SPUS vs AAAA overlap
SPUS and AAAA overlap 11.3% by weight, across 14 shared holdings.
Pick 2 to 4 ETFs.
These funds report on different dates (SPUS: May 31, 2026, AAAA: July 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 | SPUS | AAAA | Overlap |
|---|---|---|---|
| Microsoft Corp.MSFT | 8.80% | 1.00% | 1.00% |
| Apple Inc.AAPL | 12.06% | 0.96% | 0.96% |
| Nvidia Corp.NVDA | 13.51% | 0.90% | 0.90% |
| Cisco SystemsCSCO | 1.25% | 0.87% | 0.87% |
| Alphabet Inc.-aGOOGL | 5.83% | 0.87% | 0.87% |
| Exxon Mobil Corp.XOM | 1.59% | 0.84% | 0.84% |
| Johnson&JohnsonJNJ | 1.42% | 0.84% | 0.84% |
| Broadcom Inc.AVGO | 5.58% | 0.84% | 0.84% |
| Home Depot Inc.HD | 0.83% | 0.83% | 0.83% |
| ELI Lilly & CoLLY | 2.29% | 0.82% | 0.82% |
| ADV Micro DeviceAMD | 2.20% | 0.81% | 0.81% |
| Micron TechMU | 2.86% | 0.71% | 0.71% |
| Tesla Inc.TSLA | 3.21% | 0.69% | 0.69% |
| Welltower Inc.WELL | 0.38% | 0.80% | 0.38% |
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: SPUS, SEC Form N-PORT, May 31, 2026; AAAA, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | SPUS | AAAA |
|---|---|---|
| Royal Bank of Canada | $2.4M | $214K |
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: SPUS institutional holders, AAAA institutional holders.
Frequently asked questions
How much do SPUS and AAAA overlap?
11.3% by weight, with 14 holdings in common, using holdings for SPUS as of May 31, 2026 and AAAA as of July 31, 2026. The largest shared position is MSFT.
Do institutions hold both SPUS and AAAA?
1 Form 13F filers report positions in both, out of 101 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%.