IEO vs BNO overlap
19 institutions report holding both IEO and BNO.
IEOBNO
Pick 2 to 4 ETFs.
We don’t have holdings for BNO. Most funds that aren’t in the SEC’s N-PORT data are unit trusts, grantor trusts or very new funds. The institutions tab may still have them.
19
institutions report holding both, of 197 holding any
IEO39.8% of its 13F dollars, 11.8% of its 161 holders
BNO28.5% of its 13F dollars, 34.5% of its 55 holders
Largest institutions holding both
| Firm | IEO | BNO |
|---|---|---|
| Citadel Advisors LLC | $4.8M | $42.8M |
| Morgan Stanley | $32.7M | $170K |
| Wells Fargo & Company | $9.8M | $7.0M |
| Bank of America Corp. | $11.1M | $3.4M |
| LPL Financial LLC | $9.8M | $488K |
| Royal Bank of Canada | $5.1M | $187K |
| Susquehanna International Group, LLP | $4.3M | $461K |
| UBS Group AG | $4.3M | $22K |
| Flow Traders U.S. LLC | $1.9M | $1.6M |
| JPMorgan Chase & Co | $1.2M | $2.3M |
| Osaic Holdings, Inc. | $1.4M | $586K |
| Jane Street Group, LLC | $583K | $1.3M |
| Ignite Planners, LLC | $244K | $872K |
| Focus Partners Wealth | $368K | $692K |
| Kestra Advisory Services, LLC | $445K | $269K |
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: IEO institutional holders, BNO institutional holders.
Frequently asked questions
Do institutions hold both IEO and BNO?
19 Form 13F filers report positions in both, out of 197 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%.