PWB vs NULV overlap
PWB and NULV overlap 7.2% by weight, across 5 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | PWB | NULV | Overlap |
|---|---|---|---|
| META Platforms-aMETA | 3.11% | 3.55% | 3.11% |
| Parker HannifinPH | 1.65% | 1.55% | 1.55% |
| Analog DevicesADI | 1.28% | 1.41% | 1.28% |
| Johnson ControlsJCI | 1.53% | 0.70% | 0.70% |
| Keysight TECKEYS | 1.32% | 0.59% | 0.59% |
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; NULV, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | PWB | NULV |
|---|---|---|
| Bank of America Corp. | $97.8M | $590.1M |
| LPL Financial LLC | $323.0M | $96.3M |
| Morgan Stanley | $154.2M | $64.7M |
| Cambridge Investment Research Advisors, Inc. | $102.8M | $45.3M |
| Raymond James Financial Inc. | $123.1M | $12.3M |
| JPMorgan Chase & Co | $1.4M | $111.2M |
| Commonwealth Equity Services, LLC | $23.6M | $60.4M |
| Envestnet Asset Management Inc. | $18.8M | $55.0M |
| Ameriprise Financial Inc. | $56.2M | $10.7M |
| UBS Group AG | $27.9M | $26.6M |
| Osaic Holdings, Inc. | $39.0M | $2.2M |
| Mercer Global Advisors Inc. | $609K | $28.8M |
| Royal Bank of Canada | $22.8M | $6.3M |
| Beacon Pointe Advisors, LLC | $2.6M | $26.3M |
| Wells Fargo & Company | $24.1M | $4.3M |
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, NULV institutional holders.
Frequently asked questions
How much do PWB and NULV overlap?
7.2% by weight, with 5 holdings in common, using holdings for PWB as of July 31, 2026 and NULV as of July 31, 2026. The largest shared position is META.
Do institutions hold both PWB and NULV?
87 Form 13F filers report positions in both, out of 437 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%.