USMC vs TSPA overlap
USMC and TSPA overlap 46.7% by weight, across 26 shared holdings.
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Top shared holdings
| Holding | USMC | TSPA | Overlap |
|---|---|---|---|
| Nvidia Corp.NVDA | 7.54% | 7.39% | 7.39% |
| Apple Inc.AAPL | 6.63% | 6.50% | 6.50% |
| Microsoft Corp.MSFT | 4.30% | 4.28% | 4.28% |
| Amazon.COM Inc.AMZN | 3.59% | 3.72% | 3.59% |
| Broadcom Inc.AVGO | 4.77% | 2.65% | 2.65% |
| Alphabet Inc.-aGOOGL | 5.80% | 2.59% | 2.59% |
| META Platforms-aMETA | 3.51% | 2.04% | 2.04% |
| Micron TechMU | 8.75% | 2.03% | 2.03% |
| Tesla Inc.TSLA | 2.32% | 1.77% | 1.77% |
| ELI Lilly & CoLLY | 2.53% | 1.54% | 1.54% |
| JPMorgan ChaseJPM | 4.40% | 1.27% | 1.27% |
| Mastercard Inc.-aMA | 4.01% | 1.07% | 1.07% |
| Johnson&JohnsonJNJ | 3.20% | 0.91% | 0.91% |
| Caterpillar Inc.CAT | 3.18% | 0.88% | 0.88% |
| Berkshire HATH-BBRK/B | 3.10% | 0.82% | 0.82% |
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: USMC, SEC Form N-PORT, June 30, 2026; TSPA, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | USMC | TSPA |
|---|---|---|
| JPMorgan Chase & Co | $6.2M | $492.8M |
| LPL Financial LLC | $79.3M | $413.5M |
| Envestnet Asset Management Inc. | $339.2M | $61.4M |
| Principal Securities, Inc. | $357.6M | $490K |
| Morgan Stanley | $51.3M | $178.1M |
| Wells Fargo & Company | $76.2M | $7.5M |
| Raymond James Financial Inc. | $47.1M | $1.8M |
| Integrated Wealth Concepts LLC | $35.0M | $5.8M |
| Northwestern Mutual Wealth Management Co | $1.8M | $38.2M |
| Cetera Investment Advisers | $3.2M | $35.3M |
| Kestra Advisory Services, LLC | $1.4M | $32.5M |
| Cambridge Investment Research Advisors, Inc. | $6.1M | $20.4M |
| HighTower Advisors, LLC | $428K | $21.1M |
| Stifel Financial Corp. | $1.6M | $15.5M |
| Osaic Holdings, Inc. | $15.6M | $1.1M |
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: USMC institutional holders, TSPA institutional holders.
Frequently asked questions
How much do USMC and TSPA overlap?
46.7% by weight, with 26 holdings in common, using holdings for USMC as of June 30, 2026 and TSPA as of June 30, 2026. The largest shared position is NVDA.
Do institutions hold both USMC and TSPA?
32 Form 13F filers report positions in both, out of 190 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%.