SHM vs CGHM overlap
SHM and CGHM overlap 0.5% by weight, across 19 shared holdings.
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Top shared holdings
| Holding | SHM | CGHM | Overlap |
|---|---|---|---|
| Black BELT Energy Gas | 0.09% | 0.08% | 0.08% |
| Main Street Natural Gas Inc. GA Gas Supply Revenue | 0.07% | 0.13% | 0.07% |
| San Antonio-a | 0.06% | 0.06% | 0.06% |
| S E Energy COOP DT | 0.12% | 0.05% | 0.05% |
| Rutherford HLTH-B-1 | 0.10% | 0.03% | 0.03% |
| Indiana St FIN AUTH POLL Control Revenue | 0.06% | 0.03% | 0.03% |
| E Co AWP JT PWRS-a-1EAWWTR | 0.32% | 0.03% | 0.03% |
| Columbus-Franklin Co | 0.03% | 0.08% | 0.03% |
| Main STR NAT GA 5% MTMAIUTL | 0.18% | 0.02% | 0.02% |
| Lancaster Port AUTH-a | 0.03% | 0.02% | 0.02% |
| Saint John the Baptist Parish la Revenue | 0.08% | 0.01% | 0.01% |
| S E Energy AUTH-a | 0.11% | 0.01% | 0.01% |
| Texas St MUNI Gas ACQTMGUTL | 0.21% | 0.01% | 0.01% |
| Patriots EN GRP 5.25% MT | 0.01% | 0.01% | 0.01% |
| KY PUB Energy -a-1 | 0.20% | 0.01% | 0.01% |
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: SHM, SEC Form N-PORT, June 30, 2026; CGHM, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | SHM | CGHM |
|---|---|---|
| Bank of America Corp. | $1.0B | $4.0M |
| Envestnet Asset Management Inc. | $114.6M | $343.8M |
| Goldman Sachs Group Inc. | $259.2M | $233K |
| LPL Financial LLC | $56.1M | $156.3M |
| Northwestern Mutual Wealth Management Co | $150.8M | $22.8M |
| Wells Fargo & Company | $167.8M | $5.5M |
| Cambridge Investment Research Advisors, Inc. | $3.2M | $104.7M |
| Morgan Stanley | $94.5M | $52K |
| Cetera Investment Advisers | $9.9M | $74.1M |
| CX Institutional | $53.8M | $9K |
| Commonwealth Equity Services, LLC | $31.1M | $21.9M |
| Raymond James Financial Inc. | $13.4M | $31.1M |
| Royal Bank of Canada | $5.7M | $36.3M |
| MML Investors Services, LLC | $5.6M | $36.0M |
| Assetmark, Inc. | $4.5M | $34.5M |
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: SHM institutional holders, CGHM institutional holders.
Frequently asked questions
How much do SHM and CGHM overlap?
0.5% by weight, with 19 holdings in common, using holdings for SHM as of June 30, 2026 and CGHM as of June 30, 2026. The largest shared position is BLACK BELT ENERGY GAS.
Do institutions hold both SHM and CGHM?
87 Form 13F filers report positions in both, out of 502 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%.