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 TENOR ,

13F Portfolio OverlapQ1 2026TENOR , portfolio →

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Most similar hedge funds by 13F overlap

TENOR CAPITAL MANAGEMENT Co., L.P. is an institutional investor managing $6.5B across 501 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 TENOR , are MACKAY SHIELDS, DeepCurrents Investment Group, CAMDEN ASSET L P /CA, with shared positions in $LITE, $MIRM, $LYV, $AKAM, $IRTC, $ON. The full ranking of 25 similar funds is below.

#1MACKAY SHIELDS LLCPassive

Substantial overlap · 15 shared positions

$LITE $MIRM $LYV $AKAM $IRTC $ON

$2.7B

111 positions

#2DeepCurrents Investment Group LLCPassive

Substantial overlap · 17 shared positions

$TDOC $CNMD $RPD $ETSY $IRTC $SHAK

$3.1B

142 positions

#3CAMDEN ASSET MANAGEMENT L P /CAActive

Substantial overlap · 15 shared positions

$TDOC $CNMD $VTR $U $NTNX $ETSY

$2.9B

69 positions

#4Opti Capital Management, LPActive

Notable overlap · 12 shared positions

$TDOC $CNMD $RPD $BMRN $SHAK $ETSY

$1.4B

36 positions

#5Warberg Asset Management LLCActive

Notable overlap · 12 shared positions

$LITE $VTR $LYV $HALO $SNOW $STX

$600M

192 positions

#6Aequim Alternative Investments LPActive

Notable overlap · 12 shared positions

$AKAM $VTR $ETSY $UGI $LYV $SNOW

$5.2B

102 positions

#7CSS LLC/ILPassive

Notable overlap · 8 shared positions

$LITE $JAZZ $LYV $AKAM $SNOW $LRN

$2.1B

961 positions

#8Sculptor Capital LPPassive

Notable overlap · 7 shared positions

$LITE $LYV $SNOW $MSTR $ON $MKSI

$9.6B

363 positions

#9SSI INVESTMENT MANAGEMENT LLCPassive

Notable overlap · 12 shared positions

$LYV $JAZZ $VTR $ON $SNOW $NET

$1.4B

240 positions

#10LINDEN ADVISORS LPPassive

Notable overlap · 7 shared positions

$LITE $JAZZ $COLL $MSTR $LRN $MKSI

$17.9B

563 positions

#11ABSOLUTE INVESTMENT ADVISERS, LLCPassive

Notable overlap · 10 shared positions

$AKAM $JAZZ $NTNX $ON $HALO $BSY

$852M

122 positions

#12STEELHEAD PARTNERS LLCActive

Notable overlap · 8 shared positions

$AKAM $NTNX $IRTC $ON $HALO $NET

$1.4B

24 positions

#13Ares Systematic Credit LtdPassive

Notable overlap · 9 shared positions

$AKAM $ETSY $SNOW $DOCN $LITE $U

$127M

150 positions

#14Panoramic Capital, LLCPassive

Notable overlap · 5 shared positions

$LITE $ON $HALO $STX $SNOW

$142M

38 positions

#15Science & Technology Partners, L.P.Active

Notable overlap · 5 shared positions

$LITE $DOCN $AKAM $NET $STX

$382M

43 positions

#16SHENKMAN CAPITAL MANAGEMENT INCPassive

Notable overlap · 7 shared positions

$AKAM $ETSY $NTNX $ON $MSTR $JBTM

$831M

81 positions

#17CAPSTONE INVESTMENT ADVISORS, LLCActive

Notable overlap · 9 shared positions

$LITE $NET $MIRM $BMRN $CNMD $RPD

$57.4B

1,558 positions

#18ADVENT CAPITAL MANAGEMENT /DE/Passive

Notable overlap · 9 shared positions

$VTR $AKAM $LYV $SNOW $MSTR $LNTH

$3.6B

215 positions

#19Talos Eurisko Asset Management LPActive

Notable overlap · 4 shared positions

$LITE $AKAM $MKSI $MCHP

$585M

23 positions

#20KIM, LLCActive

Notable overlap · 8 shared positions

$NTNX $LYV $ON $AKAM $SNOW $ZD

$976M

64 positions

#21WHITEBOX ADVISORS LLCActive

Notable overlap · 4 shared positions

$LITE $SNOW $MSTR $PTCT

$8.1B

568 positions

#22BERKSHIRE CAPITAL HOLDINGS INCActive

Notable overlap · 4 shared positions

$LITE $DOCN $NET $STX

$277M

114 positions

#23Goldstream Capital Management LtdActive

Notable overlap · 3 shared positions

$LITE $STX $NET

$120M

30 positions

#24WT Asset Management LtdSmart money

Notable overlap · 3 shared positions

$LITE $STX $U

$4.8B

32 positions

#25Boussard & Gavaudan Investment Management LLPActive

Notable overlap · 8 shared positions

$LYV $ON $SNOW $IRTC $STX $POST

$1.1B

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.