FNDB vs FAD overlap
FNDB and FAD overlap 18.1% by weight, across 422 shared holdings.
Pick 2 to 4 ETFs.
These funds report on different dates (FNDB: May 31, 2026, FAD: July 31, 2026), so market moves and index changes between those dates lower the number. Funds tracking the same index can read well below their true overlap.
Top shared holdings
| Holding | FNDB | FAD | Overlap |
|---|---|---|---|
| Morgan StanleyMS | 0.41% | 0.49% | 0.41% |
| Goldman Sachs GPGS | 0.54% | 0.39% | 0.39% |
| Alphabet Inc.-aGOOGL | 2.20% | 0.39% | 0.39% |
| Cisco SystemsCSCO | 0.84% | 0.38% | 0.38% |
| Caterpillar Inc.CAT | 0.56% | 0.37% | 0.37% |
| ADV Micro DeviceAMD | 0.36% | 0.40% | 0.36% |
| Micron TechMU | 1.48% | 0.34% | 0.34% |
| Amazon.COM Inc.AMZN | 1.72% | 0.32% | 0.32% |
| Apple Inc.AAPL | 4.29% | 0.30% | 0.30% |
| Ford Motor CoF | 0.55% | 0.30% | 0.30% |
| Broadcom Inc.AVGO | 0.60% | 0.29% | 0.29% |
| Merck & CoMRK | 0.63% | 0.29% | 0.29% |
| Johnson&JohnsonJNJ | 0.89% | 0.29% | 0.29% |
| Nvidia Corp.NVDA | 0.51% | 0.28% | 0.28% |
| Applied MaterialAMAT | 0.43% | 0.27% | 0.27% |
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: FNDB, SEC Form N-PORT, May 31, 2026; FAD, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | FNDB | FAD |
|---|---|---|
| Morgan Stanley | $13.2M | $55.5M |
| LPL Financial LLC | $3.2M | $55.3M |
| Cambridge Investment Research Advisors, Inc. | $37.3M | $11.7M |
| Wells Fargo & Company | $45 | $42.5M |
| Raymond James Financial Inc. | $9.3M | $25.1M |
| Bank of America Corp. | $14.5M | $8.3M |
| Jones Financial Companies LLLP | $5.5M | $12.0M |
| Commonwealth Equity Services, LLC | $2.3M | $13.7M |
| Osaic Holdings, Inc. | $5.9M | $9.9M |
| Envestnet Asset Management Inc. | $9.0M | $6.1M |
| Northwestern Mutual Wealth Management Co | $262K | $7.2M |
| MML Investors Services, LLC | $6.6M | $771K |
| UBS Group AG | $3.4M | $3.5M |
| Kestra Advisory Services, LLC | $362K | $6.3M |
| Creative Planning | $1.5M | $4.9M |
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: FNDB institutional holders, FAD institutional holders.
Frequently asked questions
How much do FNDB and FAD overlap?
18.1% by weight, with 422 holdings in common, using holdings for FNDB as of May 31, 2026 and FAD as of July 31, 2026. The largest shared position is MS.
Do institutions hold both FNDB and FAD?
39 Form 13F filers report positions in both, out of 244 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%.