IBDW vs DFNM overlap
IBDW and DFNM overlap 0.0% by weight, across 0 shared holdings.
Pick 2 to 4 ETFs.
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: IBDW, SEC Form N-PORT, July 31, 2026; DFNM, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | IBDW | DFNM |
|---|---|---|
| Focus Partners Wealth | $1.4M | $245.0M |
| Aptus Capital Advisors, LLC | $156.8M | $435K |
| Bank of America Corp. | $114.0M | $23.3M |
| Morgan Stanley | $101.5M | $422K |
| HighTower Advisors, LLC | $63.6M | $14.0M |
| Raymond James Financial Inc. | $72.8M | $1.7M |
| Commonwealth Equity Services, LLC | $16.7M | $32.5M |
| Wells Fargo & Company | $48.6M | $10K |
| Mercer Global Advisors Inc. | $39.4M | $5.8M |
| Royal Bank of Canada | $42.9M | $511K |
| LPL Financial LLC | $15.1M | $28.0M |
| UBS Group AG | $41.2M | $483 |
| NewEdge Advisors, LLC | $25.2M | $1.4M |
| Integrated Wealth Concepts LLC | $1.2M | $18.9M |
| US Bancorp | $18.6M | $221K |
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: IBDW institutional holders, DFNM institutional holders.
Frequently asked questions
How much do IBDW and DFNM overlap?
0.0% by weight, with 0 holdings in common, using holdings for IBDW as of July 31, 2026 and DFNM as of July 31, 2026.
Do institutions hold both IBDW and DFNM?
62 Form 13F filers report positions in both, out of 523 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%.