IWV vs COWZ overlap
IWV and COWZ overlap 6.7% by weight, across 100 shared holdings.
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Top shared holdings
| Holding | IWV | COWZ | Overlap |
|---|---|---|---|
| Qualcomm Inc.QCOM | 0.27% | 1.31% | 0.27% |
| Verizon CommunicVZ | 0.24% | 1.97% | 0.24% |
| Gilead SciencesGILD | 0.22% | 1.93% | 0.22% |
| UBER TechnologieUBER | 0.19% | 1.90% | 0.19% |
| At&T Inc.T | 0.19% | 1.95% | 0.19% |
| Booking HoldingsBKNG | 0.19% | 2.22% | 0.19% |
| Pfizer Inc.PFE | 0.19% | 1.84% | 0.19% |
| Salesforce Inc.CRM | 0.17% | 1.90% | 0.17% |
| LOWE'S COS Inc.LOW | 0.17% | 1.89% | 0.17% |
| Altria Group Inc.MO | 0.17% | 1.81% | 0.17% |
| Bristol-MYER SQBBMY | 0.16% | 2.18% | 0.16% |
| Newmont Corp.NEM | 0.14% | 1.80% | 0.14% |
| McKesson Corp.MCK | 0.13% | 1.79% | 0.13% |
| General DynamicsGD | 0.12% | 2.05% | 0.12% |
| Automatic DataADP | 0.12% | 1.66% | 0.12% |
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: IWV, SEC Form N-PORT, June 30, 2026; COWZ, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | IWV | COWZ |
|---|---|---|
| Bank of America Corp. | $290.0M | $2.2B |
| Morgan Stanley | $492.6M | $889.1M |
| LPL Financial LLC | $198.5M | $1.1B |
| Goldman Sachs Group Inc. | $835.8M | $41.1M |
| SCS Capital Management LLC | $792.5M | $783K |
| Raymond James Financial Inc. | $66.7M | $515.2M |
| Wells Fargo & Company | $104.2M | $388.7M |
| Northwestern Mutual Wealth Management Co | $14.4M | $457.4M |
| BlackRock, Inc. | $428.3M | $3.1M |
| Northern Trust Corp. | $423.6M | $917K |
| Cambridge Investment Research Advisors, Inc. | $25.6M | $389.7M |
| Cetera Investment Advisers | $63.5M | $336.1M |
| UBS Group AG | $126.2M | $260.1M |
| Ameriprise Financial Inc. | $173.0M | $183.7M |
| Osaic Holdings, Inc. | $42.2M | $250.0M |
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: IWV institutional holders, COWZ institutional holders.
Frequently asked questions
How much do IWV and COWZ overlap?
6.7% by weight, with 100 holdings in common, using holdings for IWV as of June 30, 2026 and COWZ as of July 31, 2026. The largest shared position is QCOM.
Do institutions hold both IWV and COWZ?
319 Form 13F filers report positions in both, out of 1,449 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%.