WBIF vs IPO overlap

WBIF and IPO overlap 3.5% by weight, across 2 shared holdings.

WBIFIPO

Pick 2 to 4 ETFs.

3.5%

overlap by weight, across 2 shared holdings

WBIF3.5% of the fund is in shared holdings, of 74

IPO21.0% of the fund is in shared holdings, of 52

Top shared holdings

Holding	WBIF	IPO	Overlap
Astera Labs Inc.ALAB	2.03%	12.30%	2.03%
ARM Holdings PLCARM	1.50%	8.71%	1.50%

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: WBIF, SEC Form N-PORT, June 30, 2026; IPO, SEC Form N-PORT, June 30, 2026.

institutions report holding both, of 63 holding any

WBIF2.6% of its 13F dollars, 33.3% of its 12 holders

IPO20.7% of its 13F dollars, 7.3% of its 55 holders

Largest institutions holding both

Firm	WBIF	IPO
LPL Financial LLC	$931K	$6.0M
Cetera Investment Advisers	$439K	$4.0M
UBS Group AG	$2K	$788K
Morgan Stanley	$36	$138K

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: WBIF institutional holders, IPO institutional holders.

Frequently asked questions

How much do WBIF and IPO overlap?

3.5% by weight, with 2 holdings in common, using holdings for WBIF as of June 30, 2026 and IPO as of June 30, 2026. The largest shared position is ALAB.

Do institutions hold both WBIF and IPO?

4 Form 13F filers report positions in both, out of 63 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%.