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 First Turn ,

13F Portfolio OverlapQ1 2026First Turn , portfolio →

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Most similar hedge funds by 13F overlap

First Turn Management, LLC is an institutional investor managing $895M across 33 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 First Turn , are Affinity Asset Advisors,, Logos Global, Paradigm Biocapital Advisors, with shared positions in $XENE, $APGE, $INSM, $ROIV, $ABVX, $COGT. The full ranking of 25 similar funds is below.

#1Affinity Asset Advisors, LLCActive

Substantial overlap · 15 shared positions

$XENE $APGE $INSM $ROIV $ABVX $COGT

$1.9B

105 positions

#2Logos Global Management LPActive

Substantial overlap · 15 shared positions

$RVMD $ABVX $IDYA $UTHR $CYTK $TERN

$2.0B

66 positions

#3Paradigm Biocapital Advisors LPActive

Substantial overlap · 13 shared positions

$RVMD $NUVL $INSM $APGE $CYTK $TERN

$4.9B

35 positions

#4SILVERARC CAPITAL MANAGEMENT, LLCActive

Substantial overlap · 13 shared positions

$NUVL $COGT $ABVX $CELC $DNTH $SRRK

$980M

73 positions

#5Rock Springs Capital Management LPActive

Substantial overlap · 12 shared positions

$RVMD $MIRM $INSM $XENE $KYMR $SRRK

$1.7B

100 positions

#6DEERFIELD MANAGEMENT COMPANY, L.P. (SERIES C)Active

Substantial overlap · 11 shared positions

$NUVL $COGT $UTHR $RVMD $MIRM $CELC

$8.5B

82 positions

#7Patient Square Capital LPSmart money

Substantial overlap · 10 shared positions

$INSM $COGT $MIRM $ROIV $ABVX $XENE

$564M

29 positions

#8StemPoint Capital LPActive

Substantial overlap · 11 shared positions

$ABVX $RVMD $ELVN $SRRK $ROIV $CYTK

$515M

82 positions

#9Vestal Point Capital, LPActive

Substantial overlap · 12 shared positions

$RVMD $ABVX $ELVN $APGE $ASND $SRRK

$3.6B

90 positions

#10Avoro Capital Advisors LLCActive

Substantial overlap · 11 shared positions

$UTHR $XENE $CELC $KYMR $RVMD $CYTK

$10.2B

32 positions

#11Sofinnova Ventures IncActive

Substantial overlap · 13 shared positions

$UTHR $COGT $INSM $CELC $VERA $IDYA

$2.6B

74 positions

#12Seven Fleet Capital Management LPActive

Substantial overlap · 11 shared positions

$RVMD $COGT $ELVN $ABVX $CYTK $DNTH

$315M

114 positions

#13Integral Health Asset Management, LLCActive

Substantial overlap · 13 shared positions

$RVMD $INSM $ROIV $CYTK $VERA $ASND

$2.1B

90 positions

#14KVP Capital Advisors, LPActive

Substantial overlap · 12 shared positions

$AXSM $INSM $RVMD $UTHR $IDYA $TERN

$134M

32 positions

#15Artia Global Partners LPActive

Substantial overlap · 14 shared positions

$ABVX $INSM $RVMD $DNTH $NAMS $TERN

$499M

50 positions

#16DIADEMA PARTNERS LPPassive

Substantial overlap · 6 shared positions

$UTHR $COGT $ABVX $RVMD $BBIO $TERN

$588M

144 positions

#17Octagon Capital Advisors LPActive

Substantial overlap · 7 shared positions

$ABVX $COGT $MIRM $XENE $KYMR $DNTH

$904M

29 positions

#18Exome Asset Management LLCPassive

Substantial overlap · 10 shared positions

$COGT $BBIO $ELVN $INSM $UTHR $CYTK

$193M

56 positions

#19Eagle Health Investments LPActive

Substantial overlap · 8 shared positions

$INSM $BBIO $SRRK $RVMD $KYMR $ASND

$572M

28 positions

#20Cormorant Asset Management, LPActive

Substantial overlap · 14 shared positions

$ABVX $BBIO $DNTH $INSM $ERAS $NAMS

$2.0B

47 positions

#21Boxer Capital Management, LLCSmart money

Substantial overlap · 11 shared positions

$RVMD $ABVX $CELC $KYMR $TERN $PRAX

$762M

54 positions

#22Frazier Life Sciences Management, L.P.Smart money

Notable overlap · 8 shared positions

$BBIO $MIRM $PVLA $NAMS $CYTK $RVMD

$3.9B

38 positions

#23HighVista Strategies LLCPassive

Notable overlap · 14 shared positions

$ABVX $COGT $RVMD $TERN $NUVL $PRAX

$362M

156 positions

#24MPM BioImpact LLCActive

Notable overlap · 11 shared positions

$RVMD $XENE $CYTK $DNTH $PVLA $ORIC

$1.3B

41 positions

#25BAKER BROS. ADVISORS LPSmart money

Notable overlap · 12 shared positions

$RVMD $INSM $CELC $KYMR $PRAX $ROIV

$17.4B

84 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.