SMLV vs FNK overlap
SMLV and FNK overlap 9.6% by weight, across 37 shared holdings.
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Top shared holdings
| Holding | SMLV | FNK | Overlap |
|---|---|---|---|
| New Jersey RESNJR | 0.46% | 0.44% | 0.44% |
| Spire Inc.SR | 0.40% | 0.58% | 0.40% |
| White MountainsWTM | 0.40% | 0.72% | 0.40% |
| Sonoco ProductsSON | 0.38% | 0.57% | 0.38% |
| MGIC INVT Corp.MTG | 0.38% | 0.76% | 0.38% |
| Post Holdings inPOST | 0.37% | 0.59% | 0.37% |
| Essent Group Ltd.ESNT | 0.36% | 0.73% | 0.36% |
| Home BancsharesHOMB | 0.35% | 0.46% | 0.35% |
| Intl BancsharesIBOC | 0.35% | 0.43% | 0.35% |
| Radian Group Inc.RDN | 0.34% | 0.74% | 0.34% |
| Gentex Corp.GNTX | 0.34% | 0.53% | 0.34% |
| Silgan HoldingsSLGN | 0.30% | 0.37% | 0.30% |
| United BankshsUBSI | 0.33% | 0.30% | 0.30% |
| Assoc BANC-Corp.ASB | 0.30% | 0.43% | 0.30% |
| RLI Corp.RLI | 0.33% | 0.29% | 0.29% |
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: SMLV, SEC Form N-PORT, June 30, 2026; FNK, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | SMLV | FNK |
|---|---|---|
| Cambridge Investment Research Advisors, Inc. | $24.3M | $2.1M |
| LPL Financial LLC | $9.8M | $8.8M |
| Morgan Stanley | $1.8M | $15.3M |
| Wells Fargo & Company | $124 | $16.0M |
| Osaic Holdings, Inc. | $12.1M | $2.8M |
| Cetera Investment Advisers | $3.2M | $8.0M |
| UBS Group AG | $3.5M | $3.1M |
| Susquehanna International Group, LLP | $1.2M | $2.9M |
| Jones Financial Companies LLLP | $1.3M | $2.6M |
| Raymond James Financial Inc. | $537K | $3.3M |
| Envestnet Asset Management Inc. | $3.0M | $266K |
| Commonwealth Equity Services, LLC | $2.2M | $938K |
| Royal Bank of Canada | $1.9M | $1.0M |
| PNC Financial Services Group, Inc. | $1.5M | $10K |
| Stratos Wealth Partners, LTD. | $549K | $608K |
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: SMLV institutional holders, FNK institutional holders.
Frequently asked questions
How much do SMLV and FNK overlap?
9.6% by weight, with 37 holdings in common, using holdings for SMLV as of June 30, 2026 and FNK as of July 31, 2026. The largest shared position is NJR.
Do institutions hold both SMLV and FNK?
26 Form 13F filers report positions in both, out of 132 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%.