TBG vs SGLC overlap
TBG and SGLC overlap 4.3% by weight, across 8 shared holdings.
Pick 2 to 4 ETFs.
These funds report on different dates (TBG: July 31, 2026, SGLC: May 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
| Holding | TBG | SGLC | Overlap |
|---|---|---|---|
| JPMorgan ChaseJPM | 2.10% | 1.60% | 1.60% |
| Merck & CoMRK | 4.24% | 1.03% | 1.03% |
| Morgan StanleyMS | 2.07% | 0.38% | 0.38% |
| Exxon Mobil Corp.XOM | 1.79% | 0.33% | 0.33% |
| Chevron Corp.CVX | 3.70% | 0.32% | 0.32% |
| Pepsico Inc.PEP | 3.29% | 0.30% | 0.30% |
| Simon PropertySPG | 3.44% | 0.19% | 0.19% |
| Procter & GamblePG | 3.53% | 0.18% | 0.18% |
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: TBG, SEC Form N-PORT, July 31, 2026; SGLC, SEC Form N-PORT, May 31, 2026.
Largest institutions holding both
| Firm | TBG | SGLC |
|---|---|---|
| Betterment LLC | $206K | $3.4M |
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: TBG institutional holders, SGLC institutional holders.
Frequently asked questions
How much do TBG and SGLC overlap?
4.3% by weight, with 8 holdings in common, using holdings for TBG as of July 31, 2026 and SGLC as of May 31, 2026. The largest shared position is JPM.
Do institutions hold both TBG and SGLC?
1 Form 13F filers report positions in both, out of 34 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%.