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 ANGELO GORDON & ,

13F Portfolio OverlapQ4 2025ANGELO GORDON & , portfolio →

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Most similar hedge funds by 13F overlap

ANGELO GORDON & CO., L.P. is an institutional investor managing $1.1B across 61 U.S. equity positions as of Q4 2025. Based on the overlap of conviction holdings in their latest 13F filings, the hedge funds with portfolios most similar to ANGELO GORDON & , are Aequim Alternative Investments, Portman Square LLP, TPG GP A,, with shared positions in $WEC, $HPE, $EVRG, $PCG, $BRKR, $DUK. The full ranking of 25 similar funds is below.

#1Aequim Alternative Investments LPActive

Substantial overlap · 13 shared positions

$WEC $HPE $EVRG $PCG $BRKR $DUK

$5.2B

102 positions

#2Portman Square Capital LLPActive

Substantial overlap · 7 shared positions

$EVRG $PCG $NOVT $HPE $ARES $STWD

$2.6B

102 positions

#3TPG GP A, LLCActive

Notable overlap · 23 shared positions

$PCG $NGL $NVRI $EVRG $STWD $BRKR

$3.7B

76 positions

#4PIER 88 INVESTMENT PARTNERS LLCPassive

Notable overlap · 8 shared positions

$HPE $PPL $WEC $ARES $APO $HALO

$402M

112 positions

#5ADVENT CAPITAL MANAGEMENT /DE/Passive

Notable overlap · 10 shared positions

$PPL $APO $PCG $WEC $VAC $CMS

$3.6B

215 positions

#6Ovata Capital Management LtdActive

Notable overlap · 5 shared positions

$WEC $PPL $PNW $STWD $WBD

$715M

38 positions

#7Shaolin Capital Management LLCPassive

Notable overlap · 7 shared positions

$DUK $PNW $APO $HPE $BOX $ETSY

$2.7B

491 positions

#8Skaana Management L.P.Active

Notable overlap · 9 shared positions

$STWD $DUK $PCG $BRKR $HPE $NOVT

$296M

158 positions

#9CAMDEN ASSET MANAGEMENT L P /CAActive

Notable overlap · 7 shared positions

$WEC $EVRG $BOX $PNW $HAE $ETSY

$2.9B

69 positions

#10ZAZOVE ASSOCIATES LLCActive

Notable overlap · 5 shared positions

$DUK $PPL $EVRG $HAE $PCG

$1.2B

160 positions

#11Ares Systematic Credit LtdPassive

Notable overlap · 6 shared positions

$WEC $EVRG $PNW $VAC $BOX $ETSY

$127M

150 positions

#12CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLCActive

Notable overlap · 5 shared positions

$PPL $WEC $PCG $EVRG $CMS

$6.7B

96 positions

#13Wellesley Asset ManagementActive

Notable overlap · 6 shared positions

$PCG $BOX $PPL $CMS $HAE $FOUR

$953M

54 positions

#14Greenland Capital Management LPPassive

Notable overlap · 8 shared positions

$PPL $DUK $WEC $CMS $NSC $EA

$787M

278 positions

#15KRYGER CAPITAL Ltd

Notable overlap · 12 shared positions

$EXK $ULCC $CYBR $NSC $EA $WBD

$1.3B

50 positions

#16Energy Income Partners, LLCActive

Notable overlap · 5 shared positions

$PPL $DUK $EVRG $WEC $CMS

$6.2B

87 positions

#17Zimmer Partners, LPPassive

Notable overlap · 5 shared positions

$PCG $WEC $DUK $PNW $TXNM

$4.1B

125 positions

#18INCOME RESEARCH & MANAGEMENTActive

Notable overlap · 5 shared positions

$EVRG $PNW $HAE $ETSY $DXCM

$169M

26 positions

#19PenderFund Capital Management Ltd.Passive

Some overlap · 3 shared positions

$DUK $PPL $TXNM

$639M

253 positions

#20AEGON USA Investment Management, LLCSmart money

Some overlap · 8 shared positions

$DUK $APO $PPL $EVRG $WEC $CMS

$128M

41 positions

#21Lombard Odier Asset Management (Europe) LtdPassive

Some overlap · 4 shared positions

$DUK $PCG $HALO $CMS

$1.8B

190 positions

#22SOROS FUND MANAGEMENT LLCPassive

Some overlap · 9 shared positions

$PCG $CMS $EA $WEC $DXCM $GTLS

$9.1B

263 positions

#23Sessa Capital IM, L.P.Active

Some overlap · 3 shared positions

$PCG $WBD $RNA

$5.5B

36 positions

#24Partners Group Holding AGActive

Some overlap · 3 shared positions

$ARES $APO $CMS

$1.4B

50 positions

#25SSI INVESTMENT MANAGEMENT LLCPassive

Some overlap · 5 shared positions

$PCG $WEC $PPL $HPE $EVRG

$1.4B

240 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.