IWL vs BKDV overlap
IWL and BKDV overlap 26.8% by weight, across 46 shared holdings.
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Top shared holdings
| Holding | IWL | BKDV | Overlap |
|---|---|---|---|
| Microsoft Corp.MSFT | 4.99% | 4.64% | 4.64% |
| Amazon.COM Inc.AMZN | 4.16% | 6.31% | 4.16% |
| Berkshire HATH-BBRK/B | 1.68% | 3.26% | 1.68% |
| JPMorgan ChaseJPM | 1.57% | 4.05% | 1.57% |
| Johnson&JohnsonJNJ | 1.10% | 2.76% | 1.10% |
| Intel Corp.INTC | 1.10% | 1.06% | 1.06% |
| Cisco SystemsCSCO | 0.83% | 2.75% | 0.83% |
| Abbvie Inc.ABBV | 0.80% | 1.15% | 0.80% |
| Unitedhealth GRPUNH | 0.68% | 2.96% | 0.68% |
| Coca-Cola Co/theKO | 0.57% | 1.76% | 0.57% |
| Applied MaterialAMAT | 1.03% | 0.56% | 0.56% |
| Goldman Sachs GPGS | 0.53% | 0.53% | 0.53% |
| Philip Morris inPM | 0.51% | 1.78% | 0.51% |
| Texas InstrumentTXN | 0.49% | 1.79% | 0.49% |
| META Platforms-aMETA | 2.23% | 0.48% | 0.48% |
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: IWL, SEC Form N-PORT, June 30, 2026; BKDV, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | IWL | BKDV |
|---|---|---|
| Raymond James Financial Inc. | $5.1M | $359.9M |
| Bank of America Corp. | $92.5M | $129.8M |
| LPL Financial LLC | $66.5M | $127.4M |
| Bank of New York Mellon Corp | $488K | $150.0M |
| Morgan Stanley | $125.1M | $144K |
| Commonwealth Equity Services, LLC | $26.2M | $74.7M |
| Mariner, LLC | $1.2M | $57.8M |
| Cambridge Investment Research Advisors, Inc. | $46.9M | $9.3M |
| Stifel Financial Corp. | $1.7M | $54.4M |
| Envestnet Asset Management Inc. | $2.0M | $48.8M |
| Integrated Wealth Concepts LLC | $21.0M | $27.7M |
| HighTower Advisors, LLC | $12.4M | $30.8M |
| JPMorgan Chase & Co | $34.3M | $1.1M |
| Osaic Holdings, Inc. | $16.1M | $18.0M |
| Royal Bank of Canada | $25.5M | $88K |
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: IWL institutional holders, BKDV institutional holders.
Frequently asked questions
How much do IWL and BKDV overlap?
26.8% by weight, with 46 holdings in common, using holdings for IWL as of June 30, 2026 and BKDV as of July 31, 2026. The largest shared position is MSFT.
Do institutions hold both IWL and BKDV?
37 Form 13F filers report positions in both, out of 294 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%.