 0.13% |
| ANZ Group HoldinANZ | 0.13% | 0.50% | 0.13% |
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: NZAC, SEC Form N-PORT, June 30, 2026; FDEV, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | NZAC | FDEV |
|---|---|---|
| Raymond James Financial Inc. | $1.7M | $15.8M |
| Envestnet Asset Management Inc. | $2.8M | $3.2M |
| Morgan Stanley | $3.2M | $1.4M |
| LPL Financial LLC | $3.2M | $431K |
| Susquehanna International Group, LLP | $1.5M | $896K |
| Osaic Holdings, Inc. | $253K | $2.2M |
| Flow Traders U.S. LLC | $946K | $1.3M |
| Royal Bank of Canada | $865K | $1.3M |
| FMR LLC | $28K | $1.4M |
| UBS Group AG | $862K | $1K |
| Integrated Wealth Concepts LLC | $571K | $162 |
| Harbour Investments, Inc. | $181K | $74K |
| Farther Finance Advisors, LLC | $30K | $178K |
| Wells Fargo & Company | $4 | $67K |
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: NZAC institutional holders, FDEV institutional holders.
Frequently asked questions
How much do NZAC and FDEV overlap?
5.6% by weight, with 44 holdings in common, using holdings for NZAC as of June 30, 2026 and FDEV as of July 31, 2026. The largest shared position is RY.
Do institutions hold both NZAC and FDEV?
14 Form 13F filers report positions in both, out of 77 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%.