NULV vs GARP overlap
NULV and GARP overlap 8.7% by weight, across 8 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | NULV | GARP | Overlap |
|---|---|---|---|
| Microsoft Corp.MSFT | 8.74% | 4.10% | 4.10% |
| META Platforms-aMETA | 3.55% | 3.35% | 3.35% |
| Citigroup Inc.C | 2.00% | 0.62% | 0.62% |
| Jacobs SolutionsJ | 0.45% | 0.19% | 0.19% |
| Twilio Inc. - aTWLO | 0.87% | 0.14% | 0.14% |
| First Solar Inc.FSLR | 0.33% | 0.11% | 0.11% |
| OKTA Inc.OKTA | 0.70% | 0.11% | 0.11% |
| Centene Corp.CNC | 0.79% | 0.08% | 0.08% |
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: NULV, SEC Form N-PORT, July 31, 2026; GARP, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | NULV | GARP |
|---|---|---|
| Bank of America Corp. | $590.1M | $104.9M |
| LPL Financial LLC | $96.3M | $321.3M |
| Morgan Stanley | $64.7M | $151.4M |
| Cambridge Investment Research Advisors, Inc. | $45.3M | $92.4M |
| JPMorgan Chase & Co | $111.2M | $1.8M |
| Raymond James Financial Inc. | $12.3M | $92.6M |
| Envestnet Asset Management Inc. | $55.0M | $45.0M |
| Commonwealth Equity Services, LLC | $60.4M | $26.6M |
| Cetera Investment Advisers | $9.3M | $55.7M |
| MML Investors Services, LLC | $1.6M | $36.8M |
| Wealth Enhancement Advisory Services, LLC | $1.3M | $36.4M |
| Osaic Holdings, Inc. | $2.2M | $34.2M |
| Creative Financial Designs Inc. | $105K | $33.3M |
| Great Valley Advisor Group, Inc. | $467K | $32.9M |
| Equitable Holdings, Inc. | $3.6M | $28.2M |
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: NULV institutional holders, GARP institutional holders.
Frequently asked questions
How much do NULV and GARP overlap?
8.7% by weight, with 8 holdings in common, using holdings for NULV as of July 31, 2026 and GARP as of June 30, 2026. The largest shared position is MSFT.
Do institutions hold both NULV and GARP?
56 Form 13F filers report positions in both, out of 399 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%.