PWZ vs INCM overlap
31 institutions report holding both PWZ and INCM.
PWZINCM
Pick 2 to 4 ETFs.
We don’t have holdings for INCM. Most funds that aren’t in the SEC’s N-PORT data are unit trusts, grantor trusts or very new funds. The institutions tab may still have them.
31
institutions report holding both, of 220 holding any
PWZ11.8% of its 13F dollars, 23.9% of its 130 holders
INCM76.4% of its 13F dollars, 25.6% of its 121 holders
Largest institutions holding both
| Firm | PWZ | INCM |
|---|---|---|
| LPL Financial LLC | $16.7M | $181.6M |
| Wells Fargo & Company | $4.5M | $77.2M |
| Raymond James Financial Inc. | $1.8M | $73.1M |
| Bank of America Corp. | $29.8M | $41.9M |
| Morgan Stanley | $15.3M | $45.4M |
| Ameriprise Financial Inc. | $1.5M | $50.1M |
| Royal Bank of Canada | $448K | $50.8M |
| Larson Financial Group LLC | $65K | $31.0M |
| Cetera Investment Advisers | $1.1M | $20.9M |
| Osaic Holdings, Inc. | $630K | $18.4M |
| Jones Financial Companies LLLP | $3.0M | $8.9M |
| Equitable Holdings, Inc. | $637K | $9.3M |
| Commonwealth Equity Services, LLC | $1.5M | $8.2M |
| Stifel Financial Corp. | $443K | $9.2M |
| Cambridge Investment Research Advisors, Inc. | $2.0M | $7.6M |
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: PWZ institutional holders, INCM institutional holders.
Frequently asked questions
Do institutions hold both PWZ and INCM?
31 Form 13F filers report positions in both, out of 220 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%.