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 RATIONAL ADVISORS

13F Portfolio OverlapQ2 2026RATIONAL ADVISORS portfolio →

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Most similar hedge funds by 13F overlap

RATIONAL ADVISORS, INC. is an institutional investor managing $1.1B across 195 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 RATIONAL ADVISORS are PIER 88 INVESTMENT PARTNERS, ADVENT, INCOME RESEARCH, with shared positions in $UBER, $LNT, $GPN, $PPL, $NEE, $WELL. The full ranking of 25 similar funds is below.

#1PIER 88 INVESTMENT PARTNERS LLCPassive

Substantial overlap · 24 shared positions

$UBER $LNT $GPN $PPL $NEE $WELL

$421M

110 positions

#2ADVENT CAPITAL MANAGEMENT /DE/Passive

Substantial overlap · 15 shared positions

$UBER $PPL $NEE $GPN $WFC $MTH

$4.5B

236 positions

#3INCOME RESEARCH & MANAGEMENTPassive

Notable overlap · 10 shared positions

$UBER $LNT $GPN $NEE $WEC $ETSY

$184M

30 positions

#4AEGON USA Investment Management, LLCSmart money

Notable overlap · 10 shared positions

$UBER $GPN $PPL $NEE $WEC $WFC

$140M

42 positions

#5SSI INVESTMENT MANAGEMENT LLCPassive

Notable overlap · 13 shared positions

$NEE $WEC $UBER $WFC $PPL $WDC

$1.7B

248 positions

#6CAMDEN ASSET MANAGEMENT L P /CAActive

Notable overlap · 8 shared positions

$UBER $NEE $WEC $ETSY $LNT $BA

$3.4B

73 positions

#7MACKAY SHIELDS LLCActive

Notable overlap · 8 shared positions

$UBER $ETSY $NEE $DDOG $WDC $BA

$3.0B

108 positions

#8ZAZOVE ASSOCIATES LLCActive

Notable overlap · 8 shared positions

$UBER $PPL $GPN $DDOG $WEC $ON

$1.2B

151 positions

#9Lombard Odier Asset Management (Europe) LtdPassive

Notable overlap · 7 shared positions

$UBER $NEE $DDOG $HALO $ETSY $LNT

$2.3B

212 positions

#10Ovata Capital Management LtdActive

Notable overlap · 6 shared positions

$PPL $WEC $ETSY $UBER $FOUR $SO

$1.3B

43 positions

#11Wellesley Asset ManagementPassive

Notable overlap · 8 shared positions

$GPN $MTH $DDOG $PPL $ETSY $ON

$1.1B

64 positions

#12Ares Systematic Credit LtdPassive

Notable overlap · 8 shared positions

$NEE $GH $ETSY $WEC $WDC $HALO

$165M

242 positions

#13Aequim Alternative Investments LPActive

Notable overlap · 7 shared positions

$WEC $ETSY $GH $WDC $NEE $SO

$6.4B

102 positions

#14SHENKMAN CAPITAL MANAGEMENT INCActive

Notable overlap · 7 shared positions

$WEC $ETSY $DDOG $MTH $UBER $SO

$721M

80 positions

#15KIM, LLCActive

Notable overlap · 7 shared positions

$GPN $ETSY $UBER $DKNG $ON $LNT

$1.0B

69 positions

#16SILVERBACK ASSET MANAGEMENT LLCActive

Notable overlap · 6 shared positions

$UBER $GPN $WEC $HALO $ON $NOTV

$925M

64 positions

#17Virtus Fixed Income Advisers, LLCActive

Notable overlap · 6 shared positions

$WFC $GH $NEE $HALO $WDC $BA

$158M

85 positions

#18Portman Square Capital LLPActive

Some overlap · 8 shared positions

$NEE $GPN $WDC $SO $ARES $ON

$2.1B

94 positions

#19DUFF & PHELPS INVESTMENT MANAGEMENT COActive

Some overlap · 5 shared positions

$WELL $NEE $LNT $PPL $WEC

$10.6B

162 positions

#20CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLCActive

Some overlap · 4 shared positions

$PPL $WELL $WEC $SO

$7.2B

101 positions

#21Energy Income Partners, LLCActive

Some overlap · 5 shared positions

$PPL $WEC $NEE $LNT $SO

$6.4B

88 positions

#22Magellan Asset Management LtdActive

Some overlap · 4 shared positions

$LNT $WEC $NEE $SO

$4.5B

78 positions

#23Calamos Advisors LLCPassive

Some overlap · 9 shared positions

$WDC $BA $ON $SO $NEE $UBER

$30.1B

980 positions

#24Callodine Capital Management, LPActive

Some overlap · 3 shared positions

$GPN $MTH $WFC

$1.5B

63 positions

#25DAVIDSON KEMPNER CAPITAL MANAGEMENT LPPassive

Some overlap · 4 shared positions

$UBER $ETSY $GPN $BA

$8.4B

241 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.