HDEF vs EWP overlap
HDEF and EWP overlap 4.5% by weight, across 4 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | HDEF | EWP | Overlap |
|---|---|---|---|
| Iberdrola SAIBE | 3.37% | 13.66% | 3.37% |
| Repsol SAREP | 0.70% | 5.02% | 0.70% |
| Naturgy EnergyNTGY | 0.33% | 2.08% | 0.33% |
| Mapfre SAMAP | 0.12% | 1.22% | 0.12% |
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: HDEF, SEC Form N-PORT, May 29, 2026; EWP, SEC Form N-PORT, May 31, 2026.
Largest institutions holding both
| Firm | HDEF | EWP |
|---|---|---|
| BlackRock, Inc. | $124K | $567.3M |
| Morgan Stanley | $91.1M | $19.2M |
| Bank of Montreal | $191K | $62.2M |
| LPL Financial LLC | $30.6M | $16.5M |
| Bank of America Corp. | $39.9M | $2.2M |
| UBS Group AG | $20.4M | $8.0M |
| Wells Fargo & Company | $19.7M | $3.0M |
| Envestnet Asset Management Inc. | $17.1M | $806K |
| JPMorgan Chase & Co | $11.3M | $4.1M |
| Royal Bank of Canada | $12.3M | $298K |
| Cetera Investment Advisers | $10.6M | $308K |
| HighTower Advisors, LLC | $5.1M | $3.3M |
| Raymond James Financial Inc. | $6.1M | $807K |
| Assetmark, Inc. | $6.3M | $5K |
| Qube Research & Technologies Ltd | $185K | $4.1M |
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: HDEF institutional holders, EWP institutional holders.
Frequently asked questions
How much do HDEF and EWP overlap?
4.5% by weight, with 4 holdings in common, using holdings for HDEF as of May 29, 2026 and EWP as of May 31, 2026. The largest shared position is IBE.
Do institutions hold both HDEF and EWP?
33 Form 13F filers report positions in both, out of 230 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%.