VLU vs MLRG overlap
VLU and MLRG overlap 58.8% by weight, across 479 shared holdings.
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Top shared holdings
| Holding | VLU | MLRG | Overlap |
|---|---|---|---|
| Amazon.COM Inc.AMZN | 2.60% | 4.08% | 2.60% |
| Microsoft Corp.MSFT | 2.29% | 5.29% | 2.29% |
| Apple Inc.AAPL | 1.87% | 6.94% | 1.87% |
| Alphabet Inc.-CGOOG | 1.64% | 2.57% | 1.64% |
| Berkshire HATH-BBRK/B | 2.54% | 1.45% | 1.45% |
| JPMorgan ChaseJPM | 1.45% | 1.45% | 1.45% |
| Micron TechMU | 1.28% | 1.42% | 1.28% |
| META Platforms-aMETA | 1.15% | 1.86% | 1.15% |
| Exxon Mobil Corp.XOM | 1.14% | 0.99% | 0.99% |
| Nvidia Corp.NVDA | 0.93% | 7.20% | 0.93% |
| ADV Micro DeviceAMD | 0.93% | 1.19% | 0.93% |
| Walmart Inc.WMT | 1.25% | 0.75% | 0.75% |
| Johnson&JohnsonJNJ | 0.68% | 0.95% | 0.68% |
| Bank of AmericaBAC | 1.03% | 0.62% | 0.62% |
| Intel Corp.INTC | 0.90% | 0.60% | 0.60% |
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: VLU, SEC Form N-PORT, June 30, 2026; MLRG, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | VLU | MLRG |
|---|---|---|
| LPL Financial LLC | $101.4M | $26.3M |
| Ameriprise Financial Inc. | $34.2M | $52.4M |
| Morgan Stanley | $15.9M | $50.8M |
| Cambridge Investment Research Advisors, Inc. | $53.8M | $6.0M |
| Osaic Holdings, Inc. | $25.3M | $16.4M |
| Raymond James Financial Inc. | $24.7M | $4.3M |
| Envestnet Asset Management Inc. | $24.9M | $4.0M |
| Cetera Investment Advisers | $6.7M | $22.0M |
| Bank of America Corp. | $16.6M | $11.7M |
| JPMorgan Chase & Co | $7.4M | $17.8M |
| Wealth Enhancement Advisory Services, LLC | $409K | $17.2M |
| Royal Bank of Canada | $4.6M | $10.6M |
| Commonwealth Equity Services, LLC | $2.9M | $12.0M |
| UBS Group AG | $71K | $10.1M |
| Merit Financial Group, LLC | $2.0M | $8.0M |
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: VLU institutional holders, MLRG institutional holders.
Frequently asked questions
How much do VLU and MLRG overlap?
58.8% by weight, with 479 holdings in common, using holdings for VLU as of June 30, 2026 and MLRG as of July 31, 2026. The largest shared position is AMZN.
Do institutions hold both VLU and MLRG?
52 Form 13F filers report positions in both, out of 257 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%.