RWL vs MOAT overlap
RWL and MOAT overlap 9.6% by weight, across 48 shared holdings.
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Top shared holdings
| Holding | RWL | MOAT | Overlap |
|---|---|---|---|
| Microsoft Corp.MSFT | 1.66% | 2.20% | 1.66% |
| Amazon.COM Inc.AMZN | 4.47% | 1.33% | 1.33% |
| Nvidia Corp.NVDA | 1.20% | 2.45% | 1.20% |
| META Platforms-aMETA | 0.95% | 1.17% | 0.95% |
| Walt Disney Co/TDIS | 0.47% | 1.19% | 0.47% |
| Broadcom Inc.AVGO | 0.44% | 2.43% | 0.44% |
| Pepsico Inc.PEP | 0.41% | 1.17% | 0.41% |
| Bristol-MYER SQBBMY | 0.23% | 2.43% | 0.23% |
| US BancorpUSB | 0.22% | 1.39% | 0.22% |
| Thermo FisherTMO | 0.22% | 1.18% | 0.22% |
| Mondelez Inter-aMDLZ | 0.21% | 2.34% | 0.21% |
| NIKE Inc. -CL BNKE | 0.19% | 2.02% | 0.19% |
| Applied MaterialAMAT | 0.18% | 2.34% | 0.18% |
| Northrop GrummanNOC | 0.16% | 1.15% | 0.16% |
| Schwab (Charles)SCHW | 0.13% | 2.45% | 0.13% |
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: RWL, SEC Form N-PORT, May 31, 2026; MOAT, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | RWL | MOAT |
|---|---|---|
| LPL Financial LLC | $848.1M | $543.3M |
| Morgan Stanley | $426.8M | $595.3M |
| Bank of America Corp. | $288.9M | $550.1M |
| Ameriprise Financial Inc. | $475.8M | $55.0M |
| Raymond James Financial Inc. | $120.4M | $242.6M |
| Wells Fargo & Company | $111.4M | $197.0M |
| Jones Financial Companies LLLP | $157.5M | $140.3M |
| Cetera Investment Advisers | $152.7M | $119.9M |
| Bank of New York Mellon Corp | $222.4M | $2.7M |
| Commonwealth Equity Services, LLC | $106.4M | $117.5M |
| Osaic Holdings, Inc. | $146.7M | $66.3M |
| Cambridge Investment Research Advisors, Inc. | $47.0M | $124.1M |
| UBS Group AG | $68.6M | $75.4M |
| Allworth Financial LP | $122.3M | $7.4M |
| Royal Bank of Canada | $18.2M | $87.7M |
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: RWL institutional holders, MOAT institutional holders.
Frequently asked questions
How much do RWL and MOAT overlap?
9.6% by weight, with 48 holdings in common, using holdings for RWL as of May 31, 2026 and MOAT as of June 30, 2026. The largest shared position is MSFT.
Do institutions hold both RWL and MOAT?
208 Form 13F filers report positions in both, out of 864 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%.