RECS vs FTCS overlap
RECS and FTCS overlap 13.2% by weight, across 20 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | RECS | FTCS | Overlap |
|---|---|---|---|
| Apple Inc.AAPL | 11.50% | 2.16% | 2.16% |
| Mastercard Inc.-aMA | 2.46% | 1.98% | 1.98% |
| TJX COS Inc.TJX | 1.60% | 1.90% | 1.60% |
| Cisco SystemsCSCO | 1.12% | 2.74% | 1.12% |
| Schwab (Charles)SCHW | 0.89% | 2.01% | 0.89% |
| Automatic DataADP | 0.82% | 2.25% | 0.82% |
| Colgate-PalmolivCL | 0.79% | 2.15% | 0.79% |
| Ross Stores Inc.ROST | 0.73% | 1.88% | 0.73% |
| General DynamicsGD | 0.71% | 2.12% | 0.71% |
| Marsh & McLennanMRSH | 0.48% | 1.91% | 0.48% |
| Amgen Inc.AMGN | 0.30% | 2.05% | 0.30% |
| Zoetis Inc.ZTS | 0.28% | 1.18% | 0.28% |
| Gilead SciencesGILD | 0.24% | 1.85% | 0.24% |
| Veralto Corp.VLTO | 0.18% | 1.96% | 0.18% |
| Motorola SolutioMSI | 0.18% | 1.89% | 0.18% |
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: RECS, SEC Form N-PORT, July 31, 2026; FTCS, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | RECS | FTCS |
|---|---|---|
| LPL Financial LLC | $939.1M | $688.7M |
| Morgan Stanley | $305.3M | $494.1M |
| Ameriprise Financial Inc. | $643.1M | $86.1M |
| Raymond James Financial Inc. | $254.4M | $373.1M |
| Bank of America Corp. | $227.1M | $132.4M |
| Wells Fargo & Company | $124.6M | $229.6M |
| Osaic Holdings, Inc. | $141.9M | $120.4M |
| Commonwealth Equity Services, LLC | $156.2M | $73.6M |
| Cetera Investment Advisers | $64.0M | $135.5M |
| Cambridge Investment Research Advisors, Inc. | $29.5M | $167.3M |
| UBS Group AG | $37.4M | $123.7M |
| Royal Bank of Canada | $48.4M | $97.2M |
| Jones Financial Companies LLLP | $42.8M | $82.6M |
| Envestnet Asset Management Inc. | $5.9M | $99.6M |
| Stifel Financial Corp. | $15.3M | $69.3M |
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: RECS institutional holders, FTCS institutional holders.
Frequently asked questions
How much do RECS and FTCS overlap?
13.2% by weight, with 20 holdings in common, using holdings for RECS as of July 31, 2026 and FTCS as of June 30, 2026. The largest shared position is AAPL.
Do institutions hold both RECS and FTCS?
105 Form 13F filers report positions in both, out of 630 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%.