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 Ovata Ltd

13F Portfolio OverlapQ1 2026Ovata Ltd portfolio →

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Most similar hedge funds by 13F overlap

Ovata Capital Management Ltd is an institutional investor managing $715M across 38 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 Ovata Ltd are HUDSON EDGE INVESTMENT PARTNERS, Aequim Alternative Investments, NINE MASTS Ltd, with shared positions in $RYAAY, $HDB, $WBD, $BABA, $WEC, $CNP. The full ranking of 25 similar funds is below.

#1HUDSON EDGE INVESTMENT PARTNERS INC.Active

Notable overlap · 3 shared positions

$RYAAY $HDB $WBD

$684M

101 positions

#2Aequim Alternative Investments LPActive

Notable overlap · 7 shared positions

$BABA $WEC $CNP $JAZZ $TCOM $PPL

$5.2B

102 positions

#3NINE MASTS CAPITAL LtdActive

Notable overlap · 7 shared positions

$HDB $BABA $NIO $ASX $WBD $RYAAY

$693M

249 positions

#4XY Capital LtdPassive

Notable overlap · 4 shared positions

$BABA $HDB $HTHT $NIO

$101M

95 positions

#5WOLVERINE ASSET MANAGEMENT LLCPassive

Notable overlap · 7 shared positions

$BABA $COIN $PPL $NIO $HTHT $LI

$10.4B

1,678 positions

#6ANGELO GORDON & CO., L.P.

Notable overlap · 5 shared positions

$WEC $PPL $PNW $STWD $WBD

$1.1B

61 positions

#7ParaFi Capital LPActive

Notable overlap · 4 shared positions

$IBIT $FBTC $BTC $COIN

$462M

22 positions

#8KALEIDOSCOPE CAPITAL LPActive

Notable overlap · 3 shared positions

$IBIT $FBTC $BTC

$260M

15 positions

#9Ruffer LLPPassive

Notable overlap · 3 shared positions

$BABA $COIN $WBD

$2.4B

176 positions

#10ZAZOVE ASSOCIATES LLCActive

Notable overlap · 4 shared positions

$JAZZ $PPL $SO $MKSI

$1.2B

160 positions

#11Pinpoint Asset Management (Singapore) Pte. Ltd.Active

Notable overlap · 5 shared positions

$IBIT $COIN $TCOM $LI $MKSI

$433M

150 positions

#12DAVIDSON KEMPNER CAPITAL MANAGEMENT LPActive

Notable overlap · 6 shared positions

$BABA $HTHT $NIO $MKSI $LI $TCOM

$7.3B

231 positions

#13PenderFund Capital Management Ltd.Passive

Notable overlap · 4 shared positions

$PPL $SO $BABA $NIO

$639M

253 positions

#14ADVENT CAPITAL MANAGEMENT /DE/Passive

Notable overlap · 5 shared positions

$SO $PPL $CNP $WEC $TCOM

$3.6B

215 positions

#15Ares Systematic Credit LtdPassive

Notable overlap · 5 shared positions

$WEC $SO $PNW $COIN $MKSI

$127M

150 positions

#16Upper Left Wealth Management, LLCPassive

Notable overlap · 4 shared positions

$IBIT $BABA $BTC $FBTC

$169M

68 positions

#17Benson Wealth Management INCPassive

Notable overlap · 3 shared positions

$IBIT $BTC $COIN

$73M

354 positions

#18SSI INVESTMENT MANAGEMENT LLCPassive

Notable overlap · 6 shared positions

$MKSI $WEC $SO $JAZZ $PPL $BABA

$1.4B

240 positions

#19CAMDEN ASSET MANAGEMENT L P /CAActive

Notable overlap · 4 shared positions

$WEC $SO $JAZZ $PNW

$2.9B

69 positions

#20Shaolin Capital Management LLCPassive

Notable overlap · 3 shared positions

$PNW $JAZZ $SO

$2.7B

491 positions

#21Portman Square Capital LLPActive

Notable overlap · 3 shared positions

$JAZZ $SO $STWD

$2.6B

102 positions

#22Energy Income Partners, LLCActive

Notable overlap · 4 shared positions

$SO $PPL $CNP $WEC

$6.2B

87 positions

#23SIH Partners, LLLPActive

Some overlap · 4 shared positions

$BABA $LI $IBIT $BIDU

$7.6B

291 positions

#24Oasis Management Co Ltd.Active

Some overlap · 5 shared positions

$BABA $HTHT $TCOM $NIO $BYND

$1.7B

110 positions

#25True Light Capital Pte. Ltd.Active

Some overlap · 3 shared positions

$BABA $HTHT $TCOM

$198M

8 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.