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 Watchman Group

13F Portfolio OverlapQ3 2026Watchman Group portfolio →

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Most similar hedge funds by 13F overlap

Watchman Group, Inc. is an institutional investor managing $434M across 72 U.S. equity positions as of Q3 2026. Based on the overlap of conviction holdings in their latest 13F filings, the hedge funds with portfolios most similar to Watchman Group are NOESIS MANGEMENT, FENIMORE ASSET, Sandhill Partners, with shared positions in $APH, $SYK, $CMI, $A, $LOW, $MKL. The full ranking of 25 similar funds is below.

#1NOESIS CAPITAL MANGEMENT CORPActive

Notable overlap · 5 shared positions

$APH $SYK $CMI $A $LOW

$843M

131 positions

#2FENIMORE ASSET MANAGEMENT INCActive

Notable overlap · 5 shared positions

$APH $SYK $MKL $A $VRSK

$4.6B

93 positions

#3Sandhill Capital Partners LLCActive

Notable overlap · 4 shared positions

$APH $SYK $UBER $NOW

$1.2B

98 positions

#4Advocacy Wealth Management, LLCActive

Notable overlap · 6 shared positions

$SYK $UBER $APH $NOW $LOW $INTU

$2.8B

151 positions

#5MCDANIEL TERRY & COActive

Notable overlap · 5 shared positions

$APH $PCAR $SYK $INTU $ACN

$1.3B

81 positions

#6NORTH POINT PORTFOLIO MANAGERS CORP/OHPassive

Notable overlap · 4 shared positions

$APH $UBER $TPL $ACN

$595M

264 positions

#7Stone Summit Wealth LLCPassive

Notable overlap · 5 shared positions

$APH $CMI $SYK $LOW $A

$370M

137 positions

#8COMPASS CAPITAL MANAGEMENT, INCActive

Notable overlap · 4 shared positions

$APH $SYK $ACN $NOW

$1.7B

91 positions

#9PROFESSIONAL ADVISORY SERVICES INCActive

Notable overlap · 3 shared positions

$APH $SYK $GD

$837M

90 positions

#10Tandem Investment Advisors, Inc.Passive

Notable overlap · 4 shared positions

$APH $SYK $INTU $VRSK

$1.5B

68 positions

#11LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MAActive

Notable overlap · 6 shared positions

$SYK $NXPI $NOW $INTU $LOW $CSL

$10.8B

564 positions

#12Two Point Capital Management, Inc.Active

Notable overlap · 5 shared positions

$DHI $CMI $SYK $ACN $INTU

$223M

30 positions

#13HARBER ASSET MANAGEMENT LLCPassive

Notable overlap · 5 shared positions

$DHI $NOW $ACN $NXPI $INTU

$166M

39 positions

#14Madison Asset Management, LLCPassive

Notable overlap · 6 shared positions

$APH $PCAR $CSL $A $LOW $VRSK

$8.4B

347 positions

#15Mendel Money ManagementPassive

Notable overlap · 6 shared positions

$APH $NXPI $NOW $LOW $UBER $ACN

$273M

127 positions

#16OAK FAMILY ADVISORS, LLCPassive

Notable overlap · 4 shared positions

$SYK $APH $UBER $TPL

$385M

108 positions

#17Regency Capital Management Inc.\DEPassive

Notable overlap · 3 shared positions

$APH $MKL $NVR

$251M

64 positions

#18Sather Financial Group IncActive

Notable overlap · 4 shared positions

$MKL $NXPI $ACN $INTU

$1.7B

121 positions

#19Midway Capital Research & ManagementActive

Notable overlap · 3 shared positions

$APH $SYK $VRSK

$118M

50 positions

#20Dundas Partners LLPActive

Notable overlap · 3 shared positions

$APH $SYK $INTU

$1.4B

31 positions

#21Gibraltar Capital Management, Inc.Active

Notable overlap · 4 shared positions

$NXPI $UBER $WAB $DHI

$664M

130 positions

#22Martin Investment Management, LLCActive

Notable overlap · 4 shared positions

$WAB $NXPI $SYK $ACN

$300M

47 positions

#23Stonehage Fleming Financial Services Holdings LtdActive

Notable overlap · 4 shared positions

$APH $SYK $VRSK $UBER

$2.9B

215 positions

#24Bristol Gate Capital Partners Inc.Active

Notable overlap · 3 shared positions

$APH $WAB $VRSK

$1.4B

33 positions

#25First Long Island Investors, LLCActive

Notable overlap · 3 shared positions

$APH $LOW $UBER

$1.4B

73 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.