TDTT vs BILS overlap
44 institutions report holding both TDTT and BILS.
TDTTBILS
Pick 2 to 4 ETFs.
We don’t have holdings for BILS. Most funds that aren’t in the SEC’s N-PORT data are unit trusts, grantor trusts or very new funds. The institutions tab may still have them.
44
institutions report holding both, of 357 holding any
TDTT5.6% of its 13F dollars, 36.7% of its 120 holders
BILS44.7% of its 13F dollars, 15.7% of its 281 holders
Largest institutions holding both
| Firm | TDTT | BILS |
|---|---|---|
| LPL Financial LLC | $4.2M | $361.0M |
| Bank of America Corp. | $4.9M | $129.0M |
| Wells Fargo & Company | $19.6M | $59.9M |
| Envestnet Asset Management Inc. | $32.3M | $42.8M |
| Morgan Stanley | $23.8M | $44.1M |
| Osaic Holdings, Inc. | $668K | $62.0M |
| Integrated Wealth Concepts LLC | $18K | $40.3M |
| Raymond James Financial Inc. | $3.0M | $35.8M |
| MML Investors Services, LLC | $13.5M | $24.3M |
| UBS Group AG | $449K | $36.1M |
| Cetera Investment Advisers | $1.6M | $27.6M |
| Royal Bank of Canada | $179K | $23.8M |
| Cambridge Investment Research Advisors, Inc. | $1.5M | $21.1M |
| Cerity Partners LLC | $454K | $21.1M |
| Valmark Advisers, Inc. | $11.6M | $8.6M |
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: TDTT institutional holders, BILS institutional holders.
Frequently asked questions
Do institutions hold both TDTT and BILS?
44 Form 13F filers report positions in both, out of 357 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%.