# Portfolio overlap — KCE vs BCFN

Comparing **State Street(R) SPDR(R) S&P(R) Capital Markets ETF** (2026-03-31) and **Baron Financials ETF** (2026-03-31).

- Shared positions: 14
- State Street(R) SPDR(R) S&P(R) Capital Markets ETF covered by Baron Financials ETF: 0.2034559215488472338693914238
- Baron Financials ETF covered by State Street(R) SPDR(R) S&P(R) Capital Markets ETF: 0.2034559215488472338693914238

## State Street(R) SPDR(R) S&P(R) Capital Markets ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| State Street Navigator Securities Lending Portfolio II | 0.022446 |  |
| STONEX GROUP INC | 0.017674 |  |
| VIRTU FINANCIAL INC- CL A | 0.017015 |  |
| PERELLA WEINBERG PARTNERS | 0.016924 |  |
| BRIGHTSPHERE INVESTMENT GROUP INC | 0.016850 |  |
| BLACKSTONE INC | 0.016838 |  |
| BGC GROUP INC-A | 0.016770 |  |
| KKR & CO INC | 0.016686 | ✓ |
| JEFFERIES FINANCIAL GROUP INC | 0.016670 |  |
| FACTSET RESEARCH SYSTEMS INC | 0.016582 | ✓ |
| PIPER SANDLER CO | 0.016508 |  |
| STEPSTONE GROUP INC CLASS A | 0.016491 |  |
| ARES MANAGEMENT CORP CL A | 0.016488 |  |
| MOELIS & CO-CL A | 0.016209 |  |
| EVERCORE INC A | 0.016193 |  |
| GOLDMAN SACHS GROUP INC | 0.016094 |  |
| CARLYLE GROUP INC (THE) | 0.016075 |  |
| MORGAN STANLEY | 0.015996 | ✓ |
| JANUS HENDERSON GROUP PLC | 0.015957 |  |
| INVESCO LTD | 0.015931 |  |
| STIFEL FINANCIAL CORP | 0.015913 |  |
| VIRTUS INVESTMENT PARTNERS | 0.015898 |  |
| PJT PARTNERS INC | 0.015887 |  |
| SCHWAB CHARLES CORP | 0.015866 | ✓ |
| BANK OF NEW YORK MELLON CORP | 0.015849 |  |
| HAMILTON LANE INC - A | 0.015835 |  |
| BLUE OWL CAPITAL INC A | 0.015827 |  |
| BLACKROCK INC | 0.015814 | ✓ |
| T ROWE PRICE GRP | 0.015780 |  |
| STATE STREET CORP | 0.015713 |  |
| ARTISAN PARTNERS ASSET MANAGEMENT INC A | 0.015685 |  |
| FEDERATED HERMES INC | 0.015685 |  |
| DIGITALBRIDGE GROUP INC | 0.015678 |  |
| INTERCONTINENTAL EXCHANGE INC | 0.015670 |  |
| NASDAQ INC | 0.015601 |  |
| S&P GLOBAL INC | 0.015578 | ✓ |
| TPG INC | 0.015571 |  |
| LPL FINL HLDGS INC | 0.015539 | ✓ |
| MSCI INC | 0.015492 | ✓ |
| COHEN & STEERS | 0.015492 |  |
| NORTHERN TRUST CORP | 0.015485 |  |
| AMERIPRISE FINANCIAL INC | 0.015483 |  |
| SEI INVESTMENTS | 0.015478 |  |
| CBOE GLOBAL MARKETS INC | 0.015451 |  |
| INTERACTIVE BROKERS GROUP INC | 0.015409 | ✓ |
| MIAMI INTERNATIONAL HOLDINGS INC | 0.015409 |  |
| AFFIL MANAGERS | 0.015369 |  |
| HOULIHAN LOKEY I | 0.015349 | ✓ |
| MOODYS CORP | 0.015294 | ✓ |
| RAYMOND JAMES FINANCIAL INC. | 0.015271 |  |

## Baron Financials ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| MASTERCARD INC CL A | 0.056456 |  |
| VISA INC-CLASS A | 0.055881 |  |
| S&P GLOBAL INC | 0.055824 | ✓ |
| SCHWAB CHARLES CORP | 0.044925 | ✓ |
| LPL FINL HLDGS INC | 0.040913 | ✓ |
| MERCADOLIBRE INC | 0.036856 |  |
| INTERACTIVE BROKERS GROUP INC | 0.035908 | ✓ |
| KKR & CO INC | 0.035769 | ✓ |
| TRADEWEB MARKETS INC A | 0.035471 | ✓ |
| CME GROUP INC CL A | 0.035121 | ✓ |
| MSCI INC | 0.034374 | ✓ |
| MOODYS CORP | 0.034123 | ✓ |
| INTUIT INC | 0.033820 |  |
| NU HOLDINGS LTD/CAYMAN ISLANDS | 0.033280 |  |
| MORGAN STANLEY | 0.032978 | ✓ |
| APOLLO GLOBAL MANAGEMENT INC | 0.029590 |  |
| BANK OF AMERICA CORPORATION | 0.026933 |  |
| VERISK ANALYTICS INC | 0.025388 |  |
| HOULIHAN LOKEY I | 0.024416 | ✓ |
| GUIDEWIRE SOFTWARE INC | 0.024161 |  |
| CAPITAL ONE FINANCIAL CORP | 0.024039 |  |
| BLACKROCK INC | 0.023507 | ✓ |
| FAIR ISAAC CORP | 0.021581 |  |
| ARCH CAPITAL GROUP LTD | 0.021417 |  |
| WISE PLC - A | 0.018313 |  |
| JACK HENRY | 0.017457 |  |
| SHOPIFY INC CL A | 0.016895 |  |
| PROGRESSIVE CORP OHIO | 0.015070 |  |
| PRIMERICA INC | 0.012753 |  |
| TRANSUNION | 0.011839 |  |
| ROBINHOOD MARKETS INC | 0.011781 | ✓ |
| EQUIFAX INC | 0.010722 |  |
| KINSALE CAPITAL GROUP INC | 0.009533 |  |
| BLOCK INC CL A | 0.008870 |  |
| SERVICETITAN INC-A | 0.008362 |  |
| ROCKET COS INC-A | 0.007873 |  |
| TWFG INC (CLASS A) | 0.006641 |  |
| ALKAMI TECHNOLOGY INC | 0.004971 |  |
| BRP GROUP INC-A | 0.004766 |  |
| NEPTUNE INSURANCE HOLDINGS INC | 0.004440 |  |
| FACTSET RESEARCH SYSTEMS INC | 0.004430 | ✓ |
| Accelerant Holdings, Class A | 0.002554 |  |


## Sources

- N-PORT (fund A) — accession `0001410368-26-055528` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1064642/000141036826055528/0001410368-26-055528-index.htm>
- N-PORT (fund B) — accession `0001410368-26-049916` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/2081199/000141036826049916/0001410368-26-049916-index.htm>

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