MUST vs IBTL overlap
MUST and IBTL overlap 0.0% by weight, across 0 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
These funds hold nothing in common.
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: MUST, SEC Form N-PORT, July 31, 2026; IBTL, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | MUST | IBTL |
|---|---|---|
| Morgan Stanley | $121.5M | $14.8M |
| LPL Financial LLC | $80.6M | $1.9M |
| Ameriprise Financial Inc. | $61.2M | $13.2M |
| Wells Fargo & Company | $21.6M | $51.4M |
| Bank of America Corp. | $31.0M | $18.4M |
| Envestnet Asset Management Inc. | $1.2M | $18.0M |
| Raymond James Financial Inc. | $6.0M | $9.0M |
| NewEdge Advisors, LLC | $280K | $13.7M |
| Royal Bank of Canada | $5.1M | $5.1M |
| UBS Group AG | $5.0M | $4.5M |
| CENTRAL TRUST Co | $2.8M | $3.8M |
| Commonwealth Equity Services, LLC | $5.9M | $639K |
| Goldman Sachs Group Inc. | $1.6M | $3.4M |
| Osaic Holdings, Inc. | $4.1M | $512K |
| Cetera Investment Advisers | $2.6M | $1.7M |
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: MUST institutional holders, IBTL institutional holders.
Frequently asked questions
How much do MUST and IBTL overlap?
0.0% by weight, with 0 holdings in common, using holdings for MUST as of July 31, 2026 and IBTL as of July 31, 2026.
Do institutions hold both MUST and IBTL?
27 Form 13F filers report positions in both, out of 190 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%.