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 Capula Ltd

13F Portfolio OverlapQ2 2026Capula Ltd portfolio →

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Most similar hedge funds by 13F overlap

Capula Management Ltd is an institutional investor managing $28.0B across 700 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 Capula Ltd are WHITEBOX ADVISORS, MASTERS, Aequim Alternative Investments, with shared positions in $BABA, $UBER, $MSTR, $WBD, $ECHO, $VAL. The full ranking of 25 similar funds is below.

#1WHITEBOX ADVISORS LLCPassive

Notable overlap · 7 shared positions

$BABA $UBER $MSTR $WBD $ECHO $VAL

$7.7B

667 positions

#2MASTERS CAPITAL MANAGEMENT LLCActive

Notable overlap · 4 shared positions

$BABA $BA $UBER $UPS

$3.9B

80 positions

#3Aequim Alternative Investments LPActive

Notable overlap · 6 shared positions

$BABA $WDC $ECHO $EVRG $WBD $EA

$6.4B

102 positions

#4Appaloosa LPActive

Some overlap · 4 shared positions

$BABA $BA $UBER $QCOM

$7.7B

27 positions

#5NINE MASTS CAPITAL LtdActive

Some overlap · 7 shared positions

$BABA $WBD $KVUE $EA $WBS $BLD

$995M

170 positions

#6WOLVERINE ASSET MANAGEMENT LLCPassive

Some overlap · 4 shared positions

$BABA $UBER $MSTR $BA

$11.4B

1,668 positions

#7Mint Tower Capital Management B.V.Active

Some overlap · 5 shared positions

$BABA $UBER $MSTR $ECHO $WBS

$871M

346 positions

#8DAVIDSON KEMPNER CAPITAL MANAGEMENT LPPassive

Some overlap · 5 shared positions

$BABA $UBER $BA $ECHO $EA

$8.4B

241 positions

#9SSI INVESTMENT MANAGEMENT LLCPassive

Some overlap · 4 shared positions

$BA $WDC $UBER $EVRG

$1.7B

248 positions

#10Mirabaud Asset Management (France) SASActive

Some overlap · 3 shared positions

$BABA $UBER $MSTR

$222M

28 positions

#11HIGHBRIDGE CAPITAL MANAGEMENT LLCPassive

Some overlap · 6 shared positions

$BABA $WBD $MSTR $KVUE $EA $ECHO

$4.1B

433 positions

#12AI-Squared Management LtdActive

Some overlap · 3 shared positions

$BABA $PDD $QCOM

$187M

19 positions

#13Bell & Brown Wealth Advisors, LLCPassive

Some overlap · 6 shared positions

$BA $AMGN $BABA $QCOM $ULTA $PYPL

$330M

73 positions

#14SUSQUEHANNA ADVISORS GROUP, INC.Active

Some overlap · 3 shared positions

$BABA $BA $HLT

$5.7B

133 positions

#15Ovata Capital Management LtdActive

Some overlap · 5 shared positions

$BABA $UBER $SOFI $ECHO $WBD

$1.3B

43 positions

#16WINSLOW ASSET MANAGEMENT INCActive

Some overlap · 5 shared positions

$UBER $BA $AMGN $LIN $ULTA

$575M

82 positions

#17ADVENT CAPITAL MANAGEMENT /DE/Passive

Some overlap · 4 shared positions

$WDC $UBER $BA $MSTR

$4.5B

236 positions

#18PARUS FINANCE (UK) LtdActive

Some overlap · 5 shared positions

$BABA $PDD $UBER $VRT $WDC

$383M

37 positions

#19ZAZOVE ASSOCIATES LLCActive

Some overlap · 3 shared positions

$BABA $UBER $EVRG

$1.2B

151 positions

#20Symmetry Investments LPActive

Some overlap · 7 shared positions

$BA $WBD $UBER $ADI $ECHO $ANET

$1.5B

152 positions

#21SIH Partners, LLLPActive

Some overlap · 5 shared positions

$BABA $QCOM $ADI $KLAC $ECHO

$15.9B

320 positions

#22MACKAY SHIELDS LLCActive

Some overlap · 3 shared positions

$WDC $BA $UBER

$3.0B

108 positions

#23Virtus Fixed Income Advisers, LLCActive

Some overlap · 4 shared positions

$BA $WDC $MSTR $EVRG

$158M

85 positions

#24Collar Capital Management, LLCPassive

Some overlap · 5 shared positions

$WDC $BA $MSTR $QCOM $UPS

$170M

73 positions

#25Econ Financial Services CorpPassive

Some overlap · 4 shared positions

$BA $UBER $AMGN $UPS

$214M

72 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.