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Hedge Funds Similar to MASTERS

13F Portfolio OverlapQ1 2026MASTERS portfolio →
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Most similar hedge funds by 13F overlap

MASTERS CAPITAL MANAGEMENT LLC is an institutional investor managing $3.0B across 85 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 MASTERS are Slate Path, Manatuck Hill Partners,, GeoSphere ,, with shared positions in $DAL, $NOK, $RIG, $CLF, $FLR, $FTK. The full ranking of 14 similar funds is below.

#1Slate Path Capital LPActive
Notable overlap · 4 shared positions
$DAL$NOK$RIG$CLF
$6.7B
44 positions
#2Manatuck Hill Partners, LLCPassive
Some overlap · 3 shared positions
$FLR$NOK$FTK
$370M
116 positions
#3GeoSphere Capital Management, LLCActive
Some overlap · 4 shared positions
$FLR$NXE$BORR$IAG
$229M
42 positions
#4Lloyd Harbor Capital Management, LLCActive
Some overlap · 3 shared positions
$EMN$RIG$NXE
$245M
26 positions
#5ION Fund Management LtdActive
Some overlap · 3 shared positions
$FLR$RIG$NXE
$707M
62 positions
#6K2 PRINCIPAL FUND, L.P.Passive
Some overlap · 4 shared positions
$ASTS$FLR$RUN$DCH
$1.4B
487 positions
#7PZENA INVESTMENT MANAGEMENT LLCActive
Some overlap · 3 shared positions
$NOV$NOK$DAL
$30.8B
158 positions
#8Collar Capital Management, LLCPassive
Some overlap · 3 shared positions
$UPS$HUN$CLF
$155M
72 positions
#9Old West Investment Management, LLCPassive
Some overlap · 3 shared positions
$NXE$NOK$GSM
$923M
123 positions
#10L1 Capital Pty LtdActive
Some overlap · 3 shared positions
$NXE$ISOU$IAG
$2.5B
22 positions
#11Maple Rock Capital Partners Inc.Active
Some overlap · 3 shared positions
$CLF$RUN$LYFT
$3.1B
44 positions
#12LEUTHOLD GROUP, LLCPassive
Slight overlap · 3 shared positions
$UPS$IAG$BCS
$939M
211 positions
#13TCM Advisors, LLCSmart money
Slight overlap · 3 shared positions
$UPS$EMN$DAL
$1.4B
69 positions
#14PenderFund Capital Management Ltd.Passive
Slight overlap · 3 shared positions
$NXE$FLR$ISOU
$639M
253 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.