IPAV vs INDH overlap

IPAV and INDH overlap 6.8% by weight, across 5 shared holdings.

IPAVINDH

Pick 2 to 4 ETFs.

6.8%

overlap by weight, across 5 shared holdings

IPAV10.1% of the fund is in shared holdings, of 101

INDH7.3% of the fund is in shared holdings, of 79

Top shared holdings

Holding	IPAV	INDH	Overlap
Larsen & ToubroLT	2.34%	2.82%	2.34%
TATA Steel Ltd.TATA	2.77%	1.52%	1.52%
Ultratech CementUTCEM	2.25%	1.40%	1.40%
JSW Steel Ltd.JSTL	2.07%	1.25%	1.25%
Ambuja CementsACEM	0.63%	0.31%	0.31%

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: IPAV, SEC Form N-PORT, May 31, 2026; INDH, SEC Form N-PORT, June 30, 2026.

institutions report holding both, of 9 holding any

IPAV19.5% of its 13F dollars, 14.3% of its 7 holders

INDH68.6% of its 13F dollars, 33.3% of its 3 holders

Largest institutions holding both

Firm	IPAV	INDH
Old Mission Capital LLC	$326K	$1.2M

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: IPAV institutional holders, INDH institutional holders.

Frequently asked questions

How much do IPAV and INDH overlap?

6.8% by weight, with 5 holdings in common, using holdings for IPAV as of May 31, 2026 and INDH as of June 30, 2026. The largest shared position is LT.

Do institutions hold both IPAV and INDH?

1 Form 13F filers report positions in both, out of 9 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%.