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 Themes

13F Portfolio OverlapQ1 2026Themes portfolio →

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Most similar hedge funds by 13F overlap

Themes Management Co LLC is an institutional investor managing $162M across 151 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 Themes are Newport Company,, Spectrum Financial Alliance Ltd, Westend ,, with shared positions in $GE, $BA, $HON, $GD, $LMT, $HWM. The full ranking of 25 similar funds is below.

#1Newport Trust Company, LLCSmart money

Notable overlap · 4 shared positions

$GE $BA $HON $GD

$40.7B

64 positions

#2Spectrum Financial Alliance Ltd LLCActive

Notable overlap · 3 shared positions

$GE $BA $LMT

$520M

30 positions

#3Westend Capital Management, LLCPassive

Notable overlap · 5 shared positions

$BA $GE $HWM $CCJ $FCX

$333M

254 positions

#4CLOUGH CAPITAL PARTNERS L PActive

Notable overlap · 7 shared positions

$BA $LMT $GE $GD $BWXT $TDY

$1.0B

96 positions

#5Dilation Capital Management LPActive

Notable overlap · 3 shared positions

$BA $GE $HWM

$199M

20 positions

#6Hedges Asset Management LLC

Notable overlap · 4 shared positions

$GE $BA $HON $NEM

$142M

108 positions

#7Kingsman Wealth Management, Inc.Active

Notable overlap · 6 shared positions

$GE $HWM $BA $PLTR $GD $AMD

$178M

70 positions

#8Old West Investment Management, LLCPassive

Notable overlap · 7 shared positions

$LMT $NOC $CCJ $BA $AGI $AEM

$923M

123 positions

#9Codex Capital Asset Management L.L.C.Active

Notable overlap · 4 shared positions

$GE $HON $BA $TDY

$259M

31 positions

#10BAROMETER CAPITAL MANAGEMENT INC.Passive

Notable overlap · 9 shared positions

$HWM $GD $AGI $AEM $KGC $BWXT

$292M

114 positions

#11VAN ECK ASSOCIATES CORPPassive

Notable overlap · 13 shared positions

$NEM $AGI $AEM $AMD $EQX $KGC

$133M

1,404 positions

#12O'Domhnaill Enterprises, Inc.Passive

Notable overlap · 8 shared positions

$LMT $CCJ $NOC $GD $NEM $AEM

$124M

55 positions

#13Werlinich Asset Management, LLCActive

Notable overlap · 6 shared positions

$LMT $NOC $HON $GD $AMD $CEG

$206M

56 positions

#14HERBST GROUP, LLCPassive

Notable overlap · 6 shared positions

$GE $GD $LHX $CEG $BA $HON

$162M

59 positions

#15MARSICO CAPITAL MANAGEMENT LLCActive

Notable overlap · 3 shared positions

$GE $BA $HON

$3.4B

65 positions

#16Minneapolis Portfolio Management Group, LLCActive

Notable overlap · 5 shared positions

$BA $LMT $NEM $BWXT $HON

$942M

33 positions

#17KADENSA CAPITAL LtdActive

Notable overlap · 5 shared positions

$GE $HWM $TER $AMD $PLTR

$718M

39 positions

#18Glass Wealth Management Co LLCPassive

Notable overlap · 6 shared positions

$NOC $LMT $LHX $NEM $FCX $GD

$258M

67 positions

#19Barbara Oil Co.Passive

Notable overlap · 6 shared positions

$LMT $TDG $BA $HON $LHX $BWXT

$259M

69 positions

#20Williamson Legacy Group, LLCPassive

Notable overlap · 8 shared positions

$HWM $TER $NEM $AGI $AEM $BWXT

$133M

81 positions

#21Financial Sense Advisors, Inc.Passive

Notable overlap · 6 shared positions

$BA $NEM $AEM $PLTR $FCX $BWXT

$493M

142 positions

#22HOERTKORN RICHARD CHARLESActive

Notable overlap · 3 shared positions

$GE $BA $AMD

$122M

75 positions

#23Bouvel Investment Partners, LLCPassive

Notable overlap · 5 shared positions

$GE $HON $BA $TER $PLTR

$345M

78 positions

#24Vident Advisory, LLCPassive

Notable overlap · 9 shared positions

$LMT $NOC $GD $LHX $PLTR $AMD

$11.7B

1,835 positions

#25Terra Nova Asset Management LLCPassive

Notable overlap · 4 shared positions

$GE $HWM $CCJ $RKLB

$135M

83 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.