What hedge funds are most similar to Spruce Street Capital LP?

The funds with the most similar 13F portfolios to Spruce Street Capital LP are Commodore, Squadron, Seven Fleet, based on overlapping conviction holdings in the latest SEC filings.

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 Spruce Street

13F Portfolio OverlapQ1 2026Spruce Street portfolio →

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Most similar hedge funds by 13F overlap

Spruce Street Capital LP is an institutional investor managing $416M across 28 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 Spruce Street are Commodore, Squadron, Seven Fleet, with shared positions in $RLAY, $ANRO, $ELVN, $ALKS, $LBRX, $ERAS. The full ranking of 25 similar funds is below.

#1Commodore Capital LPActive

Substantial overlap · 14 shared positions

$RLAY $ANRO $ELVN $ALKS $LBRX $ERAS

$1.7B

36 positions

#2Squadron Capital Management LLCActive

Substantial overlap · 5 shared positions

$RLMD $KALV $RLAY $IKT $MAZE

$273M

37 positions

#3Seven Fleet Capital Management LPActive

Substantial overlap · 12 shared positions

$PCVX $ELVN $DNTH $IPSC $ERAS $KALV

$315M

114 positions

#4VR Adviser, LLCSmart money

Notable overlap · 10 shared positions

$KALV $DNTH $SVRA $ELVN $ERAS $MAZE

$2.7B

33 positions

#5SILVERARC CAPITAL MANAGEMENT, LLCActive

Notable overlap · 7 shared positions

$DNTH $KALV $CNTA $ALKS $ERAS $PCVX

$980M

73 positions

#6Octagon Capital Advisors LPActive

Notable overlap · 6 shared positions

$DNTH $CNTA $KALV $ALMS $LXEO $CATX

$904M

29 positions

#7TCG Crossover Management, LLCActive

Notable overlap · 9 shared positions

$CNTA $DNTH $SVRA $LBRX $SRZN $RLAY

$3.5B

49 positions

#8Trails Edge Capital Partners, LPActive

Notable overlap · 5 shared positions

$LBRX $PCVX $NERV $IKT $IPSC

$437M

27 positions

#9Deep Track Capital, LPActive

Notable overlap · 7 shared positions

$PCVX $ALKS $CNTA $ALMS $LBRX $MAZE

$6.1B

63 positions

#10Vivo Capital, LLCActive

Notable overlap · 9 shared positions

$DNTH $NERV $SABS $ANRO $ERAS $LBRX

$1.2B

45 positions

#11Avidity Partners Management LPActive

Notable overlap · 4 shared positions

$DNTH $ELVN $CATX $CRVS

$442M

46 positions

#12Affinity Asset Advisors, LLCActive

Notable overlap · 8 shared positions

$CNTA $ALKS $DNTH $ERAS $ELVN $LXEO

$1.9B

105 positions

#13Logos Global Management LPActive

Notable overlap · 8 shared positions

$CNTA $DNTH $ERAS $MAZE $LBRX $ELVN

$2.0B

66 positions

#14Ally Bridge Group (NY) LLCActive

Notable overlap · 7 shared positions

$CATX $NERV $ALMS $IKT $MAZE $ANTX

$124M

27 positions

#15Kalehua Capital Management LLCActive

Notable overlap · 4 shared positions

$RLAY $SRZN $IKT $LONA

$119M

23 positions

#16Fairmount Funds Management LLCSmart money

Notable overlap · 3 shared positions

$DNTH $ELVN $IKT

$1.4B

12 positions

#17Bain Capital Life Sciences Investors, LLCSmart money

Notable overlap · 4 shared positions

$SVRA $DNTH $CNTA $ALKS

$1.1B

20 positions

#18Ikarian Capital, LLCPassive

Notable overlap · 5 shared positions

$PCVX $RLMD $ALMS $ANRO $MAZE

$1.2B

161 positions

#19Cormorant Asset Management, LPActive

Notable overlap · 5 shared positions

$DNTH $CNTA $ALMS $ERAS $MAZE

$2.0B

47 positions

#20TANG CAPITAL MANAGEMENT LLCActive

Notable overlap · 3 shared positions

$KNSA $KALV $DNTH

$2.0B

51 positions

#21Elmind Capital, LPActive

Notable overlap · 5 shared positions

$KALV $PCVX $RLAY $ALMS $ALEC

$352M

34 positions

#22Catalio Capital Management, LPActive

Notable overlap · 3 shared positions

$DNTH $KALV $CRVS

$479M

41 positions

#23Paradigm Biocapital Advisors LPActive

Notable overlap · 5 shared positions

$PCVX $CNTA $ERAS $MAZE $LXEO

$4.9B

35 positions

#24Foresite Capital Management VI LLCActive

Notable overlap · 4 shared positions

$CNTA $NERV $ALMS $CRVS

$460M

17 positions

#25Exome Asset Management LLCPassive

Notable overlap · 5 shared positions

$ELVN $ALMS $ALKS $RLAY $MAZE

$193M

56 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.