PSL vs IPAY overlap
19 institutions report holding both PSL and IPAY.
PSLIPAY
Pick 2 to 4 ETFs.
We don’t have holdings for IPAY. 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.
19
institutions report holding both, of 107 holding any
PSL54.1% of its 13F dollars, 32.2% of its 59 holders
IPAY28.1% of its 13F dollars, 28.4% of its 67 holders
Largest institutions holding both
| Firm | PSL | IPAY |
|---|---|---|
| LPL Financial LLC | $4.0M | $1.9M |
| Morgan Stanley | $4.8M | $161K |
| Susquehanna International Group, LLP | $1.6M | $2.0M |
| Commonwealth Equity Services, LLC | $2.6M | $619K |
| Cetera Investment Advisers | $2.3M | $638K |
| Cambridge Investment Research Advisors, Inc. | $1.8M | $548K |
| Royal Bank of Canada | $249K | $1.8M |
| Osaic Holdings, Inc. | $326K | $738K |
| Wells Fargo & Company | $1.0M | $39 |
| Flow Traders U.S. LLC | $213K | $702K |
| Raymond James Financial Inc. | $226K | $499K |
| Blair William & Co | $4K | $282K |
| Steward Partners Investment Advisory, LLC | $179K | $39K |
| FMR LLC | $143K | $1K |
| Citigroup Inc. | $2K | $129K |
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: PSL institutional holders, IPAY institutional holders.
Frequently asked questions
Do institutions hold both PSL and IPAY?
19 Form 13F filers report positions in both, out of 107 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%.