FQAL vs EUSA overlap
FQAL and EUSA overlap 19.4% by weight, across 110 shared holdings.
Pick 2 to 4 ETFs.
These funds report on different dates (FQAL: July 31, 2026, EUSA: May 31, 2026), so market moves and index changes between those dates lower the number. Funds tracking the same index can read well below their true overlap.
Top shared holdings
| Holding | FQAL | EUSA | Overlap |
|---|---|---|---|
| Seagate TechnoloSTX | 1.41% | 0.38% | 0.38% |
| Qualcomm Inc.QCOM | 0.78% | 0.31% | 0.31% |
| Fortinet Inc.FTNT | 1.27% | 0.30% | 0.30% |
| Cisco SystemsCSCO | 1.46% | 0.28% | 0.28% |
| Comfort SystemsFIX | 0.64% | 0.24% | 0.24% |
| LAM ResearchLRCX | 1.31% | 0.24% | 0.24% |
| Broadcom Inc.AVGO | 3.36% | 0.24% | 0.24% |
| KLA Corp.KLAC | 1.13% | 0.23% | 0.23% |
| Applied MaterialAMAT | 1.54% | 0.22% | 0.22% |
| MSCI Inc.MSCI | 0.60% | 0.21% | 0.21% |
| Apple Inc.AAPL | 7.22% | 0.21% | 0.21% |
| Palantir Techn-aPLTR | 0.90% | 0.21% | 0.21% |
| Old Dominion FRTODFL | 0.42% | 0.21% | 0.21% |
| Caterpillar Inc.CAT | 0.97% | 0.20% | 0.20% |
| Nvidia Corp.NVDA | 7.69% | 0.20% | 0.20% |
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: FQAL, SEC Form N-PORT, July 31, 2026; EUSA, SEC Form N-PORT, May 31, 2026.
Largest institutions holding both
| Firm | FQAL | EUSA |
|---|---|---|
| FMR LLC | $576.6M | $3.1M |
| Envestnet Asset Management Inc. | $111.8M | $34.8M |
| Bank of America Corp. | $4.0M | $122.0M |
| Kestra Advisory Services, LLC | $61.9M | $233K |
| LPL Financial LLC | $7.8M | $39.8M |
| Morgan Stanley | $5.1M | $36.9M |
| Northwestern Mutual Wealth Management Co | $6.5M | $28.9M |
| Cetera Investment Advisers | $13.3M | $20.5M |
| HighTower Advisors, LLC | $607K | $30.3M |
| JPMorgan Chase & Co | $18.9M | $9.0M |
| Wells Fargo & Company | $6K | $19.9M |
| Commonwealth Equity Services, LLC | $9.2M | $7.7M |
| Sagespring Wealth Partners, LLC | $9.0M | $2.8M |
| Osaic Holdings, Inc. | $10.1M | $1.6M |
| Royal Bank of Canada | $6.1M | $5.2M |
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: FQAL institutional holders, EUSA institutional holders.
Frequently asked questions
How much do FQAL and EUSA overlap?
19.4% by weight, with 110 holdings in common, using holdings for FQAL as of July 31, 2026 and EUSA as of May 31, 2026. The largest shared position is STX.
Do institutions hold both FQAL and EUSA?
42 Form 13F filers report positions in both, out of 273 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%.