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 OverlapQ1 2026ZEGA Investments, portfolio →

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Most similar hedge funds by 13F overlap

ZEGA Investments, LLC is an institutional investor managing $890M across 299 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 ZEGA Investments, are AUXIER ASSET, Athena Investment, KRAEMATON INVESTMENT ADVISORS,, with shared positions in $AFL, $UNH, $ABT, $KO, $NSC, $MAR. The full ranking of 25 similar funds is below.

#1AUXIER ASSET MANAGEMENT LLCPassive

Some overlap · 4 shared positions

$AFL $UNH $ABT $KO

$696M

176 positions

#2Athena Investment ManagementActive

Some overlap · 4 shared positions

$AFL $UNH $ABT $NSC

$193M

153 positions

#3KRAEMATON INVESTMENT ADVISORS, INCPassive

Some overlap · 5 shared positions

$AFL $MAR $GLDM $AGQ $USB

$123M

99 positions

#4Liberty Capital Management, Inc.

Some overlap · 3 shared positions

$AFL $UNH $ABT

$537M

180 positions

#5MONARCH CAPITAL MANAGEMENT INCPassive

Some overlap · 5 shared positions

$AFL $ABT $MMM $USB $KO

$409M

127 positions

#6Somerset Trust CoPassive

Some overlap · 3 shared positions

$AFL $ABT $NSC

$326M

174 positions

#7WATERS PARKERSON & CO., LLCActive

Some overlap · 4 shared positions

$AFL $ABT $NSC $KO

$1.9B

188 positions

#8TOTH FINANCIAL ADVISORY CORPPassive

Slight overlap · 5 shared positions

$AFL $ABT $MCK $AGQ $KO

$911M

918 positions

#9Aurdan Capital Management, LLCActive

Slight overlap · 6 shared positions

$UNH $ABT $AFL $KMI $USB $KO

$333M

88 positions

#10MATTERN CAPITAL MANAGEMENT, LLCPassive

Slight overlap · 3 shared positions

$AFL $UNH $ABT

$835M

170 positions

#11SECURITY NATIONAL BANK OF SO DAKPassive

Slight overlap · 3 shared positions

$AFL $ABT $KO

$207M

119 positions

#12Kinloch Capital, LLCPassive

Slight overlap · 3 shared positions

$AFL $ABT $KO

$245M

83 positions

#13PENINSULA ASSET MANAGEMENT INCPassive

Slight overlap · 3 shared positions

$AFL $ABT $KO

$196M

53 positions

#14ARBOR CAPITAL MANAGEMENT INC /ADVPassive

Slight overlap · 6 shared positions

$UNH $ABT $KMI $MMM $USB $KO

$123M

101 positions

#15JNBA Financial AdvisorsActive

Slight overlap · 4 shared positions

$AFL $GLDM $MAR $USB

$1.2B

819 positions

#16William B. Walkup & Associates, Inc.Active

Slight overlap · 5 shared positions

$UNH $ABT $MCK $KMI $KO

$167M

163 positions

#17SCHAPER BENZ & WISE INVESTMENT COUNSEL INC/WIActive

Slight overlap · 3 shared positions

$AFL $ABT $USB

$1.3B

158 positions

#18CINCINNATI INSURANCE COActive

Slight overlap · 5 shared positions

$UNH $ABT $NSC $MMM $USB

$6.6B

63 positions

#19JERICHO FINANCIAL, LLPActive

Slight overlap · 3 shared positions

$AFL $ABT $MAR

$159M

40 positions

#20Pflug Koory, LLCPassive

Slight overlap · 5 shared positions

$ABT $MCK $NSC $PH $USB

$218M

419 positions

#21CONNING INC.Passive

Slight overlap · 4 shared positions

$AFL $UNH $USB $KO

$3.0B

311 positions

#22MITCHELL & PAHL PRIVATE WEALTH, LLCPassive

Slight overlap · 4 shared positions

$AFL $UNH $MMM $USB

$246M

145 positions

#23Dorato Capital ManagementPassive

Slight overlap · 3 shared positions

$AFL $MAR $MMM

$135M

254 positions

#24VIRGINIA WEALTH MANAGEMENT GROUP, INC.Passive

Slight overlap · 3 shared positions

$AFL $ABT $KMI

$187M

55 positions

#25VIRTUE ASSET MANAGEMENT LLCPassive

Slight overlap · 3 shared positions

$AFL $MCK $NSC

$126M

106 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.