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 PRELUDE

13F Portfolio OverlapQ2 2026PRELUDE portfolio →

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Most similar hedge funds by 13F overlap

PRELUDE CAPITAL MANAGEMENT, LLC is an institutional investor managing $1.4B across 1,213 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 PRELUDE are ALPINE ASSOCIATES, GABELLI & INVESTMENT ADVISERS, AQR Arbitrage, with shared positions in $WBD, $BHF, $GTLS, $NSC, $JHG, $PEN. The full ranking of 25 similar funds is below.

#1ALPINE ASSOCIATES MANAGEMENT INC.Active

Notable overlap · 19 shared positions

$WBD $BHF $GTLS $NSC $JHG $PEN

$1.6B

66 positions

#2GABELLI & Co INVESTMENT ADVISERS, INC.Passive

Notable overlap · 18 shared positions

$WBD $GTLS $NSC $JHG $PEN $ROKU

$688M

316 positions

#3AQR Arbitrage LLCPassive

Notable overlap · 17 shared positions

$WBD $GTLS $NSC $JHG $BHF $PEN

$7.0B

634 positions

#4WATER ISLAND CAPITAL LLCActive

Notable overlap · 18 shared positions

$WBD $GTLS $NSC $JHG $PEN $ROKU

$1.1B

85 positions

#5TIG Advisors, LLCActive

Notable overlap · 16 shared positions

$WBD $GTLS $NSC $JHG $PEN $ROKU

$2.3B

109 positions

#6Kryger Capital LLCActive

Notable overlap · 14 shared positions

$WBD $BHF $GTLS $NSC $PEN $ROKU

$1.8B

109 positions

#7HBK INVESTMENTS L PActive

Notable overlap · 13 shared positions

$WBD $GTLS $NSC $JHG $PEN $ROKU

$10.2B

276 positions

#8HARVEST MANAGEMENT LLCActive

Notable overlap · 15 shared positions

$WBD $GTLS $NSC $JHG $PEN $NUVL

$254M

64 positions

#9Westchester Capital Management, LLCPassive

Notable overlap · 14 shared positions

$WBD $GTLS $NSC $PEN $ROKU $AES

$2.0B

310 positions

#10CREDIT INDUSTRIEL ET COMMERCIALPassive

Notable overlap · 14 shared positions

$WBD $JHG $BHF $GTLS $PEN $ROKU

$1.6B

338 positions

#11Kintayl Capital LPPassive

Notable overlap · 14 shared positions

$GTLS $WBD $NSC $PEN $ROKU $AES

$252M

61 positions

#12NEXPOINT ASSET MANAGEMENT, L.P.Active

Notable overlap · 11 shared positions

$WBD $BHF $GTLS $JHG $ROKU $TALK

$1.5B

70 positions

#13Athos Capital LtdActive

Notable overlap · 11 shared positions

$WBD $BHF $NSC $JHG $PEN $ROKU

$282M

38 positions

#14GLAZER CAPITAL, LLCPassive

Notable overlap · 13 shared positions

$GTLS $JHG $PEN $ROKU $AES $NUVL

$4.1B

562 positions

#15Melqart Asset Management (UK) LtdActive

Notable overlap · 11 shared positions

$WBD $GTLS $NSC $PEN $AES $UNF

$1.1B

40 positions

#16Birnam Oak Advisors, LPActive

Notable overlap · 11 shared positions

$WBD $GTLS $NSC $PEN $ROKU $AES

$616M

40 positions

#17Magnetar Financial LLCActive

Notable overlap · 15 shared positions

$GTLS $NSC $PEN $WBD $ROKU $TXNM

$11.0B

1,134 positions

#18Slotnik Capital, LLCActive

Notable overlap · 10 shared positions

$WBD $GTLS $NSC $PEN $ROKU $NUVL

$387M

28 positions

#19NINE MASTS CAPITAL LtdActive

Notable overlap · 13 shared positions

$WBD $NSC $ROKU $PEN $GTLS $TXNM

$995M

170 positions

#20Sand Grove Capital Management LLPActive

Notable overlap · 11 shared positions

$WBD $NSC $ROKU $AES $UNF $NUVL

$383M

14 positions

#21GARDNER LEWIS ASSET MANAGEMENT L PPassive

Notable overlap · 10 shared positions

$GTLS $BHF $JHG $PEN $TALK $STEL

$449M

75 positions

#22Quarry LPActive

Notable overlap · 10 shared positions

$WBD $GTLS $NSC $PEN $ROKU $UNF

$1.2B

2,372 positions

#23P SCHOENFELD ASSET MANAGEMENT LPActive

Notable overlap · 10 shared positions

$WBD $NSC $JHG $BHF $PEN $ROKU

$244M

34 positions

#24ODDO BHF ASSET MANAGEMENT SASPassive

Notable overlap · 8 shared positions

$GTLS $WBD $NSC $JHG $BHF $WDC

$2.2B

253 positions

#25Pentwater Capital Management LPActive

Notable overlap · 12 shared positions

$WBD $NSC $ROKU $NUVL $TXNM $EA

$16.4B

90 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.