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 Capula Ltd

13F Portfolio OverlapQ1 2026Capula Ltd portfolio →

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Most similar hedge funds by 13F overlap

Capula Management Ltd is an institutional investor managing $14.1B across 1,068 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 Capula Ltd are ALPINE ASSOCIATES, AQR Arbitrage, GABELLI & INVESTMENT ADVISERS,, with shared positions in $CWAN, $FOLD, $AAUC, $LBRDA, $NSC, $KVUE. The full ranking of 25 similar funds is below.

#1ALPINE ASSOCIATES MANAGEMENT INC.Passive

Some overlap · 19 shared positions

$CWAN $FOLD $AAUC $LBRDA $NSC $KVUE

$1.7B

70 positions

#2AQR Arbitrage LLCPassive

Some overlap · 20 shared positions

$CWAN $FOLD $LBRDA $NSC $KVUE $SDA

$6.1B

556 positions

#3GABELLI & Co INVESTMENT ADVISERS, INC.Passive

Some overlap · 20 shared positions

$CWAN $FOLD $LBRDA $NSC $KVUE $SDA

$674M

297 positions

#4TIG Advisors, LLCActive

Some overlap · 17 shared positions

$CWAN $FOLD $NSC $KVUE $SDA $HOLX

$2.2B

107 positions

#5HBK INVESTMENTS L PActive

Some overlap · 16 shared positions

$CWAN $FOLD $LBRDA $NSC $KVUE $SDA

$9.9B

346 positions

#6WATER ISLAND CAPITAL LLCPassive

Some overlap · 18 shared positions

$NSC $CWAN $KVUE $SDA $HOLX $AES

$896M

98 positions

#7CREDIT INDUSTRIEL ET COMMERCIALPassive

Some overlap · 15 shared positions

$CWAN $FOLD $AAUC $AMD $KVUE $SDA

$1.3B

349 positions

#8Kintayl Capital LPPassive

Some overlap · 15 shared positions

$CWAN $AAUC $LBRDA $NSC $KVUE $HOLX

$192M

54 positions

#9CAXTON ASSOCIATES LLPActive

Some overlap · 15 shared positions

$CWAN $LBRDA $NSC $AMD $KVUE $HOLX

$4.4B

755 positions

#10Magnetar Financial LLCActive

Some overlap · 16 shared positions

$FOLD $AAUC $LBRDA $NSC $KVUE $GTLS

$9.8B

1,130 positions

#11Kryger Capital LLCActive

Some overlap · 13 shared positions

$CWAN $FOLD $NSC $KVUE $HOLX $AES

$1.4B

76 positions

#12CIBRA Capital LtdActive

Some overlap · 13 shared positions

$CWAN $FOLD $AAUC $SDA $HOLX $AES

$207M

25 positions

#13PRELUDE CAPITAL MANAGEMENT, LLCPassive

Some overlap · 12 shared positions

$CWAN $FOLD $AAUC $NSC $KVUE $SDA

$1.3B

1,176 positions

#14Westchester Capital Management, LLCPassive

Some overlap · 14 shared positions

$CWAN $NSC $SDA $HOLX $GTLS $WBD

$2.2B

307 positions

#15Yakira Capital Management, Inc.Passive

Some overlap · 12 shared positions

$CWAN $AAUC $LBRDA $NSC $KVUE $SDA

$342M

196 positions

#16Polar Asset Management Partners Inc.Passive

Some overlap · 14 shared positions

$CWAN $FOLD $LBRDA $NSC $SDA $HOLX

$5.0B

689 positions

#17Pentwater Capital Management LPActive

Some overlap · 12 shared positions

$CWAN $FOLD $LBRDA $NSC $KVUE $HOLX

$19.3B

92 positions

#18HARVEST MANAGEMENT LLCActive

Some overlap · 13 shared positions

$CWAN $FOLD $NSC $SDA $HOLX $WBD

$206M

55 positions

#19NINE MASTS CAPITAL LtdActive

Some overlap · 12 shared positions

$CWAN $NSC $KVUE $HOLX $AES $WBD

$693M

249 positions

#20Fortress Investment Group LLCActive

Some overlap · 13 shared positions

$FOLD $LBRDA $NSC $KVUE $GTLS $WBD

$394M

34 positions

#21NEXPOINT ASSET MANAGEMENT, L.P.Active

Some overlap · 11 shared positions

$CWAN $FOLD $SDA $HOLX $GTLS $WBD

$1.5B

83 positions

#22Verition Fund Management LLCPassive

Some overlap · 10 shared positions

$CWAN $LBRDA $NSC $KVUE $HOLX $AES

$15.4B

2,192 positions

#23P SCHOENFELD ASSET MANAGEMENT LPPassive

Some overlap · 11 shared positions

$FOLD $LBRDA $NSC $KVUE $SDA $WBD

$184M

35 positions

#24Melqart Asset Management (UK) LtdActive

Some overlap · 9 shared positions

$CWAN $NSC $AMD $KVUE $AES $GTLS

$1.0B

41 positions

#25Kapitalo Investimentos LtdaActive

Some overlap · 11 shared positions

$CWAN $AMD $HOLX $AES $GTLS $WBD

$531M

57 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.