What hedge funds are most similar to TANG CAPITAL MANAGEMENT LLC?

The funds with the most similar 13F portfolios to TANG CAPITAL MANAGEMENT LLC are Palo Alto Investors, RTW INVESTMENTS,, VR Adviser,, based on overlapping conviction holdings in the latest SEC filings.

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 TANG

13F Portfolio OverlapQ1 2026TANG portfolio →

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Most similar hedge funds by 13F overlap

TANG CAPITAL MANAGEMENT LLC is an institutional investor managing $2.0B across 51 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 TANG are Palo Alto Investors, RTW INVESTMENTS,, VR Adviser,, with shared positions in $PTCT, $MIRM, $ANAB, $INSM, $CMPX, $CAPR. The full ranking of 25 similar funds is below.

#1Palo Alto Investors LPActive

Notable overlap · 10 shared positions

$PTCT $MIRM $ANAB $INSM $CMPX $CAPR

$654M

51 positions

#2RTW INVESTMENTS, LPActive

Notable overlap · 8 shared positions

$PTCT $CELC $TARS $INSM $SYRE $IMCR

$10.0B

88 positions

#3VR Adviser, LLCSmart money

Notable overlap · 5 shared positions

$SYRE $KALV $VRDN $DNTH $CBIO

$2.7B

33 positions

#4SILVERARC CAPITAL MANAGEMENT, LLCActive

Notable overlap · 7 shared positions

$CELC $KALV $DNTH $SYRE $INSM $BIIB

$980M

73 positions

#5Ally Bridge Group (NY) LLCActive

Notable overlap · 5 shared positions

$CMPX $TARS $CAPR $CMPS $URGN

$124M

27 positions

#6First Turn Management, LLCActive

Notable overlap · 6 shared positions

$MIRM $CELC $INSM $VRDN $DNTH $IDYA

$895M

33 positions

#7Parkman Healthcare Partners LLCActive

Notable overlap · 6 shared positions

$KALV $PTCT $ANIP $KNSA $VRDN $STOK

$970M

90 positions

#8Boxer Capital Management, LLCSmart money

Notable overlap · 7 shared positions

$CELC $CAPR $PTCT $CORT $PGEN $CBIO

$762M

54 positions

#9KOTLER KEVIN

Notable overlap · 4 shared positions

$AUPH $LKFT $PTCT $PLRX

$427M

38 positions

#10Sio Capital Management, LLCActive

Notable overlap · 5 shared positions

$CELC $CORT $ANIP $DNTH $CMPS

$697M

76 positions

#11BAKER BROS. ADVISORS LPSmart money

Notable overlap · 9 shared positions

$CELC $INSM $KNSA $IDYA $STOK $DNTH

$17.4B

84 positions

#12Spruce Street Capital LPActive

Notable overlap · 3 shared positions

$KNSA $KALV $DNTH

$416M

28 positions

#13Soleus Capital Management, L.P.Active

Notable overlap · 4 shared positions

$CELC $ANIP $MIRM $KNSA

$2.5B

93 positions

#14Paradigm Biocapital Advisors LPActive

Notable overlap · 6 shared positions

$TARS $INSM $SYRE $VRDN $MIRM $URGN

$4.9B

35 positions

#15Affinity Asset Advisors, LLCActive

Notable overlap · 4 shared positions

$SYRE $ANAB $INSM $DNTH

$1.9B

105 positions

#16Frazier Life Sciences Management, L.P.Smart money

Notable overlap · 4 shared positions

$MIRM $KALV $TARS $IMCR

$3.9B

38 positions

#17HealthInvest Partners ABActive

Notable overlap · 6 shared positions

$MIRM $INSM $CELC $SYRE $CMPX $IDYA

$310M

39 positions

#18BVF INC/ILActive

Notable overlap · 5 shared positions

$MIRM $CMPX $IMCR $CBIO $STOK

$3.1B

41 positions

#19Patient Square Capital LPSmart money

Notable overlap · 5 shared positions

$MIRM $INSM $CELC $DNTH $SYRE

$564M

29 positions

#20Fairmount Funds Management LLCSmart money

Notable overlap · 4 shared positions

$SYRE $VRDN $DNTH $CBIO

$1.4B

12 positions

#21Jones Hill Capital LPActive

Notable overlap · 3 shared positions

$CAPR $ANIP $NUVB

$466M

26 positions

#22Rock Springs Capital Management LPActive

Notable overlap · 4 shared positions

$MIRM $INSM $CMPX $TARS

$1.7B

100 positions

#23Birchview Capital, LPActive

Notable overlap · 5 shared positions

$CMPX $CMPS $CORT $STOK $KALV

$176M

73 positions

#24MPM BioImpact LLCActive

Notable overlap · 6 shared positions

$CORT $TARS $DNTH $VRDN $STOK $URGN

$1.3B

41 positions

#25SUVRETTA CAPITAL MANAGEMENT, LLCActive

Some overlap · 3 shared positions

$CAPR $KALV $CMPX

$3.9B

89 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.