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No. And it's not uncommon for an investor to hold stock in two or more rival companies.

If a controlling interest of stock in two companies were held in common by one person or parent corporation, that would be a different story, but even then, the companies can still be "rivals" instead of "affiliates" in some senses of the terms.

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Q: If an individual owns the stock of two separate companies are the two companies considered affiliates?
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