PPA vs IDEF overlap
132 institutions report holding both PPA and IDEF.
PPAIDEF
Pick 2 to 4 ETFs.
We don’t have holdings for IDEF. 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.
132
institutions report holding both, of 722 holding any
PPA42.0% of its 13F dollars, 22.9% of its 577 holders
IDEF86.8% of its 13F dollars, 47.6% of its 277 holders
Largest institutions holding both
| Firm | PPA | IDEF |
|---|---|---|
| Envestnet Asset Management Inc. | $42.6M | $1.7B |
| LPL Financial LLC | $346.3M | $529.8M |
| Morgan Stanley | $394.9M | $192.6M |
| MML Investors Services, LLC | $34.1M | $141.0M |
| Cetera Investment Advisers | $65.1M | $104.3M |
| Park Avenue Securities LLC | $5.3M | $152.2M |
| Wells Fargo & Company | $132.5M | $31K |
| Raymond James Financial Inc. | $105.0M | $8.6M |
| Janney Montgomery Scott LLC | $24.7M | $85.0M |
| Cambridge Investment Research Advisors, Inc. | $58.6M | $45.4M |
| JPMorgan Chase & Co | $10.7M | $84.9M |
| HighTower Advisors, LLC | $84.8M | $2.8M |
| Commonwealth Equity Services, LLC | $37.2M | $48.7M |
| Bank of New York Mellon Corp | $341K | $78.7M |
| Foundations Investment Advisors, LLC | $301K | $67.1M |
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: PPA institutional holders, IDEF institutional holders.
Frequently asked questions
Do institutions hold both PPA and IDEF?
132 Form 13F filers report positions in both, out of 722 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%.