USEP vs PHEQ overlap
6 institutions report holding both USEP and PHEQ.
USEPPHEQ
Pick 2 to 4 ETFs.
We don’t have holdings for USEP. 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.
6
institutions report holding both, of 90 holding any
USEP7.5% of its 13F dollars, 7.5% of its 80 holders
PHEQ12.4% of its 13F dollars, 37.5% of its 16 holders
Largest institutions holding both
| Firm | USEP | PHEQ |
|---|---|---|
| LPL Financial LLC | $1.2M | $10.7M |
| Osaic Holdings, Inc. | $3.7M | $931K |
| Susquehanna International Group, LLP | $2.5M | $1.5M |
| Old Mission Capital LLC | $1.6M | $866K |
| Integrated Wealth Concepts LLC | $63K | $835K |
| Aptus Capital Advisors, LLC | $173K | $11K |
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: USEP institutional holders, PHEQ institutional holders.
Frequently asked questions
Do institutions hold both USEP and PHEQ?
6 Form 13F filers report positions in both, out of 90 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%.