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 Phraction

13F Portfolio OverlapQ1 2026Phraction portfolio →

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Most similar hedge funds by 13F overlap

Phraction Management LLC is an institutional investor managing $483M across 65 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 Phraction are Ironvine Partners,, PARNASSUS INVESTMENTS,, Palestra, with shared positions in $ADI, $TMO, $DHR, $AMAT, $ASML, $HON. The full ranking of 25 similar funds is below.

#1Ironvine Capital Partners, LLCActive

Notable overlap · 8 shared positions

$ADI $TMO $DHR $AMAT $ASML $HON

$910M

56 positions

#2PARNASSUS INVESTMENTS, LLCActive

Notable overlap · 9 shared positions

$LIN $DHR $TMO $BAC $AMAT $ICE

$34.1B

135 positions

#3Palestra Capital Management LLCActive

Notable overlap · 4 shared positions

$ADI $DHR $LIN $AMAT

$2.6B

23 positions

#4Manchester Global Management (UK) LtdActive

Notable overlap · 5 shared positions

$ADI $DHR $TXN $LRCX $FERG

$749M

23 positions

#5Candelo Capital Management LPPassive

Notable overlap · 5 shared positions

$ADI $LIN $WMB $AMAT $TDY

$121M

31 positions

#6Unisphere EstablishmentActive

Notable overlap · 8 shared positions

$TMO $HON $LIN $BAC $DHR $BSX

$11.9B

50 positions

#7GUYASUTA INVESTMENT ADVISORS INCActive

Notable overlap · 7 shared positions

$TMO $LIN $ASML $AMAT $BDX $TXN

$1.7B

268 positions

#8BRIGHT ROCK CAPITAL MANAGEMENT, LLCPassive

Notable overlap · 6 shared positions

$DHR $TMO $HON $LIN $TXN $ICE

$506M

75 positions

#9Avanda Investment Management Pte. Ltd.Active

Notable overlap · 6 shared positions

$TMO $LIN $ASML $AMAT $TXN $LRCX

$63M

24 positions

#10Eldred Rock Partners, LLCActive

Notable overlap · 5 shared positions

$ASML $TMO $WFC $TXN $LRCX

$393M

31 positions

#11Spinecap SASActive

Notable overlap · 5 shared positions

$TMO $DHR $TDG $ICE $SNPS

$272M

15 positions

#12Mill Capital Management, LLCActive

Notable overlap · 9 shared positions

$TMO $TDG $ASML $LIN $ICE $PM

$1.3B

130 positions

#13CANTILLON CAPITAL MANAGEMENT LLCActive

Notable overlap · 6 shared positions

$ADI $TMO $AMAT $ENTG $ICE $FERG

$15.1B

38 positions

#14WEITZ INVESTMENT MANAGEMENT, INC.Active

Notable overlap · 6 shared positions

$TMO $DHR $ADI $TXN $ASML $LIN

$1.4B

49 positions

#15WOODLEY FARRA MANION PORTFOLIO MANAGEMENT INCActive

Notable overlap · 4 shared positions

$ASML $HON $DHR $ICE

$2.1B

122 positions

#16FLOSSBACH VON STORCH SEActive

Notable overlap · 6 shared positions

$TMO $DHR $LIN $ICE $ADI $AMAT

$21.4B

109 positions

#17Karani Asset Management LLCPassive

Notable overlap · 7 shared positions

$ASML $AMAT $TXN $ADI $LRCX $SNPS

$122M

54 positions

#18GRANDFIELD & DODD, LLCPassive

Notable overlap · 5 shared positions

$ADI $LIN $AMAT $SNPS $TDY

$1.8B

209 positions

#1911 Capital Partners LPActive

Notable overlap · 3 shared positions

$ASML $DHR $LIN

$348M

20 positions

#20Nishkama Capital, LLCActive

Notable overlap · 5 shared positions

$ASML $WMB $AMAT $ENTG $TXN

$1.6B

52 positions

#21FIRST MANHATTAN CO. LLC.Active

Notable overlap · 11 shared positions

$ASML $AMAT $HON $DHR $TMO $LIN

$36.1B

753 positions

#22First Pacific Advisors, LPActive

Notable overlap · 5 shared positions

$ADI $BDX $TMO $FERG $WFC

$7.1B

86 positions

#23MAVERICK CAPITAL LTDPassive

Notable overlap · 6 shared positions

$ASML $LIN $AMAT $DHR $PM $BSX

$8.7B

241 positions

#24MAR VISTA INVESTMENT PARTNERS LLCActive

Notable overlap · 5 shared positions

$ADI $LIN $TDG $DHR $ASML

$1000M

35 positions

#25Tenere Capital LLCActive

Notable overlap · 3 shared positions

$ASML $ADI $AMAT

$136M

22 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.