HERD vs COPY overlap

HERD and COPY overlap 0.0% by weight, across 0 shared holdings.

HERDCOPY

Pick 2 to 4 ETFs.

0.0%

overlap by weight, across 0 shared holdings

HERD0.0% of the fund is in shared holdings, of 5

COPY0.0% of the fund is in shared holdings, of 175

These funds report on different dates (HERD: July 31, 2026, COPY: May 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

These funds hold nothing in common.

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: HERD, SEC Form N-PORT, July 31, 2026; COPY, SEC Form N-PORT, May 31, 2026.

institutions report holding both, of 80 holding any

HERD23.6% of its 13F dollars, 15.9% of its 44 holders

COPY15.5% of its 13F dollars, 16.3% of its 43 holders

Largest institutions holding both

Firm	HERD	COPY
LPL Financial LLC	$10.7M	$6.1M
Osaic Holdings, Inc.	$5.4M	$59K
D.A. Davidson & Co.	$3.0M	$1.5M
EverSource Wealth Advisors, LLC	$108K	$2.7M
NewEdge Advisors, LLC	$24K	$2.2M
Kestra Advisory Services, LLC	$484K	$341K
Morgan Stanley	$20K	$15K

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: HERD institutional holders, COPY institutional holders.

Frequently asked questions

How much do HERD and COPY overlap?

0.0% by weight, with 0 holdings in common, using holdings for HERD as of July 31, 2026 and COPY as of May 31, 2026.

Do institutions hold both HERD and COPY?

7 Form 13F filers report positions in both, out of 80 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%.