SPAB vs BOND overlap
SPAB and BOND overlap 3.2% by weight, across 226 shared holdings.
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Top shared holdings
| Holding | SPAB | BOND | Overlap |
|---|---|---|---|
| US Treasury N/BT | 0.32% | 0.73% | 0.32% |
| US Treasury N/B | 0.26% | 3.39% | 0.26% |
| FNCL 5 7/26FNCL | 0.27% | 0.23% | 0.23% |
| US Treasury N/B | 0.23% | 0.38% | 0.23% |
| US Treasury N/B | 0.20% | 2.57% | 0.20% |
| G2SF 4.5 7/26G2SF | 0.17% | 0.38% | 0.17% |
| FNCL 4.5 7/26FNCL | 0.13% | 0.16% | 0.13% |
| FR Sd8342 | 0.10% | 0.61% | 0.10% |
| US Treasury N/BT | 0.25% | 0.09% | 0.09% |
| US Treasury N/B | 0.07% | 1.32% | 0.07% |
| Fannie Mae Pool | 0.07% | 0.76% | 0.07% |
| FNCL 6.5 7/26 | 0.06% | 1.58% | 0.06% |
| US Treasury N/BT | 0.06% | 1.94% | 0.06% |
| G2SF 3 7/26 | 0.05% | 0.21% | 0.05% |
| FN Ma5614 | 0.04% | 0.98% | 0.04% |
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: SPAB, SEC Form N-PORT, June 30, 2026; BOND, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | SPAB | BOND |
|---|---|---|
| LPL Financial LLC | $646.4M | $352.9M |
| Envestnet Asset Management Inc. | $251.6M | $264.8M |
| Morgan Stanley | $68.6M | $367.3M |
| Cerity Partners LLC | $367.6M | $4.5M |
| Bank of America Corp. | $182.0M | $169.6M |
| Raymond James Financial Inc. | $74.9M | $257.1M |
| Osaic Holdings, Inc. | $116.3M | $165.7M |
| Exchange Traded Concepts, LLC | $248.2M | $20.9M |
| Wells Fargo & Company | $16.9M | $207.4M |
| OneDigital Investment Advisors LLC | $26.7M | $169.3M |
| NewEdge Advisors, LLC | $42.6M | $135.9M |
| AE Wealth Management LLC | $5.4M | $170.0M |
| JPMorgan Chase & Co | $66.3M | $108.2M |
| Cetera Investment Advisers | $42.0M | $119.2M |
| Waverly Advisors, LLC | $30.6M | $122.9M |
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: SPAB institutional holders, BOND institutional holders.
Frequently asked questions
How much do SPAB and BOND overlap?
3.2% by weight, with 226 holdings in common, using holdings for SPAB as of June 30, 2026 and BOND as of June 30, 2026. The largest shared position is T.
Do institutions hold both SPAB and BOND?
203 Form 13F filers report positions in both, out of 875 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%.