PPA vs KBWB overlap
PPA and KBWB overlap 0.0% by weight, across 0 shared holdings.
Pick 2 to 4 ETFs.
These funds report on different dates (PPA: July 31, 2026, KBWB: 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
These funds hold nothing in common.
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: PPA, SEC Form N-PORT, July 31, 2026; KBWB, SEC Form N-PORT, May 31, 2026.
Largest institutions holding both
| Firm | PPA | KBWB |
|---|---|---|
| Bank of America Corp. | $1.4B | $964.3M |
| JPMorgan Chase & Co | $10.7M | $1.1B |
| Morgan Stanley | $394.9M | $169.2M |
| LPL Financial LLC | $346.3M | $56.8M |
| Goldman Sachs Group Inc. | $14.7M | $279.9M |
| Wells Fargo & Company | $132.5M | $69.3M |
| UBS Group AG | $141.1M | $50.1M |
| Raymond James Financial Inc. | $105.0M | $23.3M |
| Ameriprise Financial Inc. | $115.8M | $6.8M |
| Osaic Holdings, Inc. | $50.3M | $67.6M |
| Summit Trail Advisors, LLC | $58.3M | $50.2M |
| Meitav Investment House Ltd. | $45.4M | $45.7M |
| HighTower Advisors, LLC | $84.8M | $2.7M |
| Cetera Investment Advisers | $65.1M | $12.9M |
| Annex Advisory Services, LLC | $303K | $70.3M |
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, KBWB institutional holders.
Frequently asked questions
How much do PPA and KBWB overlap?
0.0% by weight, with 0 holdings in common, using holdings for PPA as of July 31, 2026 and KBWB as of May 31, 2026.
Do institutions hold both PPA and KBWB?
180 Form 13F filers report positions in both, out of 736 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%.