SSUS vs HAPI overlap
SSUS and HAPI overlap 11.6% by weight, across 7 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | SSUS | HAPI | Overlap |
|---|---|---|---|
| Alphabet Inc.-aGOOGL | 2.77% | 5.30% | 2.77% |
| Microsoft Corp.MSFT | 2.52% | 5.27% | 2.52% |
| Apple Inc.AAPL | 2.12% | 5.49% | 2.12% |
| Nvidia Corp.NVDA | 1.93% | 5.00% | 1.93% |
| META Platforms-aMETA | 1.71% | 3.96% | 1.71% |
| State Street Materials Select Sector SPDR ETF Mutual FundXLB | 0.51% | 0.30% | 0.30% |
| State Street Utilities Select Sector SPDR ETF Mutual FundXLU | 2.56% | 0.22% | 0.22% |
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: SSUS, SEC Form N-PORT, July 31, 2026; HAPI, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | SSUS | HAPI |
|---|---|---|
| Raymond James Financial Inc. | $52.2M | $1.8M |
| LPL Financial LLC | $21.0M | $4.7M |
| Steward Partners Investment Advisory, LLC | $8.7M | $5.0M |
| Morgan Stanley | $6.4M | $1.1M |
| Susquehanna International Group, LLP | $1.3M | $732K |
| Citadel Advisors LLC | $591K | $881K |
| Cetera Investment Advisers | $406K | $518K |
| Accurate Wealth Management, LLC | $292K | $207K |
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: SSUS institutional holders, HAPI institutional holders.
Frequently asked questions
How much do SSUS and HAPI overlap?
11.6% by weight, with 7 holdings in common, using holdings for SSUS as of July 31, 2026 and HAPI as of July 31, 2026. The largest shared position is GOOGL.
Do institutions hold both SSUS and HAPI?
8 Form 13F filers report positions in both, out of 84 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%.