USMF vs FMF overlap
USMF and FMF overlap 0.0% by weight, across 0 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
These funds hold nothing in common.
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: USMF, SEC Form N-PORT, June 30, 2026; FMF, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | USMF | FMF |
|---|---|---|
| LPL Financial LLC | $10.8M | $11.6M |
| Cetera Investment Advisers | $5.4M | $14.0M |
| Morgan Stanley | $2.6M | $16.7M |
| Cambridge Investment Research Advisors, Inc. | $1.2M | $11.9M |
| Raymond James Financial Inc. | $2.3M | $3.7M |
| Envestnet Asset Management Inc. | $900K | $4.3M |
| Osaic Holdings, Inc. | $828K | $2.4M |
| Jane Street Group, LLC | $406K | $1.9M |
| Private Advisor Group, LLC | $1.9M | $254K |
| Integrated Wealth Concepts LLC | $1.4M | $535K |
| Concurrent Investment Advisors, LLC | $207K | $1.7M |
| Susquehanna International Group, LLP | $1.2M | $401K |
| AE Wealth Management LLC | $26K | $1.5M |
| JPMorgan Chase & Co | $1.1M | $695 |
| Commonwealth Equity Services, LLC | $391K | $497K |
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: USMF institutional holders, FMF institutional holders.
Frequently asked questions
How much do USMF and FMF overlap?
0.0% by weight, with 0 holdings in common, using holdings for USMF as of June 30, 2026 and FMF as of June 30, 2026.
Do institutions hold both USMF and FMF?
18 Form 13F filers report positions in both, out of 138 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%.