PAPI vs MUU overlap
PAPI and MUU 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: PAPI, SEC Form N-PORT, June 30, 2026; MUU, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | PAPI | MUU |
|---|---|---|
| Morgan Stanley | $231.5M | $3.9M |
| Susquehanna International Group, LLP | $706K | $35.7M |
| UBS Group AG | $57K | $10.6M |
| Flagstar Securities, Inc. | $566K | $5.2M |
| Osaic Holdings, Inc. | $2.7M | $283K |
| Mariner, LLC | $309K | $235K |
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: PAPI institutional holders, MUU institutional holders.
Frequently asked questions
How much do PAPI and MUU overlap?
0.0% by weight, with 0 holdings in common, using holdings for PAPI as of June 30, 2026 and MUU as of July 31, 2026.
Do institutions hold both PAPI and MUU?
6 Form 13F filers report positions in both, out of 76 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%.