VUG vs SPY overlap
VUG and SPY overlap 57.4% by weight, across 121 shared holdings. SPY is shown using IVV, which tracks the same index.
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SPY files no portfolio holdings with the SEC; shown using IVV, which tracks the same index, as of June 30, 2026.
Top shared holdings
| Holding | VUG | SPY | Overlap |
|---|---|---|---|
| Nvidia Corp.NVDA | 12.63% | 7.51% | 7.51% |
| Apple Inc.AAPL | 11.67% | 6.58% | 6.58% |
| Microsoft Corp.MSFT | 7.61% | 4.29% | 4.29% |
| Amazon.COM Inc.AMZN | 4.47% | 3.61% | 3.61% |
| Alphabet Inc.-aGOOGL | 5.76% | 3.25% | 3.25% |
| Broadcom Inc.AVGO | 4.28% | 2.77% | 2.77% |
| Alphabet Inc.-CGOOG | 4.53% | 2.59% | 2.59% |
| META Platforms-aMETA | 3.41% | 1.92% | 1.92% |
| Tesla Inc.TSLA | 3.27% | 1.83% | 1.83% |
| ELI Lilly & CoLLY | 2.81% | 1.47% | 1.47% |
| ADV Micro DeviceAMD | 2.62% | 1.47% | 1.47% |
| Applied MaterialAMAT | 1.60% | 0.89% | 0.89% |
| VISA Inc.-Class aV | 1.54% | 0.88% | 0.88% |
| LAM ResearchLRCX | 1.51% | 0.84% | 0.84% |
| Intel Corp.INTC | 0.79% | 1.02% | 0.79% |
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; SPY, IVV's SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | VUG | SPY |
|---|---|---|
| Bank of America Corp. | $28.8B | $23.0B |
| JPMorgan Chase & Co | $992.1M | $35.3B |
| Jane Street Group, LLC | $641K | $33.1B |
| Morgan Stanley | $7.7B | $24.1B |
| Goldman Sachs Group Inc. | $611.7M | $23.5B |
| Jones Financial Companies LLLP | $18.1B | $761.2M |
| UBS Group AG | $3.1B | $9.2B |
| Wells Fargo & Company | $2.3B | $9.0B |
| D. E. Shaw & Co., Inc. | $17.4M | $10.5B |
| Northern Trust Corp. | $87.5M | $10.3B |
| LPL Financial LLC | $2.9B | $7.4B |
| Gotham Asset Management, LLC | $81.7M | $8.5B |
| Royal Bank of Canada | $1.2B | $6.8B |
| Envestnet Asset Management Inc. | $5.0B | $1.9B |
| Northwestern Mutual Wealth Management Co | $937.9M | $4.7B |
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, SPY institutional holders.
Frequently asked questions
How much do VUG and SPY overlap?
57.4% by weight, with 121 holdings in common, using holdings for VUG as of June 30, 2026 and SPY as of June 30, 2026. The largest shared position is NVDA.
Do institutions hold both VUG and SPY?
2,567 Form 13F filers report positions in both, out of 4,974 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%.