UMMA vs SPXN overlap

UMMA and SPXN overlap 0.1% by weight, across 1 shared holdings.

UMMASPXN

Pick 2 to 4 ETFs.

0.1%

overlap by weight, across 1 shared holdings

UMMA2.5% of the fund is in shared holdings, of 93

SPXN0.1% of the fund is in shared holdings, of 396

Top shared holdings

Holding	UMMA	SPXN	Overlap
Roper TechnologiROP	2.46%	0.06%	0.06%

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: UMMA, SEC Form N-PORT, May 31, 2026; SPXN, SEC Form N-PORT, May 31, 2026.

institutions report holding both, of 68 holding any

UMMA15.7% of its 13F dollars, 12.0% of its 50 holders

SPXN14.2% of its 13F dollars, 25.0% of its 24 holders

Largest institutions holding both

Firm	UMMA	SPXN
Morgan Stanley	$3.5M	$909K
Susquehanna International Group, LLP	$1.9M	$1.5M
Envestnet Asset Management Inc.	$430K	$1.3M
MML Investors Services, LLC	$231K	$1.3M
UBS Group AG	$35K	$5K
FMR LLC	$39	$17K

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: UMMA institutional holders, SPXN institutional holders.

Frequently asked questions

How much do UMMA and SPXN overlap?

0.1% by weight, with 1 holdings in common, using holdings for UMMA as of May 31, 2026 and SPXN as of May 31, 2026. The largest shared position is ROP.

Do institutions hold both UMMA and SPXN?

6 Form 13F filers report positions in both, out of 68 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%.