ETF and Mutual Fund Analysis

Holdings as of March 31, 2026

ETF and Mutual Fund Analysis

Overlap, Comparison, and Diversification for Your Portfolio

Home > Compare > ABALX vs ANWFX Holdings as of March 31, 2026

ABALX vs ANWFX: Portfolio Overlap

American Balanced Fund vs New Perspective Fund

39.5%
Weighted portfolio overlap
Moderate Overlap

Moderate Overlap. A recognisable amount of shared weight, common among funds drawing on the same large-cap pool. Much of it typically sits in the top conviction holdings.

ABALX
174 equity holdings
as of March 31, 2026
ANWFX
276 equity holdings
as of March 31, 2026
94 stocks held in common
Overlap View Venn Diagram
39.5% OVERLAP ABALX ANWFX
Overlapping Holdings
10 Top 10 of 94 shared, by overlap contribution
# Stock ABALX ANWFX Overlap%
1
NVDA
 3.25% 3.10% 3.10%
2
AVGO
 5.47% 2.95% 2.95%
3
MSFT
 3.23% 2.70% 2.70%
4
LLY
 2.16% 1.53% 1.53%
5
GOOG
 2.32% 1.47% 1.47%
6
GOOGL
 2.83% 1.37% 1.37%
7
AMZN
 1.30% 1.45% 1.30%
8
META
 1.17% 3.79% 1.17%
9
PM
 3.63% 1.09% 1.09%
10
VRTX
 1.64% 1.02% 1.02%
Most Divergent Holdings Stocks held by one fund but absent from the other
Only in ABALX — American Balanced Fund
StockWeight
CAPITAL GROUP CENTRAL CORPORATE BOND FUND4.55%
TSM3.79%
UNP1.49%
UNH1.40%
EOG0.98%
Only in ANWFX — New Perspective Fund
StockWeight
TSLA2.66%
UNICREDIT SPA1.08%
DSV A/S0.91%
COST0.84%
Samsung Electronics Co Ltd0.84%

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Frequently Asked Questions (FAQs)
What is the portfolio overlap between ABALX and ANWFX?

ABALX (American Balanced Fund) and ANWFX (New Perspective Fund) share 39.5% portfolio overlap as of their March 31, 2026 filings, across 94 common stocks. Overlap is the sum of the smaller weight of each shared stock, so it reads as the share of a dollar that lands on the same companies in both funds.

Do ABALX and ANWFX invest in the same stocks?

Somewhat. The two funds share a meaningful set of stocks, though each also holds distinct positions the other does not.

What are the top stocks held by both ABALX and ANWFX?

The most prominent shared holdings (by combined weight) are: NVDA, AVGO, MSFT. See the full common-holdings table on this page for weights in each fund.

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