PSP vs AFDM overlap
PSP and AFDM overlap 0.7% by weight, across 1 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | PSP | AFDM | Overlap |
|---|---|---|---|
| 3I Group PLCIII | 6.24% | 0.74% | 0.74% |
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: PSP, SEC Form N-PORT, July 31, 2026; AFDM, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | PSP | AFDM |
|---|---|---|
| Morgan Stanley | $19.5M | $31.5M |
| Envestnet Asset Management Inc. | $3.0M | $14.9M |
| Cetera Investment Advisers | $202K | $17.7M |
| LPL Financial LLC | $7.2M | $1.6M |
| Wells Fargo & Company | $8.5M | $54 |
| Jane Street Group, LLC | $3.2M | $2.0M |
| UBS Group AG | $1.5M | $3.6M |
| Royal Bank of Canada | $911K | $4.2M |
| Raymond James Financial Inc. | $2.0M | $1.1M |
| Citadel Advisors LLC | $2.7M | $308K |
| Osaic Holdings, Inc. | $1.2M | $279K |
| Arax Advisory Partners | $973K | $11K |
| Compass Financial Management LLC | $17K | $197K |
| Harbour Investments, Inc. | $2K | $82K |
| NewEdge Advisors, LLC | $42K | $20K |
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: PSP institutional holders, AFDM institutional holders.
Frequently asked questions
How much do PSP and AFDM overlap?
0.7% by weight, with 1 holdings in common, using holdings for PSP as of July 31, 2026 and AFDM as of July 31, 2026. The largest shared position is III.
Do institutions hold both PSP and AFDM?
19 Form 13F filers report positions in both, out of 127 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%.