XCEM vs GEM overlap
XCEM and GEM overlap 56.4% by weight, across 291 shared holdings.
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Top shared holdings
| Holding | XCEM | GEM | Overlap |
|---|---|---|---|
| TSMC2330 | 14.94% | 14.33% | 14.33% |
| Samsung Electron005930 | 9.69% | 7.54% | 7.54% |
| SK Hynix Inc.000660 | 4.56% | 5.89% | 4.56% |
| Mediatek2454 | 1.57% | 1.53% | 1.53% |
| Delta ELEC2308 | 1.49% | 0.99% | 0.99% |
| Samsung Electro009150 | 1.40% | 0.72% | 0.72% |
| HON HAI2317 | 1.05% | 0.51% | 0.51% |
| Reliance IndustrRELIANC | 0.81% | 0.41% | 0.41% |
| ITAU Uniban-PREFITUB4 | 0.52% | 0.37% | 0.37% |
| OTP Bank PLCOTP | 0.47% | 0.34% | 0.34% |
| Elite Material2383 | 0.64% | 0.34% | 0.34% |
| VALE SAVALE3 | 0.49% | 0.32% | 0.32% |
| AL Rajhi BankRJHI | 0.64% | 0.31% | 0.31% |
| UMC2303 | 0.72% | 0.30% | 0.30% |
| Delta Electronics Thailand PCLDELTA-R | 0.59% | 0.30% | 0.30% |
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: XCEM, SEC Form N-PORT, June 30, 2026; GEM, SEC Form N-PORT, May 31, 2026.
Largest institutions holding both
| Firm | XCEM | GEM |
|---|---|---|
| Wells Fargo & Company | $27.1M | $226.6M |
| Morgan Stanley | $188.1M | $48.7M |
| Bank of America Corp. | $186.7M | $36.8M |
| LPL Financial LLC | $84.5M | $114.0M |
| Envestnet Asset Management Inc. | $7.1M | $162.6M |
| Raymond James Financial Inc. | $56.3M | $22.3M |
| Northwestern Mutual Wealth Management Co | $74.2M | $2.4M |
| Commonwealth Equity Services, LLC | $33.8M | $13.7M |
| Jane Street Group, LLC | $5.1M | $39.0M |
| Royal Bank of Canada | $13.4M | $24.8M |
| UBS Group AG | $18.6M | $15.4M |
| Cetera Investment Advisers | $8.2M | $24.3M |
| Principal Securities, Inc. | $479K | $31.0M |
| First Foundation Advisors | $6.6M | $22.3M |
| Sanctuary Advisors, LLC | $13.5M | $12.0M |
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: XCEM institutional holders, GEM institutional holders.
Frequently asked questions
How much do XCEM and GEM overlap?
56.4% by weight, with 291 holdings in common, using holdings for XCEM as of June 30, 2026 and GEM as of May 31, 2026. The largest shared position is 2330.
Do institutions hold both XCEM and GEM?
69 Form 13F filers report positions in both, out of 337 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%.