VBR vs IWP overlap
VBR and IWP overlap 6.2% by weight, across 50 shared holdings.
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Top shared holdings
| Holding | VBR | IWP | Overlap |
|---|---|---|---|
| Jabil Inc.JBL | 0.87% | 1.10% | 0.87% |
| NRG EnergyNRG | 0.66% | 0.81% | 0.66% |
| Tapestry Inc.TPR | 0.63% | 0.81% | 0.63% |
| CH RobinsonCHRW | 0.45% | 0.56% | 0.45% |
| Emcor Group Inc.EME | 0.40% | 1.00% | 0.40% |
| American AirlineAAL | 0.26% | 0.32% | 0.26% |
| Rubrik Inc.-aRBRK | 0.26% | 0.23% | 0.23% |
| Murphy USA Inc.MUSA | 0.19% | 0.25% | 0.19% |
| NVR Inc.NVR | 0.19% | 0.20% | 0.19% |
| Equitable HoldinEQH | 0.26% | 0.18% | 0.18% |
| Gartner Inc.IT | 0.18% | 0.23% | 0.18% |
| Ralph Lauren CORRL | 0.15% | 0.26% | 0.15% |
| Echostar Corp.-aECHO | 0.15% | 0.33% | 0.15% |
| Viavi SolutionsVIAV | 0.13% | 0.30% | 0.13% |
| Sanmina Corp.SANM | 0.14% | 0.11% | 0.11% |
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: VBR, SEC Form N-PORT, June 30, 2026; IWP, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | VBR | IWP |
|---|---|---|
| Bank of America Corp. | $3.3B | $1.0B |
| Morgan Stanley | $938.8M | $2.9B |
| Envestnet Asset Management Inc. | $387.2M | $858.9M |
| Wells Fargo & Company | $407.3M | $781.1M |
| Assetmark, Inc. | $1.2B | $775K |
| LPL Financial LLC | $375.2M | $399.1M |
| UBS Group AG | $356.4M | $398.0M |
| Betterment LLC | $683.5M | $2.5M |
| PNC Financial Services Group, Inc. | $205.2M | $354.9M |
| Ameriprise Financial Inc. | $164.1M | $373.5M |
| Jones Financial Companies LLLP | $251.3M | $282.9M |
| Commonwealth Equity Services, LLC | $133.9M | $324.8M |
| Aspiriant, LLC | $424.2M | $1.3M |
| TIAA-CREF Individual & Institutional Services, LLC | $150.1M | $274.8M |
| Cetera Investment Advisers | $292.0M | $105.8M |
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: VBR institutional holders, IWP institutional holders.
Frequently asked questions
How much do VBR and IWP overlap?
6.2% by weight, with 50 holdings in common, using holdings for VBR as of June 30, 2026 and IWP as of June 30, 2026. The largest shared position is JBL.
Do institutions hold both VBR and IWP?
763 Form 13F filers report positions in both, out of 2,217 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%.