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 CIBRA Ltd

13F Portfolio OverlapQ1 2026CIBRA Ltd portfolio →

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Most similar hedge funds by 13F overlap

CIBRA Capital Ltd is an institutional investor managing $207M across 25 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 CIBRA Ltd are Absolute Gestao de Investimentos Ltda., Sand Grove LLP, Melqart Asset (UK) Ltd, with shared positions in $HOLX, $AAUC, $CWAN, $UNF, $TERN, $EA. The full ranking of 25 similar funds is below.

#1Absolute Gestao de Investimentos Ltda.Active

Substantial overlap · 8 shared positions

$HOLX $AAUC $CWAN $UNF $TERN $EA

$994M

41 positions

#2Sand Grove Capital Management LLPActive

Substantial overlap · 6 shared positions

$TXNM $AAUC $WBD $UNF $EA $AES

$383M

14 positions

#3Melqart Asset Management (UK) LtdActive

Substantial overlap · 6 shared positions

$TXNM $PEN $WBD $UNF $EA $AES

$1.1B

40 positions

#4WATER ISLAND CAPITAL LLCActive

Notable overlap · 7 shared positions

$TXNM $PEN $WBD $DBRG $EA $AES

$1.1B

85 positions

#5ALPINE ASSOCIATES MANAGEMENT INC.Active

Notable overlap · 8 shared positions

$PEN $UNF $WBD $VAL $TXNM $EA

$1.6B

66 positions

#6Birnam Oak Advisors, LPActive

Notable overlap · 6 shared positions

$PEN $WBD $UNF $TXNM $EA $AES

$616M

40 positions

#7TIG Advisors, LLCActive

Notable overlap · 6 shared positions

$PEN $WBD $UNF $DBRG $EA $AES

$2.3B

109 positions

#8Kintayl Capital LPPassive

Notable overlap · 8 shared positions

$AAUC $DBRG $VAL $TXNM $EA $PEN

$252M

61 positions

#9GABELLI & Co INVESTMENT ADVISERS, INC.Passive

Notable overlap · 7 shared positions

$WBD $TXNM $PEN $DBRG $EA $AES

$688M

316 positions

#10Westchester Capital Management, LLCPassive

Notable overlap · 6 shared positions

$WBD $UNF $DBRG $PEN $EA $AES

$2.0B

310 positions

#11HBK INVESTMENTS L PActive

Notable overlap · 6 shared positions

$PEN $WBD $EA $VAL $AES $TXNM

$10.2B

276 positions

#12PSquared Asset Management AGActive

Notable overlap · 5 shared positions

$TXNM $WBD $UNF $EA $EGO

$306M

18 positions

#13Governors Lane LPPassive

Notable overlap · 4 shared positions

$TXNM $WBD $EA $AES

$1.2B

203 positions

#14AQR Arbitrage LLCPassive

Notable overlap · 8 shared positions

$PEN $WBD $TXNM $EA $AES $VAL

$7.0B

634 positions

#15Kryger Capital LLCActive

Notable overlap · 5 shared positions

$WBD $DBRG $PEN $EA $AES

$1.8B

109 positions

#16SYQUANT CAPITAL SASActive

Notable overlap · 4 shared positions

$WBD $DBRG $AAUC $EA

$447M

38 positions

#17HARVEST MANAGEMENT LLCActive

Notable overlap · 4 shared positions

$PEN $WBD $EA $UNF

$254M

64 positions

#18Pentwater Capital Management LPActive

Notable overlap · 5 shared positions

$WBD $TXNM $EA $DBRG $AES

$16.4B

90 positions

#19P SCHOENFELD ASSET MANAGEMENT LPActive

Notable overlap · 4 shared positions

$WBD $PEN $EA $DBRG

$244M

34 positions

#20Slotnik Capital, LLCActive

Notable overlap · 3 shared positions

$PEN $WBD $AVO

$387M

28 positions

#21Athos Capital LtdActive

Notable overlap · 3 shared positions

$WBD $TXNM $PEN

$282M

38 positions

#22NEXPOINT ASSET MANAGEMENT, L.P.Active

Notable overlap · 3 shared positions

$WBD $TXNM $EA

$1.5B

70 positions

#23CANYON CAPITAL ADVISORS LLCActive

Some overlap · 3 shared positions

$WBD $UNF $EA

$882M

22 positions

#24CREDIT INDUSTRIEL ET COMMERCIALPassive

Some overlap · 4 shared positions

$PEN $WBD $TXNM $AAUC

$1.6B

338 positions

#25NINE MASTS CAPITAL LtdActive

Some overlap · 7 shared positions

$WBD $EA $TXNM $PEN $UNF $DBRG

$995M

170 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.