Institutional Portfolio Overlap & Shared Holdings
Compare institutional investor portfolios using publicly disclosed SEC Form 13F filings tracked by InsiderSet. Analyze shared holdings, overlapping sector exposure, consensus smart money positions, portfolio concentration, and estimated current values across major hedge funds and institutional asset managers.
Sector portfolio overlap
Explore shared holdings and top overlapping superinvestor pairs within a sector.
Ariel Appreciation Fund & Causeway Capital Management Portfolio Overlap
Shared 13F holdings between Ariel Appreciation Fund and Causeway Capital Management based on latest reported SEC filings (the quarter ended June 30, 2026).
Overlap Score
5
Minimal overlap
Shared Holdings
8 shared positions across both portfolios (104 holdings for Ariel Appreciation Fund, 115 for Causeway Capital Management).
| Stock | Ariel Appreciation Fund value | Causeway Capital Management value | Combined value | Conviction | Est. current value | Sector |
|---|---|---|---|---|---|---|
| JLL Jones Lang LaSalle Incorporated | $328.63M | $76.95M | $405.57M | 2.3% | $440.76M | Real Estate |
| TSM Taiwan Semiconductor Manufactur | $8.52M | $254.09M | $262.61M | 2.1% | $236.60M | Technology |
| DIS Walt Disney Company (The) | $61.16M | $34.71M | $95.87M | 0.6% | $104.93M | Communication Services |
| ZBH Zimmer Biomet Holdings, Inc. | $258,184 | $67.91M | $68.17M | 0.5% | $74.63M | Healthcare |
| VEA Vanguard FTSE Developed Markets | $5.41M | $30.45M | $35.86M | 0.3% | $36.31M | — |
| HDB HDFC Bank Limited | $363,480 | $10.22M | $10.59M | 0.1% | $9.29M | Financial Services |
| B Barrick Gold | $7.14M | $255,762 | $7.40M | 0.0% | $8.80M | — |
| VWO Vanguard FTSE Emerging Markets | $600,780 | $2.12M | $2.72M | 0.0% | $2.73M | — |
Largest Shared Position
Jones Lang LaSalle Incorporated (JLL) represents the largest overlapping position between Ariel Appreciation Fund and Causeway Capital Management based on the latest reported SEC Form 13F filings for the quarter ended June 30, 2026. The combined disclosed value of JLL positions reported by both investment firms is approximately $405.57M, reflecting overlapping institutional exposure to Jones Lang LaSalle Incorporated.
Shared Sector Exposure
| Sector | Combined value | Shared holdings |
|---|---|---|
| Real Estate | $405.57M | JLL |
| Technology | $262.61M | TSM |
| Communication Services | $95.87M | DIS |
| Healthcare | $68.17M | ZBH |
| Other | $45.98M | B, VEA, VWO |
| Financial Services | $10.59M | HDB |
Consensus Smart Money Signals
Shared holdings between Ariel Appreciation Fund and Causeway Capital Management may indicate overlapping long-term investment themes or broader smart money consensus toward specific companies and sectors. SEC Form 13F filings report positions, not investment intent.
- Strongest overlap by reported value: JLL ($405.57M combined).
- Highest average portfolio weight in overlap: JLL (2.3% conviction score).
- Largest estimated mark-to-market gain since filing: JLL ($35.19M vs reported combined value, where EOD data is available).
Historical Overlap Trend
The overlap between Ariel Appreciation Fund and Causeway Capital Management decreased between Q1 2001 and Q2 2001, with 8 shared holdings in the latest period ($888.79M combined reported value) versus 9 in the prior period ($865.61M).
Overlap Score Guide
| Score | Meaning |
|---|---|
| 85–100 | Extremely high shared conviction |
| 65–84 | Strong overlap |
| 45–64 | Moderate overlap |
| 25–44 | Limited overlap |
| 0–24 | Minimal overlap |
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