USMV vs DIA overlap
691 institutions report holding both USMV and DIA.
USMVDIA
Pick 2 to 4 ETFs.
We don’t have holdings for DIA. 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.
691
institutions report holding both, of 2,133 holding any
USMV83.0% of its 13F dollars, 50.3% of its 1,375 holders
DIA76.5% of its 13F dollars, 47.7% of its 1,449 holders
Largest institutions holding both
| Firm | USMV | DIA |
|---|---|---|
| Morgan Stanley | $1.4B | $1.7B |
| Bank of America Corp. | $1.2B | $1.1B |
| Raymond James Financial Inc. | $1.4B | $262.8M |
| LPL Financial LLC | $767.2M | $870.9M |
| FMR LLC | $1.5B | $56.4M |
| Wells Fargo & Company | $327.6M | $630.1M |
| UBS Group AG | $300.9M | $466.1M |
| Royal Bank of Canada | $150.1M | $443.7M |
| JPMorgan Chase & Co | $195.1M | $367.0M |
| PNC Financial Services Group, Inc. | $409.7M | $84.6M |
| Wealth Enhancement Advisory Services, LLC | $458.5M | $34.0M |
| Envestnet Asset Management Inc. | $363.0M | $123.6M |
| Bank of Montreal | $6.7M | $474.2M |
| Cambridge Investment Research Advisors, Inc. | $211.0M | $243.7M |
| Qube Research & Technologies Ltd | $69.6M | $364.9M |
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: USMV institutional holders, DIA institutional holders.
Frequently asked questions
Do institutions hold both USMV and DIA?
691 Form 13F filers report positions in both, out of 2,133 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%.