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 OverlapQ1 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 $4.9B across 1,352 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 Maryland State Retirement & Pension System are KAYNE ANDERSON ADVISORS, TORTOISE ADVISORS, L.L.C., SL ADVISORS,, with shared positions in $ENB, $TRP, $WMB, $KMI, $SRE, $LNG. The full ranking of 25 similar funds is below.

#1KAYNE ANDERSON CAPITAL ADVISORS LPActive

Notable overlap · 12 shared positions

$ENB $TRP $WMB $KMI $SRE $LNG

$5.2B

48 positions

#2TORTOISE CAPITAL ADVISORS, L.L.C.Active

Notable overlap · 12 shared positions

$ENB $TRP $WMB $KMI $LNG $SRE

$9.6B

90 positions

#3SL ADVISORS, LLCActive

Notable overlap · 10 shared positions

$ENB $TRP $WMB $KMI $LNG $ET

$59M

32 positions

#4CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENTActive

Notable overlap · 10 shared positions

$ENB $TRP $WMB $KMI $LNG $ET

$2.0B

66 positions

#5Blackstone Inc.Active

Notable overlap · 9 shared positions

$ENB $WMB $TRP $KMI $LNG $ET

$25.6B

417 positions

#6Harrison Street Private Wealth LLCActive

Notable overlap · 12 shared positions

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

$76M

21 positions

#7MILLER HOWARD INVESTMENTS INC /NYActive

Notable overlap · 9 shared positions

$TRP $ENB $WMB $KMI $LNG $ET

$3.7B

138 positions

#8Ausbil Investment Management LtdPassive

Notable overlap · 9 shared positions

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

$201M

63 positions

#9WESTWOOD HOLDINGS GROUP INCPassive

Notable overlap · 9 shared positions

$WMB $ENB $KMI $LNG $ET $TRGP

$13.7B

461 positions

#10Energy Income Partners, LLCActive

Notable overlap · 10 shared positions

$WMB $KMI $SRE $LNG $ET $OKE

$6.2B

87 positions

#11Fractal Investments LLCActive

Notable overlap · 10 shared positions

$TRP $WMB $KMI $LNG $ET $OKE

$845M

81 positions

#12Recurrent Investment Advisors LLCActive

Notable overlap · 9 shared positions

$WMB $ENB $KMI $LNG $ET $OKE

$1.7B

67 positions

#13Partners Group Holding AGActive

Notable overlap · 8 shared positions

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

$1.4B

50 positions

#14Heronetta Management, L.P.Active

Notable overlap · 10 shared positions

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

$110M

16 positions

#15SPIRIT OF AMERICA MANAGEMENT CORP/NYPassive

Notable overlap · 8 shared positions

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

$507M

306 positions

#16ANTIPODES PARTNERS LtdActive

Notable overlap · 8 shared positions

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

$5.2B

126 positions

#17INFRASTRUCTURE CAPITAL ADVISORS, LLCActive

Notable overlap · 8 shared positions

$WMB $KMI $LNG $ET $TRGP $EPD

$1.4B

149 positions

#18DUFF & PHELPS INVESTMENT MANAGEMENT COActive

Notable overlap · 8 shared positions

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

$9.6B

148 positions

#19EAGLE GLOBAL ADVISORS LLCActive

Notable overlap · 7 shared positions

$WMB $KMI $LNG $ET $OKE $TRGP

$2.8B

276 positions

#20DIVIDEND ASSETS CAPITAL, LLCPassive

Notable overlap · 6 shared positions

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

$501M

138 positions

#21HENNESSY ADVISORS INCPassive

Notable overlap · 8 shared positions

$WMB $LNG $KMI $OKE $TRP $SRE

$2.8B

278 positions

#22Tacita Capital IncPassive

Notable overlap · 7 shared positions

$ENB $TRP $AMT $FTS $PBA $RY

$169M

238 positions

#23Addis & Hill, IncSmart money

Some overlap · 7 shared positions

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

$164M

27 positions

#24MUFG SECURITIES (CANADA), LTD.Active

Some overlap · 6 shared positions

$ENB $TRP $FTS $PBA $RY $AEM

$3.5B

43 positions

#25SCOTIA CAPITAL INC.Active

Some overlap · 6 shared positions

$ENB $TRP $FTS $PBA $RY $AEM

$24.3B

916 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.