XMMO vs FESM overlap
XMMO and FESM overlap 5.2% by weight, across 22 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | XMMO | FESM | Overlap |
|---|---|---|---|
| EnersysENS | 0.98% | 0.76% | 0.76% |
| Commercial MetalCMC | 0.79% | 0.60% | 0.60% |
| Dycom INDSDY | 1.67% | 0.53% | 0.53% |
| Carpenter TechCRS | 2.28% | 0.44% | 0.44% |
| Hecla Mining CoHL | 1.63% | 0.39% | 0.39% |
| Arrowhead PharmaARWR | 2.05% | 0.35% | 0.35% |
| Federated HermesFHI | 0.47% | 0.33% | 0.33% |
| Spire Inc.SR | 0.44% | 0.26% | 0.26% |
| Sterling InfrastSTRL | 2.70% | 0.26% | 0.26% |
| FabrinetFN | 1.97% | 0.22% | 0.22% |
| American HealthcAHR | 1.53% | 0.18% | 0.18% |
| Portland GeneralPOR | 0.54% | 0.17% | 0.17% |
| SPX TechnologiesSPXC | 0.87% | 0.15% | 0.15% |
| Kratos Defense &KTOS | 1.49% | 0.13% | 0.13% |
| Ormat TechnologiORA | 1.02% | 0.09% | 0.09% |
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: XMMO, SEC Form N-PORT, July 31, 2026; FESM, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | XMMO | FESM |
|---|---|---|
| FMR LLC | $3.2M | $1.2B |
| LPL Financial LLC | $696.8M | $299.0M |
| Ameriprise Financial Inc. | $172.7M | $382.7M |
| Morgan Stanley | $402.9M | $99.5M |
| Northwestern Mutual Wealth Management Co | $233.4M | $214.8M |
| Cetera Investment Advisers | $257.0M | $133.4M |
| Wells Fargo & Company | $228.9M | $121.2M |
| Raymond James Financial Inc. | $221.0M | $125.3M |
| Envestnet Asset Management Inc. | $220.5M | $72.5M |
| Osaic Holdings, Inc. | $151.9M | $84.5M |
| Bank of America Corp. | $170.2M | $64.3M |
| Vantagepoint Investment Advisers LLC | $150.0M | $67.8M |
| Commonwealth Equity Services, LLC | $62.6M | $116.8M |
| Cambridge Investment Research Advisors, Inc. | $148.3M | $27.5M |
| Royal Bank of Canada | $86.3M | $60.2M |
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: XMMO institutional holders, FESM institutional holders.
Frequently asked questions
How much do XMMO and FESM overlap?
5.2% by weight, with 22 holdings in common, using holdings for XMMO as of July 31, 2026 and FESM as of June 30, 2026. The largest shared position is ENS.
Do institutions hold both XMMO and FESM?
127 Form 13F filers report positions in both, out of 610 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%.