TRFK vs PIZ overlap
TRFK and PIZ overlap 2.9% by weight, across 6 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | TRFK | PIZ | Overlap |
|---|---|---|---|
| ABB Ltd.-REGABBN | 2.26% | 1.74% | 1.74% |
| Prysmian SpaPRY | 0.52% | 0.84% | 0.52% |
| Legrand SALR | 0.50% | 0.62% | 0.50% |
| Nexans SANEX | 0.08% | 0.62% | 0.08% |
| Huber + SUHN-REGHUBN | 0.06% | 0.45% | 0.06% |
| SK Hynix Inc.000660 | 0.03% | 1.83% | 0.03% |
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: TRFK, SEC Form N-PORT, July 31, 2026; PIZ, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | TRFK | PIZ |
|---|---|---|
| LPL Financial LLC | $142.7M | $54.0M |
| Cambridge Investment Research Advisors, Inc. | $48.8M | $18.8M |
| Morgan Stanley | $118K | $66.7M |
| Raymond James Financial Inc. | $33.0M | $27.1M |
| Northwestern Mutual Wealth Management Co | $47.0M | $109K |
| Jones Financial Companies LLLP | $39.3M | $7.5M |
| Cetera Investment Advisers | $33.7M | $9.2M |
| Royal Bank of Canada | $4.3M | $36.2M |
| Creative Financial Designs Inc. | $27.3M | $8.4M |
| Envestnet Asset Management Inc. | $17.8M | $15.9M |
| Osaic Holdings, Inc. | $16.6M | $4.6M |
| Bank of America Corp. | $19.3M | $1.2M |
| UBS Group AG | $128K | $19.3M |
| Wealth Enhancement Advisory Services, LLC | $1.4M | $17.0M |
| MML Investors Services, LLC | $8.3M | $4.8M |
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: TRFK institutional holders, PIZ institutional holders.
Frequently asked questions
How much do TRFK and PIZ overlap?
2.9% by weight, with 6 holdings in common, using holdings for TRFK as of July 31, 2026 and PIZ as of July 31, 2026. The largest shared position is ABBN.
Do institutions hold both TRFK and PIZ?
43 Form 13F filers report positions in both, out of 202 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%.