TCPB vs NUBD overlap
TCPB and NUBD overlap 3.0% by weight, across 65 shared holdings.
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Top shared holdings
| Holding | TCPB | NUBD | Overlap |
|---|---|---|---|
| US Treasury N/B | 0.61% | 0.66% | 0.61% |
| US Treasury N/BT | 2.22% | 0.33% | 0.33% |
| US Treasury N/BT | 3.90% | 0.28% | 0.28% |
| US Treasury N/B | 2.10% | 0.19% | 0.19% |
| FN Ma5471 | 0.17% | 0.17% | 0.17% |
| US Treasury N/BT | 1.66% | 0.13% | 0.13% |
| Salesforce Inc.CRM | 0.22% | 0.08% | 0.08% |
| US Treasury N/BT | 2.11% | 0.08% | 0.08% |
| HSBC Holdings | 0.12% | 0.06% | 0.06% |
| Fiserv Inc. | 0.18% | 0.05% | 0.05% |
| US Treasury N/BT | 0.92% | 0.05% | 0.05% |
| Synopsys Inc. | 0.19% | 0.05% | 0.05% |
| Barclays PLC | 0.06% | 0.04% | 0.04% |
| Takeda Pharm | 0.16% | 0.04% | 0.04% |
| Goldman Sachs GPGS | 0.11% | 0.04% | 0.04% |
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: TCPB, SEC Form N-PORT, June 30, 2026; NUBD, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | TCPB | NUBD |
|---|---|---|
| Envestnet Asset Management Inc. | $331.8M | $36.8M |
| LPL Financial LLC | $1.2M | $11.5M |
| Citadel Advisors LLC | $1.3M | $1.1M |
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: TCPB institutional holders, NUBD institutional holders.
Frequently asked questions
How much do TCPB and NUBD overlap?
3.0% by weight, with 65 holdings in common, using holdings for TCPB as of June 30, 2026 and NUBD as of July 31, 2026. The largest shared position is US TREASURY N/B.
Do institutions hold both TCPB and NUBD?
3 Form 13F filers report positions in both, out of 125 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%.