TRFM vs PBW overlap
TRFM and PBW overlap 4.3% by weight, across 20 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | TRFM | PBW | Overlap |
|---|---|---|---|
| Monolithic PowerMPWR | 0.61% | 1.63% | 0.61% |
| Bloom Energy C-aBE | 0.50% | 1.07% | 0.50% |
| Tesla Inc.TSLA | 0.45% | 1.37% | 0.45% |
| AXIA Energia-ADRAXIA | 0.33% | 1.91% | 0.33% |
| BETA TechnologieBETA | 0.22% | 2.16% | 0.22% |
| ADV Energy INDSAEIS | 0.19% | 1.34% | 0.19% |
| NIO IncNIO | 0.19% | 1.69% | 0.19% |
| Universal DisplaOLED | 0.19% | 1.54% | 0.19% |
| Rivian Automot-aRIVN | 0.18% | 1.76% | 0.18% |
| XPeng IncXPEV | 0.17% | 1.70% | 0.17% |
| Archer Aviatio-aACHR | 0.16% | 1.53% | 0.16% |
| Ormat TechnologiORA | 0.15% | 1.42% | 0.15% |
| First Solar Inc.FSLR | 0.14% | 1.51% | 0.14% |
| Sunrun Inc.RUN | 0.14% | 1.21% | 0.14% |
| Nextpower Inc.-aNXT | 0.13% | 1.31% | 0.13% |
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: TRFM, SEC Form N-PORT, July 31, 2026; PBW, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | TRFM | PBW |
|---|---|---|
| LPL Financial LLC | $109.9M | $4.2M |
| Morgan Stanley | $31K | $54.9M |
| Osaic Holdings, Inc. | $28.7M | $2.4M |
| Raymond James Financial Inc. | $6.6M | $5.9M |
| Wells Fargo & Company | $5.9M | $4.1M |
| Stifel Financial Corp. | $6.4M | $3.2M |
| Cetera Investment Advisers | $6.3M | $722K |
| Truist Financial Corp. | $1.3M | $4.9M |
| Commonwealth Equity Services, LLC | $1.9M | $1.7M |
| Royal Bank of Canada | $1.5M | $1.9M |
| Citadel Advisors LLC | $1.6M | $1.6M |
| Envestnet Asset Management Inc. | $2.0M | $361K |
| Harbour Investments, Inc. | $8K | $2.0M |
| UBS Group AG | $15K | $1.2M |
| Steward Partners Investment Advisory, LLC | $400K | $165K |
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: TRFM institutional holders, PBW institutional holders.
Frequently asked questions
How much do TRFM and PBW overlap?
4.3% by weight, with 20 holdings in common, using holdings for TRFM as of July 31, 2026 and PBW as of July 31, 2026. The largest shared position is MPWR.
Do institutions hold both TRFM and PBW?
17 Form 13F filers report positions in both, out of 179 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%.