What hedge funds are most similar to Sand Grove Capital Management LLP?

The funds with the most similar 13F portfolios to Sand Grove Capital Management LLP are WATER ISLAND, PSquared Asset AG, Kryger, based on overlapping conviction holdings in the latest SEC filings.

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 Sand Grove LLP

13F Portfolio OverlapQ1 2026Sand Grove LLP portfolio →

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Most similar hedge funds by 13F overlap

Sand Grove Capital Management LLP is an institutional investor managing $444M across 19 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 Sand Grove LLP are WATER ISLAND, PSquared Asset AG, Kryger, with shared positions in $EA, $TXNM, $WBD, $PEN, $NSC, $WBS. The full ranking of 25 similar funds is below.

#1WATER ISLAND CAPITAL LLCPassive

Highly similar · 13 shared positions

$EA $TXNM $WBD $PEN $NSC $WBS

$896M

98 positions

#2PSquared Asset Management AGActive

Substantial overlap · 5 shared positions

$WBD $AAUC $NSC $IHS $PEN

$287M

15 positions

#3Kryger Capital LLCActive

Substantial overlap · 8 shared positions

$NSC $EA $WBD $CWAN $PEN $SLAB

$1.4B

76 positions

#4HBK INVESTMENTS L PActive

Substantial overlap · 8 shared positions

$EA $PEN $NSC $WBD $CWAN $TXNM

$9.9B

346 positions

#5Melqart Asset Management (UK) LtdActive

Substantial overlap · 10 shared positions

$EA $TXNM $WBD $CWAN $NSC $PEN

$1.0B

41 positions

#6CIBRA Capital LtdActive

Substantial overlap · 9 shared positions

$TXNM $AAUC $CWAN $PEN $WBD $VAL

$207M

25 positions

#7Westchester Capital Management, LLCPassive

Substantial overlap · 7 shared positions

$WBD $NSC $EA $WBS $CWAN $CTRA

$2.2B

307 positions

#8Kintayl Capital LPPassive

Substantial overlap · 13 shared positions

$WBS $NSC $AES $VAL $EA $AAUC

$192M

54 positions

#9HARVEST MANAGEMENT LLCActive

Substantial overlap · 8 shared positions

$NSC $EA $WBD $CWAN $PEN $WBS

$206M

55 positions

#10Fort Baker Capital Management LPPassive

Substantial overlap · 7 shared positions

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

$1.3B

121 positions

#11Birnam Oak Advisors, LPActive

Substantial overlap · 5 shared positions

$WBD $NSC $PEN $CWAN $TXNM

$441M

35 positions

#12ALPINE ASSOCIATES MANAGEMENT INC.Passive

Substantial overlap · 11 shared positions

$NSC $EA $VAL $SLAB $PEN $WBD

$1.7B

70 positions

#13Pentwater Capital Management LPActive

Substantial overlap · 7 shared positions

$WBD $EA $NSC $CWAN $TXNM $WBS

$19.3B

92 positions

#14NINE MASTS CAPITAL LtdActive

Substantial overlap · 10 shared positions

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

$693M

249 positions

#15Governors Lane LPPassive

Substantial overlap · 5 shared positions

$WBD $NSC $EA $TXNM $AES

$1.6B

190 positions

#16TIG Advisors, LLCActive

Substantial overlap · 11 shared positions

$CWAN $WBD $NSC $EA $WBS $SLAB

$2.2B

107 positions

#17Decagon Asset Management LLPActive

Substantial overlap · 4 shared positions

$NSC $EA $PEN $CWAN

$386M

77 positions

#18Slotnik Capital, LLCActive

Substantial overlap · 8 shared positions

$PEN $WBS $WBD $SLAB $NSC $TWO

$342M

27 positions

#19GABELLI & Co INVESTMENT ADVISERS, INC.Passive

Substantial overlap · 12 shared positions

$EA $WBD $TXNM $CWAN $PEN $NSC

$674M

297 positions

#20Twin Securities, Inc.Active

Substantial overlap · 4 shared positions

$WBD $EA $CWAN $TERN

$206M

17 positions

#21Laurion Capital Management LPPassive

Substantial overlap · 3 shared positions

$WBD $NSC $EA

$2.3B

349 positions

#22AQR Arbitrage LLCPassive

Substantial overlap · 11 shared positions

$EA $PEN $NSC $WBS $AES $WBD

$6.1B

556 positions

#23P SCHOENFELD ASSET MANAGEMENT LPPassive

Substantial overlap · 4 shared positions

$WBD $EA $NSC $PEN

$184M

35 positions

#24Absolute Gestao de Investimentos Ltda.Active

Substantial overlap · 5 shared positions

$AAUC $EA $WBS $CWAN $TERN

$877M

74 positions

#25KRYGER CAPITAL Ltd

Notable overlap · 4 shared positions

$NSC $EA $CWAN $WBD

$1.3B

50 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.