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 Itau Unibanco Holding S.A.

13F Portfolio OverlapQ2 2026Itau Unibanco Holding S.A. portfolio →

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Most similar hedge funds by 13F overlap

Itau Unibanco Holding S.A. is an institutional investor managing $5.3B across 400 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 Itau Unibanco Holding S.A. are Gemsstock Ltd., VPR, Moneda S.A. Administradora General de Fondos, with shared positions in $PBR, $NU, $ITUB, $VIST, $MELI, $BMA. The full ranking of 25 similar funds is below.

#1Gemsstock Ltd.Active

Notable overlap · 6 shared positions

$PBR $NU $ITUB $VIST $MELI $BMA

$337M

14 positions

#2VPR Management LLCActive

Notable overlap · 9 shared positions

$NU $ITUB $PBR $VALE $MELI $SOBO

$249M

66 positions

#3Moneda S.A. Administradora General de FondosActive

Notable overlap · 6 shared positions

$VALE $PBR $VIST $BVN $MELI $CIB

$122M

31 positions

#4RWC ASSET ADVISORS (US) LLC

Notable overlap · 3 shared positions

$VALE $PBR $EMBJ

$450M

16 positions

#5Carrhae Capital LLPSmart money

Notable overlap · 5 shared positions

$PBR $ITUB $EMBJ $ASML $SOBO

$3.6B

29 positions

#6TT International Asset Management LTDActive

Notable overlap · 10 shared positions

$ITUB $BAP $PBR $BCH $BSAC $BBAR

$783M

49 positions

#7INCA Investments LLCActive

Notable overlap · 6 shared positions

$NU $BAP $ITUB $AMX $MELI $BSAC

$353M

10 positions

#8MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLCActive

Notable overlap · 8 shared positions

$ITUB $NU $BAP $PBR $FMX $BVN

$292M

32 positions

#9Westwood Global Investments, LLCSmart money

Notable overlap · 7 shared positions

$ITUB $BAP $BVN $AMX $MELI $BBAR

$2.8B

11 positions

#10Breakout Capital Partners, LPActive

Notable overlap · 4 shared positions

$PBR $ITUB $VIST $MELI

$164M

8 positions

#11ABS Direct Equity Fund LLCPassive

Notable overlap · 8 shared positions

$FMX $CX $VIST $BVN $MELI $OMAB

$159M

111 positions

#12ABS Investment Management LLCPassive

Notable overlap · 8 shared positions

$FMX $CX $VIST $BVN $MELI $OMAB

$159M

111 positions

#13ARGA Investment Management, LPActive

Notable overlap · 5 shared positions

$PBR $SOBO $ITUB $NOK $XP

$3.9B

121 positions

#14HARDING LOEVNER LPActive

Notable overlap · 5 shared positions

$FMX $BAP $ASML $MELI $ITUB

$10.6B

82 positions

#15Aquamarine Financial (Cayman) LtdSmart money

Notable overlap · 5 shared positions

$NU $SOBO $GGB $BBAR $BMA

$1.8B

17 positions

#16SPX Gestao de Recursos LtdaActive

Notable overlap · 8 shared positions

$SOBO $EMBJ $BAP $VALE $CIB $BSAC

$898M

79 positions

#17ABBINGTON INVESTMENT GROUPActive

Notable overlap · 3 shared positions

$PBR $VALE $GGB

$157M

52 positions

#18Northcape Capital Pty LtdSmart money

Notable overlap · 3 shared positions

$ITUB $FMX $MELI

$742M

8 positions

#19Fundamenta Capital S.A.Active

Notable overlap · 5 shared positions

$BAP $EMBJ $VIST $BCH $BSAC

$172M

14 positions

#20DISCOVERY CAPITAL MANAGEMENT, LLC / CTActive

Notable overlap · 5 shared positions

$BAP $NU $CX $AMX $BBAR

$2.4B

113 positions

#21LARCH CAPITAL PARTNERS LLCSmart money

Notable overlap · 5 shared positions

$NU $VALE $SOBO $PBR $GGB

$700M

58 positions

#22Seafarer Capital Partners, LLCActive

Notable overlap · 3 shared positions

$ITUB $BAP $XP

$434M

9 positions

#23Coronation Fund Managers Ltd.Active

Notable overlap · 4 shared positions

$NU $EMBJ $BAP $MELI

$2.6B

48 positions

#24Oaktree Fund Advisors, LLCActive

Notable overlap · 4 shared positions

$ITUB $EMBJ $TX $XP

$58M

14 positions

#25Lesa Sroufe & CoPassive

Some overlap · 3 shared positions

$PBR $CX $CIB

$140M

67 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.