IPAC vs CGIE overlap
IPAC and CGIE overlap 16.5% by weight, across 21 shared holdings.
Pick 2 to 4 ETFs.
These funds report on different dates (IPAC: July 31, 2026, CGIE: 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
| Holding | IPAC | CGIE | Overlap |
|---|---|---|---|
| Tokyo Electron8035 | 1.62% | 1.62% | 1.62% |
| Hitachi Ltd.6501 | 1.57% | 1.36% | 1.36% |
| DBS Group HldgsDBS | 1.29% | 1.41% | 1.29% |
| AIA1299 | 1.15% | 1.28% | 1.15% |
| Recruit Holdings6098 | 1.13% | 1.24% | 1.13% |
| SONY Group Corp.6758 | 1.48% | 1.05% | 1.05% |
| Keyence Corp.6861 | 1.03% | 1.14% | 1.03% |
| Mitsubishi Corp.8058 | 0.98% | 1.64% | 0.98% |
| Tokio Marine HD8766 | 0.99% | 0.88% | 0.88% |
| Itochu Corp.8001 | 0.76% | 1.02% | 0.76% |
| Mitsub ELEC Corp.6503 | 0.74% | 0.79% | 0.74% |
| SHIN-ETSU CHEM4063 | 0.64% | 0.77% | 0.64% |
| HOYA Corp.7741 | 0.56% | 0.88% | 0.56% |
| HKEX388 | 0.55% | 1.63% | 0.55% |
| Marubeni Corp.8002 | 0.50% | 1.35% | 0.50% |
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: IPAC, SEC Form N-PORT, July 31, 2026; CGIE, SEC Form N-PORT, May 31, 2026.
Largest institutions holding both
| Firm | IPAC | CGIE |
|---|---|---|
| Envestnet Asset Management Inc. | $219.4M | $37.5M |
| JPMorgan Chase & Co | $232.8M | $50K |
| Morgan Stanley | $84.1M | $109.0M |
| Jones Financial Companies LLLP | $622K | $137.4M |
| Cetera Investment Advisers | $33.2M | $101.6M |
| UBS Group AG | $7.3M | $97.7M |
| LPL Financial LLC | $9.0M | $88.8M |
| Bank of America Corp. | $16.7M | $73.5M |
| Royal Bank of Canada | $1.5M | $80.1M |
| Assetmark, Inc. | $77.1M | $44K |
| Stifel Financial Corp. | $50.0M | $23.2M |
| Wells Fargo & Company | $16.7M | $39.4M |
| Raymond James Financial Inc. | $1.4M | $51.2M |
| Northwestern Mutual Wealth Management Co | $326K | $43.5M |
| Osaic Holdings, Inc. | $12.0M | $30.3M |
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: IPAC institutional holders, CGIE institutional holders.
Frequently asked questions
How much do IPAC and CGIE overlap?
16.5% by weight, with 21 holdings in common, using holdings for IPAC as of July 31, 2026 and CGIE as of May 31, 2026. The largest shared position is 8035.
Do institutions hold both IPAC and CGIE?
48 Form 13F filers report positions in both, out of 319 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%.