USPX vs QDPL overlap
USPX and QDPL overlap 88.1% by weight, across 423 shared holdings.
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Top shared holdings
| Holding | USPX | QDPL | Overlap |
|---|---|---|---|
| Nvidia Corp.NVDA | 7.29% | 6.87% | 6.87% |
| Apple Inc.AAPL | 6.59% | 6.41% | 6.41% |
| Microsoft Corp.MSFT | 4.31% | 4.88% | 4.31% |
| Amazon.COM Inc.AMZN | 3.64% | 3.75% | 3.64% |
| Alphabet Inc.-aGOOGL | 3.25% | 2.95% | 2.95% |
| Broadcom Inc.AVGO | 2.73% | 2.60% | 2.60% |
| Alphabet Inc.-CGOOG | 2.59% | 2.38% | 2.38% |
| META Platforms-aMETA | 1.92% | 1.73% | 1.73% |
| JPMorgan ChaseJPM | 1.37% | 1.33% | 1.33% |
| Berkshire HATH-BBRK/B | 1.44% | 1.32% | 1.32% |
| Micron TechMU | 2.02% | 1.31% | 1.31% |
| ELI Lilly & CoLLY | 1.50% | 1.28% | 1.28% |
| Tesla Inc.TSLA | 1.84% | 1.24% | 1.24% |
| ADV Micro DeviceAMD | 1.48% | 1.10% | 1.10% |
| Exxon Mobil Corp.XOM | 0.88% | 0.91% | 0.88% |
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: USPX, SEC Form N-PORT, June 30, 2026; QDPL, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | USPX | QDPL |
|---|---|---|
| LPL Financial LLC | $12.0M | $155.9M |
| Sanctuary Advisors, LLC | $139.9M | $2.6M |
| Bank of New York Mellon Corp | $93.7M | $799K |
| JPMorgan Chase & Co | $32.9M | $192K |
| Osaic Holdings, Inc. | $3.5M | $20.6M |
| Wells Fargo & Company | $40 | $22.4M |
| Cetera Investment Advisers | $1.1M | $16.7M |
| Envestnet Asset Management Inc. | $511K | $11.8M |
| Private Advisor Group, LLC | $512K | $11.7M |
| Atria Investments, Inc | $8.5M | $336K |
| Goldman Sachs Group Inc. | $3.3M | $1.0M |
| Citigroup Inc. | $191K | $960K |
| Jane Street Group, LLC | $500K | $257K |
| Aptus Capital Advisors, LLC | $324K | $21K |
| FMR LLC | $4K | $172K |
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: USPX institutional holders, QDPL institutional holders.
Frequently asked questions
How much do USPX and QDPL overlap?
88.1% by weight, with 423 holdings in common, using holdings for USPX as of June 30, 2026 and QDPL as of July 31, 2026. The largest shared position is NVDA.
Do institutions hold both USPX and QDPL?
16 Form 13F filers report positions in both, out of 215 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%.