INDY vs DBAW overlap
INDY and DBAW overlap 2.1% by weight, across 50 shared holdings.
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Top shared holdings
| Holding | INDY | DBAW | Overlap |
|---|---|---|---|
| HDFC Bank Ltd.HDFCB | 11.11% | 0.22% | 0.22% |
| Icici Bank Ltd.ICICIBC | 8.98% | 0.17% | 0.17% |
| Reliance IndustrRELIANC | 7.98% | 0.13% | 0.13% |
| Bharti AirtelBHARTI | 5.14% | 0.12% | 0.12% |
| Infosys Ltd.INFO | 3.21% | 0.09% | 0.09% |
| AXIS Bank Ltd.AXSB | 3.51% | 0.08% | 0.08% |
| Larsen & ToubroLT | 4.43% | 0.07% | 0.07% |
| Mahindra & MahinMM | 2.50% | 0.07% | 0.07% |
| Bajaj Finance LTBAF | 2.46% | 0.06% | 0.06% |
| Kotak MahindraKMB | 2.64% | 0.06% | 0.06% |
| TATA ConsultancyTCS | 1.89% | 0.05% | 0.05% |
| Hindustan UnilevHUVR | 1.71% | 0.05% | 0.05% |
| State Bank INDSBIN | 3.88% | 0.04% | 0.04% |
| NTPC Ltd.NTPC | 1.54% | 0.04% | 0.04% |
| Maruti Suzuki inMSIL | 1.69% | 0.04% | 0.04% |
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: INDY, SEC Form N-PORT, June 30, 2026; DBAW, SEC Form N-PORT, May 29, 2026.
Largest institutions holding both
| Firm | INDY | DBAW |
|---|---|---|
| Bank of America Corp. | $5.7M | $28.7M |
| LPL Financial LLC | $6.3M | $27.6M |
| Raymond James Financial Inc. | $1.2M | $29.2M |
| Morgan Stanley | $7.7M | $17.8M |
| Royal Bank of Canada | $6.0M | $1.7M |
| UBS Group AG | $5.5M | $975K |
| Citadel Advisors LLC | $2.3M | $3.3M |
| Envestnet Asset Management Inc. | $403K | $2.6M |
| Jones Financial Companies LLLP | $743K | $1.5M |
| Wells Fargo & Company | $1.7M | $166K |
| Integrated Wealth Concepts LLC | $17K | $1.8M |
| Osaic Holdings, Inc. | $419K | $983K |
| Cambridge Investment Research Advisors, Inc. | $538K | $414K |
| Cerity Partners LLC | $379K | $500K |
| Cetera Investment Advisers | $389K | $243K |
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: INDY institutional holders, DBAW institutional holders.
Frequently asked questions
How much do INDY and DBAW overlap?
2.1% by weight, with 50 holdings in common, using holdings for INDY as of June 30, 2026 and DBAW as of May 29, 2026. The largest shared position is HDFCB.
Do institutions hold both INDY and DBAW?
19 Form 13F filers report positions in both, out of 110 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%.