ETF and Mutual Fund Analysis

Holdings as of May 31, 2026 (FSKAX) and March 31, 2026 (QQQ)

ETF and Mutual Fund Analysis

Overlap, Comparison, and Diversification for Your Portfolio

Home > Compare > FSKAX vs QQQ Holdings as of May 31, 2026 (FSKAX) and March 31, 2026 (QQQ)

FSKAX vs QQQ: Portfolio Overlap

Fidelity Total Market Index Fund vs Invesco QQQ Trust, Series 1

49.0%
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.

FSKAX
3735 equity holdings
as of May 31, 2026
QQQ
101 equity holdings
as of March 31, 2026
90 stocks held in common
Overlap View Venn Diagram
49.0% OVERLAP FSKAX QQQ
Overlapping Holdings
10 Top 10 of 90 shared, by overlap contribution
# Stock FSKAX QQQ Overlap%
1
NVDA
 7.01% 8.69% 7.01%
2
AAPL
 6.26% 7.64% 6.26%
3
MSFT
 4.57% 5.64% 4.57%
4
AMZN
 3.61% 4.59% 3.61%
5
GOOGL
 3.03% 3.43% 3.03%
6
AVGO
 2.89% 3.01% 2.89%
7
GOOG
 2.40% 3.20% 2.40%
8
META
 1.89% 3.46% 1.89%
9
TSLA
 1.67% 3.81% 1.67%
10
MU
 1.49% 2.15% 1.49%
Most Divergent Holdings Stocks held by one fund but absent from the other
Only in FSKAX — Fidelity Total Market Index Fund
StockWeight
LLY1.20%
BRK.B1.19%
JPM1.10%
XOM0.83%
V0.75%
Only in QQQ — Invesco QQQ Trust, Series 1
StockWeight
LIN1.30%
SHOP0.82%
ASML0.66%
MELI0.50%
STX0.48%

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Frequently Asked Questions (FAQs)
What is the portfolio overlap between FSKAX and QQQ?

FSKAX (Fidelity Total Market Index Fund) and QQQ (Invesco QQQ Trust, Series 1) share 49.0% portfolio overlap as of FSKAX's May 31, 2026 filing and QQQ's March 31, 2026 filing, across 90 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 FSKAX and QQQ 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 FSKAX and QQQ?

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

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