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 ZEGA Investments

13F Portfolio OverlapQ2 2026ZEGA Investments portfolio →

Institutional-grade research for retail investors

Most similar hedge funds by 13F overlap

ZEGA Investments, LLC is an institutional investor managing $973M across 335 U.S. equity positions as of Q2 2026. Based on the overlap of conviction holdings in their latest 13F filings, the hedge funds with portfolios most similar to ZEGA Investments are Somerset, Willis Investment Counsel, Athena Investment, with shared positions in $AFL, $NSC, $ABT, $ADP, $WEC, $PEP. The full ranking of 25 similar funds is below.

#1Somerset Trust CoPassive

Some overlap · 6 shared positions

$AFL $NSC $ABT $ADP $WEC $PEP

$354M

186 positions

#2Willis Investment CounselActive

Some overlap · 6 shared positions

$AFL $ABT $ADP $MMM $VLO $PEP

$2.1B

125 positions

#3Athena Investment ManagementPassive

Some overlap · 4 shared positions

$AFL $NSC $ABT $PEP

$169M

132 positions

#4SECURITY NATIONAL BANK OF SO DAK

Some overlap · 4 shared positions

$AFL $ABT $ADP $PEP

$207M

119 positions

#5SECURITY NATIONAL BANK OF SIOUX CITY IOWA /IA/

Some overlap · 4 shared positions

$AFL $ABT $ADP $PEP

$169M

104 positions

#6PENINSULA ASSET MANAGEMENT INCActive

Some overlap · 4 shared positions

$AFL $ABT $ADP $PEP

$209M

54 positions

#7VIRTUE ASSET MANAGEMENT LLCPassive

Some overlap · 5 shared positions

$AFL $NSC $ANET $MCK $PEP

$142M

108 positions

#8MONARCH CAPITAL MANAGEMENT INCPassive

Some overlap · 5 shared positions

$AFL $ABT $ADP $MMM $USB

$436M

130 positions

#9Exeter Financial, LLCPassive

Some overlap · 4 shared positions

$AFL $ADP $USB $PEP

$261M

101 positions

#10WATERS PARKERSON & CO., LLCActive

Some overlap · 4 shared positions

$AFL $NSC $ABT $PEP

$2.0B

200 positions

#11Legacy Financial Strategies, LLCActive

Some overlap · 3 shared positions

$AFL $ABT $ADP

$646M

152 positions

#12CINCINNATI INSURANCE COActive

Some overlap · 7 shared positions

$NSC $ABT $MMM $WEC $VLO $USB

$6.9B

64 positions

#13CONNING INC.Passive

Some overlap · 5 shared positions

$AFL $ABT $ADP $VLO $USB

$3.3B

327 positions

#14Dorato Capital ManagementPassive

Some overlap · 4 shared positions

$AFL $MMM $MAR $PEP

$147M

254 positions

#15MATTERN CAPITAL MANAGEMENT, LLCPassive

Some overlap · 4 shared positions

$AFL $ABT $ADP $WEC

$857M

166 positions

#16AUXIER ASSET MANAGEMENT LLCPassive

Some overlap · 4 shared positions

$AFL $ABT $VLO $PEP

$745M

184 positions

#17SCHAPER BENZ & WISE INVESTMENT COUNSEL INC/WIActive

Some overlap · 4 shared positions

$AFL $ABT $ADP $USB

$1.5B

160 positions

#18KANAWHA CAPITAL MANAGEMENT LLCPassive

Some overlap · 6 shared positions

$NSC $ABT $ADP $MMM $USB $PEP

$1.5B

228 positions

#19Advisory Resource GroupPassive

Slight overlap · 3 shared positions

$AFL $ANET $VLO

$665M

183 positions

#20ROFFMAN MILLER ASSOCIATES INC /PA/Active

Slight overlap · 3 shared positions

$AFL $ADP $PEP

$1.9B

88 positions

#21NovaPoint Capital, LLCPassive

Slight overlap · 3 shared positions

$AFL $ABT $PEP

$481M

161 positions

#22Kinloch Capital, LLCPassive

Slight overlap · 3 shared positions

$AFL $ADP $PEP

$274M

79 positions

#23EDMP, INC.Passive

Slight overlap · 3 shared positions

$AFL $MMM $PEP

$124M

70 positions

#24JGP Wealth Management, LLCActive

Slight overlap · 4 shared positions

$AFL $ABT $ADP $PEP

$1.1B

231 positions

#25Long Road Investment Counsel, LLCActive

Slight overlap · 3 shared positions

$AFL $ADP $PEP

$271M

80 positions

Compare ZEGA Investments’s portfolio side by side

See the exact shared positions, conviction overlap, sector alignment, and where these funds diverge — and run the same analysis on any of 8,700+ institutions.

View ZEGA Investments’s holdings

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.