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 R Squared Ltd

13F Portfolio OverlapQ1 2026R Squared Ltd portfolio →

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Most similar hedge funds by 13F overlap

R Squared Ltd is an institutional investor managing $182M across 477 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 R Squared Ltd are GABELLI & INVESTMENT ADVISERS,, WATER ISLAND, HBK INVESTMENTS L P, with shared positions in $HOLX, $TXNM, $EA, $KVUE, $WBD, $PEN. The full ranking of 25 similar funds is below.

#1GABELLI & Co INVESTMENT ADVISERS, INC.Passive

Notable overlap · 7 shared positions

$HOLX $TXNM $EA $KVUE $WBD $PEN

$674M

297 positions

#2WATER ISLAND CAPITAL LLCPassive

Notable overlap · 7 shared positions

$HOLX $TXNM $EA $KVUE $WBD $PEN

$896M

98 positions

#3HBK INVESTMENTS L PActive

Notable overlap · 7 shared positions

$HOLX $TXNM $EA $KVUE $WBD $PEN

$9.9B

346 positions

#4CIBRA Capital LtdActive

Notable overlap · 5 shared positions

$HOLX $TXNM $EA $WBD $PEN

$207M

25 positions

#5Kintayl Capital LPPassive

Notable overlap · 6 shared positions

$HOLX $TXNM $EA $KVUE $WBD $PEN

$192M

54 positions

#6NEXPOINT ASSET MANAGEMENT, L.P.Active

Notable overlap · 5 shared positions

$HOLX $TXNM $EA $WBD $GTLS

$1.5B

83 positions

#7CREDIT INDUSTRIEL ET COMMERCIALPassive

Some overlap · 7 shared positions

$HOLX $EA $TXNM $KVUE $WBD $PEN

$1.3B

349 positions

#8ALPINE ASSOCIATES MANAGEMENT INC.Passive

Some overlap · 7 shared positions

$HOLX $TXNM $EA $KVUE $WBD $PEN

$1.7B

70 positions

#9NINE MASTS CAPITAL LtdActive

Some overlap · 6 shared positions

$HOLX $EA $TXNM $KVUE $WBD $PEN

$693M

249 positions

#10AQR Arbitrage LLCPassive

Some overlap · 7 shared positions

$TXNM $EA $HOLX $KVUE $WBD $PEN

$6.1B

556 positions

#11Kryger Capital LLCActive

Some overlap · 6 shared positions

$HOLX $EA $KVUE $WBD $PEN $GTLS

$1.4B

76 positions

#12TIG Advisors, LLCActive

Some overlap · 6 shared positions

$HOLX $EA $KVUE $WBD $PEN $GTLS

$2.2B

107 positions

#13Melqart Asset Management (UK) LtdActive

Some overlap · 7 shared positions

$TXNM $EA $KVUE $WBD $SNDK $PEN

$1.0B

41 positions

#14Governors Lane LPPassive

Some overlap · 4 shared positions

$TXNM $HOLX $EA $WBD

$1.6B

190 positions

#15KRYGER CAPITAL Ltd

Some overlap · 5 shared positions

$HOLX $EA $KVUE $WBD $GTLS

$1.3B

50 positions

#16Yakira Capital Management, Inc.Passive

Some overlap · 5 shared positions

$HOLX $EA $KVUE $WBD $GTLS

$342M

196 positions

#17Pentwater Capital Management LPActive

Some overlap · 5 shared positions

$HOLX $EA $TXNM $KVUE $WBD

$19.3B

92 positions

#18T3 Companies, LLCPassive

Some overlap · 4 shared positions

$HOLX $EA $MU $WBD

$77M

159 positions

#19Kapitalo Investimentos LtdaActive

Some overlap · 5 shared positions

$HOLX $EA $WBD $GTLS $KVUE

$531M

57 positions

#20Twin Securities, Inc.Active

Some overlap · 4 shared positions

$HOLX $EA $KVUE $WBD

$206M

17 positions

#21JPMORGAN CHASE & COActive

Some overlap · 4 shared positions

$HOLX $EA $KVUE $WBD

$3.1B

378 positions

#22HIGHBRIDGE CAPITAL MANAGEMENT LLCActive

Some overlap · 4 shared positions

$HOLX $EA $KVUE $WBD

$3.1B

378 positions

#23Absolute Gestao de Investimentos Ltda.Active

Some overlap · 5 shared positions

$HOLX $EA $KVUE $MU $SNDK

$877M

74 positions

#24HARVEST MANAGEMENT LLCActive

Some overlap · 4 shared positions

$HOLX $EA $WBD $PEN

$206M

55 positions

#25Decagon Asset Management LLPActive

Some overlap · 4 shared positions

$HOLX $EA $PEN $GTLS

$386M

77 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.