UPRO vs PBP overlap
UPRO and PBP overlap 45.0% by weight, across 499 shared holdings.
Pick 2 to 4 ETFs.
These funds report on different dates (UPRO: May 31, 2026, PBP: July 31, 2026), so market moves and index changes between those dates lower the number. Funds tracking the same index can read well below their true overlap.
Top shared holdings
| Holding | UPRO | PBP | Overlap |
|---|---|---|---|
| Nvidia Corp.NVDA | 3.56% | 7.65% | 3.56% |
| Apple Inc.AAPL | 3.18% | 7.14% | 3.18% |
| Microsoft Corp.MSFT | 2.32% | 5.43% | 2.32% |
| Amazon.COM Inc.AMZN | 1.83% | 4.18% | 1.83% |
| Alphabet Inc.-aGOOGL | 1.54% | 3.28% | 1.54% |
| Broadcom Inc.AVGO | 1.47% | 2.90% | 1.47% |
| Alphabet Inc.-CGOOG | 1.22% | 2.65% | 1.22% |
| META Platforms-aMETA | 0.96% | 1.92% | 0.96% |
| Tesla Inc.TSLA | 0.85% | 1.38% | 0.85% |
| Micron TechMU | 0.76% | 1.46% | 0.76% |
| ELI Lilly & CoLLY | 0.61% | 1.43% | 0.61% |
| Berkshire HATH-BBRK/B | 0.60% | 1.48% | 0.60% |
| ADV Micro DeviceAMD | 0.58% | 1.22% | 0.58% |
| JPMorgan ChaseJPM | 0.56% | 1.48% | 0.56% |
| Exxon Mobil Corp.XOM | 0.42% | 1.01% | 0.42% |
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: UPRO, SEC Form N-PORT, May 31, 2026; PBP, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | UPRO | PBP |
|---|---|---|
| Morgan Stanley | $143K | $18.9M |
| Creative Planning | $3.5M | $3.6M |
| LPL Financial LLC | $237K | $5.0M |
| Citadel Advisors LLC | $3.1M | $271K |
| Wells Fargo & Company | $290 | $2.6M |
| Susquehanna International Group, LLP | $973K | $1.6M |
| Assetmark, Inc. | $397K | $1.7M |
| Avidian Wealth Enterprises, LLC | $316K | $1.0M |
| Commonwealth Equity Services, LLC | $569K | $536K |
| Harbour Investments, Inc. | $689K | $15K |
| HighTower Advisors, LLC | $218K | $417K |
| BlackRock, Inc. | $288K | $3K |
| Physician Wealth Advisors, Inc. | $251K | $30K |
| Osaic Holdings, Inc. | $57K | $43K |
| NewEdge Advisors, LLC | $68K | $733 |
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: UPRO institutional holders, PBP institutional holders.
Frequently asked questions
How much do UPRO and PBP overlap?
45.0% by weight, with 499 holdings in common, using holdings for UPRO as of May 31, 2026 and PBP as of July 31, 2026. The largest shared position is NVDA.
Do institutions hold both UPRO and PBP?
16 Form 13F filers report positions in both, out of 188 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%.