PAPI vs FTQI overlap
PAPI and FTQI overlap 8.3% by weight, across 29 shared holdings.
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Top shared holdings
| Holding | PAPI | FTQI | Overlap |
|---|---|---|---|
| Cisco SystemsCSCO | 0.76% | 3.32% | 0.76% |
| Texas InstrumentTXN | 0.70% | 0.84% | 0.70% |
| Abbvie Inc.ABBV | 0.64% | 1.26% | 0.64% |
| Alphabet Inc.-aGOOGL | 0.59% | 2.10% | 0.59% |
| Alliant EnergyLNT | 0.55% | 0.51% | 0.51% |
| Texas RoadhousTXRH | 0.51% | 0.64% | 0.51% |
| Costco WholesaleCOST | 0.48% | 3.16% | 0.48% |
| Gilead SciencesGILD | 0.48% | 1.03% | 0.48% |
| Royalty Pharma-aRPRX | 0.72% | 0.40% | 0.40% |
| CME Group Inc.CME | 0.39% | 0.76% | 0.39% |
| Evergy Inc.EVRG | 0.56% | 0.31% | 0.31% |
| Air Prods & CHEMAPD | 0.51% | 0.22% | 0.22% |
| Corteva Inc.CTVA | 0.56% | 0.21% | 0.21% |
| Coca-Cola Co/theKO | 0.56% | 0.20% | 0.20% |
| Johnson&JohnsonJNJ | 0.56% | 0.19% | 0.19% |
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: PAPI, SEC Form N-PORT, June 30, 2026; FTQI, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | PAPI | FTQI |
|---|---|---|
| Morgan Stanley | $231.5M | $90K |
| LPL Financial LLC | $10.4M | $92.9M |
| Cetera Investment Advisers | $519K | $9.9M |
| Commonwealth Equity Services, LLC | $359K | $7.0M |
| Osaic Holdings, Inc. | $2.7M | $4.1M |
| Private Advisor Group, LLC | $2.8M | $3.4M |
| Janney Montgomery Scott LLC | $418K | $5.2M |
| Envestnet Asset Management Inc. | $471K | $5.2M |
| Stifel Financial Corp. | $1.8M | $2.9M |
| Royal Bank of Canada | $110K | $4.0M |
| Susquehanna International Group, LLP | $706K | $1.2M |
| Harbour Investments, Inc. | $12K | $1.3M |
| Fifth Third Bancorp | $782K | $148K |
| Global Retirement Partners, LLC | $103K | $40K |
| UBS Group AG | $57K | $6K |
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: PAPI institutional holders, FTQI institutional holders.
Frequently asked questions
How much do PAPI and FTQI overlap?
8.3% by weight, with 29 holdings in common, using holdings for PAPI as of June 30, 2026 and FTQI as of June 30, 2026. The largest shared position is CSCO.
Do institutions hold both PAPI and FTQI?
15 Form 13F filers report positions in both, out of 128 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%.