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 Perseverance Asset International

13F Portfolio OverlapQ1 2026Perseverance Asset International portfolio →

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Most similar hedge funds by 13F overlap

Perseverance Asset Management International is an institutional investor managing $909M across 21 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 Perseverance Asset International are True Light Pte. Ltd., Triata Ltd, Krane Funds Advisors, with shared positions in $PDD, $HTHT, $YUMC, $TCOM, $NTES, $BEKE. The full ranking of 25 similar funds is below.

#1True Light Capital Pte. Ltd.Active

Highly similar · 5 shared positions

$PDD $HTHT $YUMC $TCOM $NTES

$198M

8 positions

#2Triata Capital LtdSmart money

Substantial overlap · 5 shared positions

$PDD $TCOM $BEKE $HTHT $IQ

$552M

14 positions

#3Krane Funds Advisors LLCActive

Substantial overlap · 3 shared positions

$PDD $BZ $AMD

$2.4B

173 positions

#4SC CHINA HOLDING LtdSmart money

Substantial overlap · 4 shared positions

$PDD $BEKE $FUTU $BZ

$1.6B

20 positions

#5BRILLIANCE ASSET MANAGEMENT LTDActive

Substantial overlap · 4 shared positions

$PDD $BZ $FUTU $TCOM

$339M

16 positions

#6Hillhouse Capital Advisors, Ltd.Smart money

Substantial overlap · 5 shared positions

$PDD $BEKE $FUTU $YSG $LITE

$1.7B

38 positions

#7IvyRock Asset Management (HK) LtdActive

Substantial overlap · 3 shared positions

$PDD $BEKE $AMD

$178M

25 positions

#8Franchise GP LtdActive

Substantial overlap · 7 shared positions

$PDD $LITE $FUTU $AMD $SNDK $MU

$272M

36 positions

#9Greenwoods Asset Management Hong Kong Ltd.Smart money

Substantial overlap · 6 shared positions

$PDD $TCOM $FUTU $NTES $HTHT $LITE

$3.9B

25 positions

#10E Fund Management (Hong Kong) Co., Ltd.Passive

Notable overlap · 6 shared positions

$PDD $YUMC $HTHT $BZ $AMD $MU

$220M

491 positions

#11MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLCPassive

Notable overlap · 6 shared positions

$PDD $YUMC $BZ $FUTU $TCOM $MU

$246M

37 positions

#12E Fund Management Co., Ltd.Passive

Notable overlap · 7 shared positions

$PDD $LITE $FUTU $BZ $AMD $SNDK

$3.4B

489 positions

#13Maytree Asset Management LtdActive

Notable overlap · 4 shared positions

$PDD $LITE $TCOM $SNDK

$141M

20 positions

#14TB Alternative Assets Ltd.Active

Notable overlap · 3 shared positions

$PDD $TCOM $LITE

$481M

36 positions

#15Headwater Capital Co LtdActive

Notable overlap · 6 shared positions

$TCOM $PDD $FUTU $LITE $BZ $MU

$622M

15 positions

#16Polymer Capital Management (HK) LTDActive

Notable overlap · 6 shared positions

$PDD $FUTU $LITE $AMD $SNDK $MU

$1.2B

154 positions

#17Anatole Investment Management LtdActive

Notable overlap · 4 shared positions

$PDD $LITE $SNDK $MU

$716M

15 positions

#18Yiheng Capital Management, L.P.Active

Notable overlap · 3 shared positions

$HTHT $TCOM $YSG

$231M

24 positions

#19AI-Squared Management LtdActive

Notable overlap · 6 shared positions

$TCOM $FUTU $LITE $AMD $SNDK $MU

$137M

19 positions

#20FACT Capital, LPActive

Notable overlap · 3 shared positions

$PDD $FUTU $LITE

$150M

17 positions

#21XY Capital LtdPassive

Notable overlap · 4 shared positions

$YUMC $HTHT $XPEV $NIO

$101M

95 positions

#22Taikang Asset Management (Hong Kong) Co LtdPassive

Notable overlap · 5 shared positions

$PDD $FUTU $LITE $NTES $MU

$1.0B

75 positions

#23PLATINUM INVESTMENT MANAGEMENT LTDPassive

Some overlap · 4 shared positions

$TCOM $PDD $HTHT $MU

$397M

89 positions

#24Capstone Capital Management LtdActive

Some overlap · 4 shared positions

$PDD $LITE $SNDK $MU

$99M

51 positions

#25Pinpoint Asset Management (Singapore) Pte. Ltd.Active

Some overlap · 5 shared positions

$TCOM $PDD $LITE $SNDK $FUTU

$433M

150 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.