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 THORNBURG INVESTMENT

13F Portfolio OverlapQ1 2026THORNBURG INVESTMENT portfolio →

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Most similar hedge funds by 13F overlap

THORNBURG INVESTMENT MANAGEMENT INC is an institutional investor managing $9.6B across 171 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 THORNBURG INVESTMENT are CAISSE DES DEPOTS ET CONSIGNATIONS, DNCA FINANCE, Provident Living Financial Services,, with shared positions in $TTE, $AZN, $LIN, $ALC, $PFE, $SCHW. The full ranking of 25 similar funds is below.

#1CAISSE DES DEPOTS ET CONSIGNATIONSSmart money

Substantial overlap · 6 shared positions

$TTE $AZN $LIN $ALC $PFE $SCHW

$6.1B

217 positions

#2DNCA FINANCEActive

Notable overlap · 4 shared positions

$TTE $AZN $FER $LIN

$1.7B

105 positions

#3Provident Living Financial Services, Inc.Active

Notable overlap · 3 shared positions

$C $T $FCX

$91M

48 positions

#4Groupe la FrancaisePassive

Notable overlap · 3 shared positions

$TTE $AZN $LIN

$7.3B

455 positions

#5MORGAN DEMPSEY CAPITAL MANAGEMENT LLCPassive

Notable overlap · 4 shared positions

$C $T $CME $MDT

$220M

148 positions

#6SKBA CAPITAL MANAGEMENT LLCActive

Notable overlap · 6 shared positions

$T $CME $C $MDT $PFE $LHX

$728M

79 positions

#7Kazazian Asset Management, LLCActive

Notable overlap · 3 shared positions

$C $BABA $FCX

$92M

43 positions

#8EDENTREE ASSET MANAGEMENT LtdActive

Notable overlap · 4 shared positions

$AZN $CME $MDT $LIN

$332M

65 positions

#9Banque de Luxembourg S.A.Active

Notable overlap · 4 shared positions

$TTE $MDT $AZN $LIN

$193M

75 positions

#10Griffith & Werner, Inc.Active

Notable overlap · 3 shared positions

$C $T $PFE

$202M

72 positions

#11Spectrum Financial Alliance Ltd LLCActive

Notable overlap · 3 shared positions

$C $SCHW $T

$520M

30 positions

#12Huber Capital Management LLCPassive

Notable overlap · 4 shared positions

$C $T $RF $PFE

$647M

99 positions

#13NatWest Group plcActive

Notable overlap · 3 shared positions

$AZN $CME $BKNG

$462M

44 positions

#14CAUSEWAY CAPITAL MANAGEMENT LLCActive

Notable overlap · 5 shared positions

$AZN $CP $C $BABA $PFE

$8.1B

107 positions

#15Evelyn Partners Investment Management LLPActive

Notable overlap · 6 shared positions

$AZN $LIN $TTE $FCX $BKNG $TJX

$3.7B

410 positions

#16CHANNING GLOBAL ADVISORS, LLCActive

Notable overlap · 5 shared positions

$AZN $CP $BABA $BKNG $TJX

$171M

47 positions

#17BANK OF NOVA SCOTIA TRUST COActive

Notable overlap · 6 shared positions

$TRP $ENB $CP $MDT $CME $LIN

$1.2B

161 positions

#18Altrius Capital Management IncPassive

Notable overlap · 5 shared positions

$TTE $AZN $C $LYB $PFE

$503M

87 positions

#19Te Ahumairangi Investment Management LtdActive

Notable overlap · 7 shared positions

$TTE $T $MDT $C $AZN $PFE

$597M

86 positions

#20EQUITY INVESTMENT CORPActive

Notable overlap · 5 shared positions

$TTE $T $MDT $SCHW $ADBE

$5.1B

71 positions

#21MILLER HOWARD INVESTMENTS INC /NYActive

Notable overlap · 5 shared positions

$TRP $ENB $MDT $CME $C

$3.7B

138 positions

#22GQG Partners LLCActive

Notable overlap · 4 shared positions

$T $ENB $TRP $CME

$63.1B

81 positions

#23Exane Asset ManagementActive

Notable overlap · 6 shared positions

$AZN $LIN $FER $TTE $ALC $BKNG

$489M

32 positions

#24ABN AMRO Bank N.V.Active

Notable overlap · 4 shared positions

$AZN $TTE $LIN $TJX

$9.3B

228 positions

#25Nexus Investment Management ULCActive

Notable overlap · 4 shared positions

$C $MDT $PFE $T

$715M

70 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.