SMCO vs NBSM overlap
SMCO and NBSM overlap 12.0% by weight, across 11 shared holdings.
Pick 2 to 4 ETFs.
These funds report on different dates (SMCO: July 31, 2026, NBSM: May 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 | SMCO | NBSM | Overlap |
|---|---|---|---|
| Community FinancCBU | 1.96% | 2.08% | 1.96% |
| MKS Inc.MKSI | 1.51% | 2.21% | 1.51% |
| Jack HenryJKHY | 1.56% | 1.43% | 1.43% |
| Bio-Techne Corp.TECH | 1.23% | 1.62% | 1.23% |
| Houlihan Lokey IHLI | 1.36% | 1.17% | 1.17% |
| SAIA Inc.SAIA | 1.13% | 1.35% | 1.13% |
| Aptargroup Inc.ATR | 1.08% | 2.08% | 1.08% |
| Entegris Inc.ENTG | 0.98% | 1.48% | 0.98% |
| Pool Corp.POOL | 0.86% | 0.50% | 0.50% |
| Idacorp Inc.IDA | 2.23% | 0.50% | 0.50% |
| Valvoline Inc.VVV | 1.45% | 0.49% | 0.49% |
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: SMCO, SEC Form N-PORT, July 31, 2026; NBSM, SEC Form N-PORT, May 31, 2026.
Largest institutions holding both
| Firm | SMCO | NBSM |
|---|---|---|
| LPL Financial LLC | $3.6M | $7.8M |
| Bank of America Corp. | $2.4M | $5.7M |
| UBS Group AG | $4.9M | $43K |
| Osaic Holdings, Inc. | $1.7M | $89K |
| Morgan Stanley | $899 | $1.5M |
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: SMCO institutional holders, NBSM institutional holders.
Frequently asked questions
How much do SMCO and NBSM overlap?
12.0% by weight, with 11 holdings in common, using holdings for SMCO as of July 31, 2026 and NBSM as of May 31, 2026. The largest shared position is CBU.
Do institutions hold both SMCO and NBSM?
5 Form 13F filers report positions in both, out of 39 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%.