LMBS vs CGCB overlap
LMBS and CGCB overlap 0.6% by weight, across 18 shared holdings.
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Top shared holdings
| Holding | LMBS | CGCB | Overlap |
|---|---|---|---|
| US Treasury N/BT | 0.13% | 1.22% | 0.13% |
| Research-Driven Pagaya Motor Trust, Series 2025-5A, Class A3 | 0.13% | 0.09% | 0.09% |
| BX 2025-VOLT a | 0.05% | 0.16% | 0.05% |
| BX 2025-ARIA a | 0.05% | 0.13% | 0.05% |
| FNCL 5.5 8/26 | 2.34% | 0.04% | 0.04% |
| HGMT 2025-HGLR aHGMT | 0.15% | 0.04% | 0.04% |
| CMORPM | 0.08% | 0.04% | 0.04% |
| NY Commercial Mortgage Trust 2 NY 2025 299P a 144ANY | 0.05% | 0.04% | 0.04% |
| Towd Point Mortgage Trust | 0.04% | 0.03% | 0.03% |
| PROG 2025-SFR3 a | 0.06% | 0.03% | 0.03% |
| Stacr 2024-DNA2 A1 | 0.09% | 0.02% | 0.02% |
| FNCL 5 8/26 | 1.57% | 0.02% | 0.02% |
| JW 2024-BERY a | 0.06% | 0.02% | 0.02% |
| PRPM LLC, Series 2025-RPL3, Class A1 | 0.03% | 0.01% | 0.01% |
| CAS 2025-R02 1A1 | 0.06% | 0.01% | 0.01% |
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: LMBS, SEC Form N-PORT, July 31, 2026; CGCB, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | LMBS | CGCB |
|---|---|---|
| LPL Financial LLC | $684.5M | $859.6M |
| Morgan Stanley | $784.0M | $238.9M |
| Wells Fargo & Company | $284.1M | $172.6M |
| Raymond James Financial Inc. | $212.8M | $147.0M |
| UBS Group AG | $247.1M | $21.1M |
| Cetera Investment Advisers | $136.3M | $118.1M |
| Envestnet Asset Management Inc. | $50.7M | $202.2M |
| Northwestern Mutual Wealth Management Co | $67.3M | $176.6M |
| Bank of America Corp. | $101.1M | $116.2M |
| Royal Bank of Canada | $167.2M | $49.1M |
| Cambridge Investment Research Advisors, Inc. | $74.6M | $92.4M |
| HighTower Advisors, LLC | $105.1M | $2.9M |
| Osaic Holdings, Inc. | $38.0M | $68.3M |
| Commonwealth Equity Services, LLC | $76.3M | $27.4M |
| Jones Financial Companies LLLP | $39.8M | $43.4M |
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: LMBS institutional holders, CGCB institutional holders.
Frequently asked questions
How much do LMBS and CGCB overlap?
0.6% by weight, with 18 holdings in common, using holdings for LMBS as of July 31, 2026 and CGCB as of June 30, 2026. The largest shared position is T.
Do institutions hold both LMBS and CGCB?
124 Form 13F filers report positions in both, out of 592 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%.