SVAL vs MGMT overlap

SVAL and MGMT overlap 1.8% by weight, across 4 shared holdings.

SVALMGMT

Pick 2 to 4 ETFs.

1.8%

overlap by weight, across 4 shared holdings

SVAL1.8% of the fund is in shared holdings, of 243

MGMT7.7% of the fund is in shared holdings, of 54

Top shared holdings

Holding	SVAL	MGMT	Overlap
GEO Group Inc./THGEO	0.61%	2.30%	0.61%
AZZ Inc.AZZ	0.42%	3.33%	0.42%
Third Coast BANCTCBX	0.42%	1.26%	0.42%
Advansix Inc.ASIX	0.31%	0.84%	0.31%

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: SVAL, SEC Form N-PORT, June 30, 2026; MGMT, SEC Form N-PORT, June 30, 2026.

institutions report holding both, of 90 holding any

SVAL3.5% of its 13F dollars, 20.0% of its 45 holders

MGMT9.0% of its 13F dollars, 16.7% of its 54 holders

Largest institutions holding both

Firm	SVAL	MGMT
Raymond James Financial Inc.	$518K	$11.5M
Citadel Advisors LLC	$1.7M	$613K
LPL Financial LLC	$2.0M	$234K
Sanctuary Advisors, LLC	$289K	$377K
Morgan Stanley	$244K	$30K
Integrated Wealth Concepts LLC	$260K	$5K
Global Retirement Partners, LLC	$3K	$179K
Osaic Holdings, Inc.	$37K	$15K
FMR LLC	$12K	$2K

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: SVAL institutional holders, MGMT institutional holders.

Frequently asked questions

How much do SVAL and MGMT overlap?

1.8% by weight, with 4 holdings in common, using holdings for SVAL as of June 30, 2026 and MGMT as of June 30, 2026. The largest shared position is GEO.

Do institutions hold both SVAL and MGMT?

9 Form 13F filers report positions in both, out of 90 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%.