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 Fourth Sail

13F Portfolio OverlapQ1 2026Fourth Sail portfolio →

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Most similar hedge funds by 13F overlap

Fourth Sail Capital LP is an institutional investor managing $608M across 25 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 Fourth Sail are Moneda S.A. Administradora General de Fondos, Ancient Art,, Glenorchy Ltd, with shared positions in $MELI, $VIST, $LOMA, $DLO, $CEPU, $YPF. The full ranking of 21 similar funds is below.

#1Moneda S.A. Administradora General de FondosActive

Notable overlap · 3 shared positions

$MELI $VIST $LOMA

$123M

25 positions

#2Ancient Art, L.P.Active

Notable overlap · 3 shared positions

$MELI $LOMA $DLO

$459M

16 positions

#3Glenorchy Capital LtdSmart money

Notable overlap · 4 shared positions

$CEPU $LOMA $YPF $GPRK

$1.7B

67 positions

#4Fundamenta Capital S.A.Active

Notable overlap · 3 shared positions

$LOMA $VIST $EMBJ

$116M

11 positions

#5Equinox Partners Investment Management LLCActive

Notable overlap · 3 shared positions

$VZLA $VIST $YPF

$245M

11 positions

#6Kapitalo Investimentos LtdaActive

Notable overlap · 4 shared positions

$TECK $YPF $EMBJ $LOMA

$531M

57 positions

#7PING CAPITAL MANAGEMENT, INC.Active

Some overlap · 5 shared positions

$YPF $VIST $CEPU $LOMA $MELI

$350M

83 positions

#8Gemsstock Ltd.Active

Some overlap · 3 shared positions

$VIST $TECK $MELI

$949M

28 positions

#9ABS Direct Equity Fund LLCPassive

Some overlap · 3 shared positions

$MELI $VIST $LOMA

$131M

109 positions

#10WEXFORD CAPITAL LPActive

Some overlap · 5 shared positions

$VIST $YPF $TEO $VZLA $CEPU

$690M

164 positions

#11VR Advisory Services LtdActive

Some overlap · 3 shared positions

$VIST $YPF $GPRK

$845M

40 positions

#12GLOBEFLEX CAPITAL L PPassive

Some overlap · 3 shared positions

$IFS $YPF $CPA

$661M

387 positions

#13SPX Gestao de Recursos LtdaActive

Some overlap · 4 shared positions

$CPA $EMBJ $TEO $CEPU

$1.2B

82 positions

#14BEACONLIGHT CAPITAL, LLCPassive

Some overlap · 3 shared positions

$TECK $SXT $MEOH

$190M

34 positions

#15Absolute Gestao de Investimentos Ltda.Active

Some overlap · 5 shared positions

$MELI $DLO $CEPU $LOMA $TEO

$877M

74 positions

#16Walnut Level Capital LLCActive

Some overlap · 3 shared positions

$MEOH $SFD $AVO

$118M

39 positions

#17Carrhae Capital LLPSmart money

Some overlap · 3 shared positions

$CPA $EMBJ $VIST

$3.3B

29 positions

#18RWC Asset Management LLPActive

Some overlap · 4 shared positions

$VIST $LOMA $EMBJ $MELI

$2.4B

163 positions

#19North of South Capital LLPSmart money

Some overlap · 3 shared positions

$YPF $VIST $LOMA

$1.1B

29 positions

#20DELTEC ASSET MANAGEMENT LLCPassive

Some overlap · 4 shared positions

$VIST $EMBJ $CPA $MELI

$545M

235 positions

#21CHANNING GLOBAL ADVISORS, LLCActive

Slight overlap · 3 shared positions

$IFS $GPRK $VIST

$171M

47 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.