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Hedge Funds Similar to Watershed Asset , L.L.C.

13F Portfolio OverlapQ2 2026Watershed Asset , L.L.C. portfolio →
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Most similar hedge funds by 13F overlap

Watershed Asset Management, L.L.C. is an institutional investor managing $112M across 116 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 Watershed Asset , L.L.C. are Castlefield Investment Partners LLP, Sunstone Asset, Local Pensions Partnership Investment Ltd, with shared positions in $MCO, $TMO, $SHOP, $KLAC, $SE, $DASH. The full ranking of 25 similar funds is below.

#1Castlefield Investment Partners LLPActive
Notable overlap · 4 shared positions
$MCO$TMO$SHOP$KLAC
$147M
35 positions
#2Sunstone Asset Management, L.P.Passive
Notable overlap · 6 shared positions
$SE$DASH$ADI$TER$KLAC$SHOP
$92M
57 positions
#3Local Pensions Partnership Investment LtdActive
Notable overlap · 4 shared positions
$MCO$TMO$KLAC$CDW
$4.8B
32 positions
#4ALKEON CAPITAL MANAGEMENT LLCSmart money
Notable overlap · 5 shared positions
$KLAC$TER$ADI$DASH$SHOP
$74.1B
109 positions
#5Longview Partners (Guernsey) LTDActive
Notable overlap · 3 shared positions
$TMO$MCO$CDW
$6.2B
23 positions
#6Ironvine Capital Partners, LLCActive
Notable overlap · 3 shared positions
$MCO$TMO$ADI
$1.1B
57 positions
#7PineStone Asset Management Inc.Active
Notable overlap · 3 shared positions
$MCO$KLAC$ADI
$16.2B
44 positions
#8Tenere Capital LLCActive
Notable overlap · 3 shared positions
$TMO$SHOP$ADI
$126M
23 positions
#9LATHROP INVESTMENT MANAGEMENT COActive
Some overlap · 4 shared positions
$TMO$ADI$TER$ADBE
$565M
89 positions
#10Freshford Capital Management, LLCActive
Some overlap · 3 shared positions
$TMO$RGEN$GDDY
$292M
22 positions
#11WEITZ INVESTMENT MANAGEMENT, INC.Active
Some overlap · 4 shared positions
$TMO$ADI$EEFT$RGEN
$1.4B
50 positions
#12PROFESSIONAL ADVISORY SERVICES INCActive
Some overlap · 3 shared positions
$TMO$ADI$ADBE
$836M
93 positions
#13KP Management LLCPassive
Some overlap · 4 shared positions
$KLAC$TER$MCO$TMO
$532M
86 positions
#14Baer Investment Advisory LLCPassive
Some overlap · 3 shared positions
$ADI$SHOP$TMO
$119M
43 positions
#15Durable Capital Partners LPActive
Some overlap · 3 shared positions
$DASH$SHOP$WRBY
$10.3B
36 positions
#16PARNASSUS INVESTMENTS, LLCActive
Some overlap · 3 shared positions
$KLAC$TMO$DASH
$37.4B
135 positions
#17Fiera Capital CorpActive
Some overlap · 3 shared positions
$MCO$KLAC$ADI
$27.6B
401 positions
#18BAILLIE GIFFORD & COActive
Some overlap · 3 shared positions
$SE$SHOP$DASH
$110.2B
273 positions
#19Rafferty Asset Management, LLCActive
Some overlap · 3 shared positions
$KLAC$ADI$TER
$43.9B
1,133 positions
#20CAMPBELL NEWMAN ASSET MANAGEMENT INCActive
Some overlap · 3 shared positions
$ADI$KLAC$MCO
$1.3B
99 positions
#21NZS Capital, LLCActive
Some overlap · 3 shared positions
$KLAC$SHOP$DASH
$3.9B
61 positions
#22Canoe Financial LPActive
Some overlap · 3 shared positions
$MCO$TMO$ADI
$8.1B
110 positions
#23NORRIS PERNE & FRENCH LLP/MISmart money
Some overlap · 4 shared positions
$KLAC$MCO$TMO$ADBE
$1.7B
147 positions
#24INVESCO, LLCActive
Some overlap · 3 shared positions
$KLAC$ADI$TMO
$323M
133 positions
#25WASHINGTON TRUST CoPassive
Some overlap · 3 shared positions
$KLAC$TMO$ADI
$3.2B
296 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.