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 Almitas

13F Portfolio OverlapQ1 2026Almitas portfolio →

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Most similar hedge funds by 13F overlap

Almitas Capital LLC is an institutional investor managing $443M across 115 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 Almitas are Saba ,, Thomas J. Herzfeld Advisors,, Bulldog Investors, LLP, with shared positions in $ASA, $PDX, $DSM, $MEGI, $MXF, $CNNE. The full ranking of 18 similar funds is below.

#1Saba Capital Management, L.P.Passive

Notable overlap · 9 shared positions

$ASA $PDX $DSM $MEGI $MXF $CNNE

$3.6B

390 positions

#2Thomas J. Herzfeld Advisors, Inc.Active

Notable overlap · 7 shared positions

$ASA $PDX $FSSL $JFR $MEGI $SABA

$294M

115 positions

#3Bulldog Investors, LLPPassive

Notable overlap · 8 shared positions

$DSM $CMU $MRCC $ELME $CCAP $CNNE

$445M

216 positions

#4RIVERNORTH CAPITAL MANAGEMENT, LLCPassive

Some overlap · 8 shared positions

$PDX $PCQ $BTT $FSSL $GLO $BMEZ

$2.0B

542 positions

#5North Ground CapitalActive

Some overlap · 7 shared positions

$BRSP $NQP $CCAP $MXF $GLO $FSSL

$83M

40 positions

#6Closed-End Fund Advisors, Inc.Passive

Some overlap · 7 shared positions

$CXE $MEGI $PCQ $FSSL $PNI $SABA

$98M

162 positions

#7Matisse CapitalPassive

Some overlap · 6 shared positions

$PCQ $MXF $GLO $FSSL $PNI $JFR

$234M

164 positions

#8CITY OF LONDON INVESTMENT MANAGEMENT CO LTDActive

Some overlap · 7 shared positions

$BTT $JOF $MXF $SDHY $PDX $BMEZ

$1.4B

94 positions

#9ROBINSON CAPITAL MANAGEMENT, LLCActive

Some overlap · 5 shared positions

$PCQ $DSM $CXE $PNI $FSSL

$239M

109 positions

#10Quantedge Capital Pte LtdActive

Some overlap · 4 shared positions

$BMEZ $BIO $ASA $MXF

$183M

51 positions

#11Alpine Global Management, LLCPassive

Some overlap · 3 shared positions

$CRF $BRSP $CLM

$668M

226 positions

#12Hara Capital LLCPassive

Some overlap · 3 shared positions

$BTT $DTF $SABA

$200M

311 positions

#13BLUE BELL PRIVATE WEALTH MANAGEMENT, LLCActive

Some overlap · 4 shared positions

$ASA $MEGI $SABA $BMEZ

$696M

724 positions

#14Quarry LPPassive

Some overlap · 3 shared positions

$CRF $CLM $MEGI

$558M

1,364 positions

#151607 Capital Partners, LLCActive

Some overlap · 4 shared positions

$JOF $JFR $SDHY $BTT

$1.4B

139 positions

#16Vivo Capital, LLCActive

Slight overlap · 3 shared positions

$DSGN $ANTX $ALXO

$1.2B

45 positions

#17Logan Stone Capital, LLCActive

Slight overlap · 3 shared positions

$PCQ $PNI $JFR

$360M

133 positions

#18Yakira Capital Management, Inc.Passive

Slight overlap · 3 shared positions

$CRF $CLM $ELME

$342M

196 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.