AIPO vs NLR overlap - what they share and where they differ
AIPO and NLR share 13.2% of their weight across 11 common positions, read from what each fund reported to the SEC.
Each week Ploutos reads the reported positions of the largest US equity ETFs and measures, pair by pair, the weight they share: for every stock both funds hold, the smaller of the two weights counts. Two funds tracking the same index land near 100%. A sector fund inside a broad index fund lands at roughly that sector's weight.
AIPO and NLR
13.2%
11 shared positions
AIPO
Defiance AI & Power Infrastructure ETF
Reported positions cover 100% of the fund, 75 positions · May 31, 2026
Top 10: 51.5%·Holdings of AIPO
NLR
VanEck Uranium and Nuclear ETF
Reported positions cover 100% of the fund, 25 positions · Jun 30, 2026
Top 10: 61.1%·Holdings of NLR
Reported positions cover AIPO 100%, NLR 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
NLR vs AIPO side by side
AIPODefiance AI & Power Infrastructure ETF
75
stock positions reported to the SEC
86.5% of its weight is in 64 names NLR does not hold
NLRVanEck Uranium and Nuclear ETF
25
stock positions reported to the SEC
38.5% of its weight is in 14 names AIPO does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Technology: AIPO has 43.6 points more of it.
The figures side by side
| AIPO | NLR | |
|---|---|---|
| Filing date | May 31, 2026 | Jun 30, 2026 |
| Stock positions reported | 75 | 25 |
| Weight of the ten largest | 51.5% | 61.1% |
| Largest position | PWR 7.9% | CCJ 8.4% |
| Held alone | 64 positions, 86.5% | 14 positions, 38.5% |
| Covered by stock positions | 100% | 100% |
Holdings they share
| Stock | In AIPO | In NLR | Counted |
|---|---|---|---|
| CCJCameco Corp | 3.78% | 8.41% | 3.78% |
| CEGConstellation Energy Corp | 3.07% | 8.04% | 3.07% |
| BWXTBWX Technologies Inc | 1.27% | 6.78% | 1.27% |
| PEGPublic Service Enterprise Grou | 1.15% | 7.09% | 1.15% |
| OKLOOklo Inc | 0.88% | 5.22% | 0.88% |
| NXENexGen Energy Ltd | 0.77% | 4.97% | 0.77% |
| ENERGY FUELS INC/CANADA | 0.52% | 4.67% | 0.52% |
| SMRNuScale Power Corp | 0.48% | 4.76% | 0.48% |
| DNNDenison Mines Corp | 0.44% | 4.77% | 0.44% |
| LEUCentrus Energy Corp | 0.43% | 5.05% | 0.43% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in AIPO
Only in NLR
Questions people ask
Is AIPO the same as NLR?
13.2% of their weight sits in the same 11 holdings. AIPO also reports PWR, VRT, GEV, which the other does not. NLR also reports FORTUM OYJ, UEC, NAC KAZATOMPROM JSC, which the other does not.
How is the overlap between AIPO and NLR measured?
For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 100% of AIPO and 100% of NLR, so the number cannot exceed the smaller coverage.
Which holds more, NLR or AIPO?
AIPO reports 75 stock positions and NLR reports 25. 86.5% of AIPO's weight sits in names NLR does not hold, and 38.5% of NLR's weight in names AIPO does not hold. The ten largest positions are 51.5% of AIPO and 61.1% of NLR.
How do AIPO and NLR differ by sector?
The widest gap is Technology: AIPO has 43.6 points more of it. Sectors come from each holding's SIC code in its SEC record, summed by the weight the fund reports.
Where do the numbers come from?
From each fund's own N-PORT filing to the SEC, which lists every position and its weight. The comparison uses every equity position the fund reports; cash, futures and bonds are not counted, which is why a coverage figure sits next to every result. Holdings change between filings.
Add a third fund in the tool·All fund pairs
Descriptive data from public SEC filings. Nothing on this page is a recommendation to buy, sell or hold any fund or stock, and holdings change between filings.