NEWZ vs GDOC overlap

NEWZ and GDOC overlap 1.6% by weight, across 1 shared holdings.

NEWZGDOC

Pick 2 to 4 ETFs.

1.6%

overlap by weight, across 1 shared holdings

NEWZ3.4% of the fund is in shared holdings, of 28

GDOC1.6% of the fund is in shared holdings, of 41

These funds report on different dates (NEWZ: July 31, 2026, GDOC: May 31, 2026), so market moves and index changes between those dates lower the number. Funds tracking the same index can read well below their true overlap.

Top shared holdings

Holding	NEWZ	GDOC	Overlap
Penumbra Inc.PEN	3.43%	1.61%	1.61%

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: NEWZ, SEC Form N-PORT, July 31, 2026; GDOC, SEC Form N-PORT, May 31, 2026.

institutions report holding both, of 10 holding any

NEWZ0.7% of its 13F dollars, 20.0% of its 5 holders

GDOC8.2% of its 13F dollars, 16.7% of its 6 holders

Largest institutions holding both

Firm	NEWZ	GDOC
Morgan Stanley	$75K	$945K

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: NEWZ institutional holders, GDOC institutional holders.

Frequently asked questions

How much do NEWZ and GDOC overlap?

1.6% by weight, with 1 holdings in common, using holdings for NEWZ as of July 31, 2026 and GDOC as of May 31, 2026. The largest shared position is PEN.

Do institutions hold both NEWZ and GDOC?

1 Form 13F filers report positions in both, out of 10 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%.