VLUE vs PBUS overlap
VLUE and PBUS overlap 13.3% by weight, across 150 shared holdings.
Pick 2 to 4 ETFs.
These funds report on different dates (VLUE: July 31, 2026, PBUS: May 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 | VLUE | PBUS | Overlap |
|---|---|---|---|
| Micron TechMU | 18.98% | 1.65% | 1.65% |
| Cisco SystemsCSCO | 4.65% | 0.72% | 0.72% |
| Bank of AmericaBAC | 2.21% | 0.54% | 0.54% |
| Qualcomm Inc.QCOM | 1.42% | 0.40% | 0.40% |
| Wells Fargo & CoWFC | 1.25% | 0.37% | 0.37% |
| Citigroup Inc.C | 1.62% | 0.34% | 0.34% |
| Verizon CommunicVZ | 2.97% | 0.31% | 0.31% |
| Walt Disney Co/TDIS | 1.53% | 0.28% | 0.28% |
| Salesforce Inc.CRM | 0.99% | 0.27% | 0.27% |
| At&T Inc.T | 2.55% | 0.27% | 0.27% |
| Pfizer Inc.PFE | 1.60% | 0.23% | 0.23% |
| DELL Techn-CDELL | 1.42% | 0.20% | 0.20% |
| Newmont Corp.NEM | 0.56% | 0.18% | 0.18% |
| Capital One FINACOF | 0.87% | 0.18% | 0.18% |
| Bristol-MYER SQBBMY | 1.24% | 0.18% | 0.18% |
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: VLUE, SEC Form N-PORT, July 31, 2026; PBUS, SEC Form N-PORT, May 31, 2026.
Largest institutions holding both
| Firm | VLUE | PBUS |
|---|---|---|
| Morgan Stanley | $184.8M | $1.6B |
| Northwestern Mutual Wealth Management Co | $659.9M | $622K |
| Bank of America Corp. | $296.0M | $315K |
| Envestnet Asset Management Inc. | $206.6M | $17.3M |
| LPL Financial LLC | $196.1M | $22.5M |
| Bank of New York Mellon Corp | $911K | $166.5M |
| FMR LLC | $157.5M | $139K |
| Raymond James Financial Inc. | $29.0M | $122.7M |
| JPMorgan Chase & Co | $136.3M | $495K |
| Wells Fargo & Company | $117.2M | $29 |
| Cetera Investment Advisers | $31.1M | $56.1M |
| Axxcess Wealth Management, LLC | $1.6M | $76.7M |
| UBS Group AG | $65.7M | $7.3M |
| MML Investors Services, LLC | $60.3M | $5.2M |
| Royal Bank of Canada | $46.9M | $67K |
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: VLUE institutional holders, PBUS institutional holders.
Frequently asked questions
How much do VLUE and PBUS overlap?
13.3% by weight, with 150 holdings in common, using holdings for VLUE as of July 31, 2026 and PBUS as of May 31, 2026. The largest shared position is MU.
Do institutions hold both VLUE and PBUS?
39 Form 13F filers report positions in both, out of 647 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%.