NLR vs KBE overlap
NLR and KBE 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: NLR, SEC Form N-PORT, June 30, 2026; KBE, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | NLR | KBE |
|---|---|---|
| Morgan Stanley | $152.3M | $467.0M |
| Goldman Sachs Group Inc. | $6.4M | $477.8M |
| LPL Financial LLC | $275.1M | $24.2M |
| Bank of America Corp. | $137.1M | $88.3M |
| Citigroup Inc. | $1.6M | $136.9M |
| Wells Fargo & Company | $68.4M | $45.4M |
| Barclays PLC | $2.9M | $106.8M |
| Raymond James Financial Inc. | $75.4M | $9.1M |
| UBS Group AG | $47.9M | $35.8M |
| Royal Bank of Canada | $47.1M | $29.9M |
| Cetera Investment Advisers | $59.9M | $4.7M |
| JPMorgan Chase & Co | $6.8M | $56.6M |
| Envestnet Asset Management Inc. | $35.6M | $13.0M |
| Stifel Financial Corp. | $35.2M | $5.0M |
| Jane Street Group, LLC | $3.0M | $33.5M |
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: NLR institutional holders, KBE institutional holders.
Frequently asked questions
How much do NLR and KBE overlap?
0.0% by weight, with 0 holdings in common, using holdings for NLR as of June 30, 2026 and KBE as of June 30, 2026.
Do institutions hold both NLR and KBE?
145 Form 13F filers report positions in both, out of 654 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%.