QVAL vs AVSU overlap

QVAL and AVSU overlap 3.6% by weight, across 32 shared holdings.

QVALAVSU

Pick 2 to 4 ETFs.

3.6%

overlap by weight, across 32 shared holdings

QVAL63.6% of the fund is in shared holdings, of 48

AVSU3.6% of the fund is in shared holdings, of 1,320

Top shared holdings

Holding	QVAL	AVSU	Overlap
Verizon CommunicVZ	1.84%	0.55%	0.55%
At&T Inc.T	1.85%	0.47%	0.47%
Comcast Corp.-aCMCSA	2.14%	0.23%	0.23%
United Parcel-BUPS	2.00%	0.23%	0.23%
Newmont Corp.NEM	1.95%	0.19%	0.19%
Elevance HealthELV	2.00%	0.19%	0.19%
Pfizer Inc.PFE	2.02%	0.18%	0.18%
Pultegroup Inc.PHM	2.02%	0.17%	0.17%
Regeneron PharmREGN	1.99%	0.14%	0.14%
Dr Horton Inc.DHI	1.96%	0.14%	0.14%
United TherapeutUTHR	2.03%	0.13%	0.13%
Best BUY Co Inc.BBY	1.97%	0.12%	0.12%
Deckers OutdoorDECK	1.93%	0.12%	0.12%
Exelixis Inc.EXEL	2.02%	0.10%	0.10%
Edison IntlEIX	1.99%	0.10%	0.10%

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: QVAL, SEC Form N-PORT, June 30, 2026; AVSU, SEC Form N-PORT, May 31, 2026.

institutions report holding both, of 141 holding any

QVAL12.4% of its 13F dollars, 21.5% of its 65 holders

AVSU14.0% of its 13F dollars, 15.6% of its 90 holders

Largest institutions holding both

Firm	QVAL	AVSU
Waverly Advisors, LLC	$11.5M	$11.0M
LPL Financial LLC	$5.1M	$11.1M
Commonwealth Equity Services, LLC	$691K	$12.1M
Mariner, LLC	$3.1M	$3.4M
Vestment Financial LLC	$3.8M	$2.6M
Royal Bank of Canada	$6.1M	$52K
Quarry Hill Advisors, LLC	$2.9M	$644K
Northwestern Mutual Wealth Management Co	$3.5M	$43K
Morgan Stanley	$195K	$741K
Two Sigma Investments, LP	$393K	$496K
Cetera Investment Advisers	$223K	$384K
Osaic Holdings, Inc.	$412K	$194K
Farther Finance Advisors, LLC	$6K	$139K
JPMorgan Chase & Co	$35K	$47K

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: QVAL institutional holders, AVSU institutional holders.

Frequently asked questions

How much do QVAL and AVSU overlap?

3.6% by weight, with 32 holdings in common, using holdings for QVAL as of June 30, 2026 and AVSU as of May 31, 2026. The largest shared position is VZ.

Do institutions hold both QVAL and AVSU?

14 Form 13F filers report positions in both, out of 141 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%.