QQQM vs IWB overlap
QQQM and IWB overlap 49.7% by weight, across 91 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | QQQM | IWB | Overlap |
|---|---|---|---|
| Nvidia Corp.NVDA | 8.13% | 6.72% | 6.72% |
| Apple Inc.AAPL | 7.26% | 6.03% | 6.03% |
| Microsoft Corp.MSFT | 5.30% | 3.99% | 3.99% |
| Amazon.COM Inc.AMZN | 4.60% | 3.33% | 3.33% |
| Alphabet Inc.-aGOOGL | 3.51% | 3.00% | 3.00% |
| Broadcom Inc.AVGO | 3.36% | 2.53% | 2.53% |
| Alphabet Inc.-CGOOG | 3.24% | 2.42% | 2.42% |
| Micron TechMU | 4.78% | 1.87% | 1.87% |
| META Platforms-aMETA | 2.96% | 1.78% | 1.78% |
| Tesla Inc.TSLA | 3.45% | 1.77% | 1.77% |
| ADV Micro DeviceAMD | 3.68% | 1.36% | 1.36% |
| Intel Corp.INTC | 2.51% | 0.88% | 0.88% |
| Applied MaterialAMAT | 1.56% | 0.83% | 0.83% |
| LAM ResearchLRCX | 1.74% | 0.78% | 0.78% |
| Walmart Inc.WMT | 2.47% | 0.72% | 0.72% |
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: QQQM, SEC Form N-PORT, May 31, 2026; IWB, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | QQQM | IWB |
|---|---|---|
| Jones Financial Companies LLLP | $1.2B | $3.5B |
| FMR LLC | $564.9M | $4.1B |
| LPL Financial LLC | $3.6B | $1.0B |
| Envestnet Asset Management Inc. | $2.3B | $1.6B |
| Morgan Stanley | $1.6B | $835.7M |
| Bank of America Corp. | $514.3M | $1.9B |
| Northwestern Mutual Wealth Management Co | $1.2B | $547.7M |
| PNC Financial Services Group, Inc. | $626.9M | $947.3M |
| First Command Advisory Services, Inc. | $1.4B | $176K |
| National Mutual Insurance Federation of Agricultural Cooperatives | $1.0B | $323.9M |
| Raymond James Financial Inc. | $1.0B | $231.4M |
| Ameriprise Financial Inc. | $935.7M | $197.6M |
| Northern Trust Corp. | $833K | $1.0B |
| Invesco Ltd. | $975.5M | $276K |
| BlackRock, Inc. | $3.6M | $937.7M |
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: QQQM institutional holders, IWB institutional holders.
Frequently asked questions
How much do QQQM and IWB overlap?
49.7% by weight, with 91 holdings in common, using holdings for QQQM as of May 31, 2026 and IWB as of June 30, 2026. The largest shared position is NVDA.
Do institutions hold both QQQM and IWB?
649 Form 13F filers report positions in both, out of 2,255 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%.