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 NINE MASTS Ltd

13F Portfolio OverlapQ1 2026NINE MASTS Ltd portfolio →

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Most similar hedge funds by 13F overlap

NINE MASTS CAPITAL Ltd is an institutional investor managing $693M across 249 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 NINE MASTS Ltd are Kintayl, ALPINE ASSOCIATES, TIG Advisors,, with shared positions in $NSC, $WBS, $EA, $WBD, $SLAB, $HOLX. The full ranking of 25 similar funds is below.

#1Kintayl Capital LPPassive

Substantial overlap · 18 shared positions

$NSC $WBS $EA $WBD $SLAB $HOLX

$192M

54 positions

#2ALPINE ASSOCIATES MANAGEMENT INC.Passive

Substantial overlap · 20 shared positions

$NSC $EA $SLAB $WBD $HOLX $CWAN

$1.7B

70 positions

#3TIG Advisors, LLCActive

Substantial overlap · 15 shared positions

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

$2.2B

107 positions

#4Sand Grove Capital Management LLPActive

Substantial overlap · 10 shared positions

$WBD $SLAB $NSC $EA $WBS $AES

$444M

19 positions

#5WATER ISLAND CAPITAL LLCPassive

Substantial overlap · 16 shared positions

$WBD $NSC $EA $WBS $HOLX $SLAB

$896M

98 positions

#6Kryger Capital LLCActive

Substantial overlap · 14 shared positions

$WBD $NSC $EA $SLAB $HOLX $AES

$1.4B

76 positions

#7AQR Arbitrage LLCPassive

Substantial overlap · 19 shared positions

$EA $NSC $WBS $AES $WBD $KVUE

$6.1B

556 positions

#8GABELLI & Co INVESTMENT ADVISERS, INC.Passive

Substantial overlap · 14 shared positions

$WBD $EA $HOLX $NSC $CWAN $KVUE

$674M

297 positions

#9Melqart Asset Management (UK) LtdActive

Substantial overlap · 12 shared positions

$WBD $NSC $EA $CWAN $KVUE $TXNM

$1.0B

41 positions

#10HBK INVESTMENTS L PActive

Substantial overlap · 11 shared positions

$WBD $NSC $EA $HOLX $CWAN $KVUE

$9.9B

346 positions

#11Westchester Capital Management, LLCPassive

Substantial overlap · 11 shared positions

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

$2.2B

307 positions

#12HIGHBRIDGE CAPITAL MANAGEMENT LLCActive

Substantial overlap · 10 shared positions

$BABA $EA $NIO $HOLX $CWAN $KVUE

$3.1B

378 positions

#13JPMORGAN CHASE & COActive

Substantial overlap · 10 shared positions

$BABA $EA $NIO $HOLX $CWAN $KVUE

$3.1B

378 positions

#14Pentwater Capital Management LPActive

Substantial overlap · 11 shared positions

$WBD $NSC $EA $HOLX $CWAN $KVUE

$19.3B

92 positions

#15HARVEST MANAGEMENT LLCActive

Substantial overlap · 11 shared positions

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

$206M

55 positions

#16Governors Lane LPPassive

Notable overlap · 8 shared positions

$WBD $NSC $EA $AES $HOLX $QRVO

$1.6B

190 positions

#17CREDIT INDUSTRIEL ET COMMERCIALPassive

Notable overlap · 15 shared positions

$HOLX $FOX $KVUE $EA $TXNM $WBD

$1.3B

349 positions

#18Slotnik Capital, LLCActive

Notable overlap · 9 shared positions

$WBD $SLAB $WBS $KVUE $NSC $PEN

$342M

27 positions

#19NOMURA HOLDINGS INCPassive

Notable overlap · 5 shared positions

$BABA $WBD $EA $BILL $GPN

$37.7B

1,655 positions

#20Fort Baker Capital Management LPPassive

Notable overlap · 7 shared positions

$WBD $NSC $EA $AES $CWAN $SLAB

$1.3B

121 positions

#21Laurion Capital Management LPPassive

Notable overlap · 5 shared positions

$WBD $NSC $EA $NIO $HOLX

$2.3B

349 positions

#22XY Capital LtdPassive

Notable overlap · 4 shared positions

$BABA $HDB $NIO $NSC

$101M

95 positions

#23Birnam Oak Advisors, LPActive

Notable overlap · 9 shared positions

$WBD $NSC $CWAN $KVUE $QRVO $TXNM

$441M

35 positions

#24CIBRA Capital LtdActive

Notable overlap · 11 shared positions

$WBD $HOLX $CWAN $EA $TXNM $AES

$207M

25 positions

#25CAXTON ASSOCIATES LLPActive

Notable overlap · 15 shared positions

$WBD $NSC $EA $KVUE $PEN $WBS

$4.4B

755 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.