What hedge funds are most similar to Westchester Capital Management, LLC?

The funds with the most similar 13F portfolios to Westchester Capital Management, LLC are Kryger, ALPINE ASSOCIATES, WATER ISLAND, based on overlapping conviction holdings in the latest SEC filings.

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 Westchester ,

13F Portfolio OverlapQ1 2026Westchester , portfolio →

Institutional-grade research for retail investors

Most similar hedge funds by 13F overlap

Westchester Capital Management, LLC is an institutional investor managing $2.2B across 307 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 Westchester , are Kryger, ALPINE ASSOCIATES, WATER ISLAND, with shared positions in $EA, $NSC, $WBD, $GTLS, $CWAN, $DBRG. The full ranking of 25 similar funds is below.

#1Kryger Capital LLCActive

Substantial overlap · 11 shared positions

$EA $NSC $WBD $GTLS $CWAN $DBRG

$1.4B

76 positions

#2ALPINE ASSOCIATES MANAGEMENT INC.Passive

Substantial overlap · 17 shared positions

$NSC $GTLS $EA $UNF $WBD $CWAN

$1.7B

70 positions

#3WATER ISLAND CAPITAL LLCPassive

Substantial overlap · 14 shared positions

$EA $WBD $GTLS $NSC $WBS $DBRG

$896M

98 positions

#4HBK INVESTMENTS L PActive

Substantial overlap · 12 shared positions

$EA $NSC $WBD $CWAN $CTRA $SDA

$9.9B

346 positions

#5Sand Grove Capital Management LLPActive

Substantial overlap · 7 shared positions

$WBD $NSC $EA $WBS $CWAN $CTRA

$444M

19 positions

#6HARVEST MANAGEMENT LLCActive

Substantial overlap · 11 shared positions

$EA $NSC $WBD $CWAN $SDA $HOLX

$206M

55 positions

#7TIG Advisors, LLCActive

Substantial overlap · 16 shared positions

$WBD $NSC $EA $CWAN $DBRG $WBS

$2.2B

107 positions

#8GABELLI & Co INVESTMENT ADVISERS, INC.Passive

Substantial overlap · 16 shared positions

$EA $GTLS $WBD $CWAN $NSC $SDA

$674M

297 positions

#9Pentwater Capital Management LPActive

Substantial overlap · 10 shared positions

$EA $WBD $NSC $CWAN $HOLX $DBRG

$19.3B

92 positions

#10Melqart Asset Management (UK) LtdActive

Substantial overlap · 7 shared positions

$EA $WBD $GTLS $NSC $CWAN $UNF

$1.0B

41 positions

#11Birnam Oak Advisors, LPActive

Substantial overlap · 7 shared positions

$NSC $WBD $GTLS $UNF $CWAN $PEN

$441M

35 positions

#12KRYGER CAPITAL Ltd

Substantial overlap · 8 shared positions

$NSC $EA $GTLS $CWAN $DBRG $HOLX

$1.3B

50 positions

#13Decagon Asset Management LLPActive

Substantial overlap · 9 shared positions

$EA $NSC $GTLS $CWAN $HOLX $PEN

$386M

77 positions

#14Kintayl Capital LPPassive

Substantial overlap · 13 shared positions

$WBS $NSC $EA $WBD $CTRA $HOLX

$192M

54 positions

#15Fort Baker Capital Management LPPassive

Substantial overlap · 7 shared positions

$EA $WBD $NSC $CWAN $MASI $ANSC

$1.3B

121 positions

#16PSquared Asset Management AGActive

Substantial overlap · 6 shared positions

$NSC $WBD $GTLS $PRA $HOLX $PEN

$287M

15 positions

#17AQR Arbitrage LLCPassive

Substantial overlap · 16 shared positions

$EA $GTLS $NSC $WBS $WBD $HOLX

$6.1B

556 positions

#18First Trust Capital Management L.P.Passive

Substantial overlap · 12 shared positions

$GTLS $EA $CWAN $SDA $WBS $HOLX

$1.9B

182 positions

#19Governors Lane LPPassive

Substantial overlap · 7 shared positions

$NSC $WBD $EA $HOLX $QRVO $JHG

$1.6B

190 positions

#20Laurion Capital Management LPPassive

Substantial overlap · 4 shared positions

$EA $NSC $WBD $HOLX

$2.3B

349 positions

#21P SCHOENFELD ASSET MANAGEMENT LPPassive

Substantial overlap · 8 shared positions

$WBD $EA $NSC $SDA $PEN $MASI

$184M

35 positions

#22Yakira Capital Management, Inc.Passive

Substantial overlap · 13 shared positions

$GTLS $EA $WBS $NSC $SDA $HOLX

$342M

196 positions

#23NINE MASTS CAPITAL LtdActive

Substantial overlap · 11 shared positions

$WBD $NSC $EA $WBS $CWAN $HOLX

$693M

249 positions

#24Slotnik Capital, LLCActive

Substantial overlap · 7 shared positions

$WBS $GTLS $WBD $UNF $NSC $PEN

$342M

27 positions

#25NEXPOINT ASSET MANAGEMENT, L.P.Active

Substantial overlap · 11 shared positions

$EA $CWAN $GTLS $SDA $PRA $HOLX

$1.5B

83 positions

Compare Westchester ,’s portfolio side by side

See the exact shared positions, conviction overlap, sector alignment, and where these funds diverge — and run the same analysis on any of 8,700+ institutions.

View Westchester ,’s holdings

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.