SPHB vs AOA overlap
SPHB and AOA overlap 0.0% by weight, across 0 shared holdings.
Pick 2 to 4 ETFs.
These funds report on different dates (SPHB: May 31, 2026, AOA: July 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
These funds hold nothing in common.
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: SPHB, SEC Form N-PORT, May 31, 2026; AOA, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | SPHB | AOA |
|---|---|---|
| Cambridge Investment Research Advisors, Inc. | $73.3M | $30.1M |
| LPL Financial LLC | $40.7M | $24.1M |
| Rockefeller Capital Management L.P. | $807K | $59.7M |
| Morgan Stanley | $42.2M | $14.5M |
| Wells Fargo & Company | $34.7M | $18.0M |
| Bank of America Corp. | $30.9M | $10.0M |
| NewEdge Advisors, LLC | $22.4M | $3.6M |
| TRUE Private Wealth Advisors | $19.1M | $866K |
| Citadel Advisors LLC | $15.9M | $3.9M |
| Raymond James Financial Inc. | $12.8M | $6.2M |
| UBS Group AG | $13.5M | $4.6M |
| Jones Financial Companies LLLP | $14.5M | $1.2M |
| Royal Bank of Canada | $7.5M | $6.8M |
| JPMorgan Chase & Co | $5.4M | $6.6M |
| Cetera Investment Advisers | $5.2M | $6.1M |
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: SPHB institutional holders, AOA institutional holders.
Frequently asked questions
How much do SPHB and AOA overlap?
0.0% by weight, with 0 holdings in common, using holdings for SPHB as of May 31, 2026 and AOA as of July 31, 2026.
Do institutions hold both SPHB and AOA?
83 Form 13F filers report positions in both, out of 510 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%.