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 INTERCAPITAL,

13F Portfolio OverlapQ1 2026INTERCAPITAL, portfolio →

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Most similar hedge funds by 13F overlap

INTERCAPITAL, LLC is an institutional investor managing $299M across 108 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 INTERCAPITAL, are FirstWave, Think Investments, Proem Advisors, with shared positions in $RDDT, $MELI, $SE, $HIMS, $CRDO, $MU. The full ranking of 25 similar funds is below.

#1FirstWave Capital Management LLCActive

Substantial overlap · 10 shared positions

$RDDT $MELI $SE $HIMS $CRDO $MU

$94M

27 positions

#2Think Investments LPActive

Notable overlap · 6 shared positions

$MELI $RDDT $CRCL $SE $COMP $BABA

$762M

31 positions

#3Proem Advisors LLCSmart money

Notable overlap · 9 shared positions

$SE $MELI $WIX $DUOL $MU $HIMS

$1.7B

36 positions

#4Bienville Capital Management, LLCPassive

Notable overlap · 6 shared positions

$MELI $SE $AFRM $APP $HOOD $RDDT

$550M

74 positions

#5D1 Capital Partners L.P.Active

Notable overlap · 5 shared positions

$MELI $SE $RDDT $AFRM $APP

$11.2B

44 positions

#6BAILLIE GIFFORD & COActive

Notable overlap · 7 shared positions

$MELI $SE $SHOP $RDDT $RIVN $APP

$97.9B

271 positions

#7DEEPWATER ASSET MANAGEMENT, LLCPassive

Notable overlap · 6 shared positions

$RDDT $MELI $SHOP $CRDO $MU $APP

$158M

39 positions

#8SQUARE PEG CAPITAL PTY LTDActive

Notable overlap · 3 shared positions

$RDDT $DUOL $SHOP

$75M

10 positions

#9Durable Capital Partners LPActive

Notable overlap · 4 shared positions

$MELI $AFRM $WIX $SHOP

$9.7B

37 positions

#10ThornTree Capital Partners LPActive

Notable overlap · 4 shared positions

$AFRM $MELI $SHOP $ONON

$564M

16 positions

#11Renaissance Capital LLCActive

Notable overlap · 4 shared positions

$RDDT $CRCL $FIG $VG

$138M

47 positions

#12TrueNorth, Inc.Passive

Notable overlap · 4 shared positions

$AFRM $SE $MU $AMD

$1.0B

1,033 positions

#13Metavasi Capital LPActive

Notable overlap · 5 shared positions

$DAVE $COMP $HIMS $APP $HOOD

$276M

21 positions

#14Coronation Fund Managers Ltd.Active

Notable overlap · 3 shared positions

$MELI $SE $LPLA

$2.2B

53 positions

#15Marcho Partners LLPActive

Notable overlap · 3 shared positions

$MELI $SE $SHOP

$124M

5 positions

#16Evolutionary Tree Capital Management, LLCPassive

Notable overlap · 5 shared positions

$SE $MELI $AFRM $SHOP $MU

$53M

26 positions

#17Ravenswood Partners LPPassive

Notable overlap · 5 shared positions

$MELI $SE $SHOP $MU $HOOD

$271M

35 positions

#18Fund 1 Investments, LLCActive

Notable overlap · 5 shared positions

$RDDT $SE $DAVE $APP $AMD

$872M

66 positions

#19Flight Deck Capital, LPActive

Notable overlap · 3 shared positions

$MELI $SE $HOOD

$137M

10 positions

#20KIDS CAPITAL MANAGEMENT, L.P.Active

Notable overlap · 3 shared positions

$MELI $SE $HOOD

$106M

12 positions

#21Kora Management LPSmart money

Notable overlap · 3 shared positions

$MELI $SE $PDD

$702M

9 positions

#22Q Fund Management (Hong Kong) LtdSmart money

Notable overlap · 6 shared positions

$AFRM $MU $HOOD $RDDT $APP $PDD

$107M

33 positions

#23Nikko Asset Management Americas, Inc.Active

Notable overlap · 7 shared positions

$CRCL $MELI $SHOP $BABA $HOOD $BIDU

$7.1B

186 positions

#24Generali Powszechne Towarzystwo EmerytalneActive

Notable overlap · 4 shared positions

$MELI $BA $MU $AMD

$566M

28 positions

#25Leibman Financial Services, Inc.Passive

Notable overlap · 4 shared positions

$LULU $MELI $SE $PLD

$136M

49 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.