# Portfolio overlap — AIPO vs NETZ

Comparing **Defiance AI and Power Infrastructure ETF** (2026-02-28) and **TCW Transform Systems ETF** (2026-04-30).

- Shared positions: 7
- Defiance AI and Power Infrastructure ETF covered by TCW Transform Systems ETF: 0.2368092697553281748744997004
- TCW Transform Systems ETF covered by Defiance AI and Power Infrastructure ETF: 0.2368092697553281748744997003

## Defiance AI and Power Infrastructure ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| QUANTA SVCS INC | 0.088725 | ✓ |
| GE VERNOVA LLC | 0.087702 | ✓ |
| VERTIV HOLDINGS CO | 0.084346 | ✓ |
| EATON CORP PLC | 0.077354 |  |
| CAMECO CORP | 0.056688 | ✓ |
| NVIDIA CORP | 0.035072 |  |
| CONSTELLATION ENERGY CORP | 0.030861 |  |
| BLOOM ENERGY CORP CL A | 0.028808 | ✓ |
| BROADCOM INC | 0.028094 | ✓ |
| HUBBELL INC | 0.026057 |  |
| MASTEC INC | 0.023841 |  |
| VISTRA CORP | 0.020591 | ✓ |
| DOMINION ENERGY INC | 0.018867 |  |
| BWX TECHNOLOGIES INC | 0.018736 |  |
| NVENT ELECTRIC PLC | 0.018508 |  |
| GENERAC HOLDINGS INC | 0.016930 |  |
| XCEL ENERGY INC | 0.016749 |  |
| ADV MICRO DEVICE | 0.016277 |  |
| PUB SERV ENTERP | 0.015459 |  |
| STERLING INFRASTRUCTURE INC | 0.014662 |  |
| NEXGEN ENERGY LT | 0.013553 |  |
| PG&E CORP | 0.013107 |  |
| EQUINIX INC | 0.012979 |  |
| DYCOM INDUSTRIES INC | 0.012317 |  |
| VALMONT INDUSTRIES INC | 0.012189 |  |
| LATTICE SEMICONDUCTOR CORP | 0.010470 |  |
| DIGITAL REALTY TRUST INC | 0.010420 |  |
| OKLO INC | 0.010416 |  |
| DENISON MINES CO | 0.010067 |  |
| ENERSYS INC | 0.009503 |  |
| ARGAN INC | 0.009457 |  |
| MARVELL TECHNOLOGY INC | 0.009064 |  |
| DIGITALBRIDGE GROUP INC | 0.008882 |  |
| Nebius Group NV, Class A | 0.008802 |  |
| RAMBUS INC | 0.008131 |  |
| ARM HOLDINGS LTD | 0.008104 |  |
| WHITEFIBER INC | 0.007428 |  |
| EVERGY INC | 0.007185 |  |
| ITRON INC | 0.007184 |  |
| POWER SOLUTIONS INTL INC | 0.006659 |  |
| ASTERA LABS INC | 0.006470 |  |
| TALEN ENERGY CORP | 0.006333 |  |
| CENTRUS ENERGY CORP CL A | 0.006306 |  |
| MYR GROUP INC/DELAWARE | 0.006206 |  |
| AMER SUPERCONDTR | 0.005688 |  |
| PREFORMED LINE PRODUCTS CO | 0.005177 |  |
| NUSCALE POWER CORP | 0.005057 |  |
| AES CORP | 0.004421 |  |
| FRST AM-GV OB-X | 0.004366 |  |
| NANO NUCLEAR ENERGY INC | 0.004285 |  |

## TCW Transform Systems ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| GENERAL ELECTRIC CO | 0.076805 |  |
| VERTIV HOLDINGS CO | 0.071007 | ✓ |
| Safran SA EUR0.20 | 0.056165 |  |
| BROADCOM INC | 0.052773 | ✓ |
| GE VERNOVA LLC | 0.048706 | ✓ |
| POWELL INDUSTRIES INC | 0.043963 |  |
| APPLIED MATERIALS INC | 0.042373 |  |
| TRANE TECHNOLOGI | 0.041881 |  |
| KLA CORP | 0.040112 |  |
| VENTURE GLOBAL INC | 0.038596 |  |
| SANDVIK AB /SEK/ 0.00000000 | 0.036750 |  |
| EXXON MOBIL CORP | 0.036509 |  |
| BLOOM ENERGY CORP CL A | 0.033487 | ✓ |
| AIRBUS SE | 0.033098 |  |
| QNITY ELECTRONICS INC | 0.032379 |  |
| ARISTA NETWORKS INC | 0.030402 |  |
| Siemens Energy AG NPV | 0.025648 |  |
| CAMECO CORP | 0.024287 | ✓ |
| CATERPILLAR INC | 0.023970 |  |
| QUANTA SVCS INC | 0.022820 | ✓ |
| MIRION TECHNOLOGIES INC-A | 0.022567 |  |
| Schneider Electric SE EUR4.00 | 0.022247 |  |
| UNION PACIFIC CORP | 0.022075 |  |
| REPUBLIC SVCS | 0.020541 |  |
| MARTIN MAR MTLS | 0.020013 |  |
| TAIWAN SEMIC MFG CO LTD SP ADR | 0.018199 |  |
| CHENIERE ENERGY INC | 0.016381 |  |
| MICROSOFT CORP | 0.013720 |  |
| VISTRA CORP | 0.013088 | ✓ |
| COMFORT SYSTEMS USA INC | 0.010284 |  |
| FIRST SOLAR INC | 0.009157 |  |


## Sources

- N-PORT (fund A) — accession `0000894189-26-012332` (as of 2026-02-28)
  <https://www.sec.gov/Archives/edgar/data/1924868/000089418926012332/0000894189-26-012332-index.htm>
- N-PORT (fund B) — accession `0001003715-26-002505` (as of 2026-04-30)
  <https://www.sec.gov/Archives/edgar/data/1831313/000100371526002505/0001003715-26-002505-index.htm>

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