SMLF vs JHMM overlap
SMLF and JHMM overlap 33.1% by weight, across 303 shared holdings.
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Top shared holdings
| Holding | SMLF | JHMM | Overlap |
|---|---|---|---|
| Flex Ltd.FLEX | 0.78% | 0.85% | 0.78% |
| Jabil Inc.JBL | 0.75% | 0.42% | 0.42% |
| Emcor Group Inc.EME | 0.95% | 0.38% | 0.38% |
| United TherapeutUTHR | 0.39% | 0.32% | 0.32% |
| Williams-SonomaWSM | 0.61% | 0.32% | 0.32% |
| Astera Labs Inc.ALAB | 0.70% | 0.32% | 0.32% |
| Interactive BROKIBKR | 0.83% | 0.31% | 0.31% |
| Tapestry Inc.TPR | 0.66% | 0.31% | 0.31% |
| Carpenter TechCRS | 0.43% | 0.29% | 0.29% |
| Casey's GeneralCASY | 0.32% | 0.29% | 0.29% |
| Nvent ElectricNVT | 0.80% | 0.28% | 0.28% |
| FTAI Aviation LTFTAI | 0.28% | 0.29% | 0.28% |
| East West BncrpEWBC | 0.43% | 0.28% | 0.28% |
| Reliance Inc.RS | 0.56% | 0.28% | 0.28% |
| ATI Inc.ATI | 0.40% | 0.26% | 0.26% |
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: SMLF, SEC Form N-PORT, July 31, 2026; JHMM, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | SMLF | JHMM |
|---|---|---|
| Ameriprise Financial Inc. | $194.2M | $374.8M |
| Wells Fargo & Company | $271.7M | $282.7M |
| LPL Financial LLC | $142.0M | $375.9M |
| Morgan Stanley | $26.2M | $285.2M |
| Raymond James Financial Inc. | $43.6M | $240.1M |
| Bank of America Corp. | $127.3M | $107.1M |
| Northwestern Mutual Wealth Management Co | $36.9M | $162.9M |
| Jones Financial Companies LLLP | $5K | $182.3M |
| UBS Group AG | $19.9M | $157.5M |
| Commonwealth Equity Services, LLC | $31.9M | $131.1M |
| Cetera Investment Advisers | $74.2M | $78.0M |
| Valmark Advisers, Inc. | $114.2M | $1.7M |
| Cambridge Investment Research Advisors, Inc. | $70.4M | $36.0M |
| Financial Management Professionals, Inc. | $42.3M | $60.6M |
| Royal Bank of Canada | $6.3M | $89.2M |
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: SMLF institutional holders, JHMM institutional holders.
Frequently asked questions
How much do SMLF and JHMM overlap?
33.1% by weight, with 303 holdings in common, using holdings for SMLF as of July 31, 2026 and JHMM as of June 30, 2026. The largest shared position is FLEX.
Do institutions hold both SMLF and JHMM?
111 Form 13F filers report positions in both, out of 486 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%.