SHAG vs NPFI overlap

SHAG and NPFI overlap 0.0% by weight, across 1 shared holdings.

SHAGNPFI

Pick 2 to 4 ETFs.

0.0%

overlap by weight, across 1 shared holdings

SHAG0.0% of the fund is in shared holdings, of 1,186

NPFI0.5% of the fund is in shared holdings, of 162

These funds report on different dates (SHAG: May 31, 2026, NPFI: July 31, 2026), so market moves and index changes between those dates lower the number. Funds tracking the same index can read well below their true overlap.

Top shared holdings

Holding	SHAG	NPFI	Overlap
Entergy Corp.ETR	0.02%	0.49%	0.02%

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: SHAG, SEC Form N-PORT, May 31, 2026; NPFI, SEC Form N-PORT, July 31, 2026.

institutions report holding both, of 48 holding any

SHAG17.4% of its 13F dollars, 10.0% of its 30 holders

NPFI18.9% of its 13F dollars, 14.3% of its 21 holders

Largest institutions holding both

Firm	SHAG	NPFI
LPL Financial LLC	$3.6M	$1.9M
Integrated Wealth Concepts LLC	$13K	$3.8M
Jane Street Group, LLC	$2.6M	$1.2M

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: SHAG institutional holders, NPFI institutional holders.

Frequently asked questions

How much do SHAG and NPFI overlap?

0.0% by weight, with 1 holdings in common, using holdings for SHAG as of May 31, 2026 and NPFI as of July 31, 2026. The largest shared position is ETR.

Do institutions hold both SHAG and NPFI?

3 Form 13F filers report positions in both, out of 48 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%.