KMCA vs IPAV overlap

KMCA and IPAV overlap 2.0% by weight, across 1 shared holdings.

KMCAIPAV

Pick 2 to 4 ETFs.

2.0%

overlap by weight, across 1 shared holdings

KMCA2.4% of the fund is in shared holdings, of 35

IPAV2.0% of the fund is in shared holdings, of 101

Top shared holdings

Holding	KMCA	IPAV	Overlap
LS Electric Co L010120	2.40%	1.98%	1.98%

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: KMCA, SEC Form N-PORT, May 31, 2026; IPAV, SEC Form N-PORT, May 31, 2026.

institutions report holding both, of 9 holding any

KMCA16.6% of its 13F dollars, 50.0% of its 4 holders

IPAV19.6% of its 13F dollars, 28.6% of its 7 holders

Largest institutions holding both

Firm	KMCA	IPAV
Old Mission Capital LLC	$283K	$326K
UBS Group AG	$3K	$3K

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: KMCA institutional holders, IPAV institutional holders.

Frequently asked questions

How much do KMCA and IPAV overlap?

2.0% by weight, with 1 holdings in common, using holdings for KMCA as of May 31, 2026 and IPAV as of May 31, 2026. The largest shared position is 010120.

Do institutions hold both KMCA and IPAV?

2 Form 13F filers report positions in both, out of 9 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%.