IWS vs DFAS overlap
IWS and DFAS overlap 22.1% by weight, across 364 shared holdings.
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Top shared holdings
| Holding | IWS | DFAS | Overlap |
|---|---|---|---|
| Wesco IntlWCC | 0.16% | 0.25% | 0.16% |
| Generac HoldingsGNRC | 0.17% | 0.15% | 0.15% |
| ONTO InnovationONTO | 0.15% | 0.20% | 0.15% |
| DT MidstreamDTM | 0.15% | 0.19% | 0.15% |
| AramarkARMK | 0.15% | 0.22% | 0.15% |
| Ovintiv Inc.OVV | 0.15% | 0.19% | 0.15% |
| Regal Rexnord CoRRX | 0.16% | 0.15% | 0.15% |
| JAZZ PharmaceutiJAZZ | 0.14% | 0.28% | 0.14% |
| Pinnacle FinanciPNFP | 0.14% | 0.23% | 0.14% |
| Stanley Black &SWK | 0.14% | 0.14% | 0.14% |
| Globe Life Inc.GL | 0.14% | 0.20% | 0.14% |
| Alcoa Corp.AA | 0.13% | 0.16% | 0.13% |
| Borgwarner Inc.BWA | 0.13% | 0.25% | 0.13% |
| Mueller INDSMLI | 0.13% | 0.19% | 0.13% |
| Pinnacle WestPNW | 0.13% | 0.16% | 0.13% |
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: IWS, SEC Form N-PORT, June 30, 2026; DFAS, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | IWS | DFAS |
|---|---|---|
| Creative Planning | $21.5M | $2.3B |
| Morgan Stanley | $1.3B | $12.6M |
| Jones Financial Companies LLLP | $1.2B | $32.7M |
| Bank of America Corp. | $575.1M | $561.7M |
| Northern Trust Corp. | $16.0M | $778.1M |
| Wells Fargo & Company | $597.3M | $24.3M |
| Royal Bank of Canada | $358.1M | $98.9M |
| TIAA-CREF Individual & Institutional Services, LLC | $450.0M | $1.8M |
| Envestnet Portfolio Solutions, Inc. | $415.2M | $5.6M |
| UBS Group AG | $277.5M | $87.9M |
| Commonwealth Equity Services, LLC | $307.5M | $55.4M |
| US Bancorp | $326.7M | $1.0M |
| Commerce Bank | $314.8M | $5.2M |
| FMR LLC | $315.2M | $1.5M |
| Focus Partners Wealth | $39.9M | $269.8M |
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: IWS institutional holders, DFAS institutional holders.
Frequently asked questions
How much do IWS and DFAS overlap?
22.1% by weight, with 364 holdings in common, using holdings for IWS as of June 30, 2026 and DFAS as of July 31, 2026. The largest shared position is WCC.
Do institutions hold both IWS and DFAS?
381 Form 13F filers report positions in both, out of 1,573 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%.