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 Morningstar Investment

13F Portfolio OverlapQ1 2026Morningstar Investment portfolio →

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Most similar hedge funds by 13F overlap

Morningstar Investment Management LLC is an institutional investor managing $1.6B across 315 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 Morningstar Investment are Fund Evaluation Group,, Virginia Estate & Retirement Planning Advisors, Shakespeare Wealth ,, with shared positions in $SE, $SNOW, $SCHW, $MDLZ, $PFE, $EMR. The full ranking of 25 similar funds is below.

#1Fund Evaluation Group, LLCSmart money

Notable overlap · 3 shared positions

$SE $SNOW $SCHW

$3.3B

73 positions

#2Virginia Estate & Retirement Planning Advisors Inc.Active

Notable overlap · 4 shared positions

$SE $MDLZ $PFE $EMR

$57M

159 positions

#3Shakespeare Wealth Management, LLCActive

Notable overlap · 3 shared positions

$SE $SNOW $HON

$422M

98 positions

#4Juno Financial Group LLCActive

Notable overlap · 3 shared positions

$SE $SCHW $LMT

$255M

70 positions

#5Topel & Distasi Wealth Management, LLCActive

Notable overlap · 3 shared positions

$SE $SCHW $SNOW

$193M

58 positions

#6BLUELINE ADVISORS LLCActive

Notable overlap · 3 shared positions

$SE $SCHW $RELX

$129M

217 positions

#7Madson Wealth Advisors IncPassive

Notable overlap · 4 shared positions

$SE $HON $MDLZ $EMR

$120M

84 positions

#8KEYSTONE INVESTORS PTE LTD

Notable overlap · 3 shared positions

$SE $SNOW $CTSH

$1.1B

77 positions

#9Coign Capital Advisors LLCActive

Notable overlap · 4 shared positions

$SE $HON $SCHW $AXP

$190M

80 positions

#10Westfuller Advisors, LLCPassive

Notable overlap · 5 shared positions

$SE $SNOW $SCHW $LRCX $AXP

$232M

756 positions

#11STAR Financial BankPassive

Some overlap · 3 shared positions

$SE $LMT $HON

$212M

104 positions

#12Arcadia Wealth Management, LLCActive

Some overlap · 3 shared positions

$SE $SNOW $MDLZ

$276M

67 positions

#13TSA Wealth Managment LLCPassive

Some overlap · 4 shared positions

$SE $SNOW $MDLZ $LRCX

$309M

105 positions

#14Brand Asset Management Group, Inc.Passive

Some overlap · 3 shared positions

$SE $SNOW $RELX

$385M

193 positions

#15Fonville Wealth Management LLCPassive

Some overlap · 3 shared positions

$SE $SNOW $SCHW

$525M

138 positions

#16Cooke Wealth Management, LLCSmart money

Some overlap · 3 shared positions

$SE $SCHW $FAST

$113M

37 positions

#17Cornerstone National Bank & Trust CoPassive

Some overlap · 3 shared positions

$SE $SNOW $ACN

$271M

209 positions

#18Connecticut Capital Management Group, LLCPassive

Some overlap · 3 shared positions

$SE $TTE $LRCX

$106M

109 positions

#19Omega Financial Group, LLCPassive

Some overlap · 5 shared positions

$SE $SCHW $AXP $HON $ACN

$308M

101 positions

#20Davis Wealth Advisors, LLCPassive

Some overlap · 4 shared positions

$SE $RELX $MDLZ $SNOW

$120M

72 positions

#21Addison Capital CoPassive

Some overlap · 4 shared positions

$SE $SNOW $SCHW $MDLZ

$562M

182 positions

#22Sterling Financial Planning, Inc.Active

Some overlap · 3 shared positions

$SNOW $SE $SCHW

$337M

117 positions

#23Bay Harbor Wealth Management, LLCPassive

Some overlap · 4 shared positions

$SE $SNOW $LRCX $AXP

$386M

1,301 positions

#24Kelly Financial Services LLCPassive

Some overlap · 3 shared positions

$SE $MDLZ $LMT

$414M

128 positions

#25Fedenia Advisers LLCActive

Some overlap · 3 shared positions

$SE $SNOW $LRCX

$135M

95 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.