DFNL vs ALAI overlap
DFNL and ALAI overlap 0.8% by weight, across 1 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | DFNL | ALAI | Overlap |
|---|---|---|---|
| Rocket COS Inc.-aRKT | 2.31% | 0.84% | 0.84% |
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: DFNL, SEC Form N-PORT, July 31, 2026; ALAI, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | DFNL | ALAI |
|---|---|---|
| LPL Financial LLC | $19.1M | $48.4M |
| Morgan Stanley | $41.1M | $10K |
| Bank of America Corp. | $18.4M | $682K |
| Wells Fargo & Company | $46 | $18.2M |
| Commonwealth Equity Services, LLC | $1.0M | $9.4M |
| Envestnet Asset Management Inc. | $7.0M | $1.8M |
| Royal Bank of Canada | $6.4M | $2.3M |
| HighTower Advisors, LLC | $6.2M | $1.2M |
| Truist Financial Corp. | $6.9M | $317K |
| Stifel Financial Corp. | $769K | $6.2M |
| Raymond James Financial Inc. | $2.6M | $4.4M |
| Sanctuary Advisors, LLC | $4.3M | $2.2M |
| Osaic Holdings, Inc. | $1.4M | $1.5M |
| Private Advisor Group, LLC | $342K | $1.8M |
| Flagship Harbor Advisors, LLC | $302K | $808K |
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: DFNL institutional holders, ALAI institutional holders.
Frequently asked questions
How much do DFNL and ALAI overlap?
0.8% by weight, with 1 holdings in common, using holdings for DFNL as of July 31, 2026 and ALAI as of June 30, 2026. The largest shared position is RKT.
Do institutions hold both DFNL and ALAI?
16 Form 13F filers report positions in both, out of 133 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%.