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 Nicholas Investment Partners,

13F Portfolio OverlapQ1 2026Nicholas Investment Partners, portfolio →

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Most similar hedge funds by 13F overlap

Nicholas Investment Partners, LP is an institutional investor managing $1.4B across 205 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 Nicholas Investment Partners, are First Turn ,, EMERALD ADVISERS,, EMERALD MUTUAL FUND ADVISERS, with shared positions in $INSM, $RVMD, $BBIO, $MIRM, $NUVL, $ASND. The full ranking of 25 similar funds is below.

#1First Turn Management, LLCActive

Notable overlap · 8 shared positions

$INSM $RVMD $BBIO $MIRM $NUVL $ASND

$895M

33 positions

#2EMERALD ADVISERS, LLCPassive

Notable overlap · 8 shared positions

$KTOS $MOD $BBIO $MIRM $BE $STRL

$3.2B

248 positions

#3EMERALD MUTUAL FUND ADVISERS TRUSTPassive

Notable overlap · 8 shared positions

$KTOS $MOD $BBIO $MIRM $BE $STRL

$2.1B

199 positions

#4Tribune Investment Group LPActive

Notable overlap · 7 shared positions

$GEV $KTOS $CCJ $BWXT $CRS $FTAI

$261M

30 positions

#5ESSEX INVESTMENT MANAGEMENT CO LLCPassive

Notable overlap · 7 shared positions

$KTOS $INSM $STRL $LINC $MIRM $GEV

$632M

305 positions

#6PINNBROOK CAPITAL MANAGEMENT LPActive

Notable overlap · 6 shared positions

$BWXT $EMBJ $MOD $CRS $SPHR $GEV

$384M

45 positions

#7Lisanti Capital Growth, LLCPassive

Notable overlap · 7 shared positions

$MOD $STRL $KTOS $CRS $LSCC $AEIS

$397M

103 positions

#8Munro PartnersActive

Some overlap · 6 shared positions

$GEV $BWXT $STRL $NEE $MOD $CCJ

$3.0B

59 positions

#9EVENTIDE ASSET MANAGEMENT, LLCPassive

Some overlap · 6 shared positions

$GEV $INSM $MIRM $AXSM $MPWR $LSCC

$6.0B

278 positions

#10Future Fund LLCPassive

Some overlap · 5 shared positions

$BWXT $EMBJ $KTOS $WTFC $CRS

$284M

127 positions

#11Rock Springs Capital Management LPActive

Some overlap · 5 shared positions

$INSM $RVMD $MIRM $ASND $XENE

$1.7B

100 positions

#12NEXT CENTURY GROWTH INVESTORS LLCPassive

Some overlap · 6 shared positions

$STRL $LINC $MIRM $CRS $FTAI $LSCC

$1.4B

112 positions

#13Hood River Capital Management LLCActive

Some overlap · 6 shared positions

$KTOS $INSM $BE $LSCC $BBIO $XPO

$10.0B

167 positions

#14DRIEHAUS CAPITAL MANAGEMENT LLCPassive

Some overlap · 8 shared positions

$XENE $FTAI $CRS $BE $FN $CCJ

$13.6B

355 positions

#15FengHe Fund Management Pte. Ltd.Active

Some overlap · 3 shared positions

$BWXT $MOD $CRS

$724M

31 positions

#16Eagle Health Investments LPActive

Some overlap · 4 shared positions

$INSM $RVMD $BBIO $ASND

$572M

28 positions

#17HealthInvest Partners ABActive

Some overlap · 4 shared positions

$INSM $RVMD $BBIO $MIRM

$310M

39 positions

#18PREVAIL INNOVATIVE WEALTH ADVISORS, LLCPassive

Some overlap · 5 shared positions

$GEV $STRL $MOD $FTAI $CRS

$594M

178 positions

#19SSI INVESTMENT MANAGEMENT LLCPassive

Some overlap · 7 shared positions

$ASND $NEE $AEIS $SPHR $BA $SNOW

$1.4B

240 positions

#20Paradigm Biocapital Advisors LPActive

Some overlap · 4 shared positions

$INSM $RVMD $NUVL $MIRM

$4.9B

35 positions

#21MACKAY SHIELDS LLCPassive

Some overlap · 6 shared positions

$BBIO $MIRM $NEE $AEIS $BA $SNOW

$2.7B

111 positions

#22Defilade Capital Management, L.P.Active

Some overlap · 4 shared positions

$INSM $RVMD $NUVL $ASND

$712M

31 positions

#23ARP Global Capital LtdActive

Some overlap · 3 shared positions

$BWXT $CCJ $BE

$170M

19 positions

#24Integral Health Asset Management, LLCActive

Some overlap · 4 shared positions

$INSM $RVMD $ASND $BBIO

$2.1B

90 positions

#25BOWEN HANES & CO INCActive

Some overlap · 5 shared positions

$GEV $CCJ $CRS $BA $FN

$4.1B

151 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.