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 K2 PRINCIPAL FUND,

13F Portfolio OverlapQ1 2026K2 PRINCIPAL FUND, portfolio →

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Most similar hedge funds by 13F overlap

K2 PRINCIPAL FUND, L.P. is an institutional investor managing $1.4B across 487 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 K2 PRINCIPAL FUND, are Context ,, LINDEN ADVISORS, Ares Systematic Credit Ltd, with shared positions in $MSTR, $MARA, $CRNC, $SNAP, $UPST, $SEI. The full ranking of 25 similar funds is below.

#1Context Capital Management, LLCPassive

Notable overlap · 7 shared positions

$MSTR $MARA $CRNC $SNAP $UPST $SEI

$4.3B

392 positions

#2LINDEN ADVISORS LPPassive

Notable overlap · 7 shared positions

$MSTR $SEI $UPST $RUN $PTON $AEIS

$17.9B

563 positions

#3Ares Systematic Credit LtdPassive

Notable overlap · 8 shared positions

$JBLU $SNAP $CRNC $ETSY $AKAM $VAC

$127M

150 positions

#4KIM, LLCActive

Notable overlap · 8 shared positions

$COIN $SNAP $UBER $AKAM $VAC $LYV

$976M

64 positions

#5WHITEBOX ADVISORS LLCActive

Notable overlap · 6 shared positions

$MSTR $MARA $COIN $UPST $JBLU $RUN

$8.1B

568 positions

#6MACKAY SHIELDS LLCPassive

Notable overlap · 8 shared positions

$UBER $AEIS $AKAM $ETSY $LYV $FLR

$2.7B

111 positions

#7ADVENT CAPITAL MANAGEMENT /DE/Passive

Notable overlap · 7 shared positions

$MSTR $UBER $AKAM $VAC $LYV $RUN

$3.6B

215 positions

#8SHENKMAN CAPITAL MANAGEMENT INCPassive

Some overlap · 5 shared positions

$MSTR $DBX $ETSY $AKAM $VAC

$831M

81 positions

#9LuminArx Capital Management LPActive

Some overlap · 6 shared positions

$JBLU $UPST $WT $UBER $RUN $LYV

$136M

83 positions

#10Long Corridor Asset Management LtdActive

Some overlap · 3 shared positions

$MARA $MSTR $UBER

$411M

38 positions

#11ABSOLUTE INVESTMENT ADVISERS, LLCPassive

Some overlap · 6 shared positions

$VECO $WT $AKAM $BOX $FLR $FRPT

$852M

122 positions

#12CAMDEN ASSET MANAGEMENT L P /CAActive

Some overlap · 6 shared positions

$UBER $ETSY $LYV $BOX $FLR $PEB

$2.9B

69 positions

#13Skaana Management L.P.Active

Some overlap · 7 shared positions

$ASTS $JBLU $LCID $AMC $MARA $AKAM

$296M

158 positions

#14ARISTEIA CAPITAL, L.L.C.Passive

Some overlap · 3 shared positions

$MSTR $MARA $AEIS

$4.8B

696 positions

#15Opti Capital Management, LPActive

Some overlap · 5 shared positions

$SNAP $ETSY $BOX $LYV $FRPT

$1.4B

36 positions

#16WOLVERINE ASSET MANAGEMENT LLCPassive

Some overlap · 4 shared positions

$MSTR $COIN $FLR $VECO

$10.4B

1,678 positions

#17Marex Group plcPassive

Some overlap · 3 shared positions

$MSTR $ASTS $MARA

$15.8B

1,007 positions

#18GeoSphere Capital Management, LLCActive

Some overlap · 4 shared positions

$SEI $GLNG $DNN $FLR

$229M

42 positions

#19OAKTREE CAPITAL MANAGEMENT LPActive

Some overlap · 5 shared positions

$JBLU $PEB $ETSY $COIN $VAC

$6.3B

142 positions

#20Marathon Trading Investment Management LLCActive

Some overlap · 4 shared positions

$MSTR $MARA $OPEN $COIN

$3.7B

294 positions

#21TENOR CAPITAL MANAGEMENT Co., L.P.Passive

Some overlap · 5 shared positions

$ETSY $AKAM $LYV $MSTR $WT

$6.5B

501 positions

#22Shaolin Capital Management LLCPassive

Some overlap · 3 shared positions

$MSTR $ETSY $BOX

$2.7B

491 positions

#23DeepCurrents Investment Group LLCPassive

Some overlap · 3 shared positions

$MSTR $COIN $ETSY

$3.1B

142 positions

#24Weiss Asset Management LPPassive

Some overlap · 5 shared positions

$MSTR $ETSY $FRPT $COIN $RUN

$5.9B

488 positions

#25SSI INVESTMENT MANAGEMENT LLCPassive

Some overlap · 5 shared positions

$UBER $AEIS $LYV $AKAM $SEI

$1.4B

240 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.