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 OverlapQ2 2026EMERALD ADVISERS portfolio →

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Most similar hedge funds by 13F overlap

EMERALD ADVISERS, LLC is an institutional investor managing $4.2B across 237 U.S. equity positions as of Q2 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, Penn Company, with shared positions in $TVTX, $CDNL, $MRCY, $AIR, $VSEC, $KLIC. The full ranking of 25 similar funds is below.

#1EMERALD MUTUAL FUND ADVISERS TRUSTPassive

Highly similar · 39 shared positions

$TVTX $CDNL $MRCY $AIR $VSEC $KLIC

$2.8B

197 positions

#2Lisanti Capital Growth, LLCPassive

Notable overlap · 9 shared positions

$CORT $TVTX $CECO $MIRM $MOD $SEI

$455M

109 positions

#3Penn Capital Management Company, LLCPassive

Notable overlap · 8 shared positions

$CECO $LGN $MIRM $SEI $RSI $AGYS

$1.6B

185 positions

#4Pier Capital, LLCPassive

Notable overlap · 7 shared positions

$CECO $SMTC $ESE $LASR $SXT $BOOT

$755M

129 positions

#5Informed Momentum Co LLCPassive

Notable overlap · 10 shared positions

$GH $CECO $SMTC $MOD $KLIC $TTMI

$1.1B

268 positions

#6Future Fund LLCPassive

Notable overlap · 6 shared positions

$MRCY $IDCC $VSEC $ESE $GH $SXT

$349M

118 positions

#7ESSEX INVESTMENT MANAGEMENT CO LLCPassive

Some overlap · 6 shared positions

$AGX $CECO $MIRM $COHU $TVTX $SMTC

$763M

306 positions

#8DRIEHAUS CAPITAL MANAGEMENT LLCPassive

Some overlap · 9 shared positions

$GH $SYRE $CECO $LASR $RSI $SEI

$17.3B

354 positions

#9G2 Investment Partners Management LLCPassive

Some overlap · 6 shared positions

$AIR $SMTC $MOD $CDNL $TTMI $LGN

$549M

73 positions

#10Legato Capital Management LLCPassive

Some overlap · 8 shared positions

$AGX $VSEC $AGYS $MOD $MIRM $CECO

$1.2B

678 positions

#11FORMULA GROWTH LTDPassive

Some overlap · 6 shared positions

$CECO $MOD $AIR $AX $GH $COMP

$284M

145 positions

#12Ophir Asset Management Pty LtdActive

Some overlap · 4 shared positions

$CDNL $AIR $PDFS $ATRO

$1.2B

36 positions

#13BRANT POINT INVESTMENT MANAGEMENT LLCActive

Some overlap · 5 shared positions

$VSEC $MOD $CDNL $UMBF $TTMI

$813M

120 positions

#14Hood River Capital Management LLCActive

Some overlap · 5 shared positions

$LIVN $SMTC $GH $RSI $ESE

$13.8B

166 positions

#15NEXT CENTURY GROWTH INVESTORS LLCPassive

Some overlap · 5 shared positions

$MIRM $GH $ATRO $BLLN $AGYS

$1.9B

113 positions

#16SG Capital Management LLCPassive

Some overlap · 4 shared positions

$VSEC $SMTC $PLXS $COHU

$1.2B

80 positions

#17Meros Investment Management, LPPassive

Some overlap · 4 shared positions

$CECO $COHU $ALGT $SEI

$315M

50 positions

#18Ranger Investment Management, L.P.Active

Some overlap · 4 shared positions

$AGX $PDFS $SEI $MOD

$1.6B

83 positions

#19Divisar Capital Management LLCActive

Some overlap · 4 shared positions

$KLIC $PDFS $LASR $TTMI

$434M

28 positions

#20Conestoga Capital Advisors, LLCActive

Some overlap · 4 shared positions

$MRCY $ESE $AGYS $LGN

$4.6B

109 positions

#21Bridge City Capital, LLCPassive

Some overlap · 4 shared positions

$KLIC $MOD $PDFS $CORT

$438M

114 positions

#22Kings Path Partners LLCActive

Some overlap · 4 shared positions

$PDFS $CDNL $SEI $AGX

$376M

353 positions

#23Summit Creek Advisors LLCPassive

Some overlap · 4 shared positions

$AIR $LGN $BOOT $AGYS

$294M

64 positions

#24NEEDHAM INVESTMENT MANAGEMENT LLCActive

Some overlap · 4 shared positions

$CECO $PDFS $LASR $ATRO

$3.3B

176 positions

#25NEUMEIER POMA INVESTMENT COUNSEL LLCActive

Some overlap · 4 shared positions

$IDCC $MOD $UMBF $TTMI

$1.5B

42 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.