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 HGC Investment

13F Portfolio OverlapQ1 2026HGC Investment portfolio →

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Most similar hedge funds by 13F overlap

HGC Investment Management Inc. is an institutional investor managing $451M across 170 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 HGC Investment are Wealthspring, MMCAP International SPC, GRITSTONE ASSET, with shared positions in $PACH, $RDAG, $TACH, $ITHA, $MBVI, $IRHO. The full ranking of 25 similar funds is below.

#1Wealthspring Capital LLCPassive

Substantial overlap · 13 shared positions

$PACH $RDAG $TACH $ITHA $MBVI $IRHO

$421M

195 positions

#2MMCAP International Inc. SPCPassive

Notable overlap · 13 shared positions

$DMII $FERA $RDAG $CEPF $IRHO $NPAC

$1.2B

244 positions

#3GRITSTONE ASSET MANAGEMENT LLCPassive

Notable overlap · 11 shared positions

$AACB $OBA $LPCV $KFII $SZZL $RDAG

$94M

154 positions

#4Lineage Point Capital LPPassive

Notable overlap · 11 shared positions

$WENN $DMII $TACH $FCRS $BLZR $APXT

$409M

271 positions

#5Governors Lane LPPassive

Notable overlap · 10 shared positions

$EA $FERA $RDAG $HCMA $CEPV $NPAC

$1.6B

190 positions

#6Crossingbridge Advisors, LLCPassive

Notable overlap · 10 shared positions

$SOUL $RDAG $WENN $TACH $CRAC $AXIN

$553M

156 positions

#7METEORA CAPITAL, LLCPassive

Notable overlap · 10 shared positions

$RDAG $HCMA $EA $BLZR $APXT $MBVI

$1.4B

384 positions

#8HEIGHTS CAPITAL MANAGEMENT, INCPassive

Notable overlap · 13 shared positions

$DMII $IRHO $FERA $AIIA $TVAI $OBA

$359M

265 positions

#9PERISCOPE CAPITAL INC.Passive

Notable overlap · 12 shared positions

$HCMA $SPEG $KFII $AACB $MBVI $APXT

$902M

429 positions

#10Radcliffe Capital Management, L.P.Passive

Notable overlap · 15 shared positions

$WENN $EVOX $HCMA $AACB $KFII $NPAC

$1.3B

405 positions

#11RLH Capital LLCPassive

Notable overlap · 7 shared positions

$SOUL $AACB $NPAC $HAVA $CEPV $QUMS

$197M

108 positions

#12L1 Global Manager Pty LtdPassive

Notable overlap · 7 shared positions

$KFII $AIIA $RDAG $DMII $IRHO $LCCC

$149M

116 positions

#13Westchester Capital Management, LLCPassive

Notable overlap · 10 shared positions

$EA $SZZL $KFII $TACH $SOUL $PACH

$2.2B

307 positions

#14FIFTH LANE CAPITAL, LPActive

Some overlap · 3 shared positions

$EA $CEPV $FCRS

$82M

58 positions

#15Logan Stone Capital, LLCActive

Some overlap · 5 shared positions

$OBA $TVAI $AIIA $LKSP $CRAC

$360M

133 positions

#16Harraden Circle Investments, LLCPassive

Some overlap · 7 shared positions

$CEPV $CEPF $FCRS $PAII $RDAG $WENN

$499M

180 positions

#17HIGHBRIDGE CAPITAL MANAGEMENT LLCActive

Some overlap · 3 shared positions

$EA $MBVI $HCMA

$3.1B

378 positions

#18JPMORGAN CHASE & COActive

Some overlap · 3 shared positions

$EA $MBVI $HCMA

$3.1B

378 positions

#19First Trust Capital Management L.P.Passive

Some overlap · 4 shared positions

$EA $SOUL $DMII $CEPF

$1.9B

182 positions

#20Mercuria Capital Strategies, LLCActive

Some overlap · 3 shared positions

$DMII $PAII $CEPF

$262M

31 positions

#21MANGROVE PARTNERS IM, LLCPassive

Some overlap · 8 shared positions

$AXIN $HAVA $KFII $AIIA $SZZL $TVAI

$1.2B

427 positions

#22KRYGER CAPITAL Ltd

Some overlap · 10 shared positions

$EA $IRHO $LPCV $ITHA $MBVI $FCRS

$1.3B

50 positions

#23Kryger Capital LLCActive

Some overlap · 8 shared positions

$EA $DMII $IRHO $MBVI $FCRS $CEPF

$1.4B

76 positions

#24Stoic Point Capital Management LLCActive

Some overlap · 7 shared positions

$IRHO $CRAN $SBXE $LPCV $ITHA $PACH

$103M

63 positions

#25Decagon Asset Management LLPActive

Slight overlap · 5 shared positions

$EA $KFII $EVOX $AXIN $AIIA

$386M

77 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.