REGL vs FFSM overlap
REGL and FFSM overlap 4.6% by weight, across 9 shared holdings.
Pick 2 to 4 ETFs.
These funds report on different dates (REGL: May 31, 2026, FFSM: July 31, 2026), so market moves and index changes between those dates lower the number. Funds tracking the same index can read well below their true overlap.
Top shared holdings
| Holding | REGL | FFSM | Overlap |
|---|---|---|---|
| Ensign Group Inc.ENSG | 1.37% | 0.91% | 0.91% |
| Primerica Inc.PRI | 1.52% | 0.78% | 0.78% |
| Reinsurance GROURGA | 1.50% | 0.71% | 0.71% |
| Silgan HoldingsSLGN | 1.45% | 0.49% | 0.49% |
| Idacorp Inc.IDA | 1.52% | 0.45% | 0.45% |
| First American FFAF | 1.55% | 0.44% | 0.44% |
| Lithia MotorsLAD | 1.63% | 0.34% | 0.34% |
| AMER FINL GroupAFG | 1.56% | 0.32% | 0.32% |
| GATX Corp.GATX | 1.33% | 0.18% | 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: REGL, SEC Form N-PORT, May 31, 2026; FFSM, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | REGL | FFSM |
|---|---|---|
| FMR LLC | $919K | $1.0B |
| Morgan Stanley | $202.6M | $149K |
| Commonwealth Equity Services, LLC | $17.3M | $48.3M |
| Northwestern Mutual Wealth Management Co | $57.9M | $114K |
| Wells Fargo & Company | $35.8M | $1K |
| Royal Bank of Canada | $27.8M | $21K |
| KOM Wealth Management Group, LLC | $3.5M | $16.0M |
| Envestnet Asset Management Inc. | $12.3M | $6.9M |
| Cambridge Investment Research Advisors, Inc. | $14.7M | $2.8M |
| Osaic Holdings, Inc. | $11.6M | $646K |
| Cetera Investment Advisers | $5.6M | $5.2M |
| Jones Financial Companies LLLP | $8.3M | $1K |
| Wealth Enhancement Advisory Services, LLC | $2.2M | $4.9M |
| Principal Securities, Inc. | $2.7M | $2.8M |
| JPMorgan Chase & Co | $506K | $4.8M |
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: REGL institutional holders, FFSM institutional holders.
Frequently asked questions
How much do REGL and FFSM overlap?
4.6% by weight, with 9 holdings in common, using holdings for REGL as of May 31, 2026 and FFSM as of July 31, 2026. The largest shared position is ENSG.
Do institutions hold both REGL and FFSM?
39 Form 13F filers report positions in both, out of 286 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%.