SMMD vs SMLF overlap
SMMD and SMLF overlap 31.3% by weight, across 321 shared holdings.
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Top shared holdings
| Holding | SMMD | SMLF | Overlap |
|---|---|---|---|
| Carpenter TechCRS | 0.40% | 0.43% | 0.40% |
| Nvent ElectricNVT | 0.36% | 0.80% | 0.36% |
| ATI Inc.ATI | 0.35% | 0.40% | 0.35% |
| Sterling InfrastSTRL | 0.34% | 0.45% | 0.34% |
| Woodward Inc.WWD | 0.34% | 0.33% | 0.33% |
| SOFI TechnologieSOFI | 0.30% | 0.29% | 0.29% |
| Guardant HealthGH | 0.25% | 0.49% | 0.25% |
| Reliance Inc.RS | 0.25% | 0.56% | 0.25% |
| Affirm HoldingsAFRM | 0.30% | 0.25% | 0.25% |
| ROKU Inc.ROKU | 0.24% | 0.26% | 0.24% |
| US Foods HoldingUSFD | 0.30% | 0.24% | 0.24% |
| ITT Inc.ITT | 0.23% | 0.35% | 0.23% |
| East West BncrpEWBC | 0.23% | 0.43% | 0.23% |
| Royal Gold Inc.RGLD | 0.22% | 0.32% | 0.22% |
| MKS Inc.MKSI | 0.40% | 0.22% | 0.22% |
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: SMMD, SEC Form N-PORT, June 30, 2026; SMLF, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | SMMD | SMLF |
|---|---|---|
| Fifth Third Bancorp | $318.9M | $1.5M |
| Bank of America Corp. | $161.3M | $127.3M |
| Wells Fargo & Company | $3.9M | $271.7M |
| Bank of Montreal | $212.9M | $103K |
| Ameriprise Financial Inc. | $13.8M | $194.2M |
| LPL Financial LLC | $25.8M | $142.0M |
| FMR LLC | $99.2M | $64.3M |
| Focus Partners Wealth | $71.1M | $26.0M |
| CENTRAL TRUST Co | $95.9M | $98K |
| UBS Group AG | $71.0M | $19.9M |
| Raymond James Financial Inc. | $45.5M | $43.6M |
| Cetera Investment Advisers | $1.6M | $74.2M |
| Cambridge Investment Research Advisors, Inc. | $2.6M | $70.4M |
| HighTower Advisors, LLC | $11.7M | $57.6M |
| Osaic Holdings, Inc. | $25.1M | $41.4M |
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: SMMD institutional holders, SMLF institutional holders.
Frequently asked questions
How much do SMMD and SMLF overlap?
31.3% by weight, with 321 holdings in common, using holdings for SMMD as of June 30, 2026 and SMLF as of July 31, 2026. The largest shared position is CRS.
Do institutions hold both SMMD and SMLF?
90 Form 13F filers report positions in both, out of 470 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%.