SPHQ vs GSLC overlap
SPHQ and GSLC overlap 22.4% by weight, across 80 shared holdings.
Pick 2 to 4 ETFs.
These funds report on different dates (SPHQ: July 31, 2026, GSLC: May 31, 2026), so market moves and index changes between those dates lower the number. Funds tracking the same index can read well below their true overlap.
Top shared holdings
| Holding | SPHQ | GSLC | Overlap |
|---|---|---|---|
| Apple Inc.AAPL | 5.21% | 7.00% | 5.21% |
| LAM ResearchLRCX | 3.97% | 0.71% | 0.71% |
| VISA Inc.-Class aV | 5.57% | 0.70% | 0.70% |
| Mastercard Inc.-aMA | 5.76% | 0.61% | 0.61% |
| Cisco SystemsCSCO | 3.73% | 0.59% | 0.59% |
| Western DigitalWDC | 3.08% | 0.57% | 0.57% |
| Applied MaterialAMAT | 2.63% | 0.56% | 0.56% |
| Costco WholesaleCOST | 3.99% | 0.56% | 0.56% |
| Qualcomm Inc.QCOM | 2.05% | 0.52% | 0.52% |
| Applovin Co-CL aAPP | 2.06% | 0.47% | 0.47% |
| TJX COS Inc.TJX | 1.58% | 0.44% | 0.44% |
| KLA Corp.KLAC | 2.37% | 0.41% | 0.41% |
| Seagate TechnoloSTX | 1.50% | 0.39% | 0.39% |
| WW Grainger Inc.GWW | 0.54% | 0.39% | 0.39% |
| Netflix Inc.NFLX | 3.71% | 0.37% | 0.37% |
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: SPHQ, SEC Form N-PORT, July 31, 2026; GSLC, SEC Form N-PORT, May 31, 2026.
Largest institutions holding both
| Firm | SPHQ | GSLC |
|---|---|---|
| Wells Fargo & Company | $523.9M | $3.9B |
| LPL Financial LLC | $1.2B | $456.9M |
| Morgan Stanley | $516.1M | $715.1M |
| Northwestern Mutual Wealth Management Co | $229.0M | $991.5M |
| Envestnet Asset Management Inc. | $606.5M | $451.5M |
| FMR LLC | $842.6M | $16.1M |
| Bank of America Corp. | $450.8M | $387.4M |
| Ameriprise Financial Inc. | $821.9M | $2.9M |
| Betterment LLC | $892K | $810.4M |
| Cliftonlarsonallen Wealth Advisors, LLC | $663.6M | $3.4M |
| Raymond James Financial Inc. | $403.3M | $165.2M |
| Wealth Enhancement Advisory Services, LLC | $522.5M | $38.8M |
| Signature Estate & Investment Advisors LLC | $487K | $415.6M |
| Royal Bank of Canada | $200.7M | $91.4M |
| SFMG, LLC | $154.1M | $123.5M |
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: SPHQ institutional holders, GSLC institutional holders.
Frequently asked questions
How much do SPHQ and GSLC overlap?
22.4% by weight, with 80 holdings in common, using holdings for SPHQ as of July 31, 2026 and GSLC as of May 31, 2026. The largest shared position is AAPL.
Do institutions hold both SPHQ and GSLC?
326 Form 13F filers report positions in both, out of 1,135 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%.