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 Watershed Asset , L.L.C.

13F Portfolio OverlapQ1 2026Watershed Asset , L.L.C. portfolio →

Institutional-grade research for retail investors

Most similar hedge funds by 13F overlap

Watershed Asset Management, L.L.C. is an institutional investor managing $96M across 118 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 Watershed Asset , L.L.C. are Castlefield Investment Partners LLP, Broad Run Investment ,, Guinness Atkinson Asset, with shared positions in $MCO, $TMO, $MELI, $KLAC, $INTC, $MKL. The full ranking of 25 similar funds is below.

#1Castlefield Investment Partners LLPActive

Notable overlap · 5 shared positions

$MCO $TMO $MELI $KLAC $INTC

$131M

35 positions

#2Broad Run Investment Management, LLCSmart money

Notable overlap · 3 shared positions

$MKL $AMAT $DHR

$568M

24 positions

#3Guinness Atkinson Asset Management IncPassive

Notable overlap · 5 shared positions

$TMO $AMAT $KLAC $DHR $ADBE

$200M

123 positions

#4Progressive Investment Management CorpActive

Notable overlap · 5 shared positions

$MCO $KLAC $DHR $AMAT $TMO

$379M

58 positions

#5Anther Capital LtdActive

Notable overlap · 5 shared positions

$AMAT $INTC $TER $KLAC $LITE

$3.8B

31 positions

#6Ironvine Capital Partners, LLCActive

Notable overlap · 5 shared positions

$TMO $MCO $DHR $AMAT $ADBE

$910M

56 positions

#7HOWLAND CAPITAL MANAGEMENT LLCActive

Notable overlap · 4 shared positions

$MKL $DHR $TMO $MELI

$2.5B

262 positions

#8Bristol Gate Capital Partners Inc.Active

Notable overlap · 3 shared positions

$TMO $MCO $AMAT

$1.6B

31 positions

#9Alta Park Capital, LPActive

Notable overlap · 4 shared positions

$AMAT $TER $MELI $LITE

$642M

25 positions

#10BARR E S & COActive

Notable overlap · 3 shared positions

$MKL $MCO $ADBE

$1.7B

108 positions

#11NORRIS PERNE & FRENCH LLP/MIActive

Notable overlap · 6 shared positions

$AMAT $DHR $KLAC $MCO $TMO $ADBE

$1.5B

139 positions

#12GENERATION INVESTMENT MANAGEMENT LLPSmart money

Notable overlap · 4 shared positions

$TMO $MELI $DHR $MCO

$11.2B

29 positions

#13WEALTHCARE CAPITAL MANAGEMENT LLCSmart money

Notable overlap · 4 shared positions

$MKL $PSLV $DHR $HUM

$1000M

94 positions

#14OSBORNE PARTNERS CAPITAL MANAGEMENT, LLCActive

Notable overlap · 4 shared positions

$MKL $TMO $DHR $MELI

$1.9B

197 positions

#15PARNASSUS INVESTMENTS, LLCActive

Notable overlap · 4 shared positions

$AMAT $KLAC $TMO $DHR

$34.1B

135 positions

#16KP Management LLCPassive

Notable overlap · 5 shared positions

$KLAC $INTC $TER $LITE $TMO

$409M

83 positions

#17Local Pensions Partnership Investment LtdActive

Notable overlap · 3 shared positions

$TMO $MCO $KLAC

$4.6B

32 positions

#18Buttonwood Financial Advisors Inc.Active

Notable overlap · 5 shared positions

$MKL $TER $AMAT $HUM $ADBE

$299M

108 positions

#19Avanda Investment Management Pte. Ltd.Active

Notable overlap · 4 shared positions

$TMO $AMAT $KLAC $INTC

$63M

24 positions

#20Lafayette Investments, Inc.Active

Notable overlap · 3 shared positions

$MKL $KLAC $ADBE

$494M

158 positions

#21Regency Capital Management Inc.\DEPassive

Notable overlap · 3 shared positions

$MKL $PSLV $ADBE

$224M

60 positions

#22Lincoln Capital LLCActive

Notable overlap · 3 shared positions

$MKL $DHR $MCO

$528M

135 positions

#23Tairen Capital LtdActive

Notable overlap · 4 shared positions

$AMAT $INTC $TER $LITE

$924M

44 positions

#24FC Advisory LLCActive

Notable overlap · 3 shared positions

$MKL $DHR $HUM

$342M

115 positions

#25PYA Waltman Capital, LLCActive

Notable overlap · 3 shared positions

$MKL $DHR $VZ

$361M

67 positions

Compare Watershed Asset , L.L.C.’s portfolio side by side

See the exact shared positions, conviction overlap, sector alignment, and where these funds diverge — and run the same analysis on any of 8,700+ institutions.

View Watershed Asset , L.L.C.’s holdings

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.