WNTR vs TEST overlap

WNTR and TEST overlap 37.0% by weight, across 3 shared holdings.

WNTRTEST

Pick 2 to 4 ETFs.

37.0%

overlap by weight, across 3 shared holdings

WNTR37.0% of the fund is in shared holdings, of 5

TEST54.1% of the fund is in shared holdings, of 3

Top shared holdings

Holding	WNTR	TEST	Overlap
Treasury Bill	17.55%	18.10%	17.55%
Treasury Bill	11.56%	18.51%	11.56%
B 0 12/10/26	7.92%	17.50%	7.92%

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: WNTR, SEC Form N-PORT, July 31, 2026; TEST, SEC Form N-PORT, July 31, 2026.

institutions report holding both, of 8 holding any

WNTR32.1% of its 13F dollars, 14.3% of its 7 holders

TEST55.1% of its 13F dollars, 50.0% of its 2 holders

Largest institutions holding both

Firm	WNTR	TEST
Old Mission Capital LLC	$749K	$1.3M

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: WNTR institutional holders, TEST institutional holders.

Frequently asked questions

How much do WNTR and TEST overlap?

37.0% by weight, with 3 holdings in common, using holdings for WNTR as of July 31, 2026 and TEST as of July 31, 2026. The largest shared position is TREASURY BILL.

Do institutions hold both WNTR and TEST?

1 Form 13F filers report positions in both, out of 8 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%.