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 Sovereign Investment Advisors,

13F Portfolio OverlapQ1 2026Sovereign Investment Advisors, portfolio →

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Most similar hedge funds by 13F overlap

Sovereign Investment Advisors, LLC is an institutional investor managing $472M across 106 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 Sovereign Investment Advisors, are Fractal Investments, TORTOISE ADVISORS, L.L.C., KAYNE ANDERSON ADVISORS, with shared positions in $MPLX, $EPD, $PAA, $WES, $OKE, $TRP. The full ranking of 25 similar funds is below.

#1Fractal Investments LLCActive

Notable overlap · 8 shared positions

$MPLX $EPD $PAA $WES $OKE $TRP

$845M

81 positions

#2TORTOISE CAPITAL ADVISORS, L.L.C.Active

Notable overlap · 7 shared positions

$MPLX $EPD $WES $PAA $OKE $TRP

$9.6B

90 positions

#3KAYNE ANDERSON CAPITAL ADVISORS LPActive

Notable overlap · 7 shared positions

$MPLX $EPD $WES $PAA $OKE $TRP

$5.2B

48 positions

#4INFRASTRUCTURE CAPITAL ADVISORS, LLCActive

Notable overlap · 8 shared positions

$MPLX $EPD $PAA $WES $OKE $SUN

$1.4B

149 positions

#5CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENTActive

Notable overlap · 6 shared positions

$MPLX $EPD $WES $OKE $PSX $TRP

$2.0B

66 positions

#6ALPS ADVISORS INCActive

Notable overlap · 6 shared positions

$MPLX $EPD $PAA $WES $SUN $OKE

$21.3B

1,037 positions

#7Seed Wealth Management, Inc.Active

Notable overlap · 4 shared positions

$JHG $OKE $VLTO $BRZE

$145M

98 positions

#8LONGFELLOW INVESTMENT MANAGEMENT CO LLCPassive

Notable overlap · 4 shared positions

$MPLX $EPD $PAA $WES

$480M

243 positions

#9Heronetta Management, L.P.Active

Notable overlap · 5 shared positions

$MPLX $EPD $WES $OKE $TRP

$110M

16 positions

#10Bulwark Capital CorpActive

Notable overlap · 6 shared positions

$JHG $OKE $VLTO $COP $ALPS $SNOW

$162M

100 positions

#11MILLER HOWARD INVESTMENTS INC /NYActive

Notable overlap · 8 shared positions

$MPLX $EPD $WES $PAA $PSX $TRP

$3.7B

138 positions

#12TT Capital Management LLCActive

Notable overlap · 4 shared positions

$JHG $ALPS $OKE $EPD

$121M

73 positions

#13Blackstone Inc.Active

Notable overlap · 7 shared positions

$MPLX $EPD $PAA $WES $OKE $TRP

$25.6B

417 positions

#14WALNUT PRIVATE EQUITY PARTNERS, LLCSmart money

Notable overlap · 4 shared positions

$MPLX $EPD $PAA $SUN

$181M

14 positions

#15Guardian Financial Partners, LLCActive

Notable overlap · 3 shared positions

$JHG $ALPS $SNOW

$237M

67 positions

#16EAGLE GLOBAL ADVISORS LLCActive

Notable overlap · 6 shared positions

$MPLX $EPD $PAA $WES $OKE $NEE

$2.8B

276 positions

#17BARD ASSOCIATES INCPassive

Notable overlap · 4 shared positions

$JHG $ALPS $SNOW $NEE

$398M

292 positions

#18Miller Global Investments, LLCPassive

Notable overlap · 3 shared positions

$JHG $SNOW $OKE

$121M

295 positions

#19IFC & Insurance Marketing, Inc.Active

Notable overlap · 3 shared positions

$JHG $SNOW $BRZE

$96M

72 positions

#20Ridgeline Wealth, LLCActive

Notable overlap · 3 shared positions

$JHG $OKE $AEP

$140M

52 positions

#21Medallion Wealth Advisors, LLCPassive

Notable overlap · 3 shared positions

$JHG $BRZE $SNOW

$306M

1,121 positions

#22Energy Income Partners, LLCActive

Notable overlap · 6 shared positions

$MPLX $EPD $OKE $SUN $AEP $NEE

$6.2B

87 positions

#23Recurrent Investment Advisors LLCActive

Notable overlap · 6 shared positions

$EPD $WES $OKE $PSX $SUN $COP

$1.7B

67 positions

#24BARINGS LLCActive

Notable overlap · 3 shared positions

$JHG $SNOW $COP

$6.2B

179 positions

#251 NORTH WEALTH SERVICES LLCPassive

Notable overlap · 4 shared positions

$JHG $OKE $ALPS $EMR

$277M

270 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.