What hedge funds are most similar to Closed-End Fund Advisors, Inc.?

The funds with the most similar 13F portfolios to Closed-End Fund Advisors, Inc. are Thomas J. Herzfeld Advisors, Matisse, Atlas Wealth, 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 Closed-End Fund Advisors

13F Portfolio OverlapQ2 2026Closed-End Fund Advisors portfolio →

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Most similar hedge funds by 13F overlap

Closed-End Fund Advisors, Inc. is an institutional investor managing $102M across 163 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 Closed-End Fund Advisors are Thomas J. Herzfeld Advisors, Matisse, Atlas Wealth, with shared positions in $FSSL, $SABA, $HFRO, $RA, $TYG, $FSCO. The full ranking of 25 similar funds is below.

#1Thomas J. Herzfeld Advisors, Inc.Active

Notable overlap · 14 shared positions

$FSSL $SABA $HFRO $RA $TYG $FSCO

$326M

129 positions

#2Matisse CapitalPassive

Notable overlap · 11 shared positions

$FSSL $BPRE $HFRO $PNI $DMA $FSCO

$250M

158 positions

#3Atlas Wealth LLCPassive

Notable overlap · 10 shared positions

$MEGI $SDHY $DMA $FINS $HFRO $GUG

$701M

178 positions

#4Almitas Capital LLC

Notable overlap · 8 shared positions

$TYG $MEGI $FSSL $SDHY $MFM $PCQ

$417M

130 positions

#5Noble Wealth Management PBCPassive

Notable overlap · 9 shared positions

$FINS $FSSL $RA $FSCO $BANX $BPRE

$223M

778 positions

#6North Ground CapitalActive

Notable overlap · 8 shared positions

$TYG $FSSL $OTF $BCSF $CGBD $FSCO

$83M

33 positions

#7ROBINSON CAPITAL MANAGEMENT, LLCActive

Notable overlap · 7 shared positions

$MFM $RFMZ $PNI $PCQ $VFL $FSCO

$226M

100 positions

#8Saba Capital Management, L.P.Passive

Some overlap · 5 shared positions

$BPRE $MEGI $HFRO $NML $SABA

$3.9B

400 positions

#9RIVERNORTH CAPITAL MANAGEMENT, LLCPassive

Some overlap · 5 shared positions

$FSSL $OTF $SABA $FSCO $PCQ

$2.1B

585 positions

#10CITY OF LONDON INVESTMENT MANAGEMENT CO LTDActive

Some overlap · 6 shared positions

$KYN $NML $SDHY $MEGI $MFM $PCQ

$1.7B

80 positions

#11ACCREDITED INVESTOR SERVICES, LLCSmart money

Some overlap · 4 shared positions

$MEGI $RA $WIW $NPFD

$177M

81 positions

#12Bulldog Investors, LLPPassive

Some overlap · 4 shared positions

$OTF $BPRE $XFLT $NCDL

$455M

225 positions

#13Professional Financial Management, Inc.Active

Some overlap · 3 shared positions

$RFMZ $PNI $PCQ

$99M

24 positions

#14Concorde Asset Management, LLC

Some overlap · 5 shared positions

$HFRO $FSCO $TYG $KYN $WIW

$173M

152 positions

#15MELFA WEALTH MANAGEMENT, INC.Passive

Some overlap · 3 shared positions

$MFM $PNI $PCQ

$185M

196 positions

#16SIT INVESTMENT ASSOCIATES INCPassive

Some overlap · 4 shared positions

$FINS $NPFD $JRI $RA

$5.3B

521 positions

#17Arlington Capital Management, Inc.Passive

Some overlap · 4 shared positions

$FSCO $XFLT $RA $RFMZ

$161M

112 positions

#18Logan Stone Capital, LLCActive

Some overlap · 5 shared positions

$BGX $PCQ $SDHY $MFM $PNI

$473M

155 positions

#19Financially in Tune, LLC

Some overlap · 4 shared positions

$RFMZ $PCQ $FSCO $PNI

$116M

77 positions

#20ARES MANAGEMENT LLCSmart money

Slight overlap · 5 shared positions

$OTF $NCDL $TRIN $BCSF $CGBD

$2.3B

44 positions

#21CAZ INVESTMENTS LPSmart money

Slight overlap · 3 shared positions

$OTF $CGBD $BCSF

$96M

47 positions

#22BLUE BELL PRIVATE WEALTH MANAGEMENT, LLCActive

Slight overlap · 4 shared positions

$MEGI $SABA $EMO $DMA

$802M

716 positions

#23GCM Grosvenor Holdings, LLCSmart money

Slight overlap · 3 shared positions

$OTF $FSSL $BCSF

$2.3B

24 positions

#24Catalina Capital Group, LLC

Slight overlap · 4 shared positions

$KYN $SDHY $OTF $SABA

$168M

176 positions

#25Cerberus Capital Management, L.P.Smart money

Slight overlap · 3 shared positions

$BCSF $OTF $CGBD

$2.1B

12 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.