ISMF vs FCEF overlap
5 institutions report holding both ISMF and FCEF.
ISMFFCEF
Pick 2 to 4 ETFs.
We don’t have holdings for ISMF. 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.
5
institutions report holding both, of 50 holding any
ISMF3.4% of its 13F dollars, 21.7% of its 23 holders
FCEF4.3% of its 13F dollars, 15.6% of its 32 holders
Largest institutions holding both
| Firm | ISMF | FCEF |
|---|---|---|
| Osaic Holdings, Inc. | $6K | $1.3M |
| AE Wealth Management LLC | $1.2M | $15K |
| Susquehanna International Group, LLP | $364K | $623K |
| Global Retirement Partners, LLC | $8K | $22K |
| Wells Fargo & Company | $3K | $21 |
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: ISMF institutional holders, FCEF institutional holders.
Frequently asked questions
Do institutions hold both ISMF and FCEF?
5 Form 13F filers report positions in both, out of 50 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%.