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 FIL Ltd

13F Portfolio OverlapQ1 2026FIL Ltd portfolio →

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Most similar hedge funds by 13F overlap

FIL Ltd is an institutional investor managing $128.7B across 1,105 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 FIL Ltd are MUFG SECURITIES (CANADA), LTD., Addenda, MACKENZIE FINANCIAL, with shared positions in $RY, $AEM, $TD, $SHOP, $SU, $CNI. The full ranking of 25 similar funds is below.

#1MUFG SECURITIES (CANADA), LTD.Active

Substantial overlap · 19 shared positions

$RY $AEM $TD $SHOP $SU $CNI

$3.5B

43 positions

#2Addenda Capital Inc.Active

Substantial overlap · 16 shared positions

$RY $AEM $TD $SHOP $SU $CNI

$3.6B

129 positions

#3MACKENZIE FINANCIAL CORPPassive

Notable overlap · 17 shared positions

$RY $AEM $TD $SHOP $CP $BMO

$83.3B

1,420 positions

#4CIBC WORLD MARKET INC.Passive

Notable overlap · 16 shared positions

$RY $TD $SHOP $AEM $SU $TRP

$61.3B

1,463 positions

#5CIBC Asset Management IncActive

Notable overlap · 15 shared positions

$RY $AEM $TD $SU $TRP $CP

$40.9B

1,372 positions

#6Connor, Clark & Lunn Investment Management Ltd.Passive

Notable overlap · 15 shared positions

$RY $AEM $TD $SHOP $SU $TRP

$43.4B

1,526 positions

#7BANK OF NOVA SCOTIA TRUST COActive

Notable overlap · 16 shared positions

$RY $TD $SU $CNI $TRP $CP

$1.2B

161 positions

#8GUARDIAN CAPITAL LPActive

Notable overlap · 14 shared positions

$RY $AEM $TD $SHOP $SU $CP

$3.8B

177 positions

#9TD Waterhouse Canada Inc.Passive

Notable overlap · 14 shared positions

$RY $AEM $TD $SU $TRP $CP

$33.7B

2,307 positions

#10PICTON MAHONEY ASSET MANAGEMENTPassive

Notable overlap · 13 shared positions

$RY $AEM $TD $SHOP $SU $TRP

$13.5B

1,238 positions

#11INTACT INVESTMENT MANAGEMENT INC.Passive

Notable overlap · 15 shared positions

$RY $TD $SU $CNI $BMO $FNV

$3.5B

269 positions

#12Hillsdale Investment Management Inc.Passive

Notable overlap · 15 shared positions

$RY $AEM $TD $SU $SHOP $BMO

$3.7B

655 positions

#13PCJ Investment Counsel Ltd.Passive

Notable overlap · 12 shared positions

$RY $TD $AEM $SHOP $SU $CNI

$352M

59 positions

#14Federation des caisses Desjardins du QuebecPassive

Notable overlap · 13 shared positions

$RY $TD $SU $CNI $TRP $SHOP

$27.8B

2,964 positions

#15TD ASSET MANAGEMENT INCPassive

Notable overlap · 13 shared positions

$RY $TD $AEM $SU $BMO $CP

$123.2B

1,230 positions

#16Scheer, Rowlett & Associates Investment Management Ltd.Active

Notable overlap · 13 shared positions

$RY $TD $SU $CNI $TRP $CP

$1.4B

33 positions

#171832 Asset Management L.P.Active

Notable overlap · 11 shared positions

$RY $TD $SHOP $SU $CNI $TRP

$108.8B

647 positions

#18SCOTIA CAPITAL INC.Active

Notable overlap · 13 shared positions

$RY $TD $CNI $TRP $BMO $SU

$24.3B

916 positions

#19BANK OF MONTREAL /CAN/Passive

Notable overlap · 14 shared positions

$RY $TD $TRP $BMO $SU $AEM

$268.5B

3,733 positions

#20Tacita Capital IncPassive

Notable overlap · 12 shared positions

$RY $TD $CNI $TRP $FNV $BMO

$169M

238 positions

#21Guardian Partners Inc.Active

Notable overlap · 11 shared positions

$RY $TD $SU $CNI $BMO $AEM

$1.2B

192 positions

#22Alberta Investment Management CorpActive

Notable overlap · 12 shared positions

$RY $TD $SU $AEM $TRP $CVE

$16.7B

580 positions

#23Triasima Portfolio Management inc.Passive

Notable overlap · 11 shared positions

$RY $TD $SHOP $BMO $CNI $CVE

$661M

137 positions

#24Lorne Steinberg Wealth Management Inc.Passive

Notable overlap · 10 shared positions

$RY $TD $CNI $TRP $CP $BMO

$422M

68 positions

#25LETKO, BROSSEAU & ASSOCIATES INCActive

Notable overlap · 11 shared positions

$RY $TD $CNI $BMO $CVE $CM

$6.2B

101 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.