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 Arrow Investment Advisors

13F Portfolio OverlapQ2 2026Arrow Investment Advisors portfolio →

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Most similar hedge funds by 13F overlap

Arrow Investment Advisors, LLC is an institutional investor managing $103M across 75 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 Arrow Investment Advisors are INFRASTRUCTURE ADVISORS, ALPS ADVISORS, TORTOISE ADVISORS, L.L.C., with shared positions in $RLJ, $WES, $MPLX, $PAA, $SUN, $ET. The full ranking of 25 similar funds is below.

#1INFRASTRUCTURE CAPITAL ADVISORS, LLCActive

Notable overlap · 10 shared positions

$RLJ $WES $MPLX $PAA $SUN $ET

$1.7B

185 positions

#2ALPS ADVISORS INCActive

Notable overlap · 10 shared positions

$WES $MPLX $PAA $SUN $HESM $ET

$21.3B

1,170 positions

#3TORTOISE CAPITAL ADVISORS, L.L.C.Active

Notable overlap · 10 shared positions

$AM $WES $MPLX $PAGP $PAA $ET

$9.8B

91 positions

#4LONGFELLOW INVESTMENT MANAGEMENT CO LLCPassive

Notable overlap · 9 shared positions

$WES $MPLX $PAA $HESM $ET $CQP

$489M

244 positions

#5Fractal Investments LLCActive

Notable overlap · 11 shared positions

$WES $MPLX $PAA $SUN $HESM $ET

$867M

80 positions

#6MILLER HOWARD INVESTMENTS INC /NYActive

Notable overlap · 8 shared positions

$WES $MPLX $PAA $SUN $ET $EPD

$3.8B

152 positions

#7CHICKASAW CAPITAL MANAGEMENT LLCSmart money

Notable overlap · 9 shared positions

$WES $MPLX $PAGP $PAA $ET $EPD

$2.8B

97 positions

#8RR Advisors, LLCActive

Notable overlap · 8 shared positions

$AM $WES $KNTK $MPLX $PAGP $ET

$346M

25 positions

#9Blackstone Inc.Active

Notable overlap · 8 shared positions

$KNTK $MPLX $ET $CQP $EPD $WES

$32.9B

518 positions

#10GraniteShares Advisors LLCPassive

Notable overlap · 7 shared positions

$WES $DKL $MPLX $BSM $PAA $KRP

$156M

90 positions

#11KAYNE ANDERSON CAPITAL ADVISORS LPActive

Notable overlap · 9 shared positions

$WES $MPLX $PAA $MNR $ET $EPD

$5.1B

53 positions

#12Heronetta Management, L.P.Smart money

Notable overlap · 7 shared positions

$WES $MPLX $PAGP $HESM $ET $EPD

$109M

15 positions

#13EAGLE GLOBAL ADVISORS LLCActive

Notable overlap · 7 shared positions

$MPLX $ET $EPD $PAA $WES $AM

$3.0B

277 positions

#14Recurrent Investment Advisors LLCActive

Notable overlap · 7 shared positions

$WES $MPLX $PAGP $SUN $ET $EPD

$1.6B

71 positions

#15CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENTActive

Notable overlap · 6 shared positions

$WES $KNTK $MPLX $PAGP $ET $EPD

$2.2B

73 positions

#16Pinnacle Holdings, LLCPassive

Notable overlap · 8 shared positions

$AM $KNTK $MPLX $PAGP $ET $HESM

$324M

237 positions

#17Adams Asset Advisors, LLCActive

Notable overlap · 6 shared positions

$WES $PAA $SUN $ET $EPD $MPLX

$882M

88 positions

#18Energy Income Partners, LLCActive

Notable overlap · 6 shared positions

$MPLX $PAGP $SUN $ET $EPD $CQP

$6.4B

88 positions

#19Catalyst Capital Advisors LLCActive

Notable overlap · 7 shared positions

$ET $MPLX $KNTK $WES $PAGP $EPD

$6.0B

369 positions

#20PIN OAK INVESTMENT ADVISORS INCPassive

Notable overlap · 6 shared positions

$TXO $MNR $KRP $ET $EPD $PAGP

$138M

479 positions

#21SL ADVISORS, LLCActive

Notable overlap · 6 shared positions

$WES $KNTK $MPLX $ET $EPD $PAGP

$57M

32 positions

#22WALNUT PRIVATE EQUITY PARTNERS, LLCSmart money

Notable overlap · 6 shared positions

$MPLX $PAA $SUN $ET $EPD $PAGP

$185M

15 positions

#23Sovereign Investment Advisors, LLCActive

Notable overlap · 5 shared positions

$WES $MPLX $PAA $EPD $SUN

$533M

109 positions

#24ELCO Management Co., LLCPassive

Notable overlap · 6 shared positions

$MPLX $PAA $ET $WES $EPD $SUN

$232M

174 positions

#25Gilman Hill Asset Management, LLCPassive

Some overlap · 6 shared positions

$KNTK $MPLX $EPD $ET $PAGP $FCX

$731M

236 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.