SPGM vs FDLO overlap
SPGM and FDLO overlap 28.4% by weight, across 92 shared holdings.
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Top shared holdings
| Holding | SPGM | FDLO | Overlap |
|---|---|---|---|
| Apple Inc.AAPL | 3.70% | 7.98% | 3.70% |
| Microsoft Corp.MSFT | 2.31% | 6.34% | 2.31% |
| Amazon.COM Inc.AMZN | 1.92% | 4.48% | 1.92% |
| Alphabet Inc.-aGOOGL | 1.83% | 6.20% | 1.83% |
| Broadcom Inc.AVGO | 1.47% | 4.08% | 1.47% |
| JPMorgan ChaseJPM | 0.89% | 1.87% | 0.89% |
| ELI Lilly & CoLLY | 0.83% | 1.80% | 0.83% |
| Exxon Mobil Corp.XOM | 0.59% | 1.13% | 0.59% |
| Berkshire HATH-BBRK/B | 0.58% | 1.81% | 0.58% |
| VISA Inc.-Class aV | 0.58% | 1.37% | 0.58% |
| Cisco SystemsCSCO | 0.49% | 2.20% | 0.49% |
| Johnson&JohnsonJNJ | 0.49% | 1.39% | 0.49% |
| Bank of AmericaBAC | 0.48% | 1.07% | 0.48% |
| Walmart Inc.WMT | 0.42% | 0.89% | 0.42% |
| Abbvie Inc.ABBV | 0.41% | 1.16% | 0.41% |
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: SPGM, SEC Form N-PORT, June 30, 2026; FDLO, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | SPGM | FDLO |
|---|---|---|
| FMR LLC | $210K | $555.6M |
| LPL Financial LLC | $194.1M | $29.1M |
| Commonwealth Equity Services, LLC | $1.2M | $47.9M |
| Envestnet Asset Management Inc. | $2.0M | $36.5M |
| Private Advisor Group, LLC | $36.3M | $241K |
| Bank of America Corp. | $12.6M | $19.3M |
| Osaic Holdings, Inc. | $20.0M | $8.3M |
| Morgan Stanley | $15.7M | $4.2M |
| NewEdge Advisors, LLC | $11.1M | $8.4M |
| Cetera Investment Advisers | $770K | $18.4M |
| Ameritas Advisory Services, LLC | $235K | $17.4M |
| Raymond James Financial Inc. | $7.2M | $9.9M |
| AE Wealth Management LLC | $625K | $14.7M |
| Corient Private Wealth LP | $2.6M | $12.7M |
| Cambridge Investment Research Advisors, Inc. | $7.7M | $4.8M |
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: SPGM institutional holders, FDLO institutional holders.
Frequently asked questions
How much do SPGM and FDLO overlap?
28.4% by weight, with 92 holdings in common, using holdings for SPGM as of June 30, 2026 and FDLO as of July 31, 2026. The largest shared position is AAPL.
Do institutions hold both SPGM and FDLO?
57 Form 13F filers report positions in both, out of 294 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%.