XLK vs SMH overlap
XLK and SMH overlap 50.6% by weight, across 20 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | XLK | SMH | Overlap |
|---|---|---|---|
| Nvidia Corp.NVDA | 14.65% | 17.55% | 14.65% |
| Micron TechMU | 5.42% | 5.67% | 5.42% |
| Broadcom Inc.AVGO | 5.41% | 5.28% | 5.28% |
| ADV Micro DeviceAMD | 5.28% | 5.63% | 5.28% |
| Intel Corp.INTC | 3.68% | 5.15% | 3.68% |
| Applied MaterialAMAT | 3.20% | 5.74% | 3.20% |
| LAM ResearchLRCX | 3.02% | 5.31% | 3.02% |
| KLA Corp.KLAC | 2.20% | 5.57% | 2.20% |
| Texas InstrumentTXN | 1.51% | 4.17% | 1.51% |
| Marvell TechnoloMRVL | 1.45% | 4.66% | 1.45% |
| Qualcomm Inc.QCOM | 1.09% | 3.74% | 1.09% |
| Analog DevicesADI | 1.08% | 4.00% | 1.08% |
| Cadence DesignCDNS | 0.58% | 2.15% | 0.58% |
| Synopsys Inc.SNPS | 0.48% | 1.79% | 0.48% |
| Teradyne Inc.TER | 0.42% | 1.50% | 0.42% |
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: XLK, SEC Form N-PORT, June 30, 2026; SMH, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | XLK | SMH |
|---|---|---|
| Bank of America Corp. | $4.3B | $6.3B |
| Morgan Stanley | $3.8B | $2.7B |
| Wells Fargo & Company | $4.7B | $643.1M |
| LPL Financial LLC | $3.0B | $1.9B |
| Goldman Sachs Group Inc. | $1.7B | $2.6B |
| UBS Group AG | $2.3B | $849.0M |
| Focus Partners Wealth | $2.4B | $386.1M |
| Envestnet Asset Management Inc. | $2.1B | $484.7M |
| JPMorgan Chase & Co | $1.7B | $819.8M |
| Ameriprise Financial Inc. | $1.9B | $195.7M |
| Raymond James Financial Inc. | $1.6B | $416.2M |
| Migdal Insurance & Financial Holdings Ltd. | $1.1B | $651.1M |
| Royal Bank of Canada | $1.1B | $554.1M |
| BNP Paribas Financial Markets | $196.7M | $1.1B |
| Barclays PLC | $298.5M | $892.5M |
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: XLK institutional holders, SMH institutional holders.
Frequently asked questions
How much do XLK and SMH overlap?
50.6% by weight, with 20 holdings in common, using holdings for XLK as of June 30, 2026 and SMH as of June 30, 2026. The largest shared position is NVDA.
Do institutions hold both XLK and SMH?
1,132 Form 13F filers report positions in both, out of 3,081 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%.