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 Oaktree Fund Advisors,

13F Portfolio OverlapQ1 2026Oaktree Fund Advisors, portfolio →

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Most similar hedge funds by 13F overlap

Oaktree Fund Advisors, LLC is an institutional investor managing $57M across 14 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 Oaktree Fund Advisors, are Breakout Partners,, Seafarer Partners,, ARGA Investment ,, with shared positions in $PBR, $ITUB, $HDB, $XP, $YPF, $EMBJ. The full ranking of 21 similar funds is below.

#1Breakout Capital Partners, LPActive

Substantial overlap · 3 shared positions

$PBR $ITUB $HDB

$174M

8 positions

#2Seafarer Capital Partners, LLCActive

Substantial overlap · 3 shared positions

$ITUB $XP $HDB

$436M

9 positions

#3ARGA Investment Management, LPActive

Notable overlap · 3 shared positions

$PBR $XP $HDB

$3.0B

109 positions

#4TT International Asset Management LTDActive

Notable overlap · 3 shared positions

$ITUB $YPF $PBR

$916M

48 positions

#5Carrhae Capital LLPSmart money

Notable overlap · 3 shared positions

$ITUB $EMBJ $AU

$3.3B

29 positions

#6OAKTREE CAPITAL MANAGEMENT LPActive

Notable overlap · 9 shared positions

$AU $PBR $B $ITUB $FCX $XP

$6.3B

142 positions

#7Westwood Global Investments, LLCSmart money

Notable overlap · 3 shared positions

$ITUB $HDB $TX

$2.7B

12 positions

#8Itau Unibanco Holding S.A.Active

Notable overlap · 3 shared positions

$PBR $ITUB $EMBJ

$4.2B

342 positions

#9MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLCPassive

Notable overlap · 4 shared positions

$ITUB $HDB $PBR $FCX

$246M

37 positions

#10Navi International - Administradora e Gestora de Recursos Financeiros Ltda.Active

Notable overlap · 4 shared positions

$XP $PBR $EMBJ $ITUB

$222M

14 positions

#11GQG Partners LLCActive

Notable overlap · 4 shared positions

$PBR $HDB $ITUB $EMBJ

$63.1B

81 positions

#12SPX Gestao de Recursos LtdaActive

Some overlap · 3 shared positions

$PBR $XP $EMBJ

$1.2B

82 positions

#13Perpetual LtdPassive

Some overlap · 4 shared positions

$FCX $ITUB $B $PBR

$6.5B

424 positions

#14VPR Management LLCActive

Some overlap · 4 shared positions

$FCX $ITUB $PBR $XP

$250M

65 positions

#15Ramirez Asset Management, Inc.Passive

Some overlap · 3 shared positions

$ITUB $EMBJ $AU

$832M

349 positions

#16Kapitalo Investimentos LtdaActive

Some overlap · 4 shared positions

$YPF $EMBJ $XP $PBR

$531M

57 positions

#17Point Nemo Capital, LLCPassive

Some overlap · 3 shared positions

$AU $PBR $ITUB

$152M

80 positions

#18U S GLOBAL INVESTORS INCPassive

Some overlap · 4 shared positions

$AU $EMBJ $JBLU $B

$858M

135 positions

#19Aubrey Capital Management LtdPassive

Some overlap · 3 shared positions

$EMBJ $AU $HDB

$186M

50 positions

#20QUATTRO FINANCIAL ADVISORS LLCPassive

Slight overlap · 3 shared positions

$FCX $ITUB $YPF

$331M

91 positions

#21Ulysses Management LLCSmart money

Slight overlap · 3 shared positions

$EMBJ $FCX $B

$802M

35 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.