NTSI vs AVSD overlap

NTSI and AVSD overlap 35.5% by weight, across 322 shared holdings.

NTSIAVSD

Pick 2 to 4 ETFs.

35.5%

overlap by weight, across 322 shared holdings

NTSI55.2% of the fund is in shared holdings, of 450

AVSD42.7% of the fund is in shared holdings, of 2,114

Top shared holdings

Holding	NTSI	AVSD	Overlap
Roper TechnologiROP	1.27%	1.06%	1.06%
Softbank Group C9984	1.14%	0.79%	0.79%
Unicredit SpaUCG	0.80%	0.60%	0.60%
Infineon TechIFX	0.57%	0.64%	0.57%
Safran SASAFRF	0.57%	0.58%	0.57%
Tokyo Electron8035	1.11%	0.56%	0.56%
Commonw BK AustrCBA	0.86%	0.54%	0.54%
Astrazeneca PLCAZN	1.07%	0.49%	0.49%
UBS Group AGUBS	0.77%	0.47%	0.47%
LVMH MOET HenneMC	0.67%	0.46%	0.46%
DBS Group HldgsDBS	0.46%	0.45%	0.45%
Zurich InsuranceZURN	0.49%	0.44%	0.44%
Allianz SE-REGALIZF	0.88%	0.42%	0.42%
Advantest Corp.6857	0.77%	0.42%	0.42%
Tokio Marine HD8766	0.40%	0.47%	0.40%

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: NTSI, SEC Form N-PORT, June 30, 2026; AVSD, SEC Form N-PORT, May 31, 2026.

institutions report holding both, of 124 holding any

NTSI3.4% of its 13F dollars, 32.5% of its 40 holders

AVSD10.7% of its 13F dollars, 13.4% of its 97 holders

Largest institutions holding both

Firm	NTSI	AVSD
FMR LLC	$1K	$14.1M
LPL Financial LLC	$3.7M	$5.5M
Commonwealth Equity Services, LLC	$873K	$6.0M
Jane Street Group, LLC	$3.2M	$2.1M
Susquehanna International Group, LLP	$588K	$4.4M
Fiduciary Financial Advisors	$2K	$3.3M
NewEdge Advisors, LLC	$227K	$2.4M
Osaic Holdings, Inc.	$1.6M	$847K
Citadel Advisors LLC	$1.4M	$801K
Kestra Advisory Services, LLC	$1.2M	$453K
Morgan Stanley	$46K	$238K
Royal Bank of Canada	$48K	$11K
Farther Finance Advisors, LLC	$2K	$41K

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: NTSI institutional holders, AVSD institutional holders.

Frequently asked questions

How much do NTSI and AVSD overlap?

35.5% by weight, with 322 holdings in common, using holdings for NTSI as of June 30, 2026 and AVSD as of May 31, 2026. The largest shared position is ROP.

Do institutions hold both NTSI and AVSD?

13 Form 13F filers report positions in both, out of 124 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%.