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 Defilade ,

13F Portfolio OverlapQ1 2026Defilade , portfolio →

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Most similar hedge funds by 13F overlap

Defilade Capital Management, L.P. is an institutional investor managing $712M across 31 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 Defilade , are SECTOR GAMMA AS, Arrowpoint Investment Partners (Singapore) Pte. Ltd., First Turn ,, with shared positions in $ZBH, $BDX, $PFE, $BIIB, $LNTH, $TNDM. The full ranking of 25 similar funds is below.

#1SECTOR GAMMA ASActive

Notable overlap · 11 shared positions

$ZBH $BDX $PFE $BIIB $LNTH $TNDM

$423M

42 positions

#2Arrowpoint Investment Partners (Singapore) Pte. Ltd.Passive

Notable overlap · 8 shared positions

$PTCT $NBIX $PFE $INSM $ASND $BIIB

$113M

82 positions

#3First Turn Management, LLCActive

Notable overlap · 7 shared positions

$INSM $RVMD $COGT $NUVL $ASND $ORIC

$895M

33 positions

#4Rock Springs Capital Management LPActive

Notable overlap · 7 shared positions

$RVMD $INSM $ISRG $ASND $COGT $DXCM

$1.7B

100 positions

#5Vestal Point Capital, LPActive

Notable overlap · 7 shared positions

$RVMD $NBIX $ASND $GMED $NUVL $COGT

$3.6B

90 positions

#6Palo Alto Investors LPActive

Notable overlap · 6 shared positions

$PTCT $INSM $BIIB $ALGN $DNLI $NBIX

$654M

51 positions

#7Integral Health Asset Management, LLCActive

Notable overlap · 8 shared positions

$INSM $RVMD $ASND $NBIX $ORIC $ISRG

$2.1B

90 positions

#8RTW INVESTMENTS, LPActive

Notable overlap · 5 shared positions

$PTCT $INSM $COGT $NBIX $ISRG

$10.0B

88 positions

#9Paradigm Biocapital Advisors LPActive

Notable overlap · 5 shared positions

$RVMD $INSM $OLMA $NUVL $ORIC

$4.9B

35 positions

#10DAFNA Capital Management LLCActive

Notable overlap · 8 shared positions

$RVMD $NBIX $ASND $TNDM $DNLI $DXCM

$440M

83 positions

#11Tri Locum Partners LPActive

Notable overlap · 4 shared positions

$DXCM $ISRG $NUVL $ASND

$713M

17 positions

#12Parkman Healthcare Partners LLCActive

Notable overlap · 5 shared positions

$DXCM $PTCT $ZBH $NBIX $NUVL

$970M

90 positions

#13HealthInvest Partners ABActive

Notable overlap · 5 shared positions

$ISRG $RVMD $NBIX $INSM $DXCM

$310M

39 positions

#14Logos Global Management LPActive

Notable overlap · 4 shared positions

$RVMD $OLMA $BIIB $OCUL

$2.0B

66 positions

#15Hillman Capital Management, Inc.Passive

Notable overlap · 4 shared positions

$ZBH $PFE $BIIB $BDX

$144M

56 positions

#16Bellevue Group AGActive

Notable overlap · 4 shared positions

$RVMD $ISRG $NUVL $DXCM

$4.2B

155 positions

#17DEERFIELD MANAGEMENT COMPANY, L.P. (SERIES C)Active

Notable overlap · 6 shared positions

$RVMD $COGT $NUVL $PFE $NBIX $LNTH

$8.5B

82 positions

#18PFM Health Sciences, LPActive

Notable overlap · 6 shared positions

$NBIX $ASND $RVMD $ITGR $HSIC $DXCM

$1.1B

83 positions

#19Affinity Asset Advisors, LLCActive

Notable overlap · 4 shared positions

$INSM $COGT $NUVL $ASND

$1.9B

105 positions

#20Rhenman & Partners Asset Management ABPassive

Notable overlap · 4 shared positions

$INSM $BIIB $ISRG $NBIX

$810M

86 positions

#21BAKER BROS. ADVISORS LPSmart money

Notable overlap · 3 shared positions

$INSM $RVMD $DNLI

$17.4B

84 positions

#22Eagle Health Investments LPActive

Notable overlap · 4 shared positions

$INSM $RVMD $ASND $ISRG

$572M

28 positions

#23SECTORAL ASSET MANAGEMENT INCActive

Notable overlap · 5 shared positions

$INSM $EVMN $ISRG $DXCM $COGT

$121M

77 positions

#24Artia Global Partners LPActive

Notable overlap · 4 shared positions

$INSM $RVMD $ASND $BIIB

$499M

50 positions

#25SILVERARC CAPITAL MANAGEMENT, LLCActive

Notable overlap · 6 shared positions

$COGT $NUVL $ASND $ORIC $BIIB $INSM

$980M

73 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.