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 PICTON MAHONEY ASSET

13F Portfolio OverlapQ1 2026PICTON MAHONEY ASSET portfolio →

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Most similar hedge funds by 13F overlap

PICTON MAHONEY ASSET MANAGEMENT is an institutional investor managing $13.5B across 1,238 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 PICTON MAHONEY ASSET are MUFG SECURITIES (CANADA), LTD., Addenda, Scheer, Rowlett & Associates Investment Ltd., with shared positions in $RY, $TD, $CNQ, $SHOP, $AEM, $CP. The full ranking of 25 similar funds is below.

#1MUFG SECURITIES (CANADA), LTD.Active

Substantial overlap · 23 shared positions

$RY $TD $CNQ $SHOP $AEM $CP

$3.5B

43 positions

#2Addenda Capital Inc.Active

Substantial overlap · 16 shared positions

$RY $TD $CNQ $SHOP $AEM $CP

$3.6B

129 positions

#3Scheer, Rowlett & Associates Investment Management Ltd.Active

Substantial overlap · 17 shared positions

$RY $TD $CNQ $CP $SU $FNV

$1.4B

33 positions

#4CIBC WORLD MARKET INC.Passive

Substantial overlap · 16 shared positions

$RY $TD $CNQ $SHOP $ENB $AEM

$61.3B

1,463 positions

#5PCJ Investment Counsel Ltd.Passive

Substantial overlap · 17 shared positions

$RY $TD $SHOP $CNQ $AEM $ENB

$352M

59 positions

#6GUARDIAN CAPITAL LPActive

Substantial overlap · 14 shared positions

$RY $TD $CNQ $AEM $CP $SU

$3.8B

177 positions

#7CIBC Asset Management IncActive

Substantial overlap · 16 shared positions

$RY $TD $AEM $CNQ $SU $ENB

$40.9B

1,372 positions

#8BANK OF NOVA SCOTIA TRUST COActive

Substantial overlap · 13 shared positions

$RY $TD $CNQ $SU $CP $ENB

$1.2B

161 positions

#9TD Waterhouse Canada Inc.Passive

Substantial overlap · 13 shared positions

$RY $TD $CNQ $AEM $SU $ENB

$33.7B

2,307 positions

#10INTACT INVESTMENT MANAGEMENT INC.Passive

Substantial overlap · 18 shared positions

$RY $TD $SU $CVE $RCI $CNQ

$3.5B

269 positions

#11Hillsdale Investment Management Inc.Passive

Substantial overlap · 17 shared positions

$RY $TD $AEM $ENB $SU $SHOP

$3.7B

655 positions

#12MACKENZIE FINANCIAL CORPPassive

Substantial overlap · 16 shared positions

$RY $TD $AEM $CNQ $CP $SHOP

$83.3B

1,420 positions

#131832 Asset Management L.P.Active

Substantial overlap · 13 shared positions

$TD $RY $CNQ $SHOP $ENB $BN

$108.8B

647 positions

#14Connor, Clark & Lunn Investment Management Ltd.Passive

Substantial overlap · 14 shared positions

$RY $TD $AEM $SU $SHOP $ENB

$43.4B

1,526 positions

#15Federation des caisses Desjardins du QuebecPassive

Substantial overlap · 14 shared positions

$RY $TD $SU $ENB $BN $TRP

$27.8B

2,964 positions

#16SCOTIA CAPITAL INC.Active

Substantial overlap · 13 shared positions

$RY $TD $CNQ $ENB $BN $TRP

$24.3B

916 positions

#17TD ASSET MANAGEMENT INCPassive

Substantial overlap · 14 shared positions

$RY $TD $ENB $AEM $CNQ $SU

$123.2B

1,230 positions

#18Jones Collombin Investment Counsel IncPassive

Notable overlap · 12 shared positions

$RY $TD $SHOP $AEM $ENB $CNQ

$326M

113 positions

#19Guardian Partners Inc.Active

Notable overlap · 10 shared positions

$RY $TD $CNQ $SU $ENB $BN

$1.2B

192 positions

#20Aviso Financial Inc.Active

Notable overlap · 12 shared positions

$TD $CNQ $CP $FNV $ENB $RY

$2.8B

338 positions

#21Heathbridge Capital Management Ltd.Active

Notable overlap · 8 shared positions

$RY $TD $CNQ $AEM $CP $TRP

$275M

29 positions

#22FIL LtdPassive

Notable overlap · 13 shared positions

$RY $AEM $TD $SHOP $SU $TRP

$128.7B

1,105 positions

#23Tacita Capital IncPassive

Notable overlap · 11 shared positions

$RY $TD $ENB $BN $TRP $FNV

$169M

238 positions

#24Triasima Portfolio Management inc.Passive

Notable overlap · 10 shared positions

$RY $TD $SHOP $CVE $ENB $CLS

$661M

137 positions

#25BANK OF MONTREAL /CAN/Passive

Notable overlap · 13 shared positions

$RY $TD $TRP $CNQ $ENB $SU

$268.5B

3,733 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.