How is hedge fund similarity measured?

Similarity is computed from each fund's top conviction holdings in their latest 13F filing. Funds are scored by the overlap of distinctive shared positions (the mega-caps that nearly every fund owns are excluded), so the ranking reflects genuinely shared strategy rather than common index exposure.

Hedge Funds Similar to EMERALD ADVISERS,

13F Portfolio OverlapQ1 2026EMERALD ADVISERS, portfolio →

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Most similar hedge funds by 13F overlap

EMERALD ADVISERS, LLC is an institutional investor managing $3.2B across 248 U.S. equity positions as of Q1 2026. Based on the overlap of conviction holdings in their latest 13F filings, the hedge funds with portfolios most similar to EMERALD ADVISERS, are EMERALD MUTUAL FUND ADVISERS, Lisanti Growth,, Nicholas Investment Partners,, with shared positions in $MOD, $GH, $BE, $TTMI, $COGT, $VSEC. The full ranking of 25 similar funds is below.

#1EMERALD MUTUAL FUND ADVISERS TRUSTPassive

Highly similar · 36 shared positions

$MOD $GH $BE $TTMI $COGT $VSEC

$2.1B

199 positions

#2Lisanti Capital Growth, LLCPassive

Notable overlap · 11 shared positions

$MOD $FN $AGX $VSEC $LASR $KTOS

$397M

103 positions

#3Nicholas Investment Partners, LPPassive

Notable overlap · 8 shared positions

$KTOS $MOD $BBIO $MIRM $BE $STRL

$1.4B

205 positions

#4DRIEHAUS CAPITAL MANAGEMENT LLCPassive

Notable overlap · 11 shared positions

$FN $GH $SYRE $IDCC $BE $MOD

$13.6B

355 positions

#5Pier Capital, LLCPassive

Notable overlap · 8 shared positions

$ESE $EYE $LASR $FN $SMTC $IMAX

$606M

122 positions

#6Portolan Capital Management, LLCPassive

Notable overlap · 5 shared positions

$MOD $TTMI $FN $SMTC $KTOS

$1.9B

144 positions

#7Hood River Capital Management LLCActive

Notable overlap · 6 shared positions

$BE $KTOS $GH $SMTC $AAOI $BBIO

$10.0B

167 positions

#8G2 Investment Partners Management LLCPassive

Notable overlap · 5 shared positions

$MOD $TTMI $AIR $STRL $SMTC

$406M

71 positions

#9SCALAR GAUGE MANAGEMENT, LLCActive

Notable overlap · 5 shared positions

$TTMI $BE $FN $AAOI $SMTC

$104M

26 positions

#10NEUMEIER POMA INVESTMENT COUNSEL LLCActive

Notable overlap · 5 shared positions

$TTMI $MOD $FN $IDCC $UMBF

$1.2B

41 positions

#11Pembroke Management, LTDPassive

Some overlap · 6 shared positions

$MOD $VSEC $AX $IMAX $OLLI $AIR

$691M

97 positions

#12BLUE JEAN FINANCIAL LLCPassive

Some overlap · 5 shared positions

$TTMI $BE $AAOI $SMTC $TMDX

$121M

68 positions

#13Expect Equity LLCPassive

Some overlap · 4 shared positions

$MOD $VSEC $TTMI $CECO

$104M

48 positions

#14BRANT POINT INVESTMENT MANAGEMENT LLCActive

Some overlap · 4 shared positions

$MOD $TTMI $VSEC $UMBF

$776M

130 positions

#15ESSEX INVESTMENT MANAGEMENT CO LLCPassive

Some overlap · 6 shared positions

$KTOS $AGX $MIRM $STRL $CECO $TVTX

$632M

305 positions

#16WOLVERINE ASSET MANAGEMENT LLCPassive

Some overlap · 6 shared positions

$BE $BBIO $TMDX $AVAV $GH $COGT

$10.4B

1,678 positions

#17LINDEN ADVISORS LPPassive

Some overlap · 6 shared positions

$GH $BBIO $SEI $AVAV $TVTX $LIVN

$17.9B

563 positions

#18Informed Momentum Co LLCPassive

Some overlap · 7 shared positions

$LASR $TTMI $FN $MOD $BE $SEI

$866M

273 positions

#19OBERWEIS ASSET MANAGEMENT INC/Active

Some overlap · 6 shared positions

$CRDO $RMBS $AAOI $RSI $SEI $MRCY

$3.4B

180 positions

#20Granahan Investment Management, LLCActive

Some overlap · 4 shared positions

$MOD $TTMI $RMBS $SMTC

$2.1B

149 positions

#21Whale Rock Capital Management LLCActive

Some overlap · 3 shared positions

$BE $TTMI $FN

$7.7B

35 positions

#22DEEPWATER ASSET MANAGEMENT, LLCPassive

Some overlap · 5 shared positions

$CRDO $MRCY $RMBS $AVAV $STRL

$158M

39 positions

#23FORMULA GROWTH LTDPassive

Some overlap · 5 shared positions

$FN $MOD $AX $AIR $CECO

$222M

137 positions

#24Future Fund LLCPassive

Some overlap · 5 shared positions

$GH $KTOS $MRCY $RMBS $IDCC

$284M

127 positions

#25WISCONSIN CAPITAL MANAGEMENT LLCActive

Some overlap · 3 shared positions

$MOD $VSEC $AIR

$182M

51 positions

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Similarity is derived from each fund’s latest 13F-HR filing with the SEC. Funds are ranked by the overlap of distinctive conviction holdings; near-universal mega-cap positions are excluded so the ranking reflects shared strategy, not common index exposure. Data is informational only and not investment advice.