RWR vs DFAR overlap
RWR and DFAR overlap 82.0% by weight, across 94 shared holdings.
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Top shared holdings
| Holding | RWR | DFAR | Overlap |
|---|---|---|---|
| Welltower Inc.WELL | 10.57% | 8.01% | 8.01% |
| Prologis Inc.PLD | 9.15% | 6.79% | 6.79% |
| Simon PropertySPG | 4.66% | 4.83% | 4.66% |
| Equinix Inc.EQIX | 4.45% | 5.09% | 4.45% |
| Realty IncomeO | 4.42% | 4.45% | 4.42% |
| Digital RealtyDLR | 4.40% | 4.59% | 4.40% |
| Public StoragePSA | 4.36% | 4.05% | 4.05% |
| Ventas Inc.VTR | 4.06% | 3.39% | 3.39% |
| Extra Space STOREXR | 2.88% | 2.32% | 2.32% |
| Avalonbay CommunAVB | 2.46% | 1.94% | 1.94% |
| Equity ResidentiEQR | 2.18% | 1.71% | 1.71% |
| Essex PropertyESS | 1.76% | 1.37% | 1.37% |
| Kimco RealtyKIM | 1.61% | 1.29% | 1.29% |
| HOST Hotels & REHST | 1.42% | 1.27% | 1.27% |
| Invitation HomesINVH | 1.55% | 1.22% | 1.22% |
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: RWR, SEC Form N-PORT, June 30, 2026; DFAR, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | RWR | DFAR |
|---|---|---|
| Northern Trust Corp. | $267.1M | $2.8M |
| Focus Partners Wealth | $793K | $88.1M |
| HighTower Advisors, LLC | $1.3M | $71.2M |
| LPL Financial LLC | $54.9M | $10.8M |
| Envestnet Asset Management Inc. | $38.4M | $4.6M |
| Morgan Stanley | $40.3M | $21K |
| Moisand Fitzgerald Tamayo, LLC | $423K | $38.1M |
| Savant Capital, LLC | $2.7M | $31.5M |
| JPMorgan Chase & Co | $33.9M | $251K |
| UBS Group AG | $31.1M | $52 |
| Beacon Pointe Advisors, LLC | $2.1M | $24.5M |
| Private Advisor Group, LLC | $16.0M | $6.7M |
| Northwestern Mutual Wealth Management Co | $14.7M | $6.1M |
| Phillips Financial Management, LLC | $1.3M | $17.2M |
| Raymond James Financial Inc. | $4.2M | $11.0M |
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: RWR institutional holders, DFAR institutional holders.
Frequently asked questions
How much do RWR and DFAR overlap?
82.0% by weight, with 94 holdings in common, using holdings for RWR as of June 30, 2026 and DFAR as of July 31, 2026. The largest shared position is WELL.
Do institutions hold both RWR and DFAR?
76 Form 13F filers report positions in both, out of 512 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%.