USTB vs IBTH overlap
USTB and IBTH overlap 2.5% by weight, across 2 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | USTB | IBTH | Overlap |
|---|---|---|---|
| US Treasury N/B | 1.75% | 2.24% | 1.75% |
| US Treasury N/B | 0.75% | 1.45% | 0.75% |
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: USTB, SEC Form N-PORT, June 30, 2026; IBTH, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | USTB | IBTH |
|---|---|---|
| Morgan Stanley | $149.9M | $85.5M |
| Bank of America Corp. | $88.1M | $96.5M |
| Merit Financial Group, LLC | $148.8M | $15.9M |
| LPL Financial LLC | $80.7M | $43.0M |
| Wells Fargo & Company | $45.6M | $44.6M |
| Raymond James Financial Inc. | $35.4M | $39.6M |
| Integrated Wealth Concepts LLC | $12.3M | $54.4M |
| Envestnet Asset Management Inc. | $8.7M | $45.3M |
| Stonebridge Financial Group, LLC | $46.9M | $525K |
| UBS Group AG | $6.0M | $37.9M |
| Janney Montgomery Scott LLC | $23.5M | $7.4M |
| Royal Bank of Canada | $13.7M | $13.6M |
| BlackRock, Inc. | $294K | $26.5M |
| Osaic Holdings, Inc. | $11.0M | $14.3M |
| Northwestern Mutual Wealth Management Co | $11.2M | $13.1M |
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: USTB institutional holders, IBTH institutional holders.
Frequently asked questions
How much do USTB and IBTH overlap?
2.5% by weight, with 2 holdings in common, using holdings for USTB as of June 30, 2026 and IBTH as of July 31, 2026. The largest shared position is US TREASURY N/B.
Do institutions hold both USTB and IBTH?
52 Form 13F filers report positions in both, out of 407 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%.