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 Arrow Investment Advisors,

13F Portfolio OverlapQ1 2026Arrow Investment Advisors, portfolio →

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Most similar hedge funds by 13F overlap

Arrow Investment Advisors, LLC is an institutional investor managing $94M across 59 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 Arrow Investment Advisors, are Fractal Investments, TORTOISE ADVISORS, L.L.C., ALPS ADVISORS, with shared positions in $PAA, $CQP, $EPD, $SUN, $HESM, $GEL. The full ranking of 25 similar funds is below.

#1Fractal Investments LLCActive

Some overlap · 11 shared positions

$PAA $CQP $EPD $SUN $HESM $GEL

$845M

81 positions

#2TORTOISE CAPITAL ADVISORS, L.L.C.Active

Some overlap · 9 shared positions

$AM $PAGP $PAA $CQP $EPD $SUN

$9.6B

90 positions

#3ALPS ADVISORS INCActive

Some overlap · 9 shared positions

$PAA $CQP $EPD $SUN $HESM $GEL

$21.3B

1,037 positions

#4Pinnacle Holdings, LLCPassive

Some overlap · 8 shared positions

$KNTK $AM $PAGP $EPD $HESM $ARLP

$309M

233 positions

#5Blackstone Inc.Active

Some overlap · 8 shared positions

$KNTK $PAA $CQP $EPD $HESM $ET

$25.6B

417 positions

#6Adams Asset Advisors, LLCActive

Some overlap · 7 shared positions

$NEM $PAA $EPD $SUN $DMLP $ARLP

$891M

88 positions

#7RR Advisors, LLCActive

Some overlap · 7 shared positions

$KNTK $AM $PAGP $EPD $GEL $ET

$360M

27 positions

#8GraniteShares Advisors LLCPassive

Some overlap · 7 shared positions

$KRP $PAA $EPD $DMLP $UAN $ARLP

$139M

90 positions

#9INFRASTRUCTURE CAPITAL ADVISORS, LLCActive

Some overlap · 7 shared positions

$PAA $CQP $EPD $SUN $HESM $GEL

$1.4B

149 positions

#10KAYNE ANDERSON CAPITAL ADVISORS LPActive

Some overlap · 7 shared positions

$AM $MNR $PAA $EPD $HESM $ET

$5.2B

48 positions

#11EAGLE GLOBAL ADVISORS LLCActive

Some overlap · 6 shared positions

$KNTK $AM $PAA $EPD $HESM $ET

$2.8B

276 positions

#12Recurrent Investment Advisors LLCActive

Slight overlap · 6 shared positions

$NEM $PAGP $EPD $SUN $ET $FCX

$1.7B

67 positions

#13Heronetta Management, L.P.Active

Slight overlap · 6 shared positions

$PAGP $EPD $HESM $ET $AM $CQP

$110M

16 positions

#14WALNUT PRIVATE EQUITY PARTNERS, LLCSmart money

Slight overlap · 5 shared positions

$PAGP $PAA $EPD $SUN $ET

$181M

14 positions

#15Energy Income Partners, LLCActive

Slight overlap · 5 shared positions

$PAGP $CQP $EPD $SUN $ET

$6.2B

87 positions

#16LONGFELLOW INVESTMENT MANAGEMENT CO LLCPassive

Slight overlap · 5 shared positions

$PAA $CQP $EPD $HESM $ET

$480M

243 positions

#17Corps Capital Advisors, LLCPassive

Slight overlap · 5 shared positions

$PAA $CQP $EPD $HESM $ET

$115M

96 positions

#18MILLER HOWARD INVESTMENTS INC /NYActive

Slight overlap · 5 shared positions

$PAA $EPD $SUN $HESM $ET

$3.7B

138 positions

#19ELCO Management Co., LLCPassive

Slight overlap · 5 shared positions

$PAA $EPD $SUN $GEL $ET

$208M

170 positions

#20RAHLFS CAPITAL, LLCPassive

Slight overlap · 4 shared positions

$RELX $NEM $ET $BSM

$136M

86 positions

#21BASSO CAPITAL MANAGEMENT, L.P.Active

Slight overlap · 5 shared positions

$PAA $EPD $HESM $ET $SUN

$163M

137 positions

#22CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENTActive

Slight overlap · 4 shared positions

$KNTK $PAGP $EPD $ET

$2.0B

66 positions

#23Gilman Hill Asset Management, LLCPassive

Slight overlap · 4 shared positions

$KNTK $PAGP $EPD $ET

$663M

225 positions

#24SL ADVISORS, LLCActive

Slight overlap · 4 shared positions

$KNTK $PAGP $EPD $ET

$59M

32 positions

#25Edgemoor Investment Advisors, Inc.Active

Slight overlap · 3 shared positions

$RELX $DE $EPD

$1.3B

170 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.