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 Itau Unibanco Holding S.A.

13F Portfolio OverlapQ1 2026Itau Unibanco Holding S.A. portfolio →

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Most similar hedge funds by 13F overlap

Itau Unibanco Holding S.A. is an institutional investor managing $4.2B across 342 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 Itau Unibanco Holding S.A. are SPX Gestao de Recursos Ltda, INCA Investments, Moneda S.A. Administradora General de Fondos, with shared positions in $SOBO, $NU, $VALE, $PBR, $LTM, $BAP. The full ranking of 25 similar funds is below.

#1SPX Gestao de Recursos LtdaActive

Substantial overlap · 8 shared positions

$SOBO $NU $VALE $PBR $LTM $BAP

$1.2B

82 positions

#2INCA Investments LLCActive

Notable overlap · 7 shared positions

$NU $ITUB $LTM $BAP $MELI $FMX

$282M

10 positions

#3Moneda S.A. Administradora General de FondosActive

Notable overlap · 6 shared positions

$PBR $VALE $LTM $MELI $CIB $AERO

$123M

25 positions

#4MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLCPassive

Notable overlap · 8 shared positions

$ITUB $NU $PBR $BAP $FMX $SE

$246M

37 positions

#5ABS Direct Equity Fund LLCPassive

Notable overlap · 8 shared positions

$CX $NU $MELI $KOF $BAP $PAC

$131M

109 positions

#6RWC ASSET ADVISORS (US) LLCActive

Notable overlap · 6 shared positions

$PBR $VALE $EMBJ $GGAL $SCCO $AERO

$464M

14 positions

#7Oaktree Fund Advisors, LLCActive

Notable overlap · 3 shared positions

$PBR $ITUB $EMBJ

$57M

14 positions

#8Navi International - Administradora e Gestora de Recursos Financeiros Ltda.Active

Notable overlap · 8 shared positions

$NU $PBR $MELI $GGB $LTM $EMBJ

$222M

14 positions

#9Coronation Fund Managers Ltd.Active

Notable overlap · 5 shared positions

$NU $SE $MELI $BAP $EMBJ

$2.2B

53 positions

#10TT International Asset Management LTDActive

Notable overlap · 6 shared positions

$ITUB $PBR $BAP $BCH $GGAL $SE

$916M

48 positions

#11VPR Management LLCActive

Notable overlap · 8 shared positions

$NU $ITUB $MELI $PBR $KOF $SE

$250M

65 positions

#12Ramirez Asset Management, Inc.Passive

Notable overlap · 6 shared positions

$ITUB $CX $KOF $EMBJ $SE $GGAL

$832M

349 positions

#13Aubrey Capital Management LtdPassive

Notable overlap · 4 shared positions

$NU $LTM $EMBJ $BCH

$186M

50 positions

#14Kora Management LPSmart money

Notable overlap · 4 shared positions

$NU $SE $MELI $GGAL

$702M

9 positions

#15LARCH CAPITAL PARTNERS LLCSmart money

Notable overlap · 6 shared positions

$NU $VALE $SOBO $PBR $GGB $LEN

$690M

53 positions

#16Northcape Capital Pty LtdSmart money

Notable overlap · 5 shared positions

$ITUB $MELI $AMX $PAC $FMX

$867M

8 positions

#17Ribbit Management Company, LLCSmart money

Notable overlap · 3 shared positions

$NU $SE $MELI

$1.7B

14 positions

#18KIDS CAPITAL MANAGEMENT, L.P.Active

Notable overlap · 3 shared positions

$NU $SE $MELI

$106M

12 positions

#19BAILLIE GIFFORD & COActive

Notable overlap · 5 shared positions

$NU $SE $MELI $BAP $PBR

$97.9B

271 positions

#20Gemsstock Ltd.Active

Notable overlap · 5 shared positions

$VALE $ITUB $NU $MELI $GGAL

$949M

28 positions

#21Parametrica Management LtdActive

Notable overlap · 3 shared positions

$NU $SE $MELI

$88M

20 positions

#22Fundamenta Capital S.A.Active

Notable overlap · 4 shared positions

$CX $BAP $EMBJ $FMX

$116M

11 positions

#23Westwood Global Investments, LLCSmart money

Notable overlap · 4 shared positions

$ITUB $BAP $AMX $GGAL

$2.7B

12 positions

#24Ravenswood Partners LPPassive

Notable overlap · 3 shared positions

$NU $SE $MELI

$271M

35 positions

#25DISCOVERY CAPITAL MANAGEMENT, LLC / CTPassive

Some overlap · 5 shared positions

$CX $BAP $NU $AMX $GGAL

$1.9B

77 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.