SECT vs DBMF overlap
56 institutions report holding both SECT and DBMF.
SECTDBMF
Pick 2 to 4 ETFs.
We don’t have holdings for DBMF. 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.
56
institutions report holding both, of 399 holding any
SECT89.9% of its 13F dollars, 44.1% of its 127 holders
DBMF56.7% of its 13F dollars, 17.1% of its 328 holders
Largest institutions holding both
| Firm | SECT | DBMF |
|---|---|---|
| Orion Porfolio Solutions, LLC | $1.3B | $451K |
| LPL Financial LLC | $409.9M | $650.9M |
| Osaic Holdings, Inc. | $446.3M | $2.9M |
| JPMorgan Chase & Co | $248K | $369.3M |
| Morgan Stanley | $316K | $302.3M |
| Envestnet Asset Management Inc. | $100.1M | $23.1M |
| Raymond James Financial Inc. | $526K | $79.0M |
| CreativeOne Wealth, LLC | $46.7M | $340K |
| Cetera Investment Advisers | $25.0M | $21.1M |
| GeoWealth Management, LLC | $44.2M | $319K |
| Royal Bank of Canada | $307K | $32.2M |
| Farther Finance Advisors, LLC | $547K | $29.2M |
| Cambridge Investment Research Advisors, Inc. | $11.3M | $12.9M |
| Commonwealth Equity Services, LLC | $1.7M | $20.8M |
| Mutual Advisors, LLC | $17.8M | $485K |
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: SECT institutional holders, DBMF institutional holders.
Frequently asked questions
Do institutions hold both SECT and DBMF?
56 Form 13F filers report positions in both, out of 399 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%.