PIEL vs BCGS overlap

PIEL and BCGS overlap 5.2% by weight, across 3 shared holdings.

PIELBCGS

Pick 2 to 4 ETFs.

5.2%

overlap by weight, across 3 shared holdings

PIEL7.5% of the fund is in shared holdings, of 100

BCGS6.5% of the fund is in shared holdings, of 54

These funds report on different dates (PIEL: July 31, 2026, BCGS: 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	PIEL	BCGS	Overlap
SK Hynix Inc.000660	4.54%	2.53%	2.53%
Rolls-Royce HOLDRR/	2.28%	1.94%	1.94%
UCB SAUCB	0.67%	1.98%	0.67%

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: PIEL, SEC Form N-PORT, July 31, 2026; BCGS, SEC Form N-PORT, May 31, 2026.

institutions report holding both, of 1 holding any

PIEL100.0% of its 13F dollars, 100.0% of its 1 holders

BCGS100.0% of its 13F dollars, 100.0% of its 1 holders

Largest institutions holding both

Firm	PIEL	BCGS
Jane Street Group, LLC	$275K	$291K

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: PIEL institutional holders, BCGS institutional holders.

Frequently asked questions

How much do PIEL and BCGS overlap?

5.2% by weight, with 3 holdings in common, using holdings for PIEL as of July 31, 2026 and BCGS as of May 31, 2026. The largest shared position is 000660.

Do institutions hold both PIEL and BCGS?

1 Form 13F filers report positions in both, out of 1 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%.