IWP vs AVUV overlap
IWP and AVUV overlap 0.4% by weight, across 10 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | IWP | AVUV | Overlap |
|---|---|---|---|
| Five BelowFIVE | 0.11% | 0.72% | 0.11% |
| Globalstar Inc.GSAT | 0.11% | 0.09% | 0.09% |
| Sanmina Corp.SANM | 0.11% | 0.06% | 0.06% |
| Iridium CommunicIRDM | 0.04% | 0.71% | 0.04% |
| Alaska Air GroupALK | 0.02% | 0.64% | 0.02% |
| LYFT Inc.-aLYFT | 0.02% | 0.26% | 0.02% |
| Matador ResourceMTDR | 0.01% | 0.29% | 0.01% |
| Primoris ServicePRIM | 0.01% | 0.14% | 0.01% |
| Credit AcceptancCACC | 0.01% | 0.20% | 0.01% |
| Kyndryl HoldingsKD | 0.00% | 0.00% | 0.00% |
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: IWP, SEC Form N-PORT, June 30, 2026; AVUV, SEC Form N-PORT, May 31, 2026.
Largest institutions holding both
| Firm | IWP | AVUV |
|---|---|---|
| Morgan Stanley | $2.9B | $425.2M |
| Creative Planning | $60.8M | $2.7B |
| Bank of America Corp. | $1.0B | $431.6M |
| LPL Financial LLC | $399.1M | $981.2M |
| Envestnet Asset Management Inc. | $858.9M | $299.3M |
| Wells Fargo & Company | $781.1M | $285.2M |
| Focus Partners Wealth | $93.2M | $818.8M |
| Ameriprise Financial Inc. | $373.5M | $385.7M |
| UBS Group AG | $398.0M | $200.6M |
| First Command Advisory Services, Inc. | $577.1M | $119K |
| Northwestern Mutual Wealth Management Co | $217.6M | $326.0M |
| Commonwealth Equity Services, LLC | $324.8M | $110.9M |
| PNC Financial Services Group, Inc. | $354.9M | $65.6M |
| Raymond James Financial Inc. | $145.9M | $240.7M |
| Focus Partners Advisor Solutions, LLC | $6.4M | $374.3M |
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: IWP institutional holders, AVUV institutional holders.
Frequently asked questions
How much do IWP and AVUV overlap?
0.4% by weight, with 10 holdings in common, using holdings for IWP as of June 30, 2026 and AVUV as of May 31, 2026. The largest shared position is FIVE.
Do institutions hold both IWP and AVUV?
498 Form 13F filers report positions in both, out of 1,860 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%.