PBW vs NUKZ overlap
PBW and NUKZ overlap 1.3% by weight, across 1 shared holdings.
Pick 2 to 4 ETFs.
These funds report on different dates (PBW: July 31, 2026, NUKZ: May 31, 2026), so market moves and index changes between those dates lower the number. Funds tracking the same index can read well below their true overlap.
Top shared holdings
| Holding | PBW | NUKZ | Overlap |
|---|---|---|---|
| Ameresco Inc.-aAMRC | 1.27% | 1.30% | 1.27% |
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: PBW, SEC Form N-PORT, July 31, 2026; NUKZ, SEC Form N-PORT, May 31, 2026.
Largest institutions holding both
| Firm | PBW | NUKZ |
|---|---|---|
| Morgan Stanley | $54.9M | $279K |
| Qube Research & Technologies Ltd | $11.2M | $267K |
| Raymond James Financial Inc. | $5.9M | $2.4M |
| Cetera Investment Advisers | $722K | $7.3M |
| Osaic Holdings, Inc. | $2.4M | $4.9M |
| Truist Financial Corp. | $4.9M | $1.4M |
| D. E. Shaw & Co., Inc. | $5.9M | $292K |
| Cambridge Investment Research Advisors, Inc. | $590K | $5.5M |
| Commonwealth Equity Services, LLC | $1.7M | $4.0M |
| HighTower Advisors, LLC | $246K | $5.5M |
| Stifel Financial Corp. | $3.2M | $2.2M |
| Jane Street Group, LLC | $794K | $4.4M |
| LPL Financial LLC | $4.2M | $967K |
| GTS Securities LLC | $2.2M | $2.2M |
| Wells Fargo & Company | $4.1M | $24K |
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: PBW institutional holders, NUKZ institutional holders.
Frequently asked questions
How much do PBW and NUKZ overlap?
1.3% by weight, with 1 holdings in common, using holdings for PBW as of July 31, 2026 and NUKZ as of May 31, 2026. The largest shared position is AMRC.
Do institutions hold both PBW and NUKZ?
55 Form 13F filers report positions in both, out of 283 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%.