TRFM vs HAP overlap
TRFM and HAP overlap 1.7% by weight, across 6 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | TRFM | HAP | Overlap |
|---|---|---|---|
| Nextera EnergyNEE | 0.61% | 3.99% | 0.61% |
| Bloom Energy C-aBE | 0.50% | 1.93% | 0.50% |
| AXIA Energia-ADRAXIA | 0.33% | 0.43% | 0.33% |
| First Solar Inc.FSLR | 0.14% | 0.59% | 0.14% |
| Nextpower Inc.-aNXT | 0.13% | 0.42% | 0.13% |
| Enlight RenewablENLT | 0.20% | 0.00% | 0.00% |
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: TRFM, SEC Form N-PORT, July 31, 2026; HAP, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | TRFM | HAP |
|---|---|---|
| LPL Financial LLC | $109.9M | $14.1M |
| Cetera Investment Advisers | $6.3M | $38.0M |
| Osaic Holdings, Inc. | $28.7M | $1.5M |
| Morgan Stanley | $31K | $15.3M |
| Raymond James Financial Inc. | $6.6M | $1.1M |
| Wells Fargo & Company | $5.9M | $1.1M |
| Royal Bank of Canada | $1.5M | $1.7M |
| Steward Partners Investment Advisory, LLC | $400K | $1.0M |
| MML Investors Services, LLC | $955K | $206K |
| UBS Group AG | $15K | $831K |
| Equitable Holdings, Inc. | $507K | $254K |
| Private Trust Co NA | $379K | $12K |
| Harbour Investments, Inc. | $8K | $120K |
| FMR LLC | $2K | $61K |
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: TRFM institutional holders, HAP institutional holders.
Frequently asked questions
How much do TRFM and HAP overlap?
1.7% by weight, with 6 holdings in common, using holdings for TRFM as of July 31, 2026 and HAP as of June 30, 2026. The largest shared position is NEE.
Do institutions hold both TRFM and HAP?
14 Form 13F filers report positions in both, out of 98 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%.