USTB vs IBTG overlap
USTB and IBTG overlap 0.8% by weight, across 2 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | USTB | IBTG | Overlap |
|---|---|---|---|
| US Treasury N/B | 0.68% | 4.71% | 0.68% |
| US Treasury N/BT | 0.09% | 4.04% | 0.09% |
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: USTB, SEC Form N-PORT, June 30, 2026; IBTG, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | USTB | IBTG |
|---|---|---|
| Morgan Stanley | $149.9M | $91.4M |
| Bank of America Corp. | $88.1M | $98.5M |
| Merit Financial Group, LLC | $148.8M | $1.1M |
| LPL Financial LLC | $80.7M | $57.3M |
| Wells Fargo & Company | $45.6M | $54.8M |
| Integrated Wealth Concepts LLC | $12.3M | $64.7M |
| Raymond James Financial Inc. | $35.4M | $31.7M |
| Stonebridge Financial Group, LLC | $46.9M | $414K |
| Envestnet Asset Management Inc. | $8.7M | $32.3M |
| UBS Group AG | $6.0M | $33.8M |
| Janney Montgomery Scott LLC | $23.5M | $9.0M |
| Private Advisor Group, LLC | $29.7M | $2.6M |
| Apella Capital, LLC | $12.3M | $16.9M |
| Northwestern Mutual Wealth Management Co | $11.2M | $16.7M |
| Osaic Holdings, Inc. | $11.0M | $16.3M |
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: USTB institutional holders, IBTG institutional holders.
Frequently asked questions
How much do USTB and IBTG overlap?
0.8% by weight, with 2 holdings in common, using holdings for USTB as of June 30, 2026 and IBTG as of July 31, 2026. The largest shared position is US TREASURY N/B.
Do institutions hold both USTB and IBTG?
55 Form 13F filers report positions in both, out of 411 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%.