SPXL vs QLD overlap
SPXL and QLD overlap 37.7% by weight, across 89 shared holdings.
Pick 2 to 4 ETFs.
These funds report on different dates (SPXL: July 31, 2026, QLD: May 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 | SPXL | QLD | Overlap |
|---|---|---|---|
| Nvidia Corp.NVDA | 5.65% | 5.09% | 5.09% |
| Apple Inc.AAPL | 5.27% | 4.55% | 4.55% |
| Microsoft Corp.MSFT | 4.01% | 3.32% | 3.32% |
| Amazon.COM Inc.AMZN | 3.09% | 2.88% | 2.88% |
| Alphabet Inc.-aGOOGL | 2.43% | 2.20% | 2.20% |
| Broadcom Inc.AVGO | 2.14% | 2.10% | 2.10% |
| Alphabet Inc.-CGOOG | 1.96% | 2.03% | 1.96% |
| META Platforms-aMETA | 1.42% | 1.85% | 1.42% |
| Micron TechMU | 1.08% | 2.99% | 1.08% |
| Tesla Inc.TSLA | 1.02% | 2.16% | 1.02% |
| ADV Micro DeviceAMD | 0.90% | 2.30% | 0.90% |
| Walmart Inc.WMT | 0.57% | 1.55% | 0.57% |
| Cisco SystemsCSCO | 0.53% | 1.30% | 0.53% |
| Intel Corp.INTC | 0.50% | 1.57% | 0.50% |
| Costco WholesaleCOST | 0.49% | 1.16% | 0.49% |
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: SPXL, SEC Form N-PORT, July 31, 2026; QLD, SEC Form N-PORT, May 31, 2026.
Largest institutions holding both
| Firm | SPXL | QLD |
|---|---|---|
| Howard Capital Management, LLC | $382.8M | $895.9M |
| Main Street Group, LTD | $200K | $100.9M |
| SBI Securities Co., Ltd. | $32.9M | $4.4M |
| Westwood Wealth Management | $4.7M | $21.1M |
| GTS Securities LLC | $19.3M | $4.9M |
| HRT Financial LP | $5.2M | $15.2M |
| Citadel Advisors LLC | $15.8M | $1.9M |
| Mariner, LLC | $1.8M | $15.0M |
| LPL Financial LLC | $1.4M | $14.7M |
| Susquehanna International Group, LLP | $15.1M | $313K |
| Traynor Capital Management, Inc. | $13.4M | $290K |
| HighTower Advisors, LLC | $481K | $12.7M |
| Tower Research Capital LLC (TRC) | $9.7M | $2.5M |
| Mercer Global Advisors Inc. | $3.7M | $6.3M |
| Creative Planning | $1.4M | $8.5M |
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: SPXL institutional holders, QLD institutional holders.
Frequently asked questions
How much do SPXL and QLD overlap?
37.7% by weight, with 89 holdings in common, using holdings for SPXL as of July 31, 2026 and QLD as of May 31, 2026. The largest shared position is NVDA.
Do institutions hold both SPXL and QLD?
59 Form 13F filers report positions in both, out of 319 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%.