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 FARMERS & MERCHANTS INVESTMENTS

13F Portfolio OverlapQ2 2026FARMERS & MERCHANTS INVESTMENTS portfolio →

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Most similar hedge funds by 13F overlap

FARMERS & MERCHANTS INVESTMENTS INC is an institutional investor managing $4.1B across 1,760 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 FARMERS & MERCHANTS INVESTMENTS are GUYASUTA INVESTMENT ADVISORS, ROFFMAN MILLER ASSOCIATES, Hixon Zuercher, with shared positions in $WCC, $TXN, $LOW, $ASML, $PEP, $MCD. The full ranking of 25 similar funds is below.

#1GUYASUTA INVESTMENT ADVISORS INCActive

Some overlap · 7 shared positions

$WCC $TXN $LOW $ASML $PEP $MCD

$1.9B

276 positions

#2ROFFMAN MILLER ASSOCIATES INC /PA/Active

Some overlap · 6 shared positions

$APH $TXN $ASML $PEP $APD $MCD

$1.9B

88 positions

#3Hixon Zuercher, LLCPassive

Some overlap · 6 shared positions

$DELL $APH $LOW $PEP $UNP $APD

$341M

88 positions

#4KANAWHA CAPITAL MANAGEMENT LLCActive

Some overlap · 6 shared positions

$APH $LOW $PEP $EMR $APD $MCD

$1.5B

228 positions

#5CAMPBELL NEWMAN ASSET MANAGEMENT INCActive

Some overlap · 5 shared positions

$APH $TXN $LOW $EMR $PEP

$1.3B

99 positions

#6Walsky Investment Management, Inc.Passive

Some overlap · 7 shared positions

$TXN $LOW $EMR $PEP $UNP $APD

$108M

52 positions

#7MCDANIEL TERRY & COActive

Some overlap · 6 shared positions

$APH $TXN $EMR $APD $DOV $PEP

$1.3B

81 positions

#8NovaPoint Capital, LLCPassive

Some overlap · 5 shared positions

$APH $TXN $PEP $UNP $APD

$481M

161 positions

#9BRADY FAMILY WEALTH, LLCPassive

Some overlap · 6 shared positions

$APH $TXN $LOW $PEP $APD $MCD

$346M

113 positions

#10MOTCOPassive

Some overlap · 4 shared positions

$APH $DELL $LOW $UNP

$1.2B

840 positions

#11McKinley Carter Wealth Services, Inc.Active

Some overlap · 5 shared positions

$APH $DELL $TXN $PEP $DOV

$1.9B

322 positions

#12Guardian Wealth Management, Inc.Passive

Some overlap · 3 shared positions

$NNI $ASML $PEP

$204M

66 positions

#13Asio Capital, LLCActive

Some overlap · 4 shared positions

$APH $DELL $LOW $ASML

$781M

109 positions

#14CYPRESS ASSET MANAGEMENT INC/TXActive

Some overlap · 7 shared positions

$EMR $PEP $ASML $UNP $TXN $LOW

$514M

107 positions

#15Richard C. Young & CO., LTD.Passive

Some overlap · 4 shared positions

$APH $DELL $TXN $EMR

$1.4B

101 positions

#16Smith, Salley & AssociatesPassive

Some overlap · 5 shared positions

$APH $LOW $ASML $PEP $UNP

$2.3B

275 positions

#17Regency Capital Management Inc.\DEPassive

Some overlap · 3 shared positions

$APH $WCC $ASML

$251M

64 positions

#18Exeter Financial, LLCPassive

Some overlap · 6 shared positions

$TXN $CVS $EMR $PEP $APD $MCD

$261M

101 positions

#19Elk River Wealth Management, LLCActive

Some overlap · 4 shared positions

$APH $TXN $LOW $UNP

$628M

103 positions

#20Segment Wealth Management, LLCActive

Some overlap · 5 shared positions

$APH $TXN $ASML $UNP $MCD

$1.9B

312 positions

#21Haverford Trust CoActive

Some overlap · 6 shared positions

$TXN $LOW $ASML $PEP $APD $MCD

$11.6B

424 positions

#22REUTER JAMES WEALTH MANAGEMENT, LLCPassive

Some overlap · 5 shared positions

$APH $ASML $UNP $PEP $DOV

$760M

229 positions

#23Andrews Advisory Associates, LLCActive

Some overlap · 6 shared positions

$TXN $LOW $PEP $APD $DOV $MCD

$208M

86 positions

#24Tudor Financial Inc.Passive

Some overlap · 5 shared positions

$APH $LOW $PEP $APD $DOV

$222M

152 positions

#25BERKSHIRE ASSET MANAGEMENT LLC/PAActive

Some overlap · 5 shared positions

$DELL $LOW $EMR $PEP $MCD

$2.5B

270 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.