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 Frec Markets

13F Portfolio OverlapQ2 2026Frec Markets portfolio →

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Most similar hedge funds by 13F overlap

Frec Markets, Inc. is an institutional investor managing $1.1B across 905 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 Frec Markets are Western Financial, Markin Volterra Fund, GF FUND LTD., with shared positions in $KLAC, $WDC, $APH, $MRVL, $ASML, $TXN. The full ranking of 25 similar funds is below.

#1Western Financial Corp/CAActive

Slight overlap · 6 shared positions

$KLAC $WDC $APH $MRVL $ASML $TXN

$300M

136 positions

#2Markin Volterra Fund LPActive

Slight overlap · 6 shared positions

$KLAC $WDC $APH $MRVL $SNDK $DELL

$147M

69 positions

#3GF FUND MANAGEMENT CO. LTD.Active

Slight overlap · 6 shared positions

$KLAC $WDC $MRVL $ASML $TXN $SNDK

$7.7B

616 positions

#4PROFUND ADVISORS LLCPassive

Slight overlap · 6 shared positions

$KLAC $WDC $MRVL $ASML $TXN $SNDK

$3.6B

1,175 positions

#5E Fund Management (Hong Kong) Co., Ltd.Passive

Slight overlap · 6 shared positions

$KLAC $WDC $MRVL $ASML $TXN $SNDK

$302M

551 positions

#6China Universal Asset Management Co., Ltd.Passive

Slight overlap · 6 shared positions

$KLAC $WDC $MRVL $ASML $TXN $SNDK

$1.7B

513 positions

#7Invesco Ltd.Passive

Slight overlap · 6 shared positions

$KLAC $WDC $MRVL $ASML $TXN $SNDK

$1.3T

3,819 positions

#8FMR LLCPassive

Slight overlap · 6 shared positions

$KLAC $WDC $APH $MRVL $ASML $SNDK

$2.3T

5,572 positions

#9SEEDS INVESTOR LLCPassive

Slight overlap · 6 shared positions

$KLAC $WDC $MRVL $ASML $SNDK $DELL

$973M

379 positions

#10Retireful, LLCPassive

Slight overlap · 6 shared positions

$KLAC $WDC $MRVL $TXN $SNDK $DELL

$116M

86 positions

#11E Fund Management Co., Ltd.Active

Slight overlap · 6 shared positions

$KLAC $WDC $MRVL $ASML $TXN $SNDK

$4.5B

488 positions

#12Ethic Inc.Passive

Slight overlap · 6 shared positions

$KLAC $WDC $ASML $TXN $SNDK $MS

$8.0B

1,358 positions

#13BNP PARIBAS FINANCIAL MARKETSPassive

Slight overlap · 6 shared positions

$KLAC $WDC $ASML $TXN $SNDK $MS

$288.9B

5,898 positions

#14Owl Creek Wealth Partners LLCPassive

Slight overlap · 6 shared positions

$KLAC $WDC $ASML $SNDK $MS $DELL

$355M

1,318 positions

#15Westwind CapitalPassive

Slight overlap · 6 shared positions

$KLAC $WDC $TXN $SNDK $MS $DELL

$426M

87 positions

#16ARGONAUTICA PRIVATE WEALTH MANAGEMENT, INCPassive

Slight overlap · 5 shared positions

$KLAC $WDC $APH $MRVL $TXN

$409M

182 positions

#17Inspire Investing, LLCPassive

Slight overlap · 5 shared positions

$KLAC $WDC $APH $MRVL $SNDK

$2.4B

1,285 positions

#18STEVENS CAPITAL MANAGEMENT LPPassive

Slight overlap · 6 shared positions

$WDC $MRVL $ASML $SNDK $MS $DELL

$417M

213 positions

#19Alta Wealth Advisors LLCPassive

Slight overlap · 5 shared positions

$KLAC $WDC $APH $MRVL $MS

$369M

170 positions

#20Harvest Fund Management Co., LtdPassive

Slight overlap · 5 shared positions

$KLAC $WDC $MRVL $ASML $TXN

$3.0B

455 positions

#21Camarda Financial Advisors, LLCPassive

Slight overlap · 5 shared positions

$KLAC $WDC $MRVL $ASML $SNDK

$331M

122 positions

#22NEOS Investment Management LLCActive

Slight overlap · 5 shared positions

$KLAC $WDC $MRVL $TXN $SNDK

$27.1B

578 positions

#23Wahed Invest LLCActive

Slight overlap · 5 shared positions

$KLAC $WDC $MRVL $TXN $SNDK

$958M

227 positions

#24PKO Investment Management Joint-Stock CoPassive

Slight overlap · 5 shared positions

$KLAC $WDC $MRVL $TXN $SNDK

$1.5B

229 positions

#25ProShare Advisors LLCActive

Slight overlap · 5 shared positions

$KLAC $WDC $MRVL $TXN $SNDK

$69.2B

1,913 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.