SMBS vs BOND overlap
SMBS and BOND overlap 0.7% by weight, across 19 shared holdings.
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Top shared holdings
| Holding | SMBS | BOND | Overlap |
|---|---|---|---|
| FR Sd8367 | 0.12% | 0.73% | 0.12% |
| FN Ma5272 | 0.09% | 0.32% | 0.09% |
| FN Ma5191 | 0.07% | 0.25% | 0.07% |
| FR Sd8420 | 0.07% | 0.40% | 0.07% |
| FR Sd8384 | 0.12% | 0.06% | 0.06% |
| FR Sd8366 | 0.05% | 1.76% | 0.05% |
| FN Ma5388 | 0.04% | 1.17% | 0.04% |
| G2 Mb0022 | 0.04% | 0.31% | 0.04% |
| FN Ma5614 | 0.04% | 0.98% | 0.04% |
| FN Ma5531 | 0.04% | 0.38% | 0.04% |
| FR Sd8362 | 0.03% | 0.31% | 0.03% |
| FR Sd8342 | 0.03% | 0.61% | 0.03% |
| FR Zt2086 | 0.02% | 0.02% | 0.02% |
| FN Ma3443 | 0.01% | 0.01% | 0.01% |
| FN Ma3638 | 0.05% | 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: SMBS, SEC Form N-PORT, May 31, 2026; BOND, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | SMBS | BOND |
|---|---|---|
| Morgan Stanley | $230K | $367.3M |
| LPL Financial LLC | $1.0M | $352.9M |
| Raymond James Financial Inc. | $289K | $257.1M |
| Wells Fargo & Company | $97K | $207.4M |
| Bank of America Corp. | $667K | $169.6M |
| AE Wealth Management LLC | $65K | $170.0M |
| Osaic Holdings, Inc. | $131K | $165.7M |
| Cetera Investment Advisers | $393K | $119.2M |
| JPMorgan Chase & Co | $2.3M | $108.2M |
| UBS Group AG | $2K | $87.3M |
| Royal Bank of Canada | $282K | $60.3M |
| Mariner, LLC | $368K | $37.6M |
| BNP Paribas Financial Markets | $51 | $35.4M |
| Commonwealth Equity Services, LLC | $226K | $34.6M |
| Jones Financial Companies LLLP | $48K | $33.8M |
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: SMBS institutional holders, BOND institutional holders.
Frequently asked questions
How much do SMBS and BOND overlap?
0.7% by weight, with 19 holdings in common, using holdings for SMBS as of May 31, 2026 and BOND as of June 30, 2026. The largest shared position is FR SD8367.
Do institutions hold both SMBS and BOND?
45 Form 13F filers report positions in both, out of 577 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%.