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 MMCAP International SPC

13F Portfolio OverlapQ2 2026MMCAP International SPC portfolio →

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Most similar hedge funds by 13F overlap

MMCAP International Inc. SPC is an institutional investor managing $1.2B across 303 U.S. equity positions as of Q2 2026. Based on the overlap of conviction holdings in their latest 13F filings, the hedge funds with portfolios most similar to MMCAP International SPC are Wealthspring, HGC Investment, Crossingbridge Advisors, with shared positions in $CGCF, $RDAG, $LPAA, $NPAC, $IPCX, $IRHO. The full ranking of 25 similar funds is below.

#1Wealthspring Capital LLCPassive

Substantial overlap · 16 shared positions

$CGCF $RDAG $LPAA $NPAC $IPCX $IRHO

$448M

208 positions

#2HGC Investment Management Inc.Passive

Substantial overlap · 16 shared positions

$CGCF $RDAG $MZYX $WLCO $CEPF $CAES

$507M

184 positions

#3Crossingbridge Advisors, LLCPassive

Notable overlap · 7 shared positions

$DMII $FERA $RDAG $IPCX $WENN $SBXD

$567M

152 positions

#4Kepos Capital LPPassive

Notable overlap · 6 shared positions

$DMII $CGCF $MZYX $WLCO $CUB $CEPV

$73M

184 positions

#5METEORA CAPITAL, LLCPassive

Notable overlap · 9 shared positions

$RDAG $HCMA $CEPV $BLZR $CAES $MBVI

$1.2B

443 positions

#6RLH Capital LLCPassive

Notable overlap · 8 shared positions

$IPCX $FERA $NPAC $CAES $CUB $SBXD

$209M

130 positions

#7L1 Global Manager Pty LtdPassive

Notable overlap · 6 shared positions

$CGCF $IACO $RDAG $DMII $IRHO $CUB

$142M

121 positions

#8TT International Asset Management LTDActive

Notable overlap · 3 shared positions

$ARIS $SE $MELI

$783M

49 positions

#9GRITSTONE ASSET MANAGEMENT LLCPassive

Notable overlap · 7 shared positions

$RDAG $CGCF $WENN $GHXI $SHOT $ISNR

$104M

174 positions

#10Governors Lane LPPassive

Some overlap · 7 shared positions

$FERA $HCMA $RDAG $CEPV $CEPF $NPAC

$1.2B

203 positions

#11Harraden Circle Investments, LLCPassive

Some overlap · 6 shared positions

$CEPF $CEPV $CUB $FCRS $GHXI $CAES

$784M

236 positions

#12RiverPark Advisors, LLCPassive

Some overlap · 4 shared positions

$FERA $LPAA $IPCX $SBXD

$219M

141 positions

#13Lineage Point Capital LPPassive

Some overlap · 5 shared positions

$DMII $WENN $FCRS $BLZR $GHXI

$487M

371 positions

#14HEIGHTS CAPITAL MANAGEMENT, INCPassive

Some overlap · 5 shared positions

$DMII $IRHO $GHXI $FERA $ISNR

$433M

323 positions

#15Radcliffe Capital Management, L.P.Passive

Some overlap · 8 shared positions

$WENN $HCMA $NPAC $MBVI $BLZR $CEPF

$1.3B

450 positions

#16MOZAYYX MANAGEMENT LLCActive

Some overlap · 4 shared positions

$WLCO $CAES $ZONE $FCRS

$104M

19 positions

#17GeoSphere Capital Management, LLCActive

Some overlap · 3 shared positions

$ARIS $DNN $NXE

$306M

46 positions

#18Mercuria Capital Strategies, LLCActive

Some overlap · 3 shared positions

$DMII $IPCX $CEPF

$163M

23 positions

#19Arvin Capital Management LPPassive

Some overlap · 3 shared positions

$TAC $SE $STM

$766M

51 positions

#20BERKLEY W R CORPPassive

Some overlap · 4 shared positions

$IPCX $SBXD $LPAA $NPAC

$2.1B

342 positions

#21MOON CAPITAL MANAGEMENT LPSmart money

Some overlap · 3 shared positions

$APTV $GM $SE

$148M

14 positions

#22First Trust Capital Management L.P.Active

Some overlap · 5 shared positions

$LPAA $DMII $CEPF $CUB $CEPV

$1.7B

161 positions

#23Slate Path Capital LPActive

Some overlap · 3 shared positions

$APTV $STM $SNAP

$7.2B

40 positions

#24Mint Tower Capital Management B.V.Active

Some overlap · 5 shared positions

$HCMA $NPAC $MBVI $IPCX $FERA

$871M

346 positions

#25OAKTREE CAPITAL MANAGEMENT LPActive

Slight overlap · 3 shared positions

$SE $SNAP $TAC

$7.2B

145 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.