CNAV vs CBSE overlap

CNAV and CBSE overlap 4.4% by weight, across 2 shared holdings.

CNAVCBSE

Pick 2 to 4 ETFs.

4.4%

overlap by weight, across 2 shared holdings

CNAV4.4% of the fund is in shared holdings, of 32

CBSE5.3% of the fund is in shared holdings, of 38

Top shared holdings

Holding	CNAV	CBSE	Overlap
Marvell TechnoloMRVL	2.62%	2.63%	2.62%
Lumentum HOLLITE	1.76%	2.64%	1.76%

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: CNAV, SEC Form N-PORT, June 30, 2026; CBSE, SEC Form N-PORT, July 31, 2026.

institutions report holding both, of 17 holding any

CNAV0.0% of its 13F dollars, 11.1% of its 9 holders

CBSE0.0% of its 13F dollars, 11.1% of its 9 holders

Largest institutions holding both

Firm	CNAV	CBSE
UBS Group AG	$144	$5K

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: CNAV institutional holders, CBSE institutional holders.

Frequently asked questions

How much do CNAV and CBSE overlap?

4.4% by weight, with 2 holdings in common, using holdings for CNAV as of June 30, 2026 and CBSE as of July 31, 2026. The largest shared position is MRVL.

Do institutions hold both CNAV and CBSE?

1 Form 13F filers report positions in both, out of 17 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%.