PFRL vs PBDC overlap
10 institutions report holding both PFRL and PBDC.
PFRLPBDC
Pick 2 to 4 ETFs.
We don’t have holdings for PBDC. 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.
10
institutions report holding both, of 86 holding any
PFRL37.1% of its 13F dollars, 31.3% of its 32 holders
PBDC15.8% of its 13F dollars, 15.6% of its 64 holders
Largest institutions holding both
| Firm | PFRL | PBDC |
|---|---|---|
| Raymond James Financial Inc. | $22.5M | $385K |
| Cetera Investment Advisers | $1.4M | $6.4M |
| Envestnet Asset Management Inc. | $348K | $4.1M |
| Osaic Holdings, Inc. | $3.8M | $322K |
| Wealthcare Advisory Partners LLC | $742K | $493K |
| MML Investors Services, LLC | $209K | $259K |
| Clearstead Advisors, LLC | $220K | $246K |
| Royal Bank of Canada | $59K | $7K |
| Morgan Stanley | $7K | $10K |
| Strategic Wealth Partners, Ltd. | $5K | $1K |
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: PFRL institutional holders, PBDC institutional holders.
Frequently asked questions
Do institutions hold both PFRL and PBDC?
10 Form 13F filers report positions in both, out of 86 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%.