USMV vs MGK overlap
USMV and MGK overlap 21.6% by weight, across 38 shared holdings.
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Top shared holdings
| Holding | USMV | MGK | Overlap |
|---|---|---|---|
| Microsoft Corp.MSFT | 1.62% | 7.50% | 1.62% |
| Nvidia Corp.NVDA | 1.32% | 13.27% | 1.32% |
| Mastercard Inc.-aMA | 1.26% | 1.47% | 1.26% |
| Broadcom Inc.AVGO | 1.02% | 4.27% | 1.02% |
| VISA Inc.-Class aV | 1.00% | 1.82% | 1.00% |
| PALO ALTO NetworPANW | 0.95% | 1.10% | 0.95% |
| Apple Inc.AAPL | 0.90% | 12.17% | 0.90% |
| Amphenol Corp.-aAPH | 1.58% | 0.89% | 0.89% |
| Palantir Techn-aPLTR | 0.85% | 0.97% | 0.85% |
| ELI Lilly & CoLLY | 0.78% | 3.40% | 0.78% |
| Welltower Inc.WELL | 1.57% | 0.71% | 0.71% |
| TJX COS Inc.TJX | 1.11% | 0.70% | 0.70% |
| ADV Micro DeviceAMD | 0.69% | 3.19% | 0.69% |
| Applied MaterialAMAT | 0.65% | 1.13% | 0.65% |
| GE Vernova Inc.GEV | 0.63% | 1.20% | 0.63% |
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: USMV, SEC Form N-PORT, July 31, 2026; MGK, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | USMV | MGK |
|---|---|---|
| Assetmark, Inc. | $129.9M | $3.7B |
| Morgan Stanley | $1.4B | $1.2B |
| Bank of America Corp. | $1.2B | $883.6M |
| Cassaday & Co Wealth Management LLC | $760K | $1.7B |
| Raymond James Financial Inc. | $1.4B | $187.0M |
| FMR LLC | $1.5B | $18.5M |
| LPL Financial LLC | $767.2M | $512.8M |
| UBS Group AG | $300.9M | $452.6M |
| Envestnet Asset Management Inc. | $363.0M | $312.4M |
| PNC Financial Services Group, Inc. | $409.7M | $228.6M |
| Wells Fargo & Company | $327.6M | $287.5M |
| Ameriprise Financial Inc. | $181.8M | $341.6M |
| Wealth Enhancement Advisory Services, LLC | $458.5M | $42.5M |
| Captrust Financial Advisors | $70.0M | $369.0M |
| Cerity Partners LLC | $132.5M | $262.4M |
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: USMV institutional holders, MGK institutional holders.
Frequently asked questions
How much do USMV and MGK overlap?
21.6% by weight, with 38 holdings in common, using holdings for USMV as of July 31, 2026 and MGK as of June 30, 2026. The largest shared position is MSFT.
Do institutions hold both USMV and MGK?
553 Form 13F filers report positions in both, out of 1,839 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%.