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 Blackstone

13F Portfolio OverlapQ2 2026Blackstone portfolio →

Institutional-grade research for retail investors

Most similar hedge funds by 13F overlap

Blackstone Inc. is an institutional investor managing $32.9B across 518 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 Blackstone are KAYNE ANDERSON ADVISORS, CUSHING ASSET , dba NXG INVESTMENT, TORTOISE ADVISORS, L.L.C., with shared positions in $WMB, $TRGP, $EPD, $KMI, $ENB, $MPLX. The full ranking of 25 similar funds is below.

#1KAYNE ANDERSON CAPITAL ADVISORS LPActive

Substantial overlap · 15 shared positions

$WMB $TRGP $EPD $KMI $ENB $MPLX

$5.1B

53 positions

#2CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENTActive

Substantial overlap · 14 shared positions

$WMB $TRGP $KMI $EPD $MPLX $ENB

$2.2B

73 positions

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

Substantial overlap · 15 shared positions

$WMB $TRGP $EPD $ENB $MPLX $ET

$9.8B

91 positions

#4Fractal Investments LLCActive

Substantial overlap · 15 shared positions

$WMB $TRGP $EPD $KMI $MPLX $ET

$867M

80 positions

#5RR Advisors, LLCActive

Substantial overlap · 11 shared positions

$WMB $TRGP $EPD $KMI $MPLX $ET

$346M

25 positions

#6SL ADVISORS, LLCActive

Substantial overlap · 11 shared positions

$WMB $TRGP $EPD $ENB $ET $KMI

$57M

32 positions

#7Recurrent Investment Advisors LLCActive

Substantial overlap · 11 shared positions

$WMB $TRGP $EPD $KMI $ENB $ET

$1.6B

71 positions

#8CHICKASAW CAPITAL MANAGEMENT LLCSmart money

Substantial overlap · 12 shared positions

$WMB $TRGP $EPD $MPLX $ET $WES

$2.8B

97 positions

#9Heronetta Management, L.P.Smart money

Substantial overlap · 11 shared positions

$WMB $EPD $KMI $TRGP $MPLX $ET

$109M

15 positions

#10EAGLE GLOBAL ADVISORS LLCActive

Substantial overlap · 11 shared positions

$TRGP $EPD $WMB $MPLX $ET $KMI

$3.0B

277 positions

#11Catalyst Capital Advisors LLCActive

Notable overlap · 14 shared positions

$TRGP $ET $MPLX $KNTK $WMB $EPD

$6.0B

369 positions

#12Energy Income Partners, LLCActive

Notable overlap · 11 shared positions

$EPD $KMI $MPLX $ET $WMB $FE

$6.4B

88 positions

#13MILLER HOWARD INVESTMENTS INC /NYActive

Notable overlap · 11 shared positions

$EPD $MPLX $ET $WMB $TRGP $ENB

$3.8B

152 positions

#14ONTARIO TEACHERS PENSION PLAN BOARDSmart money

Notable overlap · 7 shared positions

$SPCX $ENB $WMB $KMI $TRGP $LNG

$15.8B

60 positions

#15Addis & Hill, IncSmart money

Notable overlap · 6 shared positions

$WMB $TRGP $EPD $KMI $MPLX $ET

$181M

29 positions

#16ELCO Management Co., LLCPassive

Notable overlap · 8 shared positions

$WMB $TRGP $MPLX $ET $PAA $WES

$232M

174 positions

#17WESTWOOD HOLDINGS GROUP INCPassive

Notable overlap · 11 shared positions

$WMB $ET $KMI $EPD $ENB $TRGP

$13.3B

626 positions

#18INFRASTRUCTURE CAPITAL ADVISORS, LLCActive

Notable overlap · 11 shared positions

$EPD $MPLX $ET $WES $PAA $WMB

$1.7B

185 positions

#19Ghisallo Capital Management LLCActive

Notable overlap · 4 shared positions

$SPCX $DLR $LGN $FPS

$5.1B

339 positions

#20SEVEN GRAND MANAGERS, LLCActive

Notable overlap · 4 shared positions

$SPCX $DLR $LGN $FPS

$2.5B

176 positions

#21Burkehill Global Management, LPActive

Notable overlap · 4 shared positions

$SPCX $DLR $LGN $FPS

$2.8B

173 positions

#22ALPS ADVISORS INCActive

Notable overlap · 9 shared positions

$EPD $CQP $MPLX $ET $WES $PAA

$21.3B

1,170 positions

#23BROOKFIELD Corp /ON/Smart money

Notable overlap · 13 shared positions

$CQP $SPCX $WMB $TRGP $LNG $ET

$77.0B

139 positions

#24Capital Innovations LLCPassive

Notable overlap · 7 shared positions

$WMB $DLR $ENB $DTM $LNG $FE

$385M

51 positions

#25WALNUT PRIVATE EQUITY PARTNERS, LLCSmart money

Notable overlap · 6 shared positions

$WMB $EPD $MPLX $ET $PAA $SUNC

$185M

15 positions

Compare Blackstone’s portfolio side by side

See the exact shared positions, conviction overlap, sector alignment, and where these funds diverge — and run the same analysis on any of 8,700+ institutions.

View Blackstone’s holdings

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.