POWR vs FMAT overlap
POWR and FMAT overlap 0.4% by weight, across 3 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | POWR | FMAT | Overlap |
|---|---|---|---|
| Warrior MET CoalHCC | 0.52% | 0.28% | 0.28% |
| Alpha MetallurgiAMR | 0.21% | 0.10% | 0.10% |
| Suncoke Energy ISXC | 0.08% | 0.05% | 0.05% |
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: POWR, SEC Form N-PORT, June 30, 2026; FMAT, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | POWR | FMAT |
|---|---|---|
| AE Wealth Management LLC | $219K | $98.5M |
| LPL Financial LLC | $23.9M | $4.0M |
| Commonwealth Equity Services, LLC | $4.9M | $5.2M |
| Morgan Stanley | $5.1M | $3.8M |
| Steward Partners Investment Advisory, LLC | $3.2M | $4.4M |
| Susquehanna International Group, LLP | $745K | $4.3M |
| Cambridge Investment Research Advisors, Inc. | $1.6M | $3.3M |
| Envestnet Asset Management Inc. | $2.0M | $2.5M |
| Osaic Holdings, Inc. | $788K | $3.4M |
| Cetera Investment Advisers | $1.8M | $2.2M |
| Raymond James Financial Inc. | $2.7M | $937K |
| Bank of America Corp. | $1.9M | $1.6M |
| Jones Financial Companies LLLP | $2.4M | $783K |
| Royal Bank of Canada | $2.1M | $658K |
| Advisory Services Network, LLC | $1.4M | $373K |
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: POWR institutional holders, FMAT institutional holders.
Frequently asked questions
How much do POWR and FMAT overlap?
0.4% by weight, with 3 holdings in common, using holdings for POWR as of June 30, 2026 and FMAT as of July 31, 2026. The largest shared position is HCC.
Do institutions hold both POWR and FMAT?
29 Form 13F filers report positions in both, out of 212 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%.