QQQ vs ITOT overlap
QQQ and ITOT overlap 48.4% by weight, across 93 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | QQQ | ITOT | Overlap |
|---|---|---|---|
| Nvidia Corp.NVDA | 7.60% | 6.63% | 6.63% |
| Apple Inc.AAPL | 6.67% | 5.81% | 5.81% |
| Microsoft Corp.MSFT | 4.35% | 3.79% | 3.79% |
| Amazon.COM Inc.AMZN | 4.02% | 3.19% | 3.19% |
| Alphabet Inc.-aGOOGL | 3.27% | 2.86% | 2.86% |
| Broadcom Inc.AVGO | 2.81% | 2.45% | 2.45% |
| Alphabet Inc.-CGOOG | 3.02% | 2.29% | 2.29% |
| Micron TechMU | 5.64% | 1.78% | 1.78% |
| META Platforms-aMETA | 2.62% | 1.69% | 1.69% |
| Tesla Inc.TSLA | 3.30% | 1.62% | 1.62% |
| ADV Micro DeviceAMD | 4.10% | 1.30% | 1.30% |
| Intel Corp.INTC | 3.04% | 0.90% | 0.90% |
| Applied MaterialAMAT | 2.49% | 0.78% | 0.78% |
| LAM ResearchLRCX | 2.35% | 0.74% | 0.74% |
| Walmart Inc.WMT | 2.39% | 0.68% | 0.68% |
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: QQQ, SEC Form N-PORT, June 30, 2026; ITOT, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | QQQ | ITOT |
|---|---|---|
| Morgan Stanley | $15.6B | $1.7B |
| Wells Fargo & Company | $5.3B | $10.9B |
| BlackRock, Inc. | $145.9M | $14.1B |
| Bank of America Corp. | $12.5B | $1.1B |
| LPL Financial LLC | $7.8B | $1.1B |
| Goldman Sachs Group Inc. | $4.7B | $45.3M |
| UBS Group AG | $4.2B | $159.6M |
| Raymond James Financial Inc. | $3.1B | $330.0M |
| Royal Bank of Canada | $3.1B | $187.5M |
| Ameriprise Financial Inc. | $2.8B | $348.8M |
| Envestnet Asset Management Inc. | $2.2B | $686.3M |
| Wealthfront Advisers LLC | $134.8M | $2.5B |
| Northwestern Mutual Wealth Management Co | $2.3B | $73.0M |
| JPMorgan Chase & Co | $2.1B | $291.6M |
| Citigroup Inc. | $2.2B | $219K |
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: QQQ institutional holders, ITOT institutional holders.
Frequently asked questions
How much do QQQ and ITOT overlap?
48.4% by weight, with 93 holdings in common, using holdings for QQQ as of June 30, 2026 and ITOT as of June 30, 2026. The largest shared position is NVDA.
Do institutions hold both QQQ and ITOT?
1,450 Form 13F filers report positions in both, out of 4,265 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%.