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 CIBC WORLD MARKET

13F Portfolio OverlapQ1 2026CIBC WORLD MARKET portfolio →

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Most similar hedge funds by 13F overlap

CIBC WORLD MARKET INC. is an institutional investor managing $61.3B across 1,463 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 CIBC WORLD MARKET are MUFG SECURITIES (CANADA), LTD., Addenda, BANK OF NOVA SCOTIA, with shared positions in $TD, $RY, $CNQ, $BNS, $BMO, $ENB. The full ranking of 25 similar funds is below.

#1MUFG SECURITIES (CANADA), LTD.Active

Highly similar · 27 shared positions

$TD $RY $CNQ $BNS $BMO $ENB

$3.5B

43 positions

#2Addenda Capital Inc.Active

Substantial overlap · 20 shared positions

$TD $RY $CNQ $BMO $BNS $ENB

$3.6B

129 positions

#3BANK OF NOVA SCOTIA TRUST COActive

Substantial overlap · 20 shared positions

$TD $RY $CNQ $BMO $ENB $TRP

$1.2B

161 positions

#4TD Waterhouse Canada Inc.Passive

Substantial overlap · 19 shared positions

$TD $RY $BMO $ENB $CNQ $CM

$33.7B

2,307 positions

#5SCOTIA CAPITAL INC.Active

Substantial overlap · 21 shared positions

$RY $TD $BNS $ENB $BMO $CNQ

$24.3B

916 positions

#6Guardian Partners Inc.Active

Substantial overlap · 16 shared positions

$RY $TD $BNS $BMO $ENB $CNQ

$1.2B

192 positions

#7GUARDIAN CAPITAL LPActive

Substantial overlap · 18 shared positions

$RY $CNQ $TD $BMO $CM $ENB

$3.8B

177 positions

#8Scheer, Rowlett & Associates Investment Management Ltd.Active

Substantial overlap · 16 shared positions

$TD $RY $BMO $CNQ $ENB $TRP

$1.4B

33 positions

#9Federation des caisses Desjardins du QuebecPassive

Substantial overlap · 19 shared positions

$RY $TD $BMO $BNS $TRP $ENB

$27.8B

2,964 positions

#10Hillsdale Investment Management Inc.Passive

Substantial overlap · 21 shared positions

$RY $TD $BNS $CM $BMO $AEM

$3.7B

655 positions

#11CIBC Asset Management IncActive

Substantial overlap · 19 shared positions

$RY $TD $BMO $CM $ENB $CNQ

$40.9B

1,372 positions

#12INTACT INVESTMENT MANAGEMENT INC.Passive

Substantial overlap · 22 shared positions

$RY $TD $BMO $SU $CNQ $ENB

$3.5B

269 positions

#13Lorne Steinberg Wealth Management Inc.Passive

Substantial overlap · 15 shared positions

$RY $TD $BMO $CM $BNS $TRP

$422M

68 positions

#14TD ASSET MANAGEMENT INCPassive

Substantial overlap · 19 shared positions

$RY $TD $BMO $ENB $CM $CNQ

$123.2B

1,230 positions

#15PICTON MAHONEY ASSET MANAGEMENTPassive

Substantial overlap · 16 shared positions

$RY $TD $CNQ $SHOP $ENB $AEM

$13.5B

1,238 positions

#161832 Asset Management L.P.Active

Substantial overlap · 16 shared positions

$TD $RY $ENB $CNQ $BMO $BNS

$108.8B

647 positions

#17Aviso Financial Inc.Active

Substantial overlap · 16 shared positions

$TD $CNQ $BMO $ENB $CM $RY

$2.8B

338 positions

#18PCJ Investment Counsel Ltd.Passive

Substantial overlap · 16 shared positions

$RY $TD $ENB $SHOP $CNQ $BMO

$352M

59 positions

#19Connor, Clark & Lunn Investment Management Ltd.Passive

Substantial overlap · 18 shared positions

$RY $TD $ENB $CM $SHOP $TRP

$43.4B

1,526 positions

#20Purpose Unlimited Inc.Active

Substantial overlap · 17 shared positions

$CNQ $RY $ENB $BNS $TD $BMO

$2.4B

577 positions

#21Tacita Capital IncPassive

Substantial overlap · 16 shared positions

$RY $TD $ENB $BNS $TRP $BN

$169M

238 positions

#22Cardinal Capital Management, Inc.Active

Substantial overlap · 13 shared positions

$RY $BNS $BMO $CM $TRP $SU

$3.7B

66 positions

#23Triasima Portfolio Management inc.Passive

Substantial overlap · 12 shared positions

$RY $TD $BMO $CM $SHOP $BNS

$661M

137 positions

#24MACKENZIE FINANCIAL CORPPassive

Substantial overlap · 17 shared positions

$RY $TD $CNQ $AEM $SHOP $BMO

$83.3B

1,420 positions

#25TORONTO DOMINION BANKPassive

Substantial overlap · 16 shared positions

$RY $CNQ $BNS $CM $ENB $TRP

$69.7B

2,092 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.