SUSL vs FVAL overlap
SUSL and FVAL overlap 35.5% by weight, across 50 shared holdings.
Pick 2 to 4 ETFs.
These funds report on different dates (SUSL: May 31, 2026, FVAL: 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 | SUSL | FVAL | Overlap |
|---|---|---|---|
| Nvidia Corp.NVDA | 15.00% | 7.71% | 7.71% |
| Microsoft Corp.MSFT | 9.29% | 5.65% | 5.65% |
| Alphabet Inc.-aGOOGL | 6.47% | 5.63% | 5.63% |
| ELI Lilly & CoLLY | 2.60% | 1.76% | 1.76% |
| VISA Inc.-Class aV | 1.61% | 1.45% | 1.45% |
| Johnson&JohnsonJNJ | 1.59% | 1.36% | 1.36% |
| Caterpillar Inc.CAT | 1.20% | 1.00% | 1.00% |
| Home Depot Inc.HD | 0.92% | 0.91% | 0.91% |
| Merck & CoMRK | 0.86% | 0.94% | 0.86% |
| Procter & GamblePG | 0.98% | 0.75% | 0.75% |
| Verizon CommunicVZ | 0.59% | 0.54% | 0.54% |
| Salesforce Inc.CRM | 0.52% | 0.82% | 0.52% |
| Gilead SciencesGILD | 0.49% | 0.62% | 0.49% |
| Walt Disney Co/TDIS | 0.53% | 0.48% | 0.48% |
| Linde PLCLIN | 0.68% | 0.46% | 0.46% |
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: SUSL, SEC Form N-PORT, May 31, 2026; FVAL, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | SUSL | FVAL |
|---|---|---|
| FMR LLC | $64.4M | $127.6M |
| Envestnet Asset Management Inc. | $4.2M | $138.2M |
| Mercer Global Advisors Inc. | $90.5M | $283K |
| Royal Bank of Canada | $50.6M | $23.9M |
| JPMorgan Chase & Co | $55.7M | $17.3M |
| Creative Planning | $26.4M | $8.3M |
| LPL Financial LLC | $5.5M | $23.9M |
| Commonwealth Equity Services, LLC | $6.5M | $22.6M |
| Cetera Investment Advisers | $2.1M | $25.8M |
| Wealth Enhancement Advisory Services, LLC | $26.6M | $903K |
| Allworth Financial LP | $25.7M | $774K |
| Osaic Holdings, Inc. | $3.9M | $19.8M |
| Bank of America Corp. | $8.6M | $14.0M |
| Merit Financial Group, LLC | $605K | $16.5M |
| Jones Financial Companies LLLP | $1.5M | $10.6M |
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: SUSL institutional holders, FVAL institutional holders.
Frequently asked questions
How much do SUSL and FVAL overlap?
35.5% by weight, with 50 holdings in common, using holdings for SUSL as of May 31, 2026 and FVAL as of July 31, 2026. The largest shared position is NVDA.
Do institutions hold both SUSL and FVAL?
56 Form 13F filers report positions in both, out of 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%.