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 Parallax Volatility Advisers

13F Portfolio OverlapQ2 2026Parallax Volatility Advisers portfolio →

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Most similar hedge funds by 13F overlap

Parallax Volatility Advisers, L.P. is an institutional investor managing $58.9B across 1,502 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 Parallax Volatility Advisers are Spahn Wealth & Retirement, LMR Partners LLP, Marathon Trading Investment, with shared positions in $IBIT, $SLV, $C, $SPCX, $APO, $AXP. The full ranking of 25 similar funds is below.

#1Spahn Wealth & Retirement LLCActive

Some overlap · 6 shared positions

$IBIT $SLV $C $SPCX $APO $AXP

$155M

38 positions

#2LMR Partners LLPPassive

Some overlap · 6 shared positions

$SLV $IBIT $BABA $SPCX $MSTR $DDOG

$26.8B

1,491 positions

#3Marathon Trading Investment Management LLCActive

Slight overlap · 6 shared positions

$IBIT $SLV $NBIS $IREN $MSTR $BABA

$3.2B

278 positions

#4CenterStar Asset Management, LLCActive

Slight overlap · 6 shared positions

$SLV $NBIS $C $SPCX $SNOW $AXP

$589M

234 positions

#5SIG BROKERAGE, LPPassive

Slight overlap · 6 shared positions

$QCOM $NBIS $SLV $SPCX $WDC $ASML

$5.1B

905 positions

#6PROATHLETE WEALTH MANAGEMENT LLCSmart money

Slight overlap · 6 shared positions

$IBIT $C $SPCX $ASML $MS $AXP

$404M

300 positions

#7Marex Group plcPassive

Slight overlap · 6 shared positions

$IBIT $NBIS $SPCX $CRWV $IREN $MSTR

$23.6B

1,117 positions

#8Foundations Investment Advisors, LLCPassive

Slight overlap · 6 shared positions

$IBIT $C $BABA $ASML $MS $MSTR

$9.7B

1,202 positions

#9Corecam Pte. Ltd.Passive

Slight overlap · 5 shared positions

$IBIT $SLV $BABA $QCOM $C

$264M

82 positions

#10CMT Capital Markets Trading GmbHActive

Slight overlap · 6 shared positions

$QCOM $C $BABA $SNOW $ASML $AXP

$11.8B

385 positions

#11STEVENS CAPITAL MANAGEMENT LPPassive

Slight overlap · 6 shared positions

$QCOM $NBIS $SPCX $WDC $ASML $MS

$417M

213 positions

#12NORTHBRIDGE FINANCIAL GROUP, LLCPassive

Slight overlap · 5 shared positions

$IBIT $QCOM $C $SPCX $SNOW

$261M

184 positions

#13Manhattan West Asset Management, LLCPassive

Slight overlap · 6 shared positions

$QCOM $C $SPCX $SNOW $ASML $UBER

$599M

185 positions

#14Caitong International Asset Management Co., LtdPassive

Slight overlap · 6 shared positions

$QCOM $NBIS $BABA $ASML $IREN $MSTR

$729M

2,999 positions

#15Sovran Advisors, LLCPassive

Slight overlap · 4 shared positions

$IBIT $SLV $QCOM $ASML

$1.3B

615 positions

#16SIMPLEX TRADING, LLCActive

Slight overlap · 6 shared positions

$SLV $IBIT $BABA $C $ASML $NBIS

$170.6B

9,154 positions

#17PEAK6 LLCPassive

Slight overlap · 6 shared positions

$NBIS $SPCX $QCOM $WDC $ASML $CRWV

$48.6B

2,662 positions

#18Appaloosa LPActive

Slight overlap · 6 shared positions

$QCOM $BABA $SPCX $ASML $CRWV $UBER

$7.7B

27 positions

#19Mountain Capital Investment Advisors Inc.Smart money

Slight overlap · 5 shared positions

$IBIT $NBIS $SPCX $ASML $MSTR

$702M

95 positions

#20Sculptor Capital LPPassive

Slight overlap · 6 shared positions

$BABA $SPCX $APO $SNOW $ASML $IREN

$12.3B

407 positions

#21IMC-Chicago, LLCPassive

Slight overlap · 6 shared positions

$NBIS $BABA $SLV $WDC $ASML $MSTR

$418.7B

6,591 positions

#22GROUP ONE TRADING, L.P.Passive

Slight overlap · 5 shared positions

$SLV $NBIS $BABA $WDC $IREN

$71.1B

7,824 positions

#23Parkwood LLCActive

Slight overlap · 5 shared positions

$IBIT $C $SPCX $ASML $UBER

$1.4B

72 positions

#24NKCFO LLCActive

Slight overlap · 4 shared positions

$IBIT $SLV $BABA $DDOG

$330M

92 positions

#25Proficio Capital Partners LLCPassive

Slight overlap · 4 shared positions

$IBIT $SLV $SPCX $UBER

$2.8B

691 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.