HFSI vs DMBS overlap
HFSI and DMBS overlap 0.8% by weight, across 2 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | HFSI | DMBS | Overlap |
|---|---|---|---|
| FNCL 3 8/26 | 0.68% | 1.50% | 0.68% |
| FNCL 2 8/26 | 0.13% | 5.75% | 0.13% |
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: HFSI, SEC Form N-PORT, July 31, 2026; DMBS, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | HFSI | DMBS |
|---|---|---|
| Osaic Holdings, Inc. | $25.3M | $54.5M |
| Envestnet Asset Management Inc. | $13.1M | $26.3M |
| Royal Bank of Canada | $13.7M | $16K |
| Jones Financial Companies LLLP | $11.1M | $1K |
| Mariner, LLC | $788K | $9.5M |
| MML Investors Services, LLC | $3.2M | $6.7M |
| Mutual Advisors, LLC | $8.6M | $276K |
| Morgan Stanley | $6K | $8.8M |
| LPL Financial LLC | $7.4M | $1.2M |
| Commonwealth Equity Services, LLC | $6.3M | $415K |
| Cambridge Investment Research Advisors, Inc. | $5.6M | $734K |
| Steward Partners Investment Advisory, LLC | $1.1M | $6K |
| AdvisorNet Financial, Inc | $777K | $18K |
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: HFSI institutional holders, DMBS institutional holders.
Frequently asked questions
How much do HFSI and DMBS overlap?
0.8% by weight, with 2 holdings in common, using holdings for HFSI as of July 31, 2026 and DMBS as of June 30, 2026. The largest shared position is FNCL 3 8/26.
Do institutions hold both HFSI and DMBS?
13 Form 13F filers report positions in both, out of 171 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%.