SMBS vs JMTG overlap
SMBS and JMTG overlap 0.5% by weight, across 12 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | SMBS | JMTG | Overlap |
|---|---|---|---|
| G2 Ma8346 | 0.13% | 0.26% | 0.13% |
| FN Ma4466 | 0.07% | 0.09% | 0.07% |
| FR Sd0781 | 0.06% | 0.05% | 0.05% |
| FN Ma4096 | 0.05% | 0.50% | 0.05% |
| Fannie Mae Pool | 0.06% | 0.05% | 0.05% |
| FR Sd7554 | 0.06% | 0.04% | 0.04% |
| FR Sd8212 | 0.02% | 0.13% | 0.02% |
| FN Ma4415 | 0.02% | 0.16% | 0.02% |
| G2 Ma8795 | 0.01% | 0.02% | 0.01% |
| Fannie Mae Pool | 0.00% | 0.05% | 0.00% |
| Freddie Mac Pool | 0.00% | 0.12% | 0.00% |
| FG A93511 | 0.00% | 0.01% | 0.00% |
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; JMTG, SEC Form N-PORT, May 31, 2026.
Largest institutions holding both
| Firm | SMBS | JMTG |
|---|---|---|
| JPMorgan Chase & Co | $2.3M | $2.4B |
| Bank of America Corp. | $667K | $739.7M |
| LPL Financial LLC | $1.0M | $237.3M |
| Morgan Stanley | $230K | $222.0M |
| Focus Partners Wealth | $454K | $34.9M |
| Raymond James Financial Inc. | $289K | $33.6M |
| Wells Fargo & Company | $97K | $32.4M |
| Mercer Global Advisors Inc. | $960K | $15.5M |
| Jones Financial Companies LLLP | $48K | $14.6M |
| Goldman Sachs Group Inc. | $2.2M | $10.5M |
| Jane Street Group, LLC | $1.4M | $8.1M |
| Integrated Wealth Concepts LLC | $26K | $8.9M |
| Cetera Investment Advisers | $393K | $7.5M |
| Citadel Advisors LLC | $4.1M | $2.2M |
| Osaic Holdings, Inc. | $131K | $5.2M |
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: SMBS institutional holders, JMTG institutional holders.
Frequently asked questions
How much do SMBS and JMTG overlap?
0.5% by weight, with 12 holdings in common, using holdings for SMBS as of May 31, 2026 and JMTG as of May 31, 2026. The largest shared position is G2 MA8346.
Do institutions hold both SMBS and JMTG?
38 Form 13F filers report positions in both, out of 210 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%.