JPST vs FBND overlap
JPST and FBND overlap 0.3% by weight, across 18 shared holdings.
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Top shared holdings
| Holding | JPST | FBND | Overlap |
|---|---|---|---|
| Athene Global Funding | 0.08% | 0.10% | 0.08% |
| Palmer Square Loan Funding Ltd., Series 2025-1A, Class A1 | 0.29% | 0.04% | 0.04% |
| NTT Finance Corp | 0.03% | 0.04% | 0.03% |
| TAP 3 07/15/26 | 0.42% | 0.02% | 0.02% |
| Capital One FINL | 0.02% | 0.01% | 0.01% |
| Aercap IrelandAER | 0.01% | 0.06% | 0.01% |
| Mitsubishi UFJ FIN GRP Inc. 4.592%/VAR 04/18/2030 | 0.13% | 0.01% | 0.01% |
| BAT Capital Corp. | 0.37% | 0.01% | 0.01% |
| Oneok Inc. 4.25% 09/24/2027 | 0.18% | 0.01% | 0.01% |
| NTT Finance Corp. 4.62% 07/16/2028 144A | 0.10% | 0.01% | 0.01% |
| NTT Finance Corp. 4.567% 07/16/2027 144A | 0.07% | 0.01% | 0.01% |
| ARI Fleet Lease Trust, Series 2023-A, Class A3 | 0.01% | 0.02% | 0.01% |
| UBS Group AG | 0.10% | 0.01% | 0.01% |
| Boston PROP LP | 0.01% | 0.00% | 0.00% |
| Valet 2024-1 A2A | 0.02% | 0.00% | 0.00% |
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: JPST, SEC Form N-PORT, May 31, 2026; FBND, SEC Form N-PORT, May 31, 2026.
Largest institutions holding both
| Firm | JPST | FBND |
|---|---|---|
| JPMorgan Chase & Co | $5.0B | $638.6M |
| Morgan Stanley | $3.2B | $1.7B |
| Northwestern Mutual Wealth Management Co | $184.5M | $4.6B |
| Bank of America Corp. | $916.8M | $716.0M |
| LPL Financial LLC | $1.0B | $593.4M |
| FMR LLC | $646.9M | $696.3M |
| UBS Group AG | $499.7M | $307.1M |
| Raymond James Financial Inc. | $309.0M | $410.2M |
| Betterment LLC | $695.8M | $5.9M |
| Wells Fargo & Company | $598.5M | $96.8M |
| Envestnet Asset Management Inc. | $216.9M | $366.6M |
| Cetera Investment Advisers | $206.9M | $331.9M |
| HB Wealth Management, LLC | $506.5M | $973K |
| Royal Bank of Canada | $267.6M | $200.0M |
| Osaic Holdings, Inc. | $137.3M | $249.9M |
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: JPST institutional holders, FBND institutional holders.
Frequently asked questions
How much do JPST and FBND overlap?
0.3% by weight, with 18 holdings in common, using holdings for JPST as of May 31, 2026 and FBND as of May 31, 2026. The largest shared position is Athene Global Funding.
Do institutions hold both JPST and FBND?
385 Form 13F filers report positions in both, out of 1,598 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%.