PBP vs PAPI overlap
PBP and PAPI overlap 17.4% by weight, across 117 shared holdings.
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Top shared holdings
| Holding | PBP | PAPI | Overlap |
|---|---|---|---|
| Cisco SystemsCSCO | 0.72% | 0.76% | 0.72% |
| Abbvie Inc.ABBV | 0.70% | 0.64% | 0.64% |
| Alphabet Inc.-aGOOGL | 3.28% | 0.59% | 0.59% |
| Johnson&JohnsonJNJ | 0.97% | 0.56% | 0.56% |
| Coca-Cola Co/theKO | 0.53% | 0.56% | 0.53% |
| Home Depot Inc.HD | 0.52% | 0.54% | 0.52% |
| Merck & CoMRK | 0.51% | 0.59% | 0.51% |
| Procter & GamblePG | 0.53% | 0.49% | 0.49% |
| Costco WholesaleCOST | 0.66% | 0.48% | 0.48% |
| Exxon Mobil Corp.XOM | 1.01% | 0.46% | 0.46% |
| RTX Corp.RTX | 0.46% | 0.51% | 0.46% |
| Chevron Corp.CVX | 0.58% | 0.45% | 0.45% |
| Texas InstrumentTXN | 0.39% | 0.70% | 0.39% |
| Microsoft Corp.MSFT | 5.43% | 0.39% | 0.39% |
| Linde PLCLIN | 0.35% | 0.54% | 0.35% |
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: PBP, SEC Form N-PORT, July 31, 2026; PAPI, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | PBP | PAPI |
|---|---|---|
| Morgan Stanley | $18.9M | $231.5M |
| LPL Financial LLC | $5.0M | $10.4M |
| Envestnet Asset Management Inc. | $2.8M | $471K |
| Osaic Holdings, Inc. | $43K | $2.7M |
| Susquehanna International Group, LLP | $1.6M | $706K |
| Stifel Financial Corp. | $480K | $1.8M |
| Raymond James Financial Inc. | $1.5M | $269K |
| Royal Bank of Canada | $954K | $110K |
| Commonwealth Equity Services, LLC | $536K | $359K |
| Fifth Third Bancorp | $3K | $782K |
| Harbour Investments, Inc. | $15K | $12K |
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: PBP institutional holders, PAPI institutional holders.
Frequently asked questions
How much do PBP and PAPI overlap?
17.4% by weight, with 117 holdings in common, using holdings for PBP as of July 31, 2026 and PAPI as of June 30, 2026. The largest shared position is CSCO.
Do institutions hold both PBP and PAPI?
11 Form 13F filers report positions in both, out of 82 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%.