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 HENNESSY ADVISORS

13F Portfolio OverlapQ1 2026HENNESSY ADVISORS portfolio →

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Most similar hedge funds by 13F overlap

HENNESSY ADVISORS INC is an institutional investor managing $3.1B across 325 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 HENNESSY ADVISORS are CUSHING ASSET , dba NXG INVESTMENT, Rithm, TORTOISE ADVISORS, L.L.C., with shared positions in $OKE, $LNG, $WMB, $MTZ, $KMI, $PRIM. The full ranking of 25 similar funds is below.

#1CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENTActive

Notable overlap · 10 shared positions

$OKE $LNG $WMB $MTZ $KMI $PRIM

$2.0B

66 positions

#2Rithm Capital Corp.Active

Notable overlap · 6 shared positions

$MTZ $DY $PRIM $OKE $SO $ACM

$67M

38 positions

#3TORTOISE CAPITAL ADVISORS, L.L.C.Active

Notable overlap · 8 shared positions

$OKE $LNG $WMB $KMI $TRP $SRE

$9.6B

90 positions

#4Maryland State Retirement & Pension SystemPassive

Notable overlap · 8 shared positions

$WMB $LNG $KMI $OKE $TRP $SRE

$4.9B

1,352 positions

#5KAYNE ANDERSON CAPITAL ADVISORS LPActive

Some overlap · 7 shared positions

$OKE $LNG $WMB $KMI $TRP $SRE

$5.2B

48 positions

#6Energy Income Partners, LLCActive

Some overlap · 7 shared positions

$OKE $LNG $WMB $KMI $SRE $ATO

$6.2B

87 positions

#7Merewether Investment Management, LPActive

Some overlap · 6 shared positions

$PRIM $MTZ $LNG $WMB $SRE $EQT

$5.2B

79 positions

#8SL ADVISORS, LLCActive

Some overlap · 6 shared positions

$OKE $LNG $WMB $KMI $TRP $ENB

$59M

32 positions

#9Blackstone Inc.Active

Some overlap · 6 shared positions

$OKE $LNG $WMB $KMI $TRP $ENB

$25.6B

417 positions

#10WESTWOOD HOLDINGS GROUP INCPassive

Some overlap · 6 shared positions

$LNG $WMB $KMI $OKE $TRP $ENB

$13.7B

461 positions

#11140 Summer Partners LPActive

Some overlap · 3 shared positions

$MTZ $ECHO $VSAT

$1.6B

25 positions

#12MILLER HOWARD INVESTMENTS INC /NYActive

Some overlap · 6 shared positions

$LNG $WMB $KMI $TRP $ENB $VZ

$3.7B

138 positions

#13Ausbil Investment Management LtdPassive

Some overlap · 6 shared positions

$OKE $LNG $WMB $ENB $ATO $SANM

$201M

63 positions

#14Fractal Investments LLCActive

Some overlap · 6 shared positions

$OKE $LNG $WMB $KMI $TRP $ENB

$845M

81 positions

#15DUFF & PHELPS INVESTMENT MANAGEMENT COActive

Some overlap · 6 shared positions

$WMB $LNG $TRP $SRE $ATO $SO

$9.6B

148 positions

#16Freedom Day Solutions, LLCActive

Some overlap · 4 shared positions

$CASY $PRIM $LNG $WMB

$373M

96 positions

#17Partners Group Holding AGActive

Some overlap · 6 shared positions

$WMB $TRP $SRE $ENB $ATO $KMI

$1.4B

50 positions

#18Recurrent Investment Advisors LLCActive

Some overlap · 5 shared positions

$OKE $LNG $WMB $KMI $ENB

$1.7B

67 positions

#19Blue Line Capital, LLC / ILPassive

Some overlap · 4 shared positions

$MTZ $LDOS $LNG $KMI

$88M

65 positions

#20Heronetta Management, L.P.Active

Some overlap · 6 shared positions

$OKE $WMB $KMI $ENB $TRP $LNG

$110M

16 positions

#21First Washington CORPActive

Some overlap · 3 shared positions

$MTZ $DY $GVA

$353M

50 positions

#22Hill City Capital, LPSmart money

Some overlap · 3 shared positions

$MTZ $DY $GVA

$2.8B

23 positions

#23BRUNI J V & CO /COActive

Some overlap · 4 shared positions

$MTZ $PRIM $NXST $KMI

$958M

31 positions

#24CARRONADE CAPITAL MANAGEMENT, LPSmart money

Some overlap · 3 shared positions

$ECHO $VSAT $VISN

$7.7B

32 positions

#25SIR Capital Management, L.P.Passive

Some overlap · 5 shared positions

$OKE $KMI $MTZ $TRP $SRE

$1.1B

88 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.