SPYM vs QQQ overlap
SPYM and QQQ overlap 54.5% by weight, across 88 shared holdings.
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Top shared holdings
| Holding | SPYM | QQQ | Overlap |
|---|---|---|---|
| Nvidia Corp.NVDA | 7.51% | 7.60% | 7.51% |
| Apple Inc.AAPL | 6.58% | 6.67% | 6.58% |
| Microsoft Corp.MSFT | 4.29% | 4.35% | 4.29% |
| Amazon.COM Inc.AMZN | 3.62% | 4.02% | 3.62% |
| Alphabet Inc.-aGOOGL | 3.25% | 3.27% | 3.25% |
| Broadcom Inc.AVGO | 2.77% | 2.81% | 2.77% |
| Alphabet Inc.-CGOOG | 2.59% | 3.02% | 2.59% |
| Micron TechMU | 2.02% | 5.64% | 2.02% |
| META Platforms-aMETA | 1.92% | 2.62% | 1.92% |
| Tesla Inc.TSLA | 1.83% | 3.30% | 1.83% |
| ADV Micro DeviceAMD | 1.47% | 4.10% | 1.47% |
| Intel Corp.INTC | 1.02% | 3.04% | 1.02% |
| Applied MaterialAMAT | 0.89% | 2.49% | 0.89% |
| LAM ResearchLRCX | 0.84% | 2.35% | 0.84% |
| Walmart Inc.WMT | 0.77% | 2.39% | 0.77% |
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: SPYM, SEC Form N-PORT, June 30, 2026; QQQ, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | SPYM | QQQ |
|---|---|---|
| Bank of America Corp. | $4.8B | $12.5B |
| Morgan Stanley | $1.7B | $15.6B |
| Jones Financial Companies LLLP | $14.6B | $474.9M |
| LPL Financial LLC | $5.6B | $7.8B |
| Betterment LLC | $8.6B | $43.7M |
| JPMorgan Chase & Co | $5.9B | $2.1B |
| Goldman Sachs Group Inc. | $1.8B | $4.7B |
| Wells Fargo & Company | $796.3M | $5.3B |
| UBS Group AG | $230.4M | $4.2B |
| Susquehanna International Group, LLP | $27.7M | $4.3B |
| Envestnet Asset Management Inc. | $2.0B | $2.2B |
| Allianz Asset Management GmbH | $4.1B | $43.9M |
| Royal Bank of Canada | $747.0M | $3.1B |
| Creative Planning | $3.1B | $540.1M |
| Raymond James Financial Inc. | $539.2M | $3.1B |
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: SPYM institutional holders, QQQ institutional holders.
Frequently asked questions
How much do SPYM and QQQ overlap?
54.5% by weight, with 88 holdings in common, using holdings for SPYM as of June 30, 2026 and QQQ as of June 30, 2026. The largest shared position is NVDA.
Do institutions hold both SPYM and QQQ?
1,427 Form 13F filers report positions in both, out of 4,296 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%.