QLD vs JEPQ overlap
QLD and JEPQ overlap 53.7% by weight, across 70 shared holdings.
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Top shared holdings
| Holding | QLD | JEPQ | Overlap |
|---|---|---|---|
| Nvidia Corp.NVDA | 5.09% | 6.59% | 5.09% |
| Apple Inc.AAPL | 4.55% | 5.74% | 4.55% |
| Microsoft Corp.MSFT | 3.32% | 3.84% | 3.32% |
| Micron TechMU | 2.99% | 5.50% | 2.99% |
| Amazon.COM Inc.AMZN | 2.88% | 3.62% | 2.88% |
| ADV Micro DeviceAMD | 2.30% | 3.81% | 2.30% |
| Tesla Inc.TSLA | 2.16% | 2.36% | 2.16% |
| Broadcom Inc.AVGO | 2.10% | 2.13% | 2.10% |
| Alphabet Inc.-CGOOG | 2.03% | 4.98% | 2.03% |
| META Platforms-aMETA | 1.85% | 2.35% | 1.85% |
| Intel Corp.INTC | 1.57% | 1.59% | 1.57% |
| Walmart Inc.WMT | 1.55% | 1.76% | 1.55% |
| Cisco SystemsCSCO | 1.30% | 1.32% | 1.30% |
| Costco WholesaleCOST | 1.16% | 1.15% | 1.15% |
| LAM ResearchLRCX | 1.09% | 2.85% | 1.09% |
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; JEPQ, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | QLD | JEPQ |
|---|---|---|
| Morgan Stanley | $140K | $1.6B |
| JPMorgan Chase & Co | $4K | $1.4B |
| LPL Financial LLC | $14.7M | $1.1B |
| Bank of America Corp. | $1.2M | $894.3M |
| Wells Fargo & Company | $132 | $595.6M |
| Royal Bank of Canada | $4K | $299.0M |
| Osaic Holdings, Inc. | $7.4M | $268.3M |
| Envestnet Asset Management Inc. | $3.0M | $266.5M |
| Commonwealth Equity Services, LLC | $394K | $202.2M |
| UBS Group AG | $4.0M | $196.8M |
| Jones Financial Companies LLLP | $141K | $154.8M |
| Allworth Financial LP | $1.6M | $106.2M |
| Cambridge Investment Research Advisors, Inc. | $4.8M | $98.1M |
| MML Investors Services, LLC | $311K | $101.3M |
| Main Street Group, LTD | $100.9M | $41K |
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, JEPQ institutional holders.
Frequently asked questions
How much do QLD and JEPQ overlap?
53.7% by weight, with 70 holdings in common, using holdings for QLD as of May 31, 2026 and JEPQ as of June 30, 2026. The largest shared position is NVDA.
Do institutions hold both QLD and JEPQ?
126 Form 13F filers report positions in both, out of 1,124 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%.