VBR vs SPMD overlap
VBR and SPMD overlap 41.3% by weight, across 259 shared holdings.
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Top shared holdings
| Holding | VBR | SPMD | Overlap |
|---|---|---|---|
| US Foods HoldingUSFD | 0.48% | 0.62% | 0.48% |
| TD Synnex Corp.SNX | 0.41% | 0.55% | 0.41% |
| Reliance Inc.RS | 0.41% | 0.53% | 0.41% |
| East West BncrpEWBC | 0.38% | 0.49% | 0.38% |
| Wesco IntlWCC | 0.36% | 0.46% | 0.36% |
| Performance FoodPFGC | 0.36% | 0.48% | 0.36% |
| API Group Corp.APG | 0.35% | 0.45% | 0.35% |
| Annaly Capital MNLY | 0.35% | 0.45% | 0.35% |
| Tenet HealthcareTHC | 0.35% | 0.44% | 0.35% |
| WP Carey Inc.WPC | 0.34% | 0.44% | 0.34% |
| Regal Rexnord CoRRX | 0.34% | 0.44% | 0.34% |
| TOLL BrothersTOL | 0.33% | 0.43% | 0.33% |
| MKS Inc.MKSI | 0.32% | 0.83% | 0.32% |
| DT MidstreamDTM | 0.32% | 0.41% | 0.32% |
| AramarkARMK | 0.32% | 0.41% | 0.32% |
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; SPMD, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | VBR | SPMD |
|---|---|---|
| Creative Planning | $83.1M | $6.8B |
| Bank of America Corp. | $3.3B | $585.0M |
| Betterment LLC | $683.5M | $1.3B |
| LPL Financial LLC | $375.2M | $909.1M |
| Assetmark, Inc. | $1.2B | $30.9M |
| Morgan Stanley | $938.8M | $263.0M |
| Envestnet Asset Management Inc. | $387.2M | $303.2M |
| Wells Fargo & Company | $407.3M | $102.6M |
| Valmark Advisers, Inc. | $700K | $479.6M |
| UBS Group AG | $356.4M | $115.9M |
| Raymond James Financial Inc. | $249.2M | $82.7M |
| Captrust Financial Advisors | $314.5M | $2.0M |
| Cetera Investment Advisers | $292.0M | $22.0M |
| Osaic Holdings, Inc. | $207.8M | $103.8M |
| HighTower Advisors, LLC | $184.9M | $111.3M |
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, SPMD institutional holders.
Frequently asked questions
How much do VBR and SPMD overlap?
41.3% by weight, with 259 holdings in common, using holdings for VBR as of June 30, 2026 and SPMD as of June 30, 2026. The largest shared position is USFD.
Do institutions hold both VBR and SPMD?
513 Form 13F filers report positions in both, out of 2,092 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%.