VIS vs PPA overlap
VIS and PPA overlap 27.2% by weight, across 45 shared holdings.
Pick 2 to 4 ETFs.
These funds report on different dates (VIS: May 31, 2026, PPA: July 31, 2026), so market moves and index changes between those dates lower the number. Funds tracking the same index can read well below their true overlap.
Top shared holdings
| Holding | VIS | PPA | Overlap |
|---|---|---|---|
| General ElectricGE | 4.84% | 7.11% | 4.84% |
| RTX Corp.RTX | 3.41% | 8.30% | 3.41% |
| Boeing Co/theBA | 2.57% | 6.87% | 2.57% |
| Eaton Corp. PLCETN | 2.21% | 2.15% | 2.15% |
| Lockheed MartinLMT | 1.57% | 6.64% | 1.57% |
| Parker HannifinPH | 1.51% | 3.69% | 1.51% |
| Howmet AerospaceHWM | 1.40% | 4.47% | 1.40% |
| General DynamicsGD | 1.13% | 4.96% | 1.13% |
| Northrop GrummanNOC | 1.08% | 4.75% | 1.08% |
| Transdigm GroupTDG | 1.00% | 3.09% | 1.00% |
| Rocket Lab Corp.RKLB | 0.98% | 1.57% | 0.98% |
| L3harris TechnolLHX | 0.84% | 3.83% | 0.84% |
| AXON EnterpriseAXON | 0.48% | 3.20% | 0.48% |
| Curtiss-WrightCW | 0.39% | 1.69% | 0.39% |
| ATI Inc.ATI | 0.34% | 1.56% | 0.34% |
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: VIS, SEC Form N-PORT, May 31, 2026; PPA, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | VIS | PPA |
|---|---|---|
| Bank of America Corp. | $1.5B | $1.4B |
| Morgan Stanley | $323.1M | $394.9M |
| LPL Financial LLC | $109.5M | $346.3M |
| Wells Fargo & Company | $221.6M | $132.5M |
| UBS Group AG | $133.4M | $141.1M |
| Raymond James Financial Inc. | $94.1M | $105.0M |
| Ameriprise Financial Inc. | $56.1M | $115.8M |
| Envestnet Asset Management Inc. | $98.2M | $42.6M |
| HighTower Advisors, LLC | $53.9M | $84.8M |
| Cetera Investment Advisers | $35.6M | $65.1M |
| Royal Bank of Canada | $59.1M | $36.2M |
| Stifel Financial Corp. | $58.6M | $24.2M |
| Osaic Holdings, Inc. | $26.2M | $50.3M |
| Cambridge Investment Research Advisors, Inc. | $12.4M | $58.6M |
| Commonwealth Equity Services, LLC | $28.5M | $37.2M |
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: VIS institutional holders, PPA institutional holders.
Frequently asked questions
How much do VIS and PPA overlap?
27.2% by weight, with 45 holdings in common, using holdings for VIS as of May 31, 2026 and PPA as of July 31, 2026. The largest shared position is GE.
Do institutions hold both VIS and PPA?
254 Form 13F filers report positions in both, out of 943 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%.