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 WHITEBOX ADVISORS

13F Portfolio OverlapQ1 2026WHITEBOX ADVISORS portfolio →

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Most similar hedge funds by 13F overlap

WHITEBOX ADVISORS LLC is an institutional investor managing $8.1B across 568 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 WHITEBOX ADVISORS are Sculptor, LINDEN ADVISORS, Aequim Alternative Investments, with shared positions in $LITE, $WDC, $ECHO, $MSTR, $BABA, $SNOW. The full ranking of 25 similar funds is below.

#1Sculptor Capital LPPassive

Substantial overlap · 8 shared positions

$LITE $WDC $ECHO $MSTR $BABA $SNOW

$9.6B

363 positions

#2LINDEN ADVISORS LPPassive

Substantial overlap · 10 shared positions

$LITE $MSTR $APLD $SPHR $UPST $LEU

$17.9B

563 positions

#3Aequim Alternative Investments LPActive

Substantial overlap · 6 shared positions

$WDC $ECHO $SNOW $BABA $TCOM $RIVN

$5.2B

102 positions

#4CSS LLC/ILPassive

Substantial overlap · 7 shared positions

$LITE $ECHO $MARA $SNOW $PEN $MSTR

$2.1B

961 positions

#5Boussard & Gavaudan Investment Management LLPActive

Substantial overlap · 5 shared positions

$WDC $SNOW $WBD $PEN $LBRDA

$1.1B

89 positions

#6Amanah Holdings TrustSmart money

Substantial overlap · 3 shared positions

$LITE $WDC $ECHO

$908M

20 positions

#7Trivest Advisors LtdSmart money

Substantial overlap · 4 shared positions

$LITE $WDC $ECHO $TCOM

$1.4B

29 positions

#8WT Asset Management LtdSmart money

Notable overlap · 5 shared positions

$LITE $WDC $TCOM $BABA $COIN

$4.8B

32 positions

#9Context Capital Management, LLCPassive

Notable overlap · 10 shared positions

$ECHO $MSTR $MARA $APLD $UPST $RIVN

$4.3B

392 positions

#10Maytree Asset Management LtdActive

Notable overlap · 3 shared positions

$LITE $ECHO $TCOM

$141M

20 positions

#11AI-Squared Management LtdActive

Notable overlap · 3 shared positions

$LITE $TCOM $BABA

$137M

19 positions

#12Dilation Capital Management LPActive

Notable overlap · 3 shared positions

$LITE $ECHO $WDC

$199M

20 positions

#13LMR Partners LLPActive

Notable overlap · 9 shared positions

$ECHO $BABA $MSTR $RIVN $PEN $GTLS

$45.4B

1,417 positions

#14CAPSTONE INVESTMENT ADVISORS, LLCActive

Notable overlap · 8 shared positions

$LITE $WDC $ECHO $WBD $WBS $MARA

$57.4B

1,558 positions

#15AQR Arbitrage LLCPassive

Notable overlap · 9 shared positions

$GTLS $PEN $WBS $TCOM $MSTR $LBRDA

$6.1B

556 positions

#16ARISTEIA CAPITAL, L.L.C.Passive

Notable overlap · 7 shared positions

$MSTR $BABA $MARA $LBRDA $SNOW $HEI

$4.8B

696 positions

#17WOLVERINE ASSET MANAGEMENT LLCPassive

Notable overlap · 6 shared positions

$MSTR $BABA $TCOM $COIN $RIVN $IREN

$10.4B

1,678 positions

#18Marex Group plcPassive

Notable overlap · 5 shared positions

$LITE $MSTR $APLD $MARA $IREN

$15.8B

1,007 positions

#19MACKAY SHIELDS LLCPassive

Notable overlap · 3 shared positions

$LITE $WDC $SNOW

$2.7B

111 positions

#20DAVIDSON KEMPNER CAPITAL MANAGEMENT LPActive

Notable overlap · 5 shared positions

$ECHO $BABA $SNOW $TCOM $RIVN

$7.3B

231 positions

#21Panoramic Capital, LLCPassive

Notable overlap · 4 shared positions

$LITE $SNOW $WOLF $W

$142M

38 positions

#22DYMON ASIA CAPITAL (SINGAPORE) PTE. LTD.Passive

Notable overlap · 4 shared positions

$LITE $BABA $TCOM $COIN

$976M

229 positions

#23Slotnik Capital, LLCActive

Notable overlap · 8 shared positions

$GTLS $PEN $WBS $LBRDA $TERN $VAL

$342M

27 positions

#24Marathon Trading Investment Management LLCActive

Notable overlap · 6 shared positions

$MSTR $BABA $MARA $RIVN $APLD $COIN

$3.7B

294 positions

#25Benefit Street Partners LLCActive

Notable overlap · 6 shared positions

$ECHO $COIN $JBLU $SNOW $MSTR $FLNC

$86M

19 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.