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 ALPS ADVISORS

13F Portfolio OverlapQ1 2026ALPS ADVISORS portfolio →

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Most similar hedge funds by 13F overlap

ALPS ADVISORS INC is an institutional investor managing $21.3B across 1,037 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 ALPS ADVISORS are Fractal Investments, INFRASTRUCTURE ADVISORS,, LONGFELLOW INVESTMENT, with shared positions in $ET, $EPD, $PAA, $WES, $MPLX, $HESM. The full ranking of 25 similar funds is below.

#1Fractal Investments LLCActive

Highly similar · 15 shared positions

$ET $EPD $PAA $WES $MPLX $HESM

$845M

81 positions

#2INFRASTRUCTURE CAPITAL ADVISORS, LLCActive

Highly similar · 14 shared positions

$ET $PAA $SUN $MPLX $EPD $WES

$1.4B

149 positions

#3LONGFELLOW INVESTMENT MANAGEMENT CO LLCPassive

Highly similar · 8 shared positions

$ET $EPD $WES $MPLX $PAA $HESM

$480M

243 positions

#4WALNUT PRIVATE EQUITY PARTNERS, LLCSmart money

Substantial overlap · 6 shared positions

$ET $SUN $PAA $MPLX $EPD $USAC

$181M

14 positions

#5Heronetta Management, L.P.Active

Substantial overlap · 8 shared positions

$ET $EPD $WES $MPLX $HESM $CQP

$110M

16 positions

#6TORTOISE CAPITAL ADVISORS, L.L.C.Active

Substantial overlap · 10 shared positions

$ET $MPLX $EPD $WES $PAA $HESM

$9.6B

90 positions

#7KAYNE ANDERSON CAPITAL ADVISORS LPActive

Substantial overlap · 10 shared positions

$ET $EPD $MPLX $WES $PAA $HESM

$5.2B

48 positions

#8Energy Income Partners, LLCActive

Substantial overlap · 7 shared positions

$EPD $ET $MPLX $SUN $CQP $OKE

$6.2B

87 positions

#9BERKLEY W R CORPActive

Substantial overlap · 5 shared positions

$ET $EPD $PAA $WES $KMI

$1.9B

345 positions

#10CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENTActive

Substantial overlap · 6 shared positions

$ET $MPLX $WES $EPD $OKE $KMI

$2.0B

66 positions

#11RR Advisors, LLCActive

Notable overlap · 7 shared positions

$ET $EPD $MPLX $GEL $WES $PAA

$360M

27 positions

#12Recurrent Investment Advisors LLCActive

Notable overlap · 8 shared positions

$ET $SUN $EPD $WES $NEM $OKE

$1.7B

67 positions

#13EAGLE GLOBAL ADVISORS LLCActive

Notable overlap · 8 shared positions

$EPD $ET $MPLX $PAA $WES $HESM

$2.8B

276 positions

#14Blackstone Inc.Active

Notable overlap · 10 shared positions

$MPLX $EPD $CQP $ET $PAA $WES

$25.6B

417 positions

#15SL ADVISORS, LLCActive

Notable overlap · 6 shared positions

$ET $EPD $MPLX $WES $OKE $KMI

$59M

32 positions

#16MILLER HOWARD INVESTMENTS INC /NYActive

Notable overlap · 8 shared positions

$MPLX $EPD $ET $WES $PAA $HESM

$3.7B

138 positions

#17Adams Asset Advisors, LLCActive

Notable overlap · 8 shared positions

$SUN $ET $PAA $EPD $WES $MPLX

$891M

88 positions

#18Sovereign Investment Advisors, LLCActive

Notable overlap · 6 shared positions

$MPLX $EPD $PAA $WES $SUN $OKE

$472M

106 positions

#19ELCO Management Co., LLCPassive

Notable overlap · 7 shared positions

$ET $MPLX $PAA $GEL $WES $EPD

$208M

170 positions

#20COOPERMAN LEON GActive

Notable overlap · 3 shared positions

$ET $SUN $EPD

$3.0B

41 positions

#21AMERICAN FINANCIAL GROUP INCActive

Notable overlap · 7 shared positions

$EPD $PAA $ET $MPLX $SUN $OKE

$270M

71 positions

#22Progeny 3, Inc.Active

Notable overlap · 4 shared positions

$EPD $MPLX $ET $CCJ

$1.9B

32 positions

#23BASSO CAPITAL MANAGEMENT, L.P.Active

Notable overlap · 10 shared positions

$MPLX $ET $EPD $WES $PAA $HESM

$163M

137 positions

#24OUTFITTERS FINANCIAL LLCPassive

Notable overlap · 4 shared positions

$EPD $ET $MPLX $OKE

$129M

80 positions

#25Castellan GroupSmart money

Notable overlap · 3 shared positions

$MPLX $HESM $DKL

$726M

37 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.