VAW vs PICK overlap
VAW and PICK overlap 16.6% by weight, across 24 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | VAW | PICK | Overlap |
|---|---|---|---|
| Freeport-McMoranFCX | 6.06% | 5.44% | 5.44% |
| Nucor Corp.NUE | 3.67% | 3.30% | 3.30% |
| Steel DynamicsSTLD | 2.32% | 2.08% | 2.08% |
| Alcoa Corp.AA | 1.29% | 1.16% | 1.16% |
| Reliance Inc.RS | 1.28% | 1.15% | 1.15% |
| MP Materials CORMP | 0.59% | 0.53% | 0.53% |
| Commercial MetalCMC | 0.54% | 0.49% | 0.49% |
| Cleveland-CliffsCLF | 0.50% | 0.44% | 0.44% |
| Warrior MET CoalHCC | 0.32% | 0.29% | 0.29% |
| Materion Corp.MTRN | 0.29% | 0.26% | 0.26% |
| Constellium SECSTM | 0.27% | 0.25% | 0.25% |
| Century AluminumCENX | 0.24% | 0.21% | 0.21% |
| Kaiser AluminumKALU | 0.19% | 0.17% | 0.17% |
| Alpha MetallurgiAMR | 0.14% | 0.13% | 0.13% |
| USA RARE Earth IUSAR | 0.14% | 0.12% | 0.12% |
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: VAW, SEC Form N-PORT, May 31, 2026; PICK, SEC Form N-PORT, May 31, 2026.
Largest institutions holding both
| Firm | VAW | PICK |
|---|---|---|
| Bank of America Corp. | $98.3M | $103.7M |
| LPL Financial LLC | $75.8M | $18.9M |
| Morgan Stanley | $59.7M | $27.5M |
| Wells Fargo & Company | $56.1M | $7.5M |
| Envestnet Asset Management Inc. | $51.7M | $8.0M |
| UBS Group AG | $29.8M | $25.8M |
| Raymond James Financial Inc. | $38.5M | $13.7M |
| Stifel Financial Corp. | $17.4M | $25.9M |
| Ameriprise Financial Inc. | $22.3M | $11.3M |
| Cetera Investment Advisers | $19.1M | $4.9M |
| Jane Street Group, LLC | $329K | $21.8M |
| Benjamin Edwards Inc. | $236K | $20.9M |
| Kestra Advisory Services, LLC | $1.7M | $17.4M |
| JPMorgan Chase & Co | $12.8M | $6.2M |
| Goldman Sachs Group Inc. | $5.6M | $13.0M |
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: VAW institutional holders, PICK institutional holders.
Frequently asked questions
How much do VAW and PICK overlap?
16.6% by weight, with 24 holdings in common, using holdings for VAW as of May 31, 2026 and PICK as of May 31, 2026. The largest shared position is FCX.
Do institutions hold both VAW and PICK?
107 Form 13F filers report positions in both, out of 575 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%.