COWZ vs AVUS overlap
COWZ and AVUS overlap 8.8% by weight, across 87 shared holdings.
Pick 2 to 4 ETFs.
These funds report on different dates (COWZ: July 31, 2026, AVUS: 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 | COWZ | AVUS | Overlap |
|---|---|---|---|
| Verizon CommunicVZ | 1.97% | 0.46% | 0.46% |
| Gilead SciencesGILD | 1.93% | 0.45% | 0.45% |
| Qualcomm Inc.QCOM | 1.31% | 0.41% | 0.41% |
| At&T Inc.T | 1.95% | 0.32% | 0.32% |
| EOG ResourcesEOG | 1.28% | 0.29% | 0.29% |
| Delta Air LIDAL | 1.29% | 0.24% | 0.24% |
| Marathon PetroleMPC | 2.06% | 0.23% | 0.23% |
| Comcast Corp.-aCMCSA | 1.92% | 0.21% | 0.21% |
| T-Mobile US Inc.TMUS | 1.85% | 0.20% | 0.20% |
| Occidental PeteOXY | 1.08% | 0.19% | 0.19% |
| United AirlinesUAL | 1.10% | 0.18% | 0.18% |
| Ford Motor CoF | 1.88% | 0.18% | 0.18% |
| Pfizer Inc.PFE | 1.84% | 0.18% | 0.18% |
| Kroger CoKR | 0.92% | 0.16% | 0.16% |
| Technipfmc PLCFTI | 0.43% | 0.16% | 0.16% |
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: COWZ, SEC Form N-PORT, July 31, 2026; AVUS, SEC Form N-PORT, May 31, 2026.
Largest institutions holding both
| Firm | COWZ | AVUS |
|---|---|---|
| Bank of America Corp. | $2.2B | $123.9M |
| LPL Financial LLC | $1.1B | $325.5M |
| Morgan Stanley | $889.1M | $128.0M |
| HB Wealth Management, LLC | $1.8M | $771.9M |
| Raymond James Financial Inc. | $515.2M | $124.4M |
| Northwestern Mutual Wealth Management Co | $457.4M | $93.7M |
| Cetera Investment Advisers | $336.1M | $104.6M |
| Envestnet Asset Management Inc. | $168.8M | $257.3M |
| Wells Fargo & Company | $388.7M | $22.4M |
| Cambridge Investment Research Advisors, Inc. | $389.7M | $9.2M |
| Commonwealth Equity Services, LLC | $178.3M | $180.9M |
| HighTower Advisors, LLC | $111.9M | $201.4M |
| Osaic Holdings, Inc. | $250.0M | $42.8M |
| Focus Partners Wealth | $30.0M | $250.3M |
| UBS Group AG | $260.1M | $10.3M |
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: COWZ institutional holders, AVUS institutional holders.
Frequently asked questions
How much do COWZ and AVUS overlap?
8.8% by weight, with 87 holdings in common, using holdings for COWZ as of July 31, 2026 and AVUS as of May 31, 2026. The largest shared position is VZ.
Do institutions hold both COWZ and AVUS?
226 Form 13F filers report positions in both, out of 1,218 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%.