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 PERCEPTIVE ADVISORS

13F Portfolio OverlapQ1 2026PERCEPTIVE ADVISORS portfolio →

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Most similar hedge funds by 13F overlap

PERCEPTIVE ADVISORS LLC is an institutional investor managing $5.1B across 94 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 PERCEPTIVE ADVISORS are Affinity Asset Advisors,, SILVERARC ,, Cormorant Asset ,, with shared positions in $ROIV, $SYRE, $CNTA, $PRAX, $APGE, $NUVL. The full ranking of 25 similar funds is below.

#1Affinity Asset Advisors, LLCActive

Substantial overlap · 12 shared positions

$ROIV $SYRE $CNTA $PRAX $APGE $NUVL

$1.9B

105 positions

#2SILVERARC CAPITAL MANAGEMENT, LLCActive

Substantial overlap · 11 shared positions

$CELC $ASND $NUVL $RYTM $PRAX $CNTA

$980M

73 positions

#3Cormorant Asset Management, LPActive

Substantial overlap · 9 shared positions

$PRAX $EWTX $CNTA $ORKA $ASND $ROIV

$2.0B

47 positions

#4RA CAPITAL MANAGEMENT, L.P.Smart money

Substantial overlap · 9 shared positions

$ASND $RYTM $EWTX $NUVL $BCRX $PRAX

$9.4B

85 positions

#5KVP Capital Advisors, LPActive

Notable overlap · 6 shared positions

$PRAX $EWTX $PTGX $TVTX $DRUG $CELC

$134M

32 positions

#6StemPoint Capital LPActive

Notable overlap · 11 shared positions

$PRAX $ROIV $AMLX $EWTX $DYN $SYRE

$515M

82 positions

#7Vestal Point Capital, LPActive

Notable overlap · 13 shared positions

$APGE $ASND $IMTX $DYN $BCRX $NUVL

$3.6B

90 positions

#8BAKER BROS. ADVISORS LPSmart money

Notable overlap · 11 shared positions

$CELC $PRAX $RYTM $EWTX $IMVT $ROIV

$17.4B

84 positions

#9First Turn Management, LLCActive

Notable overlap · 7 shared positions

$ROIV $NUVL $CELC $APGE $ASND $PRAX

$895M

33 positions

#10RTW INVESTMENTS, LPActive

Notable overlap · 11 shared positions

$CELC $PTGX $APGE $SYRE $IMTX $ORKA

$10.0B

88 positions

#11BRAIDWELL LPPassive

Notable overlap · 12 shared positions

$CNTA $EWTX $NUVL $SYRE $APGE $DYN

$3.0B

88 positions

#12HighVista Strategies LLCPassive

Notable overlap · 13 shared positions

$PRAX $SYRE $NUVL $AMLX $RLAY $ORKA

$362M

156 positions

#13Avoro Capital Advisors LLCActive

Notable overlap · 4 shared positions

$ASND $CNTA $CELC $DMRA

$10.2B

32 positions

#14Exome Asset Management LLCPassive

Notable overlap · 7 shared positions

$PRAX $RYTM $RLAY $CTMX $ISRG $IONS

$193M

56 positions

#15Paradigm Biocapital Advisors LPActive

Notable overlap · 7 shared positions

$NUVL $CNTA $EWTX $APGE $SYRE $ORKA

$4.9B

35 positions

#16Ally Bridge Group (NY) LLCActive

Notable overlap · 5 shared positions

$PRAX $EWTX $SLDB $CTMX $ABVX

$124M

27 positions

#17ACUTA CAPITAL PARTNERS, LLCActive

Notable overlap · 3 shared positions

$PRAX $AMLX $DRUG

$142M

27 positions

#18Velan Capital Investment Management LPActive

Notable overlap · 5 shared positions

$PRAX $CTMX $ABVX $PTGX $NRIX

$160M

49 positions

#19TCG Crossover Management, LLCActive

Notable overlap · 8 shared positions

$CNTA $SYRE $AMLX $DYN $BCRX $RLAY

$3.5B

49 positions

#20Commodore Capital LPActive

Notable overlap · 8 shared positions

$SYRE $NUVL $AMLX $RLAY $NRIX $ANRO

$1.7B

36 positions

#21B Group, Inc.Smart money

Notable overlap · 5 shared positions

$PRAX $SYRE $ORKA $DRUG $APGE

$135M

20 positions

#22Logos Global Management LPActive

Notable overlap · 6 shared positions

$PRAX $CNTA $RYTM $DYN $IMVT $ABVX

$2.0B

66 positions

#23Vivo Capital, LLCActive

Notable overlap · 6 shared positions

$PRAX $DYN $ANRO $ABVX $CRVS $DRUG

$1.2B

45 positions

#24PFM Health Sciences, LPActive

Notable overlap · 7 shared positions

$ASND $CNTA $INBX $RYTM $PRAX $ORKA

$1.1B

83 positions

#25ADAR1 Capital Management, LLCPassive

Notable overlap · 9 shared positions

$ROIV $PTGX $RYTM $SYRE $CTMX $AMLX

$1.7B

310 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.