PWB vs DFSU overlap
PWB and DFSU overlap 25.1% by weight, across 43 shared holdings.
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Top shared holdings
| Holding | PWB | DFSU | Overlap |
|---|---|---|---|
| Apple Inc.AAPL | 3.43% | 6.31% | 3.43% |
| Amazon.COM Inc.AMZN | 3.50% | 3.32% | 3.32% |
| Nvidia Corp.NVDA | 3.20% | 6.46% | 3.20% |
| META Platforms-aMETA | 3.11% | 3.09% | 3.09% |
| Alphabet Inc.-aGOOGL | 3.14% | 2.40% | 2.40% |
| Broadcom Inc.AVGO | 3.16% | 2.27% | 2.27% |
| VISA Inc.-Class aV | 3.84% | 0.88% | 0.88% |
| Mastercard Inc.-aMA | 3.98% | 0.71% | 0.71% |
| Caterpillar Inc.CAT | 3.07% | 0.50% | 0.50% |
| ADV Micro DeviceAMD | 3.24% | 0.49% | 0.49% |
| Applied MaterialAMAT | 3.82% | 0.45% | 0.45% |
| LAM ResearchLRCX | 3.11% | 0.39% | 0.39% |
| KLA Corp.KLAC | 1.33% | 0.35% | 0.35% |
| TJX COS Inc.TJX | 1.45% | 0.30% | 0.30% |
| Monster BeverageMNST | 1.62% | 0.27% | 0.27% |
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: PWB, SEC Form N-PORT, July 31, 2026; DFSU, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | PWB | DFSU |
|---|---|---|
| LPL Financial LLC | $323.0M | $8.6M |
| Morgan Stanley | $154.2M | $135K |
| Raymond James Financial Inc. | $123.1M | $4.5M |
| Cambridge Investment Research Advisors, Inc. | $102.8M | $1.4M |
| Focus Partners Wealth | $423K | $100.7M |
| Pathstone Holdings, LLC | $7.7M | $70.3M |
| Osaic Holdings, Inc. | $39.0M | $3.1M |
| Commonwealth Equity Services, LLC | $23.6M | $4.7M |
| UBS Group AG | $27.9M | $25K |
| Royal Bank of Canada | $22.8M | $2.2M |
| Private Advisor Group, LLC | $20.8M | $2.2M |
| Mercer Global Advisors Inc. | $609K | $21.5M |
| Wealth Enhancement Advisory Services, LLC | $851K | $19.7M |
| Kestra Advisory Services, LLC | $19.4M | $512K |
| Envestnet Asset Management Inc. | $18.8M | $682K |
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: PWB institutional holders, DFSU institutional holders.
Frequently asked questions
How much do PWB and DFSU overlap?
25.1% by weight, with 43 holdings in common, using holdings for PWB as of July 31, 2026 and DFSU as of July 31, 2026. The largest shared position is AAPL.
Do institutions hold both PWB and DFSU?
41 Form 13F filers report positions in both, out of 482 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%.