FBT vs BDVL overlap
50 institutions report holding both FBT and BDVL.
FBTBDVL
Pick 2 to 4 ETFs.
We don’t have holdings for BDVL. Most funds that aren’t in the SEC’s N-PORT data are unit trusts, grantor trusts or very new funds. The institutions tab may still have them.
50
institutions report holding both, of 393 holding any
FBT31.6% of its 13F dollars, 14.6% of its 342 holders
BDVL91.8% of its 13F dollars, 49.5% of its 101 holders
Largest institutions holding both
| Firm | FBT | BDVL |
|---|---|---|
| Envestnet Asset Management Inc. | $15.5M | $892.9M |
| LPL Financial LLC | $64.1M | $357.8M |
| Wells Fargo & Company | $110.1M | $137.2M |
| MML Investors Services, LLC | $2.0M | $192.3M |
| Morgan Stanley | $135.2M | $41K |
| JPMorgan Chase & Co | $4.8M | $89.5M |
| Cetera Investment Advisers | $12.0M | $76.8M |
| Northwestern Mutual Wealth Management Co | $3.7M | $53.5M |
| Raymond James Financial Inc. | $54.9M | $210K |
| Royal Bank of Canada | $52.1M | $91K |
| UBS Group AG | $50.9M | $185K |
| Cambridge Investment Research Advisors, Inc. | $21.1M | $5.1M |
| WCG Wealth Advisors LLC | $20.7M | $634K |
| Ameriprise Financial Inc. | $18.7M | $274K |
| Advisory Services Network, LLC | $17.8M | $706K |
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: FBT institutional holders, BDVL institutional holders.
Frequently asked questions
Do institutions hold both FBT and BDVL?
50 Form 13F filers report positions in both, out of 393 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%.