SPMB vs BOND overlap
SPMB and BOND overlap 1.9% by weight, across 14 shared holdings.
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Top shared holdings
| Holding | SPMB | BOND | Overlap |
|---|---|---|---|
| Fannie Mae Pool | 0.35% | 0.76% | 0.35% |
| FR Sd8342 | 0.34% | 0.61% | 0.34% |
| FNCL 6.5 7/26 | 0.29% | 1.58% | 0.29% |
| FNCL 5 7/26FNCL | 0.45% | 0.23% | 0.23% |
| G2SF 4.5 7/26G2SF | 0.17% | 0.38% | 0.17% |
| FNCL 4.5 7/26FNCL | 0.39% | 0.16% | 0.16% |
| G2SF 3 7/26 | 0.13% | 0.21% | 0.13% |
| FN Ma5614 | 0.11% | 0.98% | 0.11% |
| FR Sd8384 | 0.13% | 0.06% | 0.06% |
| FN Ma3692 | 0.01% | 0.01% | 0.01% |
| FN Ma3467 | 0.00% | 0.01% | 0.00% |
| Freddie Mac Pool | 0.00% | 0.42% | 0.00% |
| FN Ma3443 | 0.00% | 0.01% | 0.00% |
| Fannie Mae Pool | 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: SPMB, SEC Form N-PORT, June 30, 2026; BOND, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | SPMB | BOND |
|---|---|---|
| LPL Financial LLC | $500.2M | $352.9M |
| Morgan Stanley | $42.5M | $367.3M |
| Envestnet Asset Management Inc. | $6.6M | $264.8M |
| Raymond James Financial Inc. | $823K | $257.1M |
| Bank of America Corp. | $50.1M | $169.6M |
| Wells Fargo & Company | $1.9M | $207.4M |
| Stifel Financial Corp. | $131.5M | $52.3M |
| AE Wealth Management LLC | $880K | $170.0M |
| Osaic Holdings, Inc. | $3.8M | $165.7M |
| JPMorgan Chase & Co | $33.8M | $108.2M |
| Cetera Investment Advisers | $17.5M | $119.2M |
| NewEdge Advisors, LLC | $67K | $135.9M |
| Waverly Advisors, LLC | $6.4M | $122.9M |
| Great Valley Advisor Group, Inc. | $334K | $91.4M |
| UBS Group AG | $28K | $87.3M |
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: SPMB institutional holders, BOND institutional holders.
Frequently asked questions
How much do SPMB and BOND overlap?
1.9% by weight, with 14 holdings in common, using holdings for SPMB as of June 30, 2026 and BOND as of June 30, 2026. The largest shared position is Fannie Mae Pool.
Do institutions hold both SPMB and BOND?
124 Form 13F filers report positions in both, out of 673 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%.