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 DARK FOREST

13F Portfolio OverlapQ2 2026DARK FOREST portfolio →

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Most similar hedge funds by 13F overlap

DARK FOREST CAPITAL MANAGEMENT LP is an institutional investor managing $1.5B across 777 U.S. equity positions as of Q2 2026. Based on the overlap of conviction holdings in their latest 13F filings, the hedge funds with portfolios most similar to DARK FOREST are DEAN INVESTMENT ASSOCIATES, Unifi Asset, WEST MICHIGAN ADVISORS, with shared positions in $WEC, $EOG, $ITW, $PAYX, $PFSI, $OMF. The full ranking of 25 similar funds is below.

#1DEAN INVESTMENT ASSOCIATES, LLCPassive

Slight overlap · 4 shared positions

$WEC $EOG $ITW $PAYX

$761M

193 positions

#2Unifi Asset Management LPActive

Slight overlap · 5 shared positions

$PFSI $OMF $PFH $CAG $TMUS

$251M

62 positions

#3WEST MICHIGAN ADVISORS, LLCPassive

Slight overlap · 4 shared positions

$EOG $ITW $AXP $HBAN

$455M

298 positions

#4VALLEY WEALTH MANAGERS, INC.Passive

Slight overlap · 4 shared positions

$SSNC $CFG $COR $TMUS

$1.8B

345 positions

#5Applied Capital LLC/FLActive

Slight overlap · 4 shared positions

$ITW $FITB $AXP $TRV

$252M

93 positions

#6St. James Investment Company, LLCActive

Slight overlap · 4 shared positions

$EOG $IEX $TRV $L

$630M

24 positions

#7Unison Advisors LLCActive

Slight overlap · 4 shared positions

$EOG $FITB $TRV $PFH

$1.4B

173 positions

#8CAUSEWAY CAPITAL MANAGEMENT LLCActive

Slight overlap · 3 shared positions

$AXS $DTB $CFG

$9.2B

122 positions

#9CRAWFORD INVESTMENT COUNSEL INCActive

Slight overlap · 4 shared positions

$WEC $AXP $PAYX $HBAN

$6.0B

306 positions

#10Sawyer & Company, IncPassive

Slight overlap · 4 shared positions

$ITW $AXP $TRV $PAYX

$298M

199 positions

#11Milestones Private Investment Advisors LLCActive

Slight overlap · 3 shared positions

$AXS $EOG $TRV

$123M

73 positions

#12Freestone Grove Partners LPPassive

Slight overlap · 3 shared positions

$AXS $IEX $CFG

$15.6B

990 positions

#13LETSON INVESTMENT MANAGEMENT, INC.Passive

Slight overlap · 4 shared positions

$ITW $AXP $PAYX $L

$273M

104 positions

#14Longaeva Partners L.P.Passive

Slight overlap · 4 shared positions

$IEX $FITB $HBAN $DKNG

$4.6B

339 positions

#15JOHNSON INVESTMENT COUNSEL INCActive

Slight overlap · 3 shared positions

$AXS $ITW $COR

$13.7B

840 positions

#16STANSBERRY ASSET MANAGEMENT, LLCPassive

Slight overlap · 3 shared positions

$AXS $AXP $TRV

$1.1B

145 positions

#17VISTA INVESTMENT PARTNERS II, LLCPassive

Slight overlap · 4 shared positions

$FITB $CFG $COR $HBAN

$248M

158 positions

#18Close Asset Management LtdActive

Slight overlap · 4 shared positions

$EOG $NVR $COR $FCX

$3.8B

269 positions

#19FELL CAPITAL MANAGEMENT /ADVPassive

Slight overlap · 4 shared positions

$ITW $AXP $FCX $KMI

$116M

94 positions

#20ARVEST INVESTMENTS, INC.Passive

Slight overlap · 4 shared positions

$DTB $TRV $CFG $PFH

$835M

243 positions

#21Strata Wealth Advisors, LLCActive

Slight overlap · 4 shared positions

$RPRX $AXP $NVR $HBAN

$426M

98 positions

#22BENEDICT FINANCIAL ADVISORS INCPassive

Slight overlap · 4 shared positions

$AXP $TRV $COR $KMI

$504M

136 positions

#23Davis Capital ManagementPassive

Slight overlap · 3 shared positions

$SSNC $ITW $KMI

$167M

1,175 positions

#24MORTON COMMUNITY BANKPassive

Slight overlap · 3 shared positions

$DTB $WEC $AXP

$491M

120 positions

#25VAUGHAN DAVID INVESTMENTS LLC/ILActive

Slight overlap · 3 shared positions

$DTB $WEC $AXP

$5.0B

245 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.