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 READYSTATE ASSET

13F Portfolio OverlapQ1 2026READYSTATE ASSET portfolio →

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Most similar hedge funds by 13F overlap

READYSTATE ASSET MANAGEMENT LP is an institutional investor managing $2.2B across 806 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 READYSTATE ASSET are HBK INVESTMENTS L P, ABSOLUTE INVESTMENT ADVISERS,, Pentwater, with shared positions in $NSC, $WBD, $MASI, $TXNM, $EA, $KVUE. The full ranking of 25 similar funds is below.

#1HBK INVESTMENTS L PActive

Notable overlap · 12 shared positions

$NSC $WBD $MASI $TXNM $EA $KVUE

$9.9B

346 positions

#2ABSOLUTE INVESTMENT ADVISERS, LLCPassive

Notable overlap · 9 shared positions

$GVA $CENX $LNTH $FRPT $BSY $LMAT

$852M

122 positions

#3Pentwater Capital Management LPActive

Notable overlap · 8 shared positions

$NSC $WBD $MASI $EA $TXNM $KVUE

$19.3B

92 positions

#4ALPINE ASSOCIATES MANAGEMENT INC.Passive

Notable overlap · 7 shared positions

$NSC $WBD $MASI $TXNM $EA $KVUE

$1.7B

70 positions

#5WATER ISLAND CAPITAL LLCPassive

Notable overlap · 7 shared positions

$NSC $WBD $MASI $TXNM $EA $KVUE

$896M

98 positions

#6Boussard & Gavaudan Investment Management LLPActive

Notable overlap · 8 shared positions

$NSC $WBD $GVA $EA $ANIP $IRTC

$1.1B

89 positions

#7GABELLI & Co INVESTMENT ADVISERS, INC.Passive

Notable overlap · 7 shared positions

$WBD $NSC $MASI $TXNM $EA $KVUE

$674M

297 positions

#8Empyrean Capital Partners, LPPassive

Notable overlap · 7 shared positions

$NSC $WBD $TXNM $EA $LBRDA $KVUE

$3.1B

124 positions

#9P SCHOENFELD ASSET MANAGEMENT LPPassive

Notable overlap · 6 shared positions

$NSC $WBD $MASI $EA $KVUE $LBRDA

$184M

35 positions

#10Kintayl Capital LPPassive

Notable overlap · 6 shared positions

$NSC $WBD $TXNM $EA $KVUE $LBRDA

$192M

54 positions

#11AQR Arbitrage LLCPassive

Notable overlap · 7 shared positions

$NSC $WBD $TXNM $MASI $EA $KVUE

$6.1B

556 positions

#12Fort Baker Capital Management LPPassive

Notable overlap · 5 shared positions

$NSC $WBD $MASI $EA $LBRDA

$1.3B

121 positions

#13TIG Advisors, LLCActive

Notable overlap · 6 shared positions

$NSC $WBD $EA $MASI $KVUE $CZR

$2.2B

107 positions

#14Melqart Asset Management (UK) LtdActive

Notable overlap · 5 shared positions

$NSC $WBD $TXNM $EA $KVUE

$1.0B

41 positions

#15NINE MASTS CAPITAL LtdActive

Notable overlap · 5 shared positions

$NSC $WBD $TXNM $EA $KVUE

$693M

249 positions

#16Kryger Capital LLCActive

Notable overlap · 5 shared positions

$NSC $WBD $MASI $EA $KVUE

$1.4B

76 positions

#17Opti Capital Management, LPActive

Notable overlap · 6 shared positions

$TMDX $BSY $FRPT $WKC $VERX $IRTC

$1.4B

36 positions

#18Alpine Global Management, LLCPassive

Notable overlap · 4 shared positions

$RIVN $EA $LBRDA $WBD

$668M

226 positions

#19CAXTON ASSOCIATES LLPActive

Notable overlap · 7 shared positions

$WBD $NSC $EA $KVUE $TXNM $LBRDA

$4.4B

755 positions

#20Governors Lane LPPassive

Notable overlap · 4 shared positions

$NSC $WBD $TXNM $EA

$1.6B

190 positions

#21Sand Grove Capital Management LLPActive

Notable overlap · 4 shared positions

$NSC $WBD $TXNM $EA

$444M

19 positions

#22Aequim Alternative Investments LPActive

Notable overlap · 7 shared positions

$RIVN $GVA $TXNM $BSY $MIRM $ALHC

$5.2B

102 positions

#23Birnam Oak Advisors, LPActive

Notable overlap · 4 shared positions

$NSC $WBD $TXNM $KVUE

$441M

35 positions

#24Westchester Capital Management, LLCPassive

Notable overlap · 4 shared positions

$NSC $WBD $MASI $EA

$2.2B

307 positions

#25Verition Fund Management LLCPassive

Notable overlap · 7 shared positions

$WBD $NSC $TXNM $EA $KVUE $LBRDA

$15.4B

2,192 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.