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 Saba ,

13F Portfolio OverlapQ1 2026Saba , portfolio →

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Most similar hedge funds by 13F overlap

Saba Capital Management, L.P. is an institutional investor managing $3.6B across 390 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 Saba , are Almitas, Thomas J. Herzfeld Advisors,, Bulldog Investors, LLP, with shared positions in $ASA, $PDX, $DSM, $MEGI, $MXF, $CNNE. The full ranking of 21 similar funds is below.

#1Almitas Capital LLCActive

Notable overlap · 9 shared positions

$ASA $PDX $DSM $MEGI $MXF $CNNE

$443M

115 positions

#2Thomas J. Herzfeld Advisors, Inc.Active

Notable overlap · 11 shared positions

$PDX $ASA $BPRE $HFRO $SPXX $MEGI

$294M

115 positions

#3Bulldog Investors, LLPPassive

Notable overlap · 9 shared positions

$GAM $GDV $BPRE $LEO $FSK $DSM

$445M

216 positions

#4BLUE BELL PRIVATE WEALTH MANAGEMENT, LLCActive

Notable overlap · 12 shared positions

$GAM $ASA $RMT $TY $GDV $BSTZ

$696M

724 positions

#5Uncommon Cents Investing LLCPassive

Some overlap · 3 shared positions

$ASA $GF $TY

$431M

208 positions

#6Closed-End Fund Advisors, Inc.Passive

Some overlap · 6 shared positions

$BPRE $MEGI $HFRO $NML $SABA $DMA

$98M

162 positions

#7RIVERNORTH CAPITAL MANAGEMENT, LLCPassive

Some overlap · 7 shared positions

$BSTZ $PDX $FSK $LEO $SABA $RMT

$2.0B

542 positions

#8Noble Wealth Management PBCPassive

Some overlap · 3 shared positions

$ASA $BPRE $NML

$223M

778 positions

#9Matisse CapitalPassive

Some overlap · 5 shared positions

$BPRE $MXF $HFRO $DMA $GLO

$234M

164 positions

#10North Ground CapitalActive

Some overlap · 7 shared positions

$ECAT $MXF $GLO $DMA $FSK $OXLC

$83M

40 positions

#11Shaker Financial Services, LLCPassive

Some overlap · 4 shared positions

$RMT $SPXX $TY $SABA

$287M

145 positions

#12CITY OF LONDON INVESTMENT MANAGEMENT CO LTDActive

Some overlap · 5 shared positions

$MXF $PDX $NML $JOF $GF

$1.4B

94 positions

#131607 Capital Partners, LLCActive

Slight overlap · 3 shared positions

$GAM $GF $JOF

$1.4B

139 positions

#14Quantedge Capital Pte LtdActive

Slight overlap · 6 shared positions

$ASA $BSTZ $MXF $SPXX $GDV $RMT

$183M

51 positions

#15Curated Wealth Partners LLCActive

Slight overlap · 3 shared positions

$APO $ARES $SNAP

$794M

228 positions

#16AEGON USA Investment Management, LLCSmart money

Slight overlap · 3 shared positions

$APO $ARES $HFRO

$128M

41 positions

#17Beckerman Institutional, LLCPassive

Slight overlap · 3 shared positions

$TY $NFJ $ECAT

$188M

121 positions

#18INTEGRATED CAPITAL MANAGEMENT, INC.Active

Slight overlap · 4 shared positions

$SPXX $LEO $DSM $HFRO

$150M

56 positions

#19Kohlberg Kravis Roberts & Co. L.P.Smart money

Slight overlap · 3 shared positions

$OXLC $FSK $SNAP

$5.3B

92 positions

#20DKM Wealth Management, Inc.Active

Slight overlap · 3 shared positions

$JOF $RMT $ASA

$139M

77 positions

#21UHLMANN PRICE SECURITIES, LLCSmart money

Slight overlap · 3 shared positions

$NML $MXF $PEO

$1.5B

254 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.