TVAL vs DTD overlap
TVAL and DTD overlap 43.6% by weight, across 127 shared holdings.
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Top shared holdings
| Holding | TVAL | DTD | Overlap |
|---|---|---|---|
| Microsoft Corp.MSFT | 2.28% | 3.07% | 2.28% |
| Apple Inc.AAPL | 2.96% | 2.10% | 2.10% |
| Exxon Mobil Corp.XOM | 1.77% | 1.71% | 1.71% |
| Johnson&JohnsonJNJ | 1.68% | 1.80% | 1.68% |
| JPMorgan ChaseJPM | 1.56% | 2.67% | 1.56% |
| Philip Morris inPM | 1.30% | 1.27% | 1.27% |
| Alphabet Inc.-CGOOG | 2.12% | 1.23% | 1.23% |
| Procter & GamblePG | 1.74% | 1.15% | 1.15% |
| Cisco SystemsCSCO | 1.54% | 1.14% | 1.14% |
| Unitedhealth GRPUNH | 1.37% | 1.14% | 1.14% |
| Bank of AmericaBAC | 1.89% | 1.02% | 1.02% |
| Merck & CoMRK | 1.01% | 1.23% | 1.01% |
| Home Depot Inc.HD | 0.98% | 1.05% | 0.98% |
| Morgan StanleyMS | 0.96% | 1.33% | 0.96% |
| Wells Fargo & CoWFC | 0.95% | 0.92% | 0.92% |
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: TVAL, SEC Form N-PORT, June 30, 2026; DTD, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | TVAL | DTD |
|---|---|---|
| LPL Financial LLC | $196.0M | $85.5M |
| Morgan Stanley | $25.8M | $115.7M |
| Wells Fargo & Company | $103K | $34.5M |
| Raymond James Financial Inc. | $4.5M | $26.2M |
| Cambridge Investment Research Advisors, Inc. | $4.1M | $19.9M |
| Osaic Holdings, Inc. | $9.0M | $11.6M |
| Cetera Investment Advisers | $6.6M | $13.6M |
| HighTower Advisors, LLC | $933K | $15.1M |
| Envestnet Asset Management Inc. | $4.4M | $7.2M |
| Integrated Wealth Concepts LLC | $316K | $7.4M |
| JPMorgan Chase & Co | $13K | $7.1M |
| Jones Financial Companies LLLP | $4.3M | $1.4M |
| Steward Partners Investment Advisory, LLC | $733K | $5.0M |
| Commonwealth Equity Services, LLC | $1.3M | $2.8M |
| Citadel Advisors LLC | $345K | $2.4M |
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: TVAL institutional holders, DTD institutional holders.
Frequently asked questions
How much do TVAL and DTD overlap?
43.6% by weight, with 127 holdings in common, using holdings for TVAL as of June 30, 2026 and DTD as of June 30, 2026. The largest shared position is MSFT.
Do institutions hold both TVAL and DTD?
24 Form 13F filers report positions in both, out of 228 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%.