Home > Compare > AFICX vs SPY Holdings as of March 31, 2026 (AFICX) and August 12, 2026 (SPY)

AFICX vs SPY: Portfolio Overlap

American Funds Fundamental Investors vs SPDR® S&P 500® ETF Trust

41.3%

Weighted portfolio overlap

Moderate Overlap

Moderate Overlap. A recognisable amount of shared weight, common among funds drawing on the same large-cap pool. Much of it typically sits in the top conviction holdings.

AFICX

238 equity holdings
as of March 31, 2026

SPY

505 equity holdings
as of August 12, 2026

135 stocks held in common

Overlap View Venn Diagram

Overlapping Holdings

10 Top 10 of 135 shared, by overlap contribution

#	Stock	AFICX	SPY	Overlap%
1	MSFT	4.67%	5.49%	4.67%
2	NVDA	3.74%	8.14%	3.74%
3	AVGO	6.15%	2.95%	2.95%
4	AMZN	2.90%	3.92%	2.90%
5	GOOG	3.77%	2.43%	2.43%
6	META	2.40%	1.91%	1.91%
7	GOOGL	1.65%	3.02%	1.65%
8	AAPL	1.58%	6.66%	1.58%
9	MU	2.20%	1.54%	1.54%
10	LLY	0.98%	1.45%	0.98%

Most Divergent Holdings Stocks held by one fund but absent from the other

Only in AFICX — American Funds Fundamental Investors

Stock	Weight
British American Tobacco PLC	2.38%
Taiwan Semiconductor Manufacturing Co Ltd	2.24%
SK hynix Inc	1.72%
TSM	1.18%
Royal Caribbean Cruises Ltd.	1.00%

Only in SPY — SPDR® S&P 500® ETF Trust

Stock	Weight
AMD	1.18%
XOM	0.99%
JNJ	0.94%
CSCO	0.73%
LRCX	0.61%

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Frequently Asked Questions (FAQs)

What is the portfolio overlap between AFICX and SPY?

AFICX (American Funds Fundamental Investors) and SPY (SPDR® S&P 500® ETF Trust) share 41.3% portfolio overlap as of AFICX's March 31, 2026 filing and SPY's August 12, 2026 filing, across 135 common stocks. Overlap is the sum of the smaller weight of each shared stock, so it reads as the share of a dollar that lands on the same companies in both funds.

Do AFICX and SPY invest in the same stocks?

Somewhat. The two funds share a meaningful set of stocks, though each also holds distinct positions the other does not.

What are the top stocks held by both AFICX and SPY?

The most prominent shared holdings (by combined weight) are: MSFT, NVDA, AVGO. See the full common-holdings table on this page for weights in each fund.

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