RWO vs QLC overlap
RWO and QLC overlap 1.2% by weight, across 6 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | RWO | QLC | Overlap |
|---|---|---|---|
| Simon PropertySPG | 4.26% | 0.58% | 0.58% |
| Alexandria RealARE | 0.49% | 0.55% | 0.49% |
| Avalonbay CommunAVB | 1.54% | 0.04% | 0.04% |
| WP Carey Inc.WPC | 0.94% | 0.03% | 0.03% |
| Kimco RealtyKIM | 1.00% | 0.02% | 0.02% |
| Regency CentersREG | 0.77% | 0.02% | 0.02% |
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: RWO, SEC Form N-PORT, June 30, 2026; QLC, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | RWO | QLC |
|---|---|---|
| Envestnet Asset Management Inc. | $28.2M | $79.0M |
| Bank of America Corp. | $78.0M | $3.6M |
| MML Investors Services, LLC | $5.1M | $42.0M |
| Raymond James Financial Inc. | $23.4M | $7.1M |
| Morgan Stanley | $25.2M | $934K |
| LPL Financial LLC | $13.3M | $10.2M |
| Commonwealth Equity Services, LLC | $355K | $20.4M |
| Northwestern Mutual Wealth Management Co | $1.8M | $10.8M |
| Cerity Partners LLC | $11.8M | $306K |
| Cetera Investment Advisers | $3.5M | $6.0M |
| Cambridge Investment Research Advisors, Inc. | $8.7M | $698K |
| Royal Bank of Canada | $2.7M | $149K |
| Osaic Holdings, Inc. | $1.8M | $600K |
| IFP Advisors, Inc | $128K | $2.0M |
| Wells Fargo & Company | $1.4M | $68 |
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: RWO institutional holders, QLC institutional holders.
Frequently asked questions
How much do RWO and QLC overlap?
1.2% by weight, with 6 holdings in common, using holdings for RWO as of June 30, 2026 and QLC as of July 31, 2026. The largest shared position is SPG.
Do institutions hold both RWO and QLC?
29 Form 13F filers report positions in both, out of 251 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%.