PTRB vs NBSD overlap
PTRB and NBSD overlap 1.7% by weight, across 53 shared holdings.
Pick 2 to 4 ETFs.
These funds report on different dates (PTRB: May 29, 2026, NBSD: July 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
| Holding | PTRB | NBSD | Overlap |
|---|---|---|---|
| GreenSky Home Improvement Issuer Trust 2026-REV1 | 0.18% | 0.21% | 0.18% |
| OBX 2026-NQM5 A1 | 0.11% | 0.12% | 0.11% |
| J.P. Morgan Mortgage Trust, Series 2026-NQM3, Class A1 | 0.09% | 0.22% | 0.09% |
| Meridian ARC HOLMERIDI | 0.12% | 0.08% | 0.08% |
| Morgan Stanley Residential Mortgage Loan Trust 2025-NQM10MSRM | 0.07% | 0.08% | 0.07% |
| SV RNO PropertyTRACTC | 0.08% | 0.06% | 0.06% |
| FN Ma4807 | 0.26% | 0.06% | 0.06% |
| Stacr 2025-DNA1 M2 | 0.06% | 0.15% | 0.06% |
| FN Ma5736 | 0.06% | 0.08% | 0.06% |
| Olympus WTR HLDG | 0.08% | 0.06% | 0.06% |
| PR RNO PropertyTRACTD | 0.12% | 0.05% | 0.05% |
| OBX Trust, Series 2025-HE1, Class A1 | 0.06% | 0.05% | 0.05% |
| Midwest GMNG BORMWGAME | 0.05% | 0.05% | 0.05% |
| Vbtel 2026-1A C2VBTEL | 0.05% | 0.12% | 0.05% |
| FR Sd8493 | 0.05% | 0.08% | 0.05% |
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: PTRB, SEC Form N-PORT, May 29, 2026; NBSD, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | PTRB | NBSD |
|---|---|---|
| Morgan Stanley | $32K | $262.4M |
| Raymond James Financial Inc. | $62.9M | $98.7M |
| LPL Financial LLC | $23.1M | $103.9M |
| Envestnet Asset Management Inc. | $56.7M | $636K |
| Integrated Wealth Concepts LLC | $7.9M | $35.3M |
| Cetera Investment Advisers | $38.9M | $646K |
| Commonwealth Equity Services, LLC | $27.8M | $7.3M |
| Jones Financial Companies LLLP | $20.0M | $6.4M |
| Osaic Holdings, Inc. | $11.3M | $12.8M |
| HighTower Advisors, LLC | $21.3M | $2.6M |
| Wealth Enhancement Advisory Services, LLC | $504K | $15.1M |
| Cambridge Investment Research Advisors, Inc. | $484K | $10.5M |
| Jane Street Group, LLC | $458K | $9.4M |
| Stifel Financial Corp. | $7.9M | $1.9M |
| MGO One Seven LLC | $7.4M | $427K |
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: PTRB institutional holders, NBSD institutional holders.
Frequently asked questions
How much do PTRB and NBSD overlap?
1.7% by weight, with 53 holdings in common, using holdings for PTRB as of May 29, 2026 and NBSD as of July 31, 2026. The largest shared position is GreenSky Home Improvement Issuer Trust 2026-REV1.
Do institutions hold both PTRB and NBSD?
27 Form 13F filers report positions in both, out of 131 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%.