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 Legato

13F Portfolio OverlapQ2 2026Legato portfolio →

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Most similar hedge funds by 13F overlap

Legato Capital Management LLC is an institutional investor managing $1.2B across 678 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 Legato are AltraVue, ESSEX INVESTMENT, EMERALD MUTUAL FUND ADVISERS, with shared positions in $AGX, $SNEX, $IESC, $AGYS, $VSEC, $LYTS. The full ranking of 25 similar funds is below.

#1AltraVue Capital, LLCActive

Notable overlap · 17 shared positions

$AGX $SNEX $IESC $AGYS $VSEC $LYTS

$1.4B

26 positions

#2ESSEX INVESTMENT MANAGEMENT CO LLCPassive

Some overlap · 11 shared positions

$AGX $LYTS $LINC $GHM $MIRM $CECO

$763M

306 positions

#3EMERALD MUTUAL FUND ADVISERS TRUSTPassive

Some overlap · 8 shared positions

$AGX $VSEC $AGYS $MOD $MIRM $CECO

$2.8B

197 positions

#4EMERALD ADVISERS, LLCPassive

Some overlap · 8 shared positions

$AGX $VSEC $AGYS $MOD $MIRM $CECO

$4.2B

237 positions

#5Lisanti Capital Growth, LLCPassive

Some overlap · 10 shared positions

$VSEC $MOD $MIRM $CECO $SMTC $CRS

$455M

109 positions

#6NEXT CENTURY GROWTH INVESTORS LLCPassive

Some overlap · 8 shared positions

$AGYS $LINC $MIRM $STRL $CRS $UCTT

$1.9B

113 positions

#7Yorktown Management & Research Co IncPassive

Some overlap · 6 shared positions

$IESC $SNEX $MOD $CECO $SMTC $XMTR

$163M

249 positions

#8Ranger Investment Management, L.P.Active

Some overlap · 5 shared positions

$AGX $TFIN $MOD $STRL $BWXT

$1.6B

83 positions

#9Nicholas Investment Partners, LPPassive

Some overlap · 8 shared positions

$LINC $MOD $MIRM $STRL $RVMD $BWXT

$1.8B

204 positions

#10Informed Momentum Co LLCPassive

Some overlap · 7 shared positions

$MOD $AGX $GHM $CECO $COHU $SMTC

$1.1B

268 positions

#11PETRA FINANCIAL ADVISORS INCPassive

Some overlap · 4 shared positions

$AGX $IESC $STRL $BWXT

$216M

168 positions

#12Future Fund LLCPassive

Some overlap · 5 shared positions

$SNEX $VSEC $BWXT $CRS $YETI

$349M

118 positions

#13G2 Investment Partners Management LLCPassive

Some overlap · 6 shared positions

$LYTS $MOD $STRL $SMTC $UCTT $XMTR

$549M

73 positions

#14Eddie Patel IncPassive

Some overlap · 3 shared positions

$AGX $SNEX $STRL

$167M

127 positions

#15ROYCE & ASSOCIATES LPPassive

Some overlap · 6 shared positions

$IESC $CECO $COHU $FSV $UCTT $GHM

$12.4B

747 positions

#16Nine Ten Capital Management LLCActive

Some overlap · 3 shared positions

$SNEX $AGYS $WINA

$321M

8 positions

#17DRIEHAUS CAPITAL MANAGEMENT LLCPassive

Some overlap · 6 shared positions

$MOD $CECO $STRL $CRS $UCTT $XMTR

$17.3B

354 positions

#18Bridge City Capital, LLCPassive

Some overlap · 5 shared positions

$UFPT $MOD $PLUS $STRL $UCTT

$438M

114 positions

#19NAVELLIER & ASSOCIATES INCPassive

Some overlap · 3 shared positions

$AGX $STRL $CRS

$1.3B

322 positions

#20Harvest Investment Services, LLCPassive

Some overlap · 3 shared positions

$SNEX $AGX $LINC

$647M

383 positions

#21Intrinsic Edge Capital Management LLCPassive

Some overlap · 4 shared positions

$VSEC $MOD $GHM $CRS

$967M

120 positions

#22Resolute Capital Asset Partners LLCActive

Some overlap · 4 shared positions

$AGYS $MIRM $CECO $BWXT

$234M

48 positions

#23Penn Capital Management Company, LLCPassive

Slight overlap · 4 shared positions

$AGYS $MIRM $CECO $OUST

$1.6B

185 positions

#24LONE PINE CAPITAL LLCActive

Slight overlap · 3 shared positions

$AGX $STRL $CRS

$16.4B

34 positions

#25SG Capital Management LLCPassive

Slight overlap · 4 shared positions

$VSEC $COHU $SMTC $CRS

$1.2B

80 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.