PBAP vs NOVP overlap
8 institutions report holding both PBAP and NOVP.
PBAPNOVP
Pick 2 to 4 ETFs.
We don’t have holdings for PBAP, NOVP. Most funds that aren’t in the SEC’s N-PORT data are unit trusts, grantor trusts or very new funds. The institutions tab may still have them.
8
institutions report holding both, of 21 holding any
PBAP64.2% of its 13F dollars, 53.3% of its 15 holders
NOVP74.1% of its 13F dollars, 57.1% of its 14 holders
Largest institutions holding both
| Firm | PBAP | NOVP |
|---|---|---|
| Prudential Financial Inc. | $15.2M | $17.6M |
| Commonwealth Equity Services, LLC | $833K | $1.2M |
| Kestra Advisory Services, LLC | $641K | $664K |
| Spire Wealth Management | $993K | $45K |
| Royal Bank of Canada | $55K | $495K |
| Steward Partners Investment Advisory, LLC | $53K | $418K |
| DHJJ Financial Advisors, Ltd. | $280K | $59K |
| PNC Financial Services Group, Inc. | $18K | $26K |
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: PBAP institutional holders, NOVP institutional holders.
Frequently asked questions
Do institutions hold both PBAP and NOVP?
8 Form 13F filers report positions in both, out of 21 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%.