PBDC vs FTCA overlap
17 institutions report holding both PBDC and FTCA.
PBDCFTCA
Pick 2 to 4 ETFs.
We don’t have holdings for PBDC, FTCA. 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.
17
institutions report holding both, of 132 holding any
PBDC21.4% of its 13F dollars, 26.6% of its 64 holders
FTCA48.8% of its 13F dollars, 20.0% of its 85 holders
Largest institutions holding both
| Firm | PBDC | FTCA |
|---|---|---|
| LPL Financial LLC | $2.5M | $12.4M |
| Commonwealth Equity Services, LLC | $596K | $8.9M |
| Cetera Investment Advisers | $6.4M | $871K |
| Morgan Stanley | $10K | $7.2M |
| Envestnet Asset Management Inc. | $4.1M | $246K |
| Raymond James Financial Inc. | $385K | $1.6M |
| UBS Group AG | $366K | $1.2M |
| Osaic Holdings, Inc. | $322K | $997K |
| Integrated Wealth Concepts LLC | $22K | $1.2M |
| Cambridge Investment Research Advisors, Inc. | $600K | $574K |
| Royal Bank of Canada | $7K | $1.1M |
| Allworth Financial LP | $269K | $434K |
| Independent Financial Group, LLC | $327K | $203K |
| J.W. Cole Advisors, Inc. | $314K | $105K |
| Citadel Advisors LLC | $205K | $115K |
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: PBDC institutional holders, FTCA institutional holders.
Frequently asked questions
Do institutions hold both PBDC and FTCA?
17 Form 13F filers report positions in both, out of 132 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%.