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 Permanent

13F Portfolio OverlapQ2 2026Permanent portfolio →

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Most similar hedge funds by 13F overlap

Permanent Capital Management, LP is an institutional investor managing $747M across 211 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 Permanent are INVESTMENT COUNSEL OF NEVADA, LEVIN STRATEGIES, Manuka Financial, with shared positions in $DOV, $MGM, $UL, $BNY, $UBS, $EXE. The full ranking of 25 similar funds is below.

#1INVESTMENT COUNSEL CO OF NEVADAActive

Substantial overlap · 4 shared positions

$DOV $MGM $UL $BNY

$54M

167 positions

#2LEVIN CAPITAL STRATEGIES, L.P.Passive

Some overlap · 15 shared positions

$UBS $BNY $EXE $KMB $CDZI $UNP

$1.5B

262 positions

#3Manuka Financial, LLCSmart money

Some overlap · 3 shared positions

$DOV $UNP $COF

$193M

55 positions

#4South Shore Capital AdvisorsPassive

Some overlap · 3 shared positions

$DOV $UNP $COF

$149M

154 positions

#5C M BIDWELL & ASSOCIATES LTDPassive

Some overlap · 3 shared positions

$DOV $BNY $NTRS

$245M

494 positions

#6Signature Wealth Management Partners, LLCPassive

Slight overlap · 4 shared positions

$DOV $BNY $L $GM

$214M

122 positions

#7DIAMOND HILL CAPITAL MANAGEMENT INCActive

Slight overlap · 5 shared positions

$DOV $KMB $UNP $COF $AIG

$12.5B

186 positions

#8Tannin Capital LLCPassive

Slight overlap · 3 shared positions

$DOV $KMB $COF

$152M

169 positions

#9Dean Capital ManagementPassive

Slight overlap · 3 shared positions

$DOV $BNY $DGX

$276M

112 positions

#10Coston, McIsaac & PartnersPassive

Slight overlap · 3 shared positions

$DOV $KMB $UL

$497M

948 positions

#11MACROVIEW INVESTMENT MANAGEMENT LLCPassive

Slight overlap · 3 shared positions

$DOV $BNY $UNP

$162M

106 positions

#12Borer Denton & Associates, Inc.Passive

Slight overlap · 4 shared positions

$BNY $UNP $DGX $AIG

$305M

74 positions

#13Evolution Advisers, Inc.Active

Slight overlap · 3 shared positions

$DOV $UNP $KMB

$272M

943 positions

#14CONNING INC.Passive

Slight overlap · 3 shared positions

$BNY $DGX $UNP

$3.3B

327 positions

#15Index Technologies Group LLCPassive

Slight overlap · 3 shared positions

$DOV $DGX $L

$125M

275 positions

#16MorganRosel Wealth Management, LLCActive

Slight overlap · 3 shared positions

$DOV $BNY $GM

$296M

104 positions

#17WealthTrust Asset Management, LLCActive

Slight overlap · 3 shared positions

$BNY $EXE $COF

$185M

111 positions

#18Networth Advisors, LLCActive

Slight overlap · 3 shared positions

$BNY $DGX $COF

$172M

383 positions

#19Stolper CoPassive

Slight overlap · 3 shared positions

$BNY $UNP $COF

$387M

91 positions

#20NatWest Group plcActive

Slight overlap · 3 shared positions

$UBS $KMB $NTRS

$560M

48 positions

#21ALLEN WEALTH MANAGEMENT, LLCActive

Slight overlap · 3 shared positions

$BNY $KMB $UL

$205M

60 positions

#22DAVIS SELECTED ADVISERSActive

Slight overlap · 4 shared positions

$DGX $COF $MGM $TECK

$23.3B

112 positions

#23Legacy Capital Group California, Inc.Passive

Slight overlap · 3 shared positions

$BNY $UBS $GM

$332M

299 positions

#24Artemis Investment Management LLPPassive

Slight overlap · 3 shared positions

$BNY $DGX $GM

$11.2B

213 positions

#25CULLEN INVESTMENT GROUP, LTD.Active

Slight overlap · 3 shared positions

$BNY $UNP $UL

$827M

181 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.