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 Belvedere Trading

13F Portfolio OverlapQ2 2026Belvedere Trading portfolio →

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Most similar hedge funds by 13F overlap

Belvedere Trading LLC is an institutional investor managing $87.6B across 1,038 U.S. equity positions as of Q2 2026. Based on the overlap of conviction holdings in their latest 13F filings, the hedge funds with portfolios most similar to Belvedere Trading are JANE STREET GROUP, Clear Street Group, IMC-Chicago, with shared positions in $SNDK, $PLTR, $SLV, $IBIT, $SPCX, $WDC. The full ranking of 25 similar funds is below.

#1JANE STREET GROUP, LLCPassive

Slight overlap · 7 shared positions

$SNDK $PLTR $SLV $IBIT $SPCX $WDC

$1.2T

11,385 positions

#2Clear Street Group Inc.Active

Slight overlap · 11 shared positions

$SNDK $PLTR $MSTR $SPCX $SMCI $CBRS

$39.5B

1,414 positions

#3IMC-Chicago, LLCPassive

Slight overlap · 8 shared positions

$SNDK $PLTR $SLV $MSTR $WDC $BE

$418.7B

6,591 positions

#4Golden State Wealth Management, LLCPassive

Slight overlap · 4 shared positions

$SNDK $PLTR $SLV $MSTR

$1.1B

1,620 positions

#5CANTOR FITZGERALD, L. P.Active

Slight overlap · 7 shared positions

$SNDK $PLTR $MSTR $IBIT $SPCX $SMCI

$9.2B

319 positions

#6Marex Group plcPassive

Slight overlap · 7 shared positions

$SNDK $MSTR $IBIT $SPCX $SMCI $CBRS

$23.6B

1,117 positions

#7SUSQUEHANNA INTERNATIONAL GROUP, LLPPassive

Slight overlap · 7 shared positions

$SNDK $PLTR $SLV $SPCX $WDC $BE

$1.3T

13,275 positions

#8CITADEL ADVISORS LLCPassive

Slight overlap · 6 shared positions

$SNDK $PLTR $SLV $SPCX $WDC $ASML

$875.1B

13,575 positions

#9Rakuten Securities, Inc.Active

Slight overlap · 7 shared positions

$SNDK $PLTR $MSTR $WDC $ALAB $COIN

$430M

914 positions

#10GROUP ONE TRADING, L.P.Passive

Slight overlap · 7 shared positions

$SNDK $PLTR $SLV $WDC $ASST $BE

$71.1B

7,824 positions

#11Aragon Global Management, LPActive

Slight overlap · 4 shared positions

$SNDK $PLTR $SLV $BE

$264M

23 positions

#12Cable Car Capital, LPActive

Slight overlap · 3 shared positions

$SNDK $PLTR $MSTR

$4.7B

215 positions

#13Quadrature Capital LtdPassive

Slight overlap · 6 shared positions

$SNDK $PLTR $MSTR $SMCI $WDC $ASML

$11.7B

1,542 positions

#14Blue Sparrow, LLC /DEActive

Slight overlap · 4 shared positions

$SNDK $PLTR $IBIT $COIN

$10.3B

126 positions

#15Foundation Wealth Management, LLCSmart money

Slight overlap · 3 shared positions

$SNDK $PLTR $IBIT

$169M

51 positions

#16EXCHANGE TRADED CONCEPTS, LLCPassive

Slight overlap · 5 shared positions

$SNDK $MSTR $IBIT $WDC $ASML

$21.9B

1,580 positions

#17Legacy Wealth Managment, LLC/IDPassive

Slight overlap · 4 shared positions

$SNDK $SLV $IBIT $WDC

$243M

196 positions

#18Pilgrim Partners Asia Pte LtdActive

Slight overlap · 4 shared positions

$SNDK $IBIT $PLTR $WDC

$234M

108 positions

#19Scientech Research LLCPassive

Slight overlap · 6 shared positions

$SNDK $MSTR $SPCX $CBRS $ASST $ALAB

$123M

224 positions

#20LMR Partners LLPPassive

Slight overlap · 9 shared positions

$SNDK $PLTR $SLV $MSTR $IBIT $SPCX

$26.8B

1,491 positions

#21Strategic Investment Solutions, Inc. /ILPassive

Slight overlap · 3 shared positions

$SNDK $PLTR $SLV

$437M

707 positions

#22Hudson Bay Capital Management LPPassive

Slight overlap · 6 shared positions

$SNDK $PLTR $SPCX $BE $BABA $ECHO

$36.8B

1,335 positions

#23Kultura Capital Management LPActive

Slight overlap · 5 shared positions

$SNDK $PLTR $SPCX $BE $ASML

$553M

66 positions

#24SIG BROKERAGE, LPPassive

Slight overlap · 5 shared positions

$SNDK $SLV $SPCX $WDC $ASML

$5.1B

905 positions

#25GF FUND MANAGEMENT CO. LTD.Active

Slight overlap · 5 shared positions

$SNDK $PLTR $CBRS $WDC $ASML

$8.3B

587 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.