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 Defiance ETFs,

13F Portfolio OverlapQ1 2026Defiance ETFs, portfolio →

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Most similar hedge funds by 13F overlap

Defiance ETFs, LLC is an institutional investor managing $7.0B across 366 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 Defiance ETFs, are CANTOR FITZGERALD, L. P., FirstWave, Science & Technology Partners,, with shared positions in $MSTR, $IREN, $IONQ, $SMCI, $ONDS, $OKLO. The full ranking of 25 similar funds is below.

#1CANTOR FITZGERALD, L. P.Active

Notable overlap · 10 shared positions

$MSTR $IREN $IONQ $SMCI $ONDS $OKLO

$6.8B

259 positions

#2FirstWave Capital Management LLCActive

Notable overlap · 6 shared positions

$IREN $HIMS $ONDS $SOFI $MU $COHR

$94M

27 positions

#3Science & Technology Partners, L.P.Active

Notable overlap · 9 shared positions

$RKLB $NOK $TSEM $MU $LRCX $COHR

$382M

43 positions

#4BIT Capital GmbHActive

Notable overlap · 6 shared positions

$IREN $NOK $TSEM $MU $MSTR $INTC

$2.1B

92 positions

#5UNICOM Systems, Inc.Active

Notable overlap · 6 shared positions

$RKLB $IONQ $RGTI $ARM $MU $ASML

$976M

32 positions

#6Marex Group plcPassive

Notable overlap · 6 shared positions

$MSTR $IREN $IONQ $MRVL $AMAT $KLAC

$15.8B

1,007 positions

#7WOLVERINE ASSET MANAGEMENT LLCPassive

Notable overlap · 4 shared positions

$MSTR $SMCI $IREN $ON

$10.4B

1,678 positions

#8Weiss Asset Management LPActive

Notable overlap · 4 shared positions

$MSTR $SMCI $LMT $MU

$5.9B

488 positions

#9Spear Advisors LLCActive

Notable overlap · 7 shared positions

$RKLB $TER $MRVL $MKSI $LRCX $COHR

$134M

26 positions

#10Longitude (Cayman) Ltd.Active

Notable overlap · 6 shared positions

$MSTR $SOFI $NVO $ARM $SMCI $MU

$244M

51 positions

#11ARISTEIA CAPITAL, L.L.C.Passive

Notable overlap · 4 shared positions

$MSTR $SMCI $SOFI $MKSI

$4.8B

696 positions

#12Bayesian Capital Management, LPPassive

Notable overlap · 5 shared positions

$RKLB $IONQ $IREN $NVO $SOFI

$82M

137 positions

#13Rafferty Asset Management, LLCActive

Some overlap · 10 shared positions

$TER $MRVL $MU $LRCX $AMAT $KLAC

$24.6B

1,057 positions

#14Situational Awareness LPActive

Some overlap · 4 shared positions

$IREN $MU $INTC $ASML

$13.7B

42 positions

#15GF FUND MANAGEMENT CO. LTD.Active

Some overlap · 10 shared positions

$TER $TSEM $MU $LRCX $AMAT $ASML

$6.0B

624 positions

#16Tairen Capital LtdActive

Some overlap · 9 shared positions

$TER $ARM $MKSI $MU $LRCX $COHR

$924M

44 positions

#17Alpine Global Management, LLCPassive

Some overlap · 3 shared positions

$MSTR $SMCI $ON

$668M

226 positions

#18TB Alternative Assets Ltd.Active

Some overlap · 3 shared positions

$RKLB $NOK $INTC

$481M

36 positions

#19MIZUHO MARKETS AMERICAS LLCActive

Some overlap · 7 shared positions

$RKLB $IREN $LRCX $KLAC $HON $ADI

$3.7B

190 positions

#20MORGENS WATERFALL VINTIADIS & CO INCActive

Some overlap · 3 shared positions

$RKLB $ARM $INTC

$81M

14 positions

#21Rakuten Securities, Inc.Passive

Some overlap · 7 shared positions

$SOFI $IREN $MSTR $IONQ $MU $ARM

$241M

879 positions

#22Greenland Capital Management LPPassive

Some overlap · 3 shared positions

$MSTR $RGTI $ADI

$787M

278 positions

#23McGuire Investment Group, LLCActive

Some overlap · 8 shared positions

$RKLB $LRCX $AMAT $HON $ASML $ADI

$885M

121 positions

#24DISCOVERY CAPITAL MANAGEMENT, LLC / CTActive

Some overlap · 5 shared positions

$IREN $TER $MU $LRCX $ON

$1.9B

77 positions

#25LINDEN ADVISORS LPPassive

Some overlap · 3 shared positions

$MSTR $MKSI $IREN

$17.9B

563 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.