SPBW vs ARLU overlap
11 institutions report holding both SPBW and ARLU.
SPBWARLU
Pick 2 to 4 ETFs.
We don’t have holdings for ARLU. Most funds that aren’t in the SEC’s N-PORT data are unit trusts, grantor trusts or very new funds. The institutions tab may still have them.
11
institutions report holding both, of 46 holding any
SPBW48.3% of its 13F dollars, 34.4% of its 32 holders
ARLU59.9% of its 13F dollars, 44.0% of its 25 holders
Largest institutions holding both
| Firm | SPBW | ARLU |
|---|---|---|
| Allianz SE | $5.7M | $14.4M |
| Commonwealth Equity Services, LLC | $1.3M | $9.3M |
| Kestra Advisory Services, LLC | $6.8M | $2.7M |
| Independent Financial Group, LLC | $5.5M | $545K |
| Cetera Investment Advisers | $2.1M | $479K |
| Envestnet Asset Management Inc. | $1.1M | $576K |
| Osaic Holdings, Inc. | $1.2M | $136K |
| MML Investors Services, LLC | $231K | $752K |
| Raymond James Financial Inc. | $301K | $361K |
| Patriot Financial Group Insurance Agency, LLC | $216K | $305K |
| Harbour Investments, Inc. | $142K | $239K |
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: SPBW institutional holders, ARLU institutional holders.
Frequently asked questions
Do institutions hold both SPBW and ARLU?
11 Form 13F filers report positions in both, out of 46 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%.