TAIL vs HERD overlap
TAIL and HERD overlap 0.0% by weight, across 0 shared holdings.
Pick 2 to 4 ETFs.
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: TAIL, SEC Form N-PORT, July 31, 2026; HERD, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | TAIL | HERD |
|---|---|---|
| LPL Financial LLC | $10.5M | $10.7M |
| Rockefeller Capital Management L.P. | $64K | $14.5M |
| Envestnet Asset Management Inc. | $832K | $11.9M |
| Wells Fargo & Company | $10.9M | $14 |
| Osaic Holdings, Inc. | $3.1M | $5.4M |
| Raymond James Financial Inc. | $1.2M | $6.7M |
| Centric Wealth Management | $338K | $3.1M |
| Commonwealth Equity Services, LLC | $2.0M | $201K |
| Cambridge Investment Research Advisors, Inc. | $482K | $1.7M |
| Jane Street Group, LLC | $332K | $681K |
| MML Investors Services, LLC | $165K | $381K |
| Farther Finance Advisors, LLC | $405K | $132K |
| Morgan Stanley | $27K | $20K |
| Lanark Financial, Inc. | $21K | $20K |
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: TAIL institutional holders, HERD institutional holders.
Frequently asked questions
How much do TAIL and HERD overlap?
0.0% by weight, with 0 holdings in common, using holdings for TAIL as of July 31, 2026 and HERD as of July 31, 2026.
Do institutions hold both TAIL and HERD?
14 Form 13F filers report positions in both, out of 88 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%.