SPHQ vs IWY overlap
SPHQ and IWY overlap 24.4% by weight, across 31 shared holdings.
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Top shared holdings
| Holding | SPHQ | IWY | Overlap |
|---|---|---|---|
| Apple Inc.AAPL | 5.21% | 7.14% | 5.21% |
| Applied MaterialAMAT | 2.63% | 1.97% | 1.97% |
| VISA Inc.-Class aV | 5.57% | 1.95% | 1.95% |
| LAM ResearchLRCX | 3.97% | 1.86% | 1.86% |
| Mastercard Inc.-aMA | 5.76% | 1.43% | 1.43% |
| KLA Corp.KLAC | 2.37% | 1.36% | 1.36% |
| General ElectricGE | 3.95% | 1.33% | 1.33% |
| Sandisk Corp.SNDK | 2.37% | 1.14% | 1.14% |
| GE Vernova Inc.GEV | 4.13% | 1.09% | 1.09% |
| Netflix Inc.NFLX | 3.71% | 1.03% | 1.03% |
| Texas InstrumentTXN | 2.21% | 0.93% | 0.93% |
| Western DigitalWDC | 3.08% | 0.74% | 0.74% |
| Costco WholesaleCOST | 3.99% | 0.63% | 0.63% |
| Intuitive SurgicISRG | 1.23% | 0.48% | 0.48% |
| Applovin Co-CL aAPP | 2.06% | 0.43% | 0.43% |
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; IWY, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | SPHQ | IWY |
|---|---|---|
| LPL Financial LLC | $1.2B | $682.6M |
| Ameriprise Financial Inc. | $821.9M | $1.0B |
| Bank of America Corp. | $450.8M | $979.9M |
| TIAA-CREF Individual & Institutional Services, LLC | $611K | $1.4B |
| Envestnet Portfolio Solutions, Inc. | $8.4M | $1.1B |
| Morgan Stanley | $516.1M | $393.4M |
| FMR LLC | $842.6M | $9.5M |
| Wells Fargo & Company | $523.9M | $224.9M |
| Envestnet Asset Management Inc. | $606.5M | $116.0M |
| Cliftonlarsonallen Wealth Advisors, LLC | $663.6M | $39.1M |
| Raymond James Financial Inc. | $403.3M | $172.6M |
| Wealth Enhancement Advisory Services, LLC | $522.5M | $4.4M |
| Osaic Holdings, Inc. | $243.7M | $180.9M |
| Commonwealth Equity Services, LLC | $97.4M | $240.7M |
| Jones Financial Companies LLLP | $257.8M | $60.3M |
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, IWY institutional holders.
Frequently asked questions
How much do SPHQ and IWY overlap?
24.4% by weight, with 31 holdings in common, using holdings for SPHQ as of July 31, 2026 and IWY as of June 30, 2026. The largest shared position is AAPL.
Do institutions hold both SPHQ and IWY?
339 Form 13F filers report positions in both, out of 1,167 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%.