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 VR Adviser,

13F Portfolio OverlapQ1 2026VR Adviser, portfolio →

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Most similar hedge funds by 13F overlap

VR Adviser, LLC is an institutional investor managing $2.7B across 33 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 VR Adviser, are Remedium Partners,, Fairmount Funds, Affinity Asset Advisors,, with shared positions in $APGE, $ORKA, $SYRE, $DMRA, $JBIO, $CBIO. The full ranking of 25 similar funds is below.

#1Remedium Capital Partners, LLCActive

Substantial overlap · 6 shared positions

$APGE $ORKA $SYRE $DMRA $JBIO $CBIO

$320M

6 positions

#2Fairmount Funds Management LLCSmart money

Substantial overlap · 10 shared positions

$ORKA $SYRE $DNTH $DMRA $COGT $VRDN

$1.4B

12 positions

#3Affinity Asset Advisors, LLCActive

Substantial overlap · 10 shared positions

$APGE $ERAS $SYRE $COGT $DNTH $ORKA

$1.9B

105 positions

#4GREAT POINT PARTNERS LLCActive

Substantial overlap · 9 shared positions

$APGE $KALV $ORKA $VOR $JBIO $ZURA

$435M

42 positions

#5Commodore Capital LPActive

Substantial overlap · 10 shared positions

$SYRE $ERAS $DMRA $COGT $ELVN $OCUL

$1.7B

36 positions

#6Spruce Street Capital LPActive

Notable overlap · 10 shared positions

$KALV $DNTH $SVRA $ELVN $ERAS $MAZE

$416M

28 positions

#7SILVERARC CAPITAL MANAGEMENT, LLCActive

Notable overlap · 8 shared positions

$KALV $DNTH $ERAS $COGT $ORIC $SYRE

$980M

73 positions

#8Vivo Capital, LLCActive

Notable overlap · 9 shared positions

$ERAS $DNTH $ORIC $DYN $COGT $SRZN

$1.2B

45 positions

#9Frazier Life Sciences Management, L.P.Smart money

Notable overlap · 6 shared positions

$ERAS $KALV $MAZE $DYN $SVRA $VOR

$3.9B

38 positions

#10First Turn Management, LLCActive

Notable overlap · 7 shared positions

$APGE $COGT $ELVN $DNTH $ORIC $VRDN

$895M

33 positions

#11Logos Global Management LPActive

Notable overlap · 7 shared positions

$ERAS $MAZE $DNTH $OCUL $DYN $ELVN

$2.0B

66 positions

#12TCG Crossover Management, LLCActive

Notable overlap · 9 shared positions

$DNTH $COGT $SYRE $VOR $SVRA $DYN

$3.5B

49 positions

#13Avidity Partners Management LPActive

Notable overlap · 5 shared positions

$ORKA $DNTH $ELVN $JBIO $TENX

$442M

46 positions

#14Seven Fleet Capital Management LPActive

Notable overlap · 9 shared positions

$COGT $DNTH $ELVN $ERAS $DMRA $KALV

$315M

114 positions

#15Cormorant Asset Management, LPActive

Notable overlap · 8 shared positions

$ERAS $DNTH $DMRA $ORKA $MAZE $ANL

$2.0B

47 positions

#16Paradigm Biocapital Advisors LPActive

Notable overlap · 8 shared positions

$ERAS $ORKA $APGE $SYRE $MAZE $VRDN

$4.9B

35 positions

#17Siren, L.L.C.Active

Notable overlap · 10 shared positions

$ERAS $COGT $SYRE $DYN $ORIC $ENGN

$3.6B

100 positions

#18TANG CAPITAL MANAGEMENT LLCActive

Notable overlap · 5 shared positions

$SYRE $KALV $VRDN $DNTH $CBIO

$2.0B

51 positions

#19Elmind Capital, LPActive

Notable overlap · 6 shared positions

$KALV $COGT $VRDN $CTMX $CGEM $ENGN

$352M

34 positions

#20Octagon Capital Advisors LPActive

Notable overlap · 4 shared positions

$DNTH $KALV $OCUL $COGT

$904M

29 positions

#21PERCEPTIVE ADVISORS LLCActive

Notable overlap · 9 shared positions

$SYRE $APGE $DYN $ORKA $CTMX $ENGN

$5.1B

94 positions

#22KVP Capital Advisors, LPActive

Notable overlap · 5 shared positions

$ERAS $SVRA $OCUL $VRDN $ZURA

$134M

32 positions

#23Squadron Capital Management LLCActive

Notable overlap · 5 shared positions

$KALV $COGT $MAZE $RLMD $ANL

$273M

37 positions

#24Kynam Capital Management, LPActive

Notable overlap · 6 shared positions

$COGT $VRDN $KALV $CTMX $CGEM $ENGN

$1.6B

39 positions

#255AM Venture Management, LLCActive

Notable overlap · 3 shared positions

$ERAS $SRZN $ARTV

$360M

20 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.