VUG vs IWF overlap
VUG and IWF overlap 77.9% by weight, across 113 shared holdings.
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Top shared holdings
| Holding | VUG | IWF | Overlap |
|---|---|---|---|
| Nvidia Corp.NVDA | 12.63% | 13.83% | 12.63% |
| Apple Inc.AAPL | 11.67% | 6.72% | 6.72% |
| Alphabet Inc.-aGOOGL | 5.76% | 6.17% | 5.76% |
| Alphabet Inc.-CGOOG | 4.53% | 4.98% | 4.53% |
| Broadcom Inc.AVGO | 4.28% | 5.21% | 4.28% |
| Microsoft Corp.MSFT | 7.61% | 4.11% | 4.11% |
| Tesla Inc.TSLA | 3.27% | 3.64% | 3.27% |
| META Platforms-aMETA | 3.41% | 3.00% | 3.00% |
| ELI Lilly & CoLLY | 2.81% | 2.84% | 2.81% |
| ADV Micro DeviceAMD | 2.62% | 2.80% | 2.62% |
| Applied MaterialAMAT | 1.60% | 1.70% | 1.60% |
| VISA Inc.-Class aV | 1.54% | 1.68% | 1.54% |
| LAM ResearchLRCX | 1.51% | 1.60% | 1.51% |
| Mastercard Inc.-aMA | 1.13% | 1.23% | 1.13% |
| KLA Corp.KLAC | 1.10% | 1.17% | 1.10% |
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: VUG, SEC Form N-PORT, June 30, 2026; IWF, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | VUG | IWF |
|---|---|---|
| Bank of America Corp. | $28.8B | $13.5B |
| Morgan Stanley | $7.7B | $14.8B |
| Jones Financial Companies LLLP | $18.1B | $473.9M |
| Envestnet Asset Management Inc. | $5.0B | $2.6B |
| UBS Group AG | $3.1B | $2.3B |
| FMR LLC | $1.3B | $4.1B |
| LPL Financial LLC | $2.9B | $1.9B |
| Wells Fargo & Company | $2.3B | $2.2B |
| JPMorgan Chase & Co | $992.1M | $3.2B |
| Goldman Sachs Group Inc. | $611.7M | $3.4B |
| Raymond James Financial Inc. | $1.9B | $1.7B |
| Financial Engines Advisors L.L.C. | $3.3B | $11.9M |
| Ameriprise Financial Inc. | $2.0B | $745.5M |
| PNC Financial Services Group, Inc. | $1.2B | $1.5B |
| Northern Trust Corp. | $87.5M | $2.5B |
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: VUG institutional holders, IWF institutional holders.
Frequently asked questions
How much do VUG and IWF overlap?
77.9% by weight, with 113 holdings in common, using holdings for VUG as of June 30, 2026 and IWF as of June 30, 2026. The largest shared position is NVDA.
Do institutions hold both VUG and IWF?
1,804 Form 13F filers report positions in both, out of 3,589 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%.