What hedge funds are most similar to Trails Edge Capital Partners, LP?

The funds with the most similar 13F portfolios to Trails Edge Capital Partners, LP are Affinity Asset Advisors, Palo Alto Investors, First Turn, 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 Trails Edge Partners

13F Portfolio OverlapQ2 2026Trails Edge Partners portfolio →

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Most similar hedge funds by 13F overlap

Trails Edge Capital Partners, LP is an institutional investor managing $630M across 35 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 Trails Edge Partners are Affinity Asset Advisors, Palo Alto Investors, First Turn, with shared positions in $XENE, $INSM, $AVTX, $CYTK, $RVMD, $TRAX. The full ranking of 25 similar funds is below.

#1Affinity Asset Advisors, LLCActive

Notable overlap · 8 shared positions

$XENE $INSM $AVTX $CYTK $RVMD $TRAX

$2.2B

113 positions

#2Palo Alto Investors LPActive

Notable overlap · 7 shared positions

$BMRN $MIRM $INSM $SNDX $TRAX $XENE

$724M

52 positions

#3First Turn Management, LLCActive

Notable overlap · 5 shared positions

$XENE $CYTK $RVMD $INSM $MIRM

$935M

31 positions

#4Caligan Partners LPSmart money

Notable overlap · 8 shared positions

$RVMD $AVTX $XENE $LBRX $IMCR $IVA

$2.1B

28 positions

#5Jones Hill Capital LPActive

Notable overlap · 5 shared positions

$BMRN $XENE $IMCR $INSM $SNDX

$470M

29 positions

#6Vestal Point Capital, LPActive

Notable overlap · 6 shared positions

$BMRN $NRIX $RVMD $IMCR $XENE $INSM

$4.3B

68 positions

#7ACUTA CAPITAL PARTNERS, LLCActive

Notable overlap · 6 shared positions

$FDMT $DSGN $AVTX $MLTX $NERV $LBRX

$143M

23 positions

#8Nan Fung Group Holdings LtdSmart money

Notable overlap · 4 shared positions

$LBRX $INCY $RVMD $INSM

$131M

25 positions

#9DAFNA Capital Management LLCActive

Notable overlap · 6 shared positions

$RVMD $XENE $CYTK $SNDX $IPSC $NGNE

$524M

88 positions

#10Eagle Health Investments LPActive

Notable overlap · 5 shared positions

$BMRN $INSM $RVMD $AVTX $IMCR

$603M

27 positions

#11Spruce Street Capital LPActive

Notable overlap · 5 shared positions

$LBRX $IPSC $IKT $NERV $RACC

$510M

30 positions

#12BVF INC/ILActive

Notable overlap · 10 shared positions

$RVMD $MIRM $MLTX $IMCR $AVTX $FDMT

$3.9B

44 positions

#13Seven Fleet Capital Management LPActive

Notable overlap · 7 shared positions

$RVMD $AVTX $MIRM $CYTK $IPSC $NERV

$606M

96 positions

#14Rock Springs Capital Management LPActive

Notable overlap · 5 shared positions

$MIRM $RVMD $XENE $INSM $CYTK

$2.0B

104 positions

#15Redmile Group, LLCSmart money

Notable overlap · 6 shared positions

$NRIX $NGNE $BMRN $XENE $AURA $INSM

$1.5B

39 positions

#16Logos Global Management LPActive

Notable overlap · 8 shared positions

$RVMD $MLTX $DSGN $XENE $AVTX $IMCR

$2.3B

68 positions

#17SPHERA FUNDS MANAGEMENT LTD.Active

Notable overlap · 5 shared positions

$CYTK $SNDX $BMRN $INSM $XENE

$767M

105 positions

#18TCG Crossover Management, LLCActive

Notable overlap · 8 shared positions

$MIRM $AURA $RVMD $TRAX $AVTX $LBRX

$4.2B

54 positions

#19Deep Track Capital, LPActive

Notable overlap · 7 shared positions

$BMRN $NRIX $MLTX $LBRX $AVTX $CYTK

$6.9B

67 positions

#20Vivo Capital, LLCActive

Notable overlap · 8 shared positions

$LBRX $MLTX $DSGN $CAMP $NERV $OKUR

$1.1B

47 positions

#21Avoro Capital Advisors LLCSmart money

Notable overlap · 4 shared positions

$CYTK $XENE $RVMD $AVTX

$11.1B

26 positions

#22Ally Bridge Group (NY) LLCActive

Notable overlap · 5 shared positions

$TRAX $AVTX $IVA $NERV $PMN

$113M

25 positions

#23GREAT POINT PARTNERS LLCActive

Notable overlap · 7 shared positions

$MLTX $NGNE $LBRX $IRD $SLGL $ALT

$529M

42 positions

#24Integral Health Asset Management, LLCActive

Notable overlap · 3 shared positions

$INSM $CYTK $RVMD

$2.5B

92 positions

#25BAKER BROS. ADVISORS LPSmart money

Notable overlap · 5 shared positions

$INSM $RVMD $INCY $NRIX $MIRM

$20.0B

84 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.