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 REAVES W H &

13F Portfolio OverlapQ1 2026REAVES W H & portfolio →

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Most similar hedge funds by 13F overlap

REAVES W H & CO INC is an institutional investor managing $6.0B across 90 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 REAVES W H & are Energy Income Partners,, Harrison Street Private Wealth, DUFF & PHELPS INVESTMENT, with shared positions in $PPL, $ETR, $EPD, $SRE, $WMB, $CNP. The full ranking of 25 similar funds is below.

#1Energy Income Partners, LLCActive

Substantial overlap · 20 shared positions

$PPL $ETR $EPD $SRE $WMB $CNP

$6.2B

87 positions

#2Harrison Street Private Wealth LLCActive

Substantial overlap · 8 shared positions

$CNP $XEL $ETR $SRE $WMB $NEE

$76M

21 positions

#3DUFF & PHELPS INVESTMENT MANAGEMENT COActive

Substantial overlap · 16 shared positions

$EQIX $SRE $XEL $NEE $ETR $CNP

$9.6B

148 positions

#4Yaupon Capital Management LPActive

Substantial overlap · 14 shared positions

$VST $NI $AEE $CMS $WMB $PNW

$3.2B

98 positions

#5Merewether Investment Management, LPActive

Substantial overlap · 10 shared positions

$VST $SRE $CNP $ETR $XEL $WMB

$5.2B

79 positions

#6Aventail Capital Group, LPPassive

Notable overlap · 13 shared positions

$ETR $CNP $GEV $PPL $NRG $AEE

$2.1B

170 positions

#7Electron Capital Partners, LLCActive

Notable overlap · 9 shared positions

$XEL $ETR $CEG $WMB $NEE $NRG

$2.6B

46 positions

#8HITE Hedge Asset Management LLCPassive

Notable overlap · 9 shared positions

$XEL $ETR $NI $AEE $LNT $WMB

$1.8B

126 positions

#9Beck Bode, LLCPassive

Notable overlap · 7 shared positions

$XEL $NI $CEG $VST $NEE $AEE

$591M

100 positions

#10CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENTActive

Notable overlap · 13 shared positions

$WMB $EPD $DTM $TLN $VST $NRG

$2.0B

66 positions

#11Zimmer Partners, LPPassive

Notable overlap · 7 shared positions

$XEL $NI $ETR $IDA $SRE $PNW

$4.1B

125 positions

#12CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLCActive

Notable overlap · 9 shared positions

$XEL $EQIX $PPL $ETR $CEG $CMS

$6.7B

96 positions

#13Ausbil Investment Management LtdPassive

Notable overlap · 6 shared positions

$ETR $NI $CEG $WMB $NEE $DTM

$201M

63 positions

#14Glendon Capital Management LPSmart money

Notable overlap · 3 shared positions

$TLN $VST $NRG

$805M

25 positions

#15Greenland Capital Management LPPassive

Notable overlap · 8 shared positions

$LNT $ETR $PPL $CMS $AEE $WEC

$787M

278 positions

#16Ripple Effect Asset Management LPSmart money

Notable overlap · 4 shared positions

$VST $TLN $WMB $CCJ

$679M

24 positions

#17CLEARFIELD CAPITAL MANAGEMENT LPActive

Notable overlap · 3 shared positions

$TLN $VST $CEG

$188M

17 positions

#18VMS Asset Management LimitedActive

Notable overlap · 5 shared positions

$CEG $VST $TLN $GLW $COHR

$164M

23 positions

#19TORTOISE CAPITAL ADVISORS, L.L.C.Active

Notable overlap · 18 shared positions

$WMB $EPD $DTM $CEG $SRE $VST

$9.6B

90 positions

#20Partners Group Holding AGActive

Notable overlap · 6 shared positions

$SRE $EQIX $CMS $WMB $CP $SBAC

$1.4B

50 positions

#21SEGRA CAPITAL MANAGEMENT, LLCActive

Notable overlap · 3 shared positions

$CEG $VST $GEV

$248M

12 positions

#22Rubric Capital Management LPActive

Notable overlap · 3 shared positions

$TLN $VST $CEG

$9.4B

83 positions

#23KAYNE ANDERSON CAPITAL ADVISORS LPActive

Notable overlap · 19 shared positions

$WMB $EPD $DTM $SRE $ETR $CNP

$5.2B

48 positions

#24Magellan Asset Management LtdActive

Notable overlap · 8 shared positions

$SRE $XEL $CMS $LNT $WEC $NEE

$7.7B

79 positions

#25Resolute Capital Asset Partners LLCPassive

Notable overlap · 7 shared positions

$CEG $VST $WMB $NRG $EQT $PWR

$190M

41 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.