SPLV vs FDL overlap
SPLV and FDL overlap 15.5% by weight, across 18 shared holdings.
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Top shared holdings
| Holding | SPLV | FDL | Overlap |
|---|---|---|---|
| DUKE Energy Corp.DUK | 1.25% | 2.21% | 1.25% |
| Southern CoSO | 1.16% | 2.32% | 1.16% |
| Dominion EnergyD | 1.13% | 1.50% | 1.13% |
| Exelon Corp.EXC | 1.06% | 1.15% | 1.06% |
| Kinder Morgan inKMI | 0.94% | 1.54% | 0.94% |
| Medtronic PLCMDT | 0.93% | 2.28% | 0.93% |
| PUB SERV EnterpPEG | 1.01% | 0.90% | 0.90% |
| CONS Edison Inc.ED | 1.08% | 0.89% | 0.89% |
| Chevron Corp.CVX | 0.88% | 7.43% | 0.88% |
| Altria Group Inc.MO | 0.86% | 4.64% | 0.86% |
| US BancorpUSB | 0.85% | 2.27% | 0.85% |
| Mondelez Inter-aMDLZ | 0.85% | 1.57% | 0.85% |
| Pepsico Inc.PEP | 0.84% | 4.84% | 0.84% |
| WEC Energy GroupWEC | 1.24% | 0.84% | 0.84% |
| Firstenergy Corp.FE | 1.34% | 0.68% | 0.68% |
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: SPLV, SEC Form N-PORT, May 31, 2026; FDL, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | SPLV | FDL |
|---|---|---|
| LPL Financial LLC | $286.7M | $775.0M |
| Morgan Stanley | $370.3M | $432.8M |
| Bank of America Corp. | $521.8M | $125.4M |
| Ameriprise Financial Inc. | $92.9M | $276.5M |
| Raymond James Financial Inc. | $84.0M | $247.4M |
| Wells Fargo & Company | $104.6M | $157.8M |
| Royal Bank of Canada | $137.8M | $120.4M |
| UBS Group AG | $71.1M | $120.1M |
| Cambridge Investment Research Advisors, Inc. | $40.8M | $124.7M |
| FMR LLC | $163.8M | $1.8M |
| Cetera Investment Advisers | $38.9M | $124.1M |
| Osaic Holdings, Inc. | $55.5M | $84.3M |
| Northwestern Mutual Wealth Management Co | $14.1M | $109.8M |
| Envestnet Asset Management Inc. | $45.6M | $74.2M |
| Commonwealth Equity Services, LLC | $62.7M | $48.5M |
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: SPLV institutional holders, FDL institutional holders.
Frequently asked questions
How much do SPLV and FDL overlap?
15.5% by weight, with 18 holdings in common, using holdings for SPLV as of May 31, 2026 and FDL as of June 30, 2026. The largest shared position is DUK.
Do institutions hold both SPLV and FDL?
258 Form 13F filers report positions in both, out of 997 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%.