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 OverlapQ1 2026Permanent , portfolio →

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Most similar hedge funds by 13F overlap

Permanent Capital Management, LP is an institutional investor managing $643M across 155 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 Permanent , are Intelligent Financial Strategies, Catalyst Investment, American National Bank of Texas, with shared positions in $DOV, $UNP, $KO, $WT, $TECK, $UL. The full ranking of 25 similar funds is below.

#1Intelligent Financial StrategiesSmart money

Notable overlap · 3 shared positions

$DOV $UNP $KO

$192M

62 positions

#2Catalyst Investment Management LLCPassive

Notable overlap · 3 shared positions

$DOV $WT $KO

$90M

65 positions

#3American National Bank of TexasActive

Notable overlap · 3 shared positions

$DOV $UNP $KO

$105M

57 positions

#4LOCKHEED MARTIN INVESTMENT MANAGEMENT COActive

Some overlap · 3 shared positions

$DOV $UNP $KO

$2.7B

111 positions

#5Ethos Financial Group, LLCPassive

Some overlap · 3 shared positions

$DOV $WT $TECK

$1.4B

540 positions

#6BIP Wealth, LLCActive

Some overlap · 3 shared positions

$DOV $WT $KO

$2.5B

453 positions

#7Value Investment Professionals, LLCPassive

Some overlap · 3 shared positions

$WT $DOV $UL

$89M

81 positions

#8PARTNERS CAPITAL INVESTMENT GROUP, LLPActive

Some overlap · 3 shared positions

$DOV $WT $COF

$2.7B

174 positions

#9SBI Securities Co., Ltd.Passive

Some overlap · 3 shared positions

$DOV $WT $KO

$3.6B

4,018 positions

#10LEVIN CAPITAL STRATEGIES, L.P.Passive

Some overlap · 14 shared positions

$UBS $__PARK_1390777 $KMB $EXE $UNP $CDZI

$1.3B

232 positions

#11Boyce & Associates Wealth Consulting, Inc.Active

Some overlap · 3 shared positions

$WT $DOV $TECK

$132M

80 positions

#12Cornerstone Financial Group, LLC /NE/Active

Some overlap · 3 shared positions

$DOV $WT $UNP

$156M

73 positions

#13South Shore Capital AdvisorsPassive

Some overlap · 4 shared positions

$DOV $UBS $UNP $COF

$137M

139 positions

#14Neumann Capital Management, LLCActive

Some overlap · 3 shared positions

$WT $DOV $GM

$340M

102 positions

#15SECURITY NATIONAL BANK OF SO DAKPassive

Some overlap · 3 shared positions

$DOV $UNP $KO

$207M

119 positions

#16LongView Wealth ManagementPassive

Some overlap · 3 shared positions

$DOV $WT $KO

$398M

247 positions

#17SNS Financial Group, LLCActive

Some overlap · 4 shared positions

$WT $DOV $UNP $__PARK_1390777

$1.2B

208 positions

#18Financial Harvest, LLCActive

Some overlap · 3 shared positions

$WT $DOV $KO

$170M

57 positions

#19NewEdge Advisors, LLCPassive

Some overlap · 4 shared positions

$WT $DOV $UNP $KO

$2.2B

1,217 positions

#20Meridian Financial Partners LLCActive

Some overlap · 4 shared positions

$WT $UNP $COF $KO

$263M

121 positions

#21CROBANPassive

Some overlap · 4 shared positions

$WT $UNP $TECK $AXS

$213M

73 positions

#22ATLas Financial Planning LLCActive

Some overlap · 3 shared positions

$WT $DOV $AIG

$112M

69 positions

#23Beaumont Capital Management, LLCActive

Slight overlap · 3 shared positions

$WT $DOV $TECK

$81M

32 positions

#24Consolidated Planning CorpActive

Slight overlap · 3 shared positions

$WT $__PARK_1390777 $KO

$617M

144 positions

#25CLG LLCActive

Slight overlap · 3 shared positions

$WT $UNP $DOV

$403M

134 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.