TQQQ vs SPXL overlap
TQQQ and SPXL overlap 25.9% by weight, across 89 shared holdings.
Pick 2 to 4 ETFs.
These funds report on different dates (TQQQ: May 31, 2026, SPXL: 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 | TQQQ | SPXL | Overlap |
|---|---|---|---|
| Nvidia Corp.NVDA | 2.48% | 5.65% | 2.48% |
| Apple Inc.AAPL | 2.21% | 5.27% | 2.21% |
| Microsoft Corp.MSFT | 1.62% | 4.01% | 1.62% |
| Amazon.COM Inc.AMZN | 1.40% | 3.09% | 1.40% |
| Micron TechMU | 1.46% | 1.08% | 1.08% |
| Alphabet Inc.-aGOOGL | 1.07% | 2.43% | 1.07% |
| Broadcom Inc.AVGO | 1.02% | 2.14% | 1.02% |
| Tesla Inc.TSLA | 1.05% | 1.02% | 1.02% |
| Alphabet Inc.-CGOOG | 0.99% | 1.96% | 0.99% |
| ADV Micro DeviceAMD | 1.12% | 0.90% | 0.90% |
| META Platforms-aMETA | 0.90% | 1.42% | 0.90% |
| Walmart Inc.WMT | 0.75% | 0.57% | 0.57% |
| Cisco SystemsCSCO | 0.63% | 0.53% | 0.53% |
| Intel Corp.INTC | 0.76% | 0.50% | 0.50% |
| Costco WholesaleCOST | 0.57% | 0.49% | 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: TQQQ, SEC Form N-PORT, May 31, 2026; SPXL, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | TQQQ | SPXL |
|---|---|---|
| Howard Capital Management, LLC | $421.8M | $382.8M |
| PPSC Investment Service Corp | $114.6M | $687.9M |
| HRT Financial LP | $50.2M | $5.2M |
| SBI Securities Co., Ltd. | $20.1M | $32.9M |
| GTS Securities LLC | $22.6M | $19.3M |
| Susquehanna International Group, LLP | $26.3M | $15.1M |
| Tower Research Capital LLC (TRC) | $28.8M | $9.7M |
| UBS Group AG | $27.1M | $974K |
| LPL Financial LLC | $23.9M | $1.4M |
| LM Advisors LLC | $16.1M | $8.2M |
| Timothy G. Youngquist 2020 Irrevocable Trust | $11.7M | $10.2M |
| Morgan Stanley | $18.2M | $800 |
| Goldman Sachs Group Inc. | $4.5M | $13.4M |
| Flow Traders U.S. LLC | $11.4M | $5.4M |
| Traynor Capital Management, Inc. | $1.0M | $13.4M |
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: TQQQ institutional holders, SPXL institutional holders.
Frequently asked questions
How much do TQQQ and SPXL overlap?
25.9% by weight, with 89 holdings in common, using holdings for TQQQ as of May 31, 2026 and SPXL as of July 31, 2026. The largest shared position is NVDA.
Do institutions hold both TQQQ and SPXL?
99 Form 13F filers report positions in both, out of 414 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%.