What Top-Ten Overlap Between Passive Giants Actually Tells You

Not Consensus, Market Structure

8/10 overlap between Vanguard, BlackRock, and State Street = market-cap weighting, not consensus investing.

Signal: High overlap = concentrated market. Use it as baseline. Active managers deviating from this baseline are making real bets.

Full analysis: https://13finsight.com/learn/what-top-ten-overlap-between-passive-giants-really-tells-you?utm_source=devto&utm_medium=social&utm_campaign=article_ops_0319

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Originally published at 13finsight.com