USMF vs IQQQ overlap
USMF and IQQQ overlap 24.4% by weight, across 28 shared holdings.
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Top shared holdings
| Holding | USMF | IQQQ | Overlap |
|---|---|---|---|
| Apple Inc.AAPL | 3.70% | 6.19% | 3.70% |
| Nvidia Corp.NVDA | 3.69% | 6.94% | 3.69% |
| Alphabet Inc.-aGOOGL | 3.94% | 2.99% | 2.99% |
| Broadcom Inc.AVGO | 1.62% | 2.86% | 1.62% |
| Micron TechMU | 1.29% | 4.08% | 1.29% |
| Applied MaterialAMAT | 1.05% | 1.33% | 1.05% |
| LAM ResearchLRCX | 0.96% | 1.48% | 0.96% |
| KLA Corp.KLAC | 0.91% | 0.94% | 0.91% |
| Cisco SystemsCSCO | 0.70% | 1.78% | 0.70% |
| Sandisk Corp.SNDK | 0.64% | 0.93% | 0.64% |
| Western DigitalWDC | 0.61% | 0.67% | 0.61% |
| Texas InstrumentTXN | 0.60% | 1.04% | 0.60% |
| Seagate TechnoloSTX | 0.53% | 0.72% | 0.53% |
| Analog DevicesADI | 0.52% | 0.75% | 0.52% |
| Gilead SciencesGILD | 0.46% | 0.62% | 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: USMF, SEC Form N-PORT, June 30, 2026; IQQQ, SEC Form N-PORT, May 31, 2026.
Largest institutions holding both
| Firm | USMF | IQQQ |
|---|---|---|
| Raymond James Financial Inc. | $2.3M | $41.0M |
| Morgan Stanley | $2.6M | $34.4M |
| LPL Financial LLC | $10.8M | $18.6M |
| Royal Bank of Canada | $120K | $23.1M |
| Wells Fargo & Company | $7.5M | $4K |
| IHT Wealth Management, LLC | $951K | $5.4M |
| Osaic Holdings, Inc. | $828K | $4.7M |
| Integrated Wealth Concepts LLC | $1.4M | $2.3M |
| UBS Group AG | $9K | $2.3M |
| Allworth Financial LP | $2.0M | $12K |
| Susquehanna International Group, LLP | $1.2M | $823K |
| Northwestern Mutual Wealth Management Co | $1.5M | $66K |
| &Partners | $430K | $956K |
| Kestra Advisory Services, LLC | $771K | $567K |
| Envestnet Asset Management Inc. | $900K | $258K |
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, IQQQ institutional holders.
Frequently asked questions
How much do USMF and IQQQ overlap?
24.4% by weight, with 28 holdings in common, using holdings for USMF as of June 30, 2026 and IQQQ as of May 31, 2026. The largest shared position is AAPL.
Do institutions hold both USMF and IQQQ?
20 Form 13F filers report positions in both, out of 116 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%.