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 Candelo

13F Portfolio OverlapQ1 2026Candelo portfolio →

Institutional-grade research for retail investors

Most similar hedge funds by 13F overlap

Candelo Capital Management LP is an institutional investor managing $121M across 31 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 Candelo are Tribune Investment Group, PINNBROOK, HALLSTATT ADVISORS, with shared positions in $LIN, $ADI, $WMB, $ATI, $CW, $KGS. The full ranking of 25 similar funds is below.

#1Tribune Investment Group LPActive

Substantial overlap · 5 shared positions

$LIN $ADI $WMB $ATI $CW

$261M

30 positions

#2PINNBROOK CAPITAL MANAGEMENT LPActive

Notable overlap · 6 shared positions

$KGS $LIN $AMAT $MOD $CW $ATI

$384M

45 positions

#3HALLSTATT ADVISORS L.P.Active

Notable overlap · 3 shared positions

$CTRI $GVA $SEI

$126M

15 positions

#4Bornite Capital Management LPActive

Notable overlap · 4 shared positions

$CTRI $PWR $TLN $LNG

$595M

17 positions

#5Ripple Effect Asset Management LPSmart money

Notable overlap · 3 shared positions

$KGS $WMB $TLN

$679M

24 positions

#6Palestra Capital Management LLCActive

Notable overlap · 3 shared positions

$LIN $ADI $AMAT

$2.6B

23 positions

#7Phraction Management LLCActive

Notable overlap · 5 shared positions

$ADI $LIN $WMB $AMAT $TDY

$483M

65 positions

#8Gunderson Capital Management Inc.Passive

Notable overlap · 5 shared positions

$PWR $AMAT $LNG $ADI $SEI

$239M

46 positions

#9GRANDFIELD & DODD, LLCPassive

Notable overlap · 4 shared positions

$ADI $AMAT $LIN $TDY

$1.8B

209 positions

#10Rivermont Capital Management LPActive

Notable overlap · 3 shared positions

$WMB $LIN $WWD

$475M

20 positions

#11Heights Point Management, LPActive

Notable overlap · 3 shared positions

$CTRI $MRCY $GLW

$108M

21 positions

#12XN LPActive

Notable overlap · 3 shared positions

$MOD $AMAT $GLW

$2.7B

23 positions

#13CAPITAL MANAGEMENT ASSOCIATES /NY/Passive

Notable overlap · 5 shared positions

$PWR $AMAT $LIN $CW $LNG

$60M

36 positions

#14CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENTActive

Notable overlap · 5 shared positions

$WMB $LNG $TLN $SEI $PWR

$2.0B

66 positions

#15Gallo Partners, LPPassive

Notable overlap · 4 shared positions

$GVA $WWD $ATI $GLW

$52M

39 positions

#16Retireful, LLCPassive

Notable overlap · 6 shared positions

$GLW $AMAT $WWD $CW $LNG $TDY

$71M

84 positions

#17ARGUS INVESTORS' COUNSEL, INC.Passive

Notable overlap · 3 shared positions

$PWR $ADI $AMAT

$112M

102 positions

#18Hill City Capital, LPSmart money

Notable overlap · 3 shared positions

$GVA $CTRI $ATS

$2.8B

23 positions

#19Westend Capital Management, LLCPassive

Notable overlap · 3 shared positions

$KGS $PWR $GVA

$333M

254 positions

#20CloudAlpha Capital Management Limited/Hong KongActive

Notable overlap · 4 shared positions

$MOD $PWR $MTSI $GLW

$2.9B

56 positions

#21AMJ Financial Wealth ManagementPassive

Notable overlap · 3 shared positions

$PWR $AMAT $GLW

$424M

86 positions

#22REAVES W H & CO INCActive

Notable overlap · 4 shared positions

$TLN $WMB $PWR $GLW

$6.0B

90 positions

#23SCOPUS ASSET MANAGEMENT, L.P.Passive

Notable overlap · 3 shared positions

$LIN $ESI $LNG

$5.8B

280 positions

#24Tairen Capital LtdActive

Notable overlap · 3 shared positions

$LIN $AMAT $GLW

$924M

44 positions

#25BOWEN HANES & CO INCActive

Notable overlap · 3 shared positions

$ATI $TDY $GLW

$4.1B

151 positions

Compare Candelo’s portfolio side by side

See the exact shared positions, conviction overlap, sector alignment, and where these funds diverge — and run the same analysis on any of 8,700+ institutions.

View Candelo’s holdings

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.