SCHM vs IWO overlap
SCHM and IWO overlap 2.9% by weight, across 36 shared holdings.
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Top shared holdings
| Holding | SCHM | IWO | Overlap |
|---|---|---|---|
| Healthequity Inc.HQY | 0.14% | 0.46% | 0.14% |
| Fluor Corp.FLR | 0.14% | 0.14% | 0.14% |
| JOBY Aviation inJOBY | 0.13% | 0.36% | 0.13% |
| ZURN Elkay WaterZWS | 0.13% | 0.46% | 0.13% |
| Alkermes PLCALKS | 0.13% | 0.42% | 0.13% |
| Vaxcyte Inc.PCVX | 0.12% | 0.29% | 0.12% |
| FED Signal Corp.FSS | 0.12% | 0.47% | 0.12% |
| Interdigital Inc.IDCC | 0.12% | 0.44% | 0.12% |
| Brinker IntlEAT | 0.11% | 0.44% | 0.11% |
| Valley NATL BANCVLY | 0.12% | 0.11% | 0.11% |
| Glaukos Corp.GKOS | 0.11% | 0.48% | 0.11% |
| Noble Corp. PLCNE | 0.11% | 0.27% | 0.11% |
| Novanta Inc.NOVT | 0.11% | 0.35% | 0.11% |
| HIMS & HERS HEALHIMS | 0.10% | 0.45% | 0.10% |
| Commvault SystemCVLT | 0.10% | 0.38% | 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: SCHM, SEC Form N-PORT, May 31, 2026; IWO, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | SCHM | IWO |
|---|---|---|
| Financial Engines Advisors L.L.C. | $1.9B | $87.9M |
| Bank of America Corp. | $35.6M | $1.4B |
| Creative Planning | $1.1B | $67.3M |
| Morgan Stanley | $60.8M | $917.3M |
| Northwestern Mutual Wealth Management Co | $463.4M | $63.4M |
| Envestnet Asset Management Inc. | $57.2M | $425.6M |
| Moneta Group Investment Advisors LLC | $433.9M | $30.6M |
| Goldman Sachs Group Inc. | $19.5M | $380.5M |
| Cassaday & Co Wealth Management LLC | $139K | $373.1M |
| Jones Financial Companies LLLP | $266.2M | $61.1M |
| LPL Financial LLC | $74.4M | $235.8M |
| Wells Fargo & Company | $17.1M | $277.7M |
| UBS Group AG | $84.3M | $201.4M |
| HighTower Advisors, LLC | $226.7M | $29.0M |
| Raymond James Financial Inc. | $68.6M | $171.0M |
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: SCHM institutional holders, IWO institutional holders.
Frequently asked questions
How much do SCHM and IWO overlap?
2.9% by weight, with 36 holdings in common, using holdings for SCHM as of May 31, 2026 and IWO as of June 30, 2026. The largest shared position is HQY.
Do institutions hold both SCHM and IWO?
478 Form 13F filers report positions in both, out of 1,695 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%.