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 Brightwater Advisory

13F Portfolio OverlapQ1 2026Brightwater Advisory portfolio →

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Most similar hedge funds by 13F overlap

Brightwater Advisory LLC is an institutional investor managing $151M across 60 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 Brightwater Advisory are Hapanowicz & Associates Financial Services,, New England Private Wealth Advisors, Dentgroup, with shared positions in $HUM, $LEN, $DOV, $WT, $MDY, $KKR. The full ranking of 25 similar funds is below.

#1Hapanowicz & Associates Financial Services, IncSmart money

Notable overlap · 3 shared positions

$HUM $LEN $DOV

$251M

31 positions

#2New England Private Wealth Advisors LLCActive

Notable overlap · 6 shared positions

$HUM $DOV $WT $MDY $KKR $MKL

$866M

194 positions

#3Dentgroup LLC

Notable overlap · 7 shared positions

$LEN $HUM $MDY $AFL $KKR $UNIT

$146M

93 positions

#4HANOVER ADVISORS INCActive

Notable overlap · 6 shared positions

$HUM $MDY $KO $KKR $WT $MKL

$246M

118 positions

#5GreatBanc Trust COActive

Notable overlap · 5 shared positions

$HUM $WT $KKR $UNIT $MKL

$143M

67 positions

#6ECLECTIC ASSOCIATES INC /ADVActive

Notable overlap · 5 shared positions

$HUM $WT $KO $UNIT $MKL

$753M

159 positions

#7Firestone Capital ManagementPassive

Notable overlap · 5 shared positions

$HUM $MDY $KO $UNIT $MKL

$480M

160 positions

#8Ballast Financial Advisors LLCActive

Notable overlap · 4 shared positions

$HUM $DOV $KKR $UNIT

$98M

68 positions

#9Noble Family Wealth, LLCActive

Notable overlap · 6 shared positions

$HUM $WT $UNIT $MKL $KKR $AFL

$484M

76 positions

#10Sherman Wealth Management LLCPassive

Notable overlap · 4 shared positions

$HUM $WT $KKR $UNIT

$116M

80 positions

#11Trust Point Inc.Active

Notable overlap · 4 shared positions

$HUM $WT $UNIT $MKL

$1.2B

521 positions

#12ASPIRIANT, LLCActive

Notable overlap · 4 shared positions

$HUM $WT $UNIT $MKL

$3.5B

338 positions

#13Whitegate Investment Counselors, Inc.Active

Notable overlap · 4 shared positions

$HUM $MDY $UNIT $MKL

$315M

68 positions

#14WEST PACES ADVISORS INC.Active

Notable overlap · 4 shared positions

$HUM $MDY $LEN $KO

$516M

197 positions

#15PLANNING DIRECTIONS INCActive

Notable overlap · 3 shared positions

$HUM $DOV $UNIT

$198M

106 positions

#16STUDIO INVESTMENT MANAGEMENT LLCActive

Notable overlap · 3 shared positions

$HUM $DOV $UNIT

$547M

180 positions

#17Joel Isaacson & Co., LLCActive

Notable overlap · 5 shared positions

$HUM $KKR $UNIT $MKL $DOV

$3.0B

455 positions

#18Mosaic Advisors LLCPassive

Notable overlap · 3 shared positions

$HUM $DOV $MKL

$67M

42 positions

#19Blackston Financial Advisory Group, LLCActive

Notable overlap · 4 shared positions

$HUM $DOV $KKR $MDY

$160M

106 positions

#20Wealth Architects, LLCPassive

Notable overlap · 4 shared positions

$HUM $DOV $UNIT $WT

$1.1B

244 positions

#21Stokes Family Office, LLCPassive

Notable overlap · 4 shared positions

$HUM $DOV $KKR $UNIT

$969M

276 positions

#22Granite FO LLCActive

Notable overlap · 4 shared positions

$HUM $MDY $KKR $UNIT

$169M

170 positions

#23Goepper Burkhardt LLCActive

Notable overlap · 4 shared positions

$HUM $AFL $KO $UNIT

$299M

97 positions

#24Wolfstich Capital, LLCActive

Notable overlap · 3 shared positions

$HUM $WT $KO

$114M

45 positions

#25Reality Financial Planning Services, LLCSmart money

Notable overlap · 3 shared positions

$HUM $WT $KKR

$104M

20 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.