PJP vs PBE overlap
PJP and PBE overlap 20.5% by weight, across 6 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | PJP | PBE | Overlap |
|---|---|---|---|
| Amgen Inc.AMGN | 5.33% | 5.22% | 5.22% |
| Gilead SciencesGILD | 4.53% | 4.43% | 4.43% |
| Regeneron PharmREGN | 3.14% | 5.47% | 3.14% |
| Biogen Inc.BIIB | 2.75% | 4.79% | 2.75% |
| Collegium PharmaCOLL | 2.74% | 2.60% | 2.60% |
| United TherapeutUTHR | 2.34% | 4.08% | 2.34% |
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: PJP, SEC Form N-PORT, July 31, 2026; PBE, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | PJP | PBE |
|---|---|---|
| Morgan Stanley | $12.1M | $13.3M |
| LPL Financial LLC | $5.9M | $8.3M |
| UBS Group AG | $5.1M | $6.1M |
| United Capital Financial Advisors, LLC | $338K | $9.4M |
| Bank of America Corp. | $3.6M | $5.1M |
| Royal Bank of Canada | $2.0M | $4.5M |
| Wells Fargo & Company | $3.0M | $3.5M |
| Envestnet Asset Management Inc. | $4.4M | $2.0M |
| MML Investors Services, LLC | $4.6M | $227K |
| Raymond James Financial Inc. | $2.7M | $905K |
| Cetera Investment Advisers | $1.0M | $2.3M |
| Institute for Wealth Management, LLC. | $1.4M | $1.8M |
| Rockefeller Capital Management L.P. | $1.8M | $957K |
| Commonwealth Equity Services, LLC | $981K | $1.2M |
| Osaic Holdings, Inc. | $1.1M | $864K |
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: PJP institutional holders, PBE institutional holders.
Frequently asked questions
How much do PJP and PBE overlap?
20.5% by weight, with 6 holdings in common, using holdings for PJP as of July 31, 2026 and PBE as of July 31, 2026. The largest shared position is AMGN.
Do institutions hold both PJP and PBE?
44 Form 13F filers report positions in both, out of 178 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%.