Yes. Portfolio X-Ray opens every fund you own and adds what is inside it to what you hold directly, so a company appears once with its true weight.
That is where concentration usually hides. Two funds and a direct position can leave a third of the portfolio in the same handful of names without any line on the screen saying so.
It reports how much of each company comes from the funds, how much you bought yourself, and how many funds a name turns up in.
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