SPMD vs IWP overlap
SPMD and IWP overlap 20.0% by weight, across 98 shared holdings.
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Top shared holdings
| Holding | SPMD | IWP | Overlap |
|---|---|---|---|
| Carpenter TechCRS | 0.84% | 0.81% | 0.81% |
| ATI Inc.ATI | 0.74% | 0.73% | 0.73% |
| Mastec Inc.MTZ | 0.71% | 0.71% | 0.71% |
| Woodward Inc.WWD | 0.70% | 0.69% | 0.69% |
| Sterling InfrastSTRL | 0.71% | 0.69% | 0.69% |
| Macom TechnologyMTSI | 0.69% | 0.70% | 0.69% |
| XPO Inc.XPO | 0.66% | 0.64% | 0.64% |
| Everpure Inc.-aP | 0.68% | 0.58% | 0.58% |
| Lattice SemicondLSCC | 0.58% | 0.57% | 0.57% |
| FabrinetFN | 0.55% | 0.55% | 0.55% |
| Burlington StoreBURL | 0.55% | 0.54% | 0.54% |
| ROKU Inc.ROKU | 0.50% | 0.47% | 0.47% |
| BWX TechnologiesBWXT | 0.49% | 0.46% | 0.46% |
| Sitime Corp.SITM | 0.46% | 0.45% | 0.45% |
| TTM TechnologiesTTMI | 0.53% | 0.45% | 0.45% |
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: SPMD, SEC Form N-PORT, June 30, 2026; IWP, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | SPMD | IWP |
|---|---|---|
| Creative Planning | $6.8B | $60.8M |
| Morgan Stanley | $263.0M | $2.9B |
| Bank of America Corp. | $585.0M | $1.0B |
| LPL Financial LLC | $909.1M | $399.1M |
| Betterment LLC | $1.3B | $2.5M |
| Envestnet Asset Management Inc. | $303.2M | $858.9M |
| Wells Fargo & Company | $102.6M | $781.1M |
| First Command Advisory Services, Inc. | $137.7M | $577.1M |
| UBS Group AG | $115.9M | $398.0M |
| Valmark Advisers, Inc. | $479.6M | $629K |
| Ameriprise Financial Inc. | $17.4M | $373.5M |
| PNC Financial Services Group, Inc. | $661K | $354.9M |
| Northwestern Mutual Wealth Management Co | $129.6M | $217.6M |
| Commonwealth Equity Services, LLC | $15.1M | $324.8M |
| Cassaday & Co Wealth Management LLC | $416K | $328.4M |
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: SPMD institutional holders, IWP institutional holders.
Frequently asked questions
How much do SPMD and IWP overlap?
20.0% by weight, with 98 holdings in common, using holdings for SPMD as of June 30, 2026 and IWP as of June 30, 2026. The largest shared position is CRS.
Do institutions hold both SPMD and IWP?
428 Form 13F filers report positions in both, out of 1,633 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%.