QQEW vs FQAL overlap
QQEW and FQAL overlap 23.1% by weight, across 22 shared holdings.
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Top shared holdings
| Holding | QQEW | FQAL | Overlap |
|---|---|---|---|
| Nvidia Corp.NVDA | 1.86% | 7.69% | 1.86% |
| Apple Inc.AAPL | 1.82% | 7.22% | 1.82% |
| META Platforms-aMETA | 1.75% | 1.90% | 1.75% |
| Broadcom Inc.AVGO | 1.66% | 3.36% | 1.66% |
| Microsoft Corp.MSFT | 1.63% | 5.62% | 1.63% |
| Seagate TechnoloSTX | 2.15% | 1.41% | 1.41% |
| LAM ResearchLRCX | 2.67% | 1.31% | 1.31% |
| Fortinet Inc.FTNT | 2.18% | 1.27% | 1.27% |
| KLA Corp.KLAC | 3.08% | 1.13% | 1.13% |
| Airbnb Inc.-aABNB | 2.11% | 1.06% | 1.06% |
| Booking HoldingsBKNG | 2.09% | 1.05% | 1.05% |
| Alphabet Inc.-aGOOGL | 0.92% | 5.58% | 0.92% |
| Palantir Techn-aPLTR | 1.46% | 0.90% | 0.90% |
| Qualcomm Inc.QCOM | 1.44% | 0.78% | 0.78% |
| Amgen Inc.AMGN | 2.11% | 0.76% | 0.76% |
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: QQEW, SEC Form N-PORT, June 30, 2026; FQAL, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | QQEW | FQAL |
|---|---|---|
| FMR LLC | $526K | $576.6M |
| Morgan Stanley | $218.3M | $5.1M |
| Wells Fargo & Company | $128.1M | $6K |
| Envestnet Asset Management Inc. | $13.2M | $111.8M |
| LPL Financial LLC | $101.2M | $7.8M |
| Kestra Advisory Services, LLC | $21.7M | $61.9M |
| Raymond James Financial Inc. | $62.4M | $5.9M |
| Royal Bank of Canada | $47.1M | $6.1M |
| UBS Group AG | $43.2M | $313K |
| Cambridge Investment Research Advisors, Inc. | $37.8M | $4.8M |
| Osaic Holdings, Inc. | $19.7M | $10.1M |
| JPMorgan Chase & Co | $8.4M | $18.9M |
| Cetera Investment Advisers | $10.9M | $13.3M |
| Commonwealth Equity Services, LLC | $13.9M | $9.2M |
| Bank of America Corp. | $13.8M | $4.0M |
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: QQEW institutional holders, FQAL institutional holders.
Frequently asked questions
How much do QQEW and FQAL overlap?
23.1% by weight, with 22 holdings in common, using holdings for QQEW as of June 30, 2026 and FQAL as of July 31, 2026. The largest shared position is NVDA.
Do institutions hold both QQEW and FQAL?
63 Form 13F filers report positions in both, out of 361 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%.