USO vs BCI overlap
52 institutions report holding both USO and BCI.
USOBCI
Pick 2 to 4 ETFs.
We don’t have holdings for USO. 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.
52
institutions report holding both, of 332 holding any
USO33.6% of its 13F dollars, 30.1% of its 173 holders
BCI38.2% of its 13F dollars, 24.6% of its 211 holders
Largest institutions holding both
| Firm | USO | BCI |
|---|---|---|
| Morgan Stanley | $364.5M | $52.6M |
| Wells Fargo & Company | $559K | $390.0M |
| Bank of America Corp. | $41.4M | $101.1M |
| UBS Group AG | $60.7M | $507K |
| Simplex Trading, LLC | $52.2M | $32K |
| Royal Bank of Canada | $5.2M | $44.1M |
| Empowered Funds, LLC | $1.0M | $41.5M |
| Citigroup Inc. | $33.2M | $246 |
| Envestnet Asset Management Inc. | $3.7M | $14.6M |
| Cambridge Investment Research Advisors, Inc. | $14.9M | $2.9M |
| Arax Advisory Partners | $259K | $16.3M |
| Kestra Advisory Services, LLC | $3.6M | $9.1M |
| Cetera Investment Advisers | $7.9M | $2.7M |
| Truist Financial Corp. | $1.4M | $9.2M |
| LPL Financial LLC | $1.4M | $5.9M |
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: USO institutional holders, BCI institutional holders.
Frequently asked questions
Do institutions hold both USO and BCI?
52 Form 13F filers report positions in both, out of 332 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%.