VMAX vs TOV overlap
VMAX and TOV overlap 24.6% by weight, across 95 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | VMAX | TOV | Overlap |
|---|---|---|---|
| Alphabet Inc.-aGOOGL | 2.07% | 5.42% | 2.07% |
| Berkshire HATH-BBRK/B | 1.21% | 1.46% | 1.21% |
| Exxon Mobil Corp.XOM | 1.58% | 1.06% | 1.06% |
| Johnson&JohnsonJNJ | 1.70% | 0.98% | 0.98% |
| JPMorgan ChaseJPM | 0.96% | 1.47% | 0.96% |
| VISA Inc.-Class aV | 0.98% | 0.95% | 0.95% |
| META Platforms-aMETA | 0.91% | 1.85% | 0.91% |
| Nvidia Corp.NVDA | 0.86% | 7.30% | 0.86% |
| Mastercard Inc.-aMA | 0.83% | 0.74% | 0.74% |
| Bank of AmericaBAC | 0.89% | 0.69% | 0.69% |
| Walmart Inc.WMT | 0.66% | 0.86% | 0.66% |
| Applied MaterialAMAT | 0.59% | 0.63% | 0.59% |
| Micron TechMU | 0.59% | 1.41% | 0.59% |
| Unitedhealth GRPUNH | 1.27% | 0.58% | 0.58% |
| LAM ResearchLRCX | 0.86% | 0.56% | 0.56% |
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: VMAX, SEC Form N-PORT, July 31, 2026; TOV, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | VMAX | TOV |
|---|---|---|
| FMR LLC | $62 | $2K |
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: VMAX institutional holders, TOV institutional holders.
Frequently asked questions
How much do VMAX and TOV overlap?
24.6% by weight, with 95 holdings in common, using holdings for VMAX as of July 31, 2026 and TOV as of July 31, 2026. The largest shared position is GOOGL.
Do institutions hold both VMAX and TOV?
1 Form 13F filers report positions in both, out of 24 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%.