DNL vs DBEU overlap
DNL and DBEU overlap 21.0% by weight, across 57 shared holdings.
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Top shared holdings
| Holding | DNL | DBEU | Overlap |
|---|---|---|---|
| ASML Holding NVASML | 7.94% | 4.36% | 4.36% |
| Astrazeneca PLCAZN | 2.82% | 1.95% | 1.95% |
| Rolls-Royce HOLDRR/ | 1.82% | 1.05% | 1.05% |
| UBS Group AGUBS | 1.85% | 1.05% | 1.05% |
| NOVO Nordisk-BNOVOB | 1.65% | 1.02% | 1.02% |
| LVMH MOET HenneMC | 3.00% | 0.95% | 0.95% |
| Infineon TechIFX | 1.37% | 0.86% | 0.86% |
| Safran SASAFRF | 1.86% | 0.86% | 0.86% |
| CIE Financi-REGCFRHF | 1.39% | 0.81% | 0.81% |
| Rheinmetall AGRHM | 0.62% | 0.49% | 0.49% |
| Industria de Diseno TextilITX | 2.08% | 0.47% | 0.47% |
| Prosus NVPROSF | 1.14% | 0.41% | 0.41% |
| Argenx SEARGX | 0.60% | 0.36% | 0.36% |
| ASM Intl NVASM | 0.59% | 0.34% | 0.34% |
| Hermes IntlRMS | 2.18% | 0.34% | 0.34% |
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: DNL, SEC Form N-PORT, June 30, 2026; DBEU, SEC Form N-PORT, May 29, 2026.
Largest institutions holding both
| Firm | DNL | DBEU |
|---|---|---|
| Morgan Stanley | $58.4M | $230.6M |
| UBS Group AG | $32.1M | $4.8M |
| Bank of America Corp. | $19.2M | $15.5M |
| Ameriprise Financial Inc. | $22.9M | $5.4M |
| Private Advisor Group, LLC | $25.0M | $275K |
| LPL Financial LLC | $22.3M | $1.6M |
| Royal Bank of Canada | $19.9M | $4.0M |
| JPMorgan Chase & Co | $9.4M | $7.6M |
| Wells Fargo & Company | $10.2M | $5.5M |
| Northwestern Mutual Wealth Management Co | $7.2M | $2.0M |
| Cetera Investment Advisers | $3.6M | $1.4M |
| Raymond James Financial Inc. | $1.8M | $2.5M |
| Rockefeller Capital Management L.P. | $1.7M | $986K |
| Stifel Financial Corp. | $870K | $1.5M |
| Harel Insurance Investments & Financial Services Ltd. | $13K | $2.3M |
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: DNL institutional holders, DBEU institutional holders.
Frequently asked questions
How much do DNL and DBEU overlap?
21.0% by weight, with 57 holdings in common, using holdings for DNL as of June 30, 2026 and DBEU as of May 29, 2026. The largest shared position is ASML.
Do institutions hold both DNL and DBEU?
31 Form 13F filers report positions in both, out of 152 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%.