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 Maryland State Retirement & Pension System

13F Portfolio OverlapQ2 2026Maryland State Retirement & Pension System portfolio →

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Most similar hedge funds by 13F overlap

Maryland State Retirement & Pension System is an institutional investor managing $5.8B across 1,423 U.S. equity positions as of Q2 2026. Based on the overlap of conviction holdings in their latest 13F filings, the hedge funds with portfolios most similar to Maryland State Retirement & Pension System are ONTARIO TEACHERS PENSION PLAN BOARD, KAYNE ANDERSON ADVISORS, TORTOISE ADVISORS, L.L.C., with shared positions in $ENB, $WMB, $TRP, $AMT, $KMI, $SRE. The full ranking of 25 similar funds is below.

#1ONTARIO TEACHERS PENSION PLAN BOARDSmart money

Notable overlap · 14 shared positions

$ENB $WMB $TRP $AMT $KMI $SRE

$15.8B

60 positions

#2KAYNE ANDERSON CAPITAL ADVISORS LPActive

Notable overlap · 11 shared positions

$ENB $WMB $TRP $KMI $SRE $TRGP

$5.1B

53 positions

#3TORTOISE CAPITAL ADVISORS, L.L.C.Active

Notable overlap · 12 shared positions

$ENB $WMB $TRP $KMI $TRGP $ET

$9.8B

91 positions

#4SL ADVISORS, LLCActive

Notable overlap · 9 shared positions

$ENB $WMB $TRP $KMI $TRGP $ET

$57M

32 positions

#5Recurrent Investment Advisors LLCActive

Notable overlap · 10 shared positions

$ENB $WMB $KMI $TRGP $ET $OKE

$1.6B

71 positions

#6CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENTActive

Notable overlap · 9 shared positions

$ENB $WMB $TRP $KMI $TRGP $ET

$2.2B

73 positions

#7SPIRIT OF AMERICA MANAGEMENT CORP/NYPassive

Notable overlap · 11 shared positions

$WMB $ENB $KMI $TRGP $LNG $EPD

$530M

308 positions

#8Capital Innovations LLCPassive

Notable overlap · 8 shared positions

$ENB $WMB $TRP $AMT $SRE $LNG

$385M

51 positions

#9Catalyst Capital Advisors LLCActive

Notable overlap · 9 shared positions

$WMB $TRP $ENB $KMI $TRGP $ET

$6.0B

369 positions

#10MILLER HOWARD INVESTMENTS INC /NYActive

Notable overlap · 9 shared positions

$ENB $WMB $TRP $KMI $TRGP $ET

$3.8B

152 positions

#11WESTWOOD HOLDINGS GROUP INCPassive

Notable overlap · 9 shared positions

$WMB $ENB $TRP $KMI $TRGP $ET

$13.3B

626 positions

#12Harrison Street Private Wealth LLCActive

Notable overlap · 9 shared positions

$WMB $TRP $AMT $SRE $TRGP $LNG

$71M

21 positions

#13Fractal Investments LLCActive

Notable overlap · 9 shared positions

$WMB $TRP $KMI $TRGP $ET $OKE

$867M

80 positions

#14Blackstone Inc.Active

Notable overlap · 8 shared positions

$ENB $WMB $KMI $TRGP $ET $EPD

$32.9B

518 positions

#15Ausbil Investment Management LtdPassive

Notable overlap · 8 shared positions

$ENB $WMB $AMT $OKE $LNG $FER

$221M

65 positions

#16Heronetta Management, L.P.Smart money

Notable overlap · 9 shared positions

$WMB $KMI $TRGP $ET $OKE $EPD

$109M

15 positions

#17Energy Income Partners, LLCActive

Notable overlap · 8 shared positions

$WMB $KMI $SRE $TRGP $ET $OKE

$6.4B

88 positions

#18CHICKASAW CAPITAL MANAGEMENT LLCSmart money

Notable overlap · 9 shared positions

$WMB $TRGP $ET $OKE $KMI $EPD

$2.8B

97 positions

#19DIVIDEND ASSETS CAPITAL, LLCPassive

Some overlap · 6 shared positions

$ENB $WMB $AMT $ET $OKE $EPD

$517M

137 positions

#20Partners Group Holding AGActive

Some overlap · 7 shared positions

$WMB $TRP $AMT $SRE $ENB $FER

$1.5B

52 positions

#21EAGLE GLOBAL ADVISORS LLCActive

Some overlap · 7 shared positions

$WMB $KMI $TRGP $ET $OKE $EPD

$3.0B

277 positions

#22Addis & Hill, IncSmart money

Some overlap · 7 shared positions

$WMB $KMI $TRGP $ET $OKE $EPD

$181M

29 positions

#23ANTIPODES PARTNERS LtdActive

Some overlap · 7 shared positions

$ENB $AMT $SRE $LNG $EXC $FER

$5.5B

130 positions

#24Greenline Partners, LLCActive

Some overlap · 5 shared positions

$ENB $WMB $TRP $LNG $EPD

$983M

149 positions

#25ADAMS NATURAL RESOURCES FUND, INC.Smart money

Some overlap · 7 shared positions

$WMB $KMI $TRGP $OKE $MPC $VLO

$763M

51 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.