VGT vs SMH overlap
VGT and SMH overlap 40.9% by weight, across 21 shared holdings.
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Top shared holdings
| Holding | VGT | SMH | Overlap |
|---|---|---|---|
| Nvidia Corp.NVDA | 16.82% | 17.55% | 16.82% |
| Broadcom Inc.AVGO | 4.21% | 5.28% | 4.21% |
| Micron TechMU | 4.20% | 5.67% | 4.20% |
| ADV Micro DeviceAMD | 3.21% | 5.63% | 3.21% |
| Intel Corp.INTC | 2.03% | 5.15% | 2.03% |
| LAM ResearchLRCX | 1.56% | 5.31% | 1.56% |
| Applied MaterialAMAT | 1.40% | 5.74% | 1.40% |
| Texas InstrumentTXN | 1.11% | 4.17% | 1.11% |
| Qualcomm Inc.QCOM | 1.09% | 3.74% | 1.09% |
| KLA Corp.KLAC | 1.00% | 5.57% | 1.00% |
| Analog DevicesADI | 0.82% | 4.00% | 0.82% |
| Marvell TechnoloMRVL | 0.72% | 4.66% | 0.72% |
| Cadence DesignCDNS | 0.44% | 2.15% | 0.44% |
| Synopsys Inc.SNPS | 0.39% | 1.79% | 0.39% |
| NXP SemiconductoNXPI | 0.38% | 1.15% | 0.38% |
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: VGT, SEC Form N-PORT, May 31, 2026; SMH, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | VGT | SMH |
|---|---|---|
| Bank of America Corp. | $13.9B | $6.3B |
| JPMorgan Chase & Co | $5.4B | $819.8M |
| Morgan Stanley | $2.1B | $2.7B |
| LPL Financial LLC | $1.2B | $1.9B |
| Goldman Sachs Group Inc. | $140.4M | $2.6B |
| UBS Group AG | $1.4B | $849.0M |
| Wells Fargo & Company | $1.5B | $643.1M |
| Royal Bank of Canada | $717.6M | $554.1M |
| Raymond James Financial Inc. | $798.8M | $416.2M |
| BNP Paribas Financial Markets | $9.9M | $1.1B |
| Susquehanna International Group, LLP | $693K | $1.0B |
| Focus Partners Wealth | $606.0M | $386.1M |
| Northwestern Mutual Wealth Management Co | $565.5M | $353.5M |
| Barclays PLC | $16.1M | $892.5M |
| Envestnet Asset Management Inc. | $398.0M | $484.7M |
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: VGT institutional holders, SMH institutional holders.
Frequently asked questions
How much do VGT and SMH overlap?
40.9% by weight, with 21 holdings in common, using holdings for VGT as of May 31, 2026 and SMH as of June 30, 2026. The largest shared position is NVDA.
Do institutions hold both VGT and SMH?
1,008 Form 13F filers report positions in both, out of 2,736 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%.