USVM vs REGL overlap
USVM and REGL overlap 7.2% by weight, across 13 shared holdings.
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Top shared holdings
| Holding | USVM | REGL | Overlap |
|---|---|---|---|
| One Gas Inc.OGS | 0.72% | 1.40% | 0.72% |
| New Jersey RESNJR | 0.70% | 1.57% | 0.70% |
| Portland GeneralPOR | 0.68% | 1.56% | 0.68% |
| Spire Inc.SR | 0.63% | 1.44% | 0.63% |
| UNUM GroupUNM | 0.60% | 1.66% | 0.60% |
| RenaissancereRNR | 0.58% | 1.41% | 0.58% |
| Black Hills Corp.BKH | 0.57% | 1.56% | 0.57% |
| United BankshsUBSI | 0.55% | 1.56% | 0.55% |
| Bank OZKOZK | 0.53% | 1.57% | 0.53% |
| Old Repub IntlORI | 0.53% | 1.37% | 0.53% |
| Sonoco ProductsSON | 0.42% | 1.35% | 0.42% |
| Ryder System Inc.R | 0.35% | 1.71% | 0.35% |
| Littelfuse Inc.LFUS | 0.31% | 1.85% | 0.31% |
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: USVM, SEC Form N-PORT, June 30, 2026; REGL, SEC Form N-PORT, May 31, 2026.
Largest institutions holding both
| Firm | USVM | REGL |
|---|---|---|
| Wealth Enhancement Advisory Services, LLC | $854.8M | $2.2M |
| Morgan Stanley | $389K | $202.6M |
| Raymond James Financial Inc. | $6.6M | $59.7M |
| LPL Financial LLC | $6.1M | $57.5M |
| Northwestern Mutual Wealth Management Co | $104K | $57.9M |
| Bank of America Corp. | $2.3M | $46.4M |
| Wells Fargo & Company | $94 | $35.8M |
| Royal Bank of Canada | $86K | $27.8M |
| UBS Group AG | $4K | $24.3M |
| Commonwealth Equity Services, LLC | $321K | $17.3M |
| Envestnet Asset Management Inc. | $764K | $12.3M |
| Osaic Holdings, Inc. | $662K | $11.6M |
| Truist Financial Corp. | $5.4M | $3.4M |
| Cetera Investment Advisers | $3.1M | $5.6M |
| Janney Montgomery Scott LLC | $304K | $6.1M |
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: USVM institutional holders, REGL institutional holders.
Frequently asked questions
How much do USVM and REGL overlap?
7.2% by weight, with 13 holdings in common, using holdings for USVM as of June 30, 2026 and REGL as of May 31, 2026. The largest shared position is OGS.
Do institutions hold both USVM and REGL?
33 Form 13F filers report positions in both, out of 270 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%.