PWB vs FLQL overlap
PWB and FLQL overlap 34.5% by weight, across 30 shared holdings.
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Top shared holdings
| Holding | PWB | FLQL | Overlap |
|---|---|---|---|
| Apple Inc.AAPL | 3.43% | 6.88% | 3.43% |
| Nvidia Corp.NVDA | 3.20% | 6.72% | 3.20% |
| Alphabet Inc.-aGOOGL | 3.14% | 3.77% | 3.14% |
| Amazon.COM Inc.AMZN | 3.50% | 3.07% | 3.07% |
| Broadcom Inc.AVGO | 3.16% | 2.47% | 2.47% |
| Applied MaterialAMAT | 3.82% | 2.25% | 2.25% |
| LAM ResearchLRCX | 3.11% | 1.98% | 1.98% |
| META Platforms-aMETA | 3.11% | 1.81% | 1.81% |
| Caterpillar Inc.CAT | 3.07% | 1.77% | 1.77% |
| KLA Corp.KLAC | 1.33% | 1.98% | 1.33% |
| Arista NetworksANET | 1.67% | 1.04% | 1.04% |
| Corning Inc.GLW | 1.03% | 1.33% | 1.03% |
| Micron TechMU | 3.14% | 0.87% | 0.87% |
| Texas InstrumentTXN | 1.25% | 0.85% | 0.85% |
| Analog DevicesADI | 1.28% | 0.79% | 0.79% |
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; FLQL, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | PWB | FLQL |
|---|---|---|
| LPL Financial LLC | $323.0M | $68.7M |
| Bank of America Corp. | $97.8M | $141.5M |
| Morgan Stanley | $154.2M | $45.3M |
| Raymond James Financial Inc. | $123.1M | $36.4M |
| Cambridge Investment Research Advisors, Inc. | $102.8M | $12.9M |
| Steward Partners Investment Advisory, LLC | $1.4M | $93.2M |
| Ameriprise Financial Inc. | $56.2M | $15.7M |
| Cetera Investment Advisers | $13.1M | $47.6M |
| Arkadios Wealth Advisors | $329K | $60.1M |
| Wells Fargo & Company | $24.1M | $21.6M |
| Osaic Holdings, Inc. | $39.0M | $6.0M |
| Janney Montgomery Scott LLC | $4.1M | $35.9M |
| Jones Financial Companies LLLP | $17.6M | $20.7M |
| JPMorgan Chase & Co | $1.4M | $35.5M |
| UBS Group AG | $27.9M | $7.3M |
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: PWB institutional holders, FLQL institutional holders.
Frequently asked questions
How much do PWB and FLQL overlap?
34.5% by weight, with 30 holdings in common, using holdings for PWB as of July 31, 2026 and FLQL as of June 30, 2026. The largest shared position is AAPL.
Do institutions hold both PWB and FLQL?
53 Form 13F filers report positions in both, out of 291 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%.