QLD vs JEPI overlap
QLD and JEPI overlap 18.8% by weight, across 30 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | QLD | JEPI | Overlap |
|---|---|---|---|
| Nvidia Corp.NVDA | 5.09% | 1.52% | 1.52% |
| Apple Inc.AAPL | 4.55% | 1.52% | 1.52% |
| Alphabet Inc.-aGOOGL | 2.20% | 1.50% | 1.50% |
| Amazon.COM Inc.AMZN | 2.88% | 1.46% | 1.46% |
| Broadcom Inc.AVGO | 2.10% | 1.31% | 1.31% |
| Microsoft Corp.MSFT | 3.32% | 1.28% | 1.28% |
| META Platforms-aMETA | 1.85% | 1.21% | 1.21% |
| Costco WholesaleCOST | 1.16% | 1.11% | 1.11% |
| LAM ResearchLRCX | 1.09% | 1.56% | 1.09% |
| Walmart Inc.WMT | 1.55% | 0.91% | 0.91% |
| Netflix Inc.NFLX | 0.99% | 0.65% | 0.65% |
| Texas InstrumentTXN | 0.76% | 0.60% | 0.60% |
| Analog DevicesADI | 0.55% | 1.10% | 0.55% |
| Pepsico Inc.PEP | 0.54% | 1.19% | 0.54% |
| ADV Micro DeviceAMD | 2.30% | 0.46% | 0.46% |
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: QLD, SEC Form N-PORT, May 31, 2026; JEPI, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | QLD | JEPI |
|---|---|---|
| Morgan Stanley | $140K | $2.8B |
| Bank of America Corp. | $1.2M | $1.7B |
| Wells Fargo & Company | $132 | $977.4M |
| Envestnet Asset Management Inc. | $3.0M | $638.9M |
| LPL Financial LLC | $14.7M | $585.3M |
| Royal Bank of Canada | $4K | $452.9M |
| UBS Group AG | $4.0M | $369.0M |
| Osaic Holdings, Inc. | $7.4M | $327.3M |
| JPMorgan Chase & Co | $4K | $329.5M |
| Commonwealth Equity Services, LLC | $394K | $221.0M |
| Cambridge Investment Research Advisors, Inc. | $4.8M | $213.2M |
| Jones Financial Companies LLLP | $141K | $192.7M |
| MML Investors Services, LLC | $311K | $187.5M |
| CIBC Bancorp USA Inc. | $640K | $165.2M |
| Northwestern Mutual Wealth Management Co | $96K | $151.0M |
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: QLD institutional holders, JEPI institutional holders.
Frequently asked questions
How much do QLD and JEPI overlap?
18.8% by weight, with 30 holdings in common, using holdings for QLD as of May 31, 2026 and JEPI as of June 30, 2026. The largest shared position is NVDA.
Do institutions hold both QLD and JEPI?
144 Form 13F filers report positions in both, out of 1,488 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%.