SPSM vs DFAS overlap
SPSM and DFAS overlap 34.3% by weight, across 535 shared holdings.
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Top shared holdings
| Holding | SPSM | DFAS | Overlap |
|---|---|---|---|
| Life Time GroupLTH | 0.34% | 0.21% | 0.21% |
| Viasat Inc.VSAT | 0.66% | 0.19% | 0.19% |
| Brinker IntlEAT | 0.39% | 0.19% | 0.19% |
| Stonex Group Inc.SNEX | 0.45% | 0.19% | 0.19% |
| Lincoln NATL CRPLNC | 0.33% | 0.18% | 0.18% |
| Jackson FI-aJXN | 0.39% | 0.18% | 0.18% |
| Krystal BiotechKRYS | 0.53% | 0.18% | 0.18% |
| Match Group Inc.MTCH | 0.48% | 0.17% | 0.17% |
| ESCO Tech Inc.ESE | 0.49% | 0.17% | 0.17% |
| Alkermes PLCALKS | 0.47% | 0.16% | 0.16% |
| ETSY Inc.ETSY | 0.39% | 0.16% | 0.16% |
| Mohawk INDSMHK | 0.34% | 0.16% | 0.16% |
| Laureate EducatiLAUR | 0.25% | 0.16% | 0.16% |
| Carmax Inc.KMX | 0.41% | 0.16% | 0.16% |
| Brightspring HEABTSG | 0.60% | 0.16% | 0.16% |
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: SPSM, SEC Form N-PORT, June 30, 2026; DFAS, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | SPSM | DFAS |
|---|---|---|
| Creative Planning | $160.1M | $2.3B |
| LPL Financial LLC | $1.5B | $77.6M |
| Bank of America Corp. | $700.5M | $561.7M |
| Betterment LLC | $1.1B | $1.3M |
| Financial Engines Advisors L.L.C. | $1.1B | $20.4M |
| Northern Trust Corp. | $739K | $778.1M |
| Envestnet Asset Management Inc. | $367.2M | $154.3M |
| Morgan Stanley | $439.1M | $12.6M |
| Valmark Advisers, Inc. | $294.2M | $1.2M |
| Focus Partners Wealth | $19.9M | $269.8M |
| Pure Financial Advisors, LLC | $16.9M | $268.7M |
| Raymond James Financial Inc. | $173.5M | $92.8M |
| Ameriprise Financial Inc. | $251.5M | $2.2M |
| UBS Group AG | $143.2M | $87.9M |
| Vise Technologies, Inc. | $2.0M | $184.3M |
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: SPSM institutional holders, DFAS institutional holders.
Frequently asked questions
How much do SPSM and DFAS overlap?
34.3% by weight, with 535 holdings in common, using holdings for SPSM as of June 30, 2026 and DFAS as of July 31, 2026. The largest shared position is LTH.
Do institutions hold both SPSM and DFAS?
368 Form 13F filers report positions in both, out of 1,595 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%.