SEPM vs NOVM overlap
15 institutions report holding both SEPM and NOVM.
SEPMNOVM
Pick 2 to 4 ETFs.
We don’t have holdings for SEPM, NOVM. 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.
15
institutions report holding both, of 47 holding any
SEPM55.5% of its 13F dollars, 48.4% of its 31 holders
NOVM60.9% of its 13F dollars, 48.4% of its 31 holders
Largest institutions holding both
| Firm | SEPM | NOVM |
|---|---|---|
| Park Avenue Securities LLC | $1.7M | $1.8M |
| Cetera Investment Advisers | $1.0M | $1.7M |
| Commonwealth Equity Services, LLC | $1.5M | $943K |
| Susquehanna International Group, LLP | $553K | $1.2M |
| Old Mission Capital LLC | $1.2M | $404K |
| Envestnet Asset Management Inc. | $245K | $825K |
| Waverly Advisors, LLC | $382K | $638K |
| Kestra Advisory Services, LLC | $661K | $292K |
| AE Wealth Management LLC | $422K | $380K |
| Gallagher Fiduciary Advisors, LLC | $240K | $535K |
| Truist Financial Corp. | $211K | $470K |
| Harbour Investments, Inc. | $387K | $41K |
| Buck Wealth Strategies, LLC | $117K | $242K |
| Osaic Holdings, Inc. | $252K | $31K |
| Capital Analysts, LLC | $102K | $50K |
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: SEPM institutional holders, NOVM institutional holders.
Frequently asked questions
Do institutions hold both SEPM and NOVM?
15 Form 13F filers report positions in both, out of 47 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%.