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 BAUPOST GROUP

13F Portfolio OverlapQ2 2026BAUPOST GROUP portfolio →

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Most similar hedge funds by 13F overlap

BAUPOST GROUP LLC/MA is an institutional investor managing $5.4B across 23 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 BAUPOST GROUP are Hyperion Advisors, SCHARF INVESTMENTS, London & Asset Ltd, with shared positions in $ELV, $AON, $EXP, $UNP, $CME, $FERG. The full ranking of 21 similar funds is below.

#1Hyperion Capital Advisors LPActive

Notable overlap · 3 shared positions

$ELV $AON $EXP

$222M

67 positions

#2SCHARF INVESTMENTS, LLCActive

Notable overlap · 3 shared positions

$UNP $AON $CME

$3.0B

79 positions

#3London & Capital Asset Management LtdActive

Notable overlap · 3 shared positions

$FERG $CME $EXP

$10.9B

203 positions

#4REDWOOD CAPITAL MANAGEMENT, LLCSmart money

Some overlap · 4 shared positions

$ELV $MOH $AERO $NCLH

$927M

25 positions

#5CAMBIAR INVESTORS LLCActive

Some overlap · 3 shared positions

$UNP $ELV $CME

$2.3B

150 positions

#6Beutel, Goodman & Co Ltd.Active

Some overlap · 3 shared positions

$QSR $UNP $ELV

$13.6B

163 positions

#7Canoe Financial LPActive

Some overlap · 3 shared positions

$QSR $ELV $CME

$8.1B

110 positions

#8Norman Fields, Gottscho Capital Management, LLCActive

Some overlap · 3 shared positions

$UNP $WCC $FERG

$330M

64 positions

#9Carnegie Lake Advisors LLCPassive

Some overlap · 3 shared positions

$WCC $COLD $FERG

$268M

168 positions

#10683 Capital Management, LLCActive

Some overlap · 3 shared positions

$MOH $ELV $GPC

$2.0B

153 positions

#11IRIDIAN ASSET MANAGEMENT LLC/CTActive

Some overlap · 4 shared positions

$HLF $ELV $QSR $MOH

$291M

41 positions

#12Global Alpha Capital Management Ltd.Active

Some overlap · 3 shared positions

$EXP $COLD $DNOW

$1.7B

48 positions

#13Artisan Partners Limited PartnershipActive

Some overlap · 3 shared positions

$ELV $AON $AXTA

$63.1B

341 positions

#14Vancity Investment Management LtdPassive

Some overlap · 3 shared positions

$FERG $ELV $CME

$666M

92 positions

#15GUYASUTA INVESTMENT ADVISORS INCActive

Some overlap · 3 shared positions

$WCC $EXP $FERG

$1.9B

276 positions

#16LAKEWOOD CAPITAL MANAGEMENT, LPActive

Some overlap · 3 shared positions

$UNP $ELV $AXTA

$1.9B

65 positions

#17HUTNER CAPITAL MANAGEMENT INCActive

Some overlap · 3 shared positions

$UNP $GPC $QSR

$252M

43 positions

#18Hound Partners, LLCActive

Some overlap · 3 shared positions

$NCLH $ELV $AERO

$863M

32 positions

#19Keystone Financial ServicesActive

Slight overlap · 3 shared positions

$ELV $FERG $AON

$388M

131 positions

#20ProVise Management Group, LLCPassive

Slight overlap · 3 shared positions

$ELV $AON $FERG

$1.5B

282 positions

#21Oak Thistle LLCPassive

Slight overlap · 3 shared positions

$ELV $CME $LBTYA

$1.0B

466 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.