# Portfolio overlap — SHEH vs TOWFX

Comparing **Shell plc ADRhedged** (2026-03-31) and **Towpath Focus Fund** (2026-02-28).

- Shared positions: 1
- Shell plc ADRhedged covered by Towpath Focus Fund: 0.04501568232709218042455964944
- Towpath Focus Fund covered by Shell plc ADRhedged: 0.04501568232709218042455964944

## Shell plc ADRhedged — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| SHELL PLC SPONS ADR | 0.957356 | ✓ |
| DREYFUS-TR SE-IN | 0.041862 |  |
| ZAR/USD FWD 20260116 CIBCCATT | 0.000782 |  |

## Towpath Focus Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| FMR-TREASURY-III | 0.129986 |  |
| ALPHABET INC CL A | 0.094811 |  |
| MCKESSON CORP | 0.062616 |  |
| BANK OF NEW YORK MELLON CORP | 0.061677 |  |
| SHELL PLC SPONS ADR | 0.045016 | ✓ |
| Novartis AG | 0.043989 |  |
| TAPESTRY INC | 0.043023 |  |
| CENCORA INC | 0.040174 |  |
| BANK OF AMERICA CORPORATION | 0.030717 |  |
| GSK plc SPONSORED ADR | 0.029116 |  |
| VALERO ENERGY CORP | 0.028993 |  |
| GILEAD SCIENCES INC | 0.028982 |  |
| AMGEN INC | 0.028644 |  |
| BRISTOL-MYERS SQUIBB CO | 0.023678 |  |
| JOHNSON&JOHNSON | 0.022200 |  |
| PRESTIGE CONSUMER HEALTHCARE INC | 0.021940 |  |
| CHUBB LTD | 0.021616 |  |
| THE BOOKING HOLDINGS INC | 0.021019 |  |
| SCHWAB CHARLES CORP | 0.020499 |  |
| EBAY INC | 0.019827 |  |
| BHP Group Ltd. SPONSORED ADS | 0.019399 |  |
| KROGER CO | 0.019376 |  |
| Common Stock | 0.018411 |  |
| COCA-COLA CO/THE | 0.016810 |  |
| Ituran Location & Control Ltd. | 0.016198 |  |
| GENTEX CORP | 0.014442 |  |
| ROSS STORES INC | 0.013930 |  |
| AMAZON.COM INC | 0.013136 |  |
| UNITED NATURAL FOODS INC | 0.009527 |  |
| ADOBE INC | 0.008888 |  |
| MAPLEBEAR INC | 0.007569 |  |
| SOUTHERN MISSOURI BANCORP INC | 0.007531 |  |
| STEVEN MADDEN LTD | 0.006244 |  |
| OLD SECOND BNCRP | 0.004580 |  |
| TORRID HOLDINGS INC | 0.004309 |  |
| PAYSAFE LTD COMMON STOCK USD.0001 | 0.001128 |  |


## Sources

- N-PORT (fund A) — accession `0000940400-26-020342` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1499655/000094040026020342/0000940400-26-020342-index.htm>
- N-PORT (fund B) — accession `0001162044-26-000397` (as of 2026-02-28)
  <https://www.sec.gov/Archives/edgar/data/1368578/000116204426000397/0001162044-26-000397-index.htm>

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_Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC._

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