PWS vs FPWR overlap

PWS and FPWR overlap 0.8% by weight, across 5 shared holdings.

PWSFPWR

Pick 2 to 4 ETFs.

0.8%

overlap by weight, across 5 shared holdings

PWS0.8% of the fund is in shared holdings, of 334

FPWR4.5% of the fund is in shared holdings, of 57

Top shared holdings

Holding	PWS	FPWR	Overlap
Quanta ServicesPWR	0.36%	1.03%	0.36%
Cummins Inc.CMI	0.32%	0.71%	0.32%
Jacobs SolutionsJ	0.06%	0.81%	0.06%
Generac HoldingsGNRC	0.04%	1.03%	0.04%
First Solar Inc.FSLR	0.02%	0.86%	0.02%

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: PWS, SEC Form N-PORT, July 31, 2026; FPWR, SEC Form N-PORT, July 31, 2026.

institutions report holding both, of 37 holding any

PWS48.1% of its 13F dollars, 36.4% of its 11 holders

FPWR41.8% of its 13F dollars, 13.3% of its 30 holders

Largest institutions holding both

Firm	PWS	FPWR
LPL Financial LLC	$3.5M	$2.3M
Cetera Investment Advisers	$1.2M	$1.8M
Royal Bank of Canada	$610K	$468K
Morgan Stanley	$44	$64

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: PWS institutional holders, FPWR institutional holders.

Frequently asked questions

How much do PWS and FPWR overlap?

0.8% by weight, with 5 holdings in common, using holdings for PWS as of July 31, 2026 and FPWR as of July 31, 2026. The largest shared position is PWR.

Do institutions hold both PWS and FPWR?

4 Form 13F filers report positions in both, out of 37 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%.