GOVT vs BND overlap
GOVT and BND overlap 32.9% by weight, across 210 shared holdings.
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Top shared holdings
| Holding | GOVT | BND | Overlap |
|---|---|---|---|
| US Treasury N/B | 0.63% | 0.47% | 0.47% |
| US Treasury N/B | 0.83% | 0.41% | 0.41% |
| US Treasury N/B | 0.77% | 0.41% | 0.41% |
| US Treasury N/B | 0.67% | 0.41% | 0.41% |
| US Treasury N/B | 0.44% | 0.41% | 0.41% |
| US Treasury N/BT | 0.73% | 0.41% | 0.41% |
| US Treasury N/B | 0.92% | 0.41% | 0.41% |
| US Treasury N/B | 0.99% | 0.40% | 0.40% |
| US Treasury N/BT | 0.80% | 0.39% | 0.39% |
| US Treasury N/B | 0.82% | 0.39% | 0.39% |
| US Treasury N/B | 0.48% | 0.36% | 0.36% |
| US Treasury N/BT | 0.62% | 0.36% | 0.36% |
| US Treasury N/BT | 0.52% | 0.35% | 0.35% |
| US Treasury N/B | 0.64% | 0.35% | 0.35% |
| US Treasury N/B | 0.94% | 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: GOVT, SEC Form N-PORT, July 31, 2026; BND, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | GOVT | BND |
|---|---|---|
| JPMorgan Chase & Co | $5.2B | $11.5B |
| Bank of America Corp. | $11.1B | $2.0B |
| Northwestern Mutual Wealth Management Co | $30.5M | $10.4B |
| Morgan Stanley | $1.0B | $9.2B |
| Creative Planning | $9.1M | $9.6B |
| Envestnet Asset Management Inc. | $3.8B | $1.8B |
| LPL Financial LLC | $3.7B | $1.5B |
| Vanguard Advisers Inc. | $34K | $4.6B |
| Savant Capital, LLC | $15.6M | $2.6B |
| Wells Fargo & Company | $69.3M | $2.1B |
| Truist Financial Corp. | $1.7B | $209.4M |
| Allworth Financial LP | $476.6M | $1.4B |
| PNC Financial Services Group, Inc. | $1.4B | $271.5M |
| BlackRock, Inc. | $548.9M | $611.2M |
| Assetmark, Inc. | $624.7M | $532.3M |
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: GOVT institutional holders, BND institutional holders.
Frequently asked questions
How much do GOVT and BND overlap?
32.9% by weight, with 210 holdings in common, using holdings for GOVT as of July 31, 2026 and BND as of June 30, 2026. The largest shared position is US TREASURY N/B.
Do institutions hold both GOVT and BND?
606 Form 13F filers report positions in both, out of 2,175 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%.