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 Kepos

13F Portfolio OverlapQ2 2026Kepos portfolio →

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Most similar hedge funds by 13F overlap

Kepos Capital LP is an institutional investor managing $73M across 184 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 Kepos are L1 Global Manager Pty Ltd, Wealthspring, MMCAP International SPC, with shared positions in $CGCF, $BHAV, $EVAC, $ALDF, $NTWO, $LPBB. The full ranking of 25 similar funds is below.

#1L1 Global Manager Pty LtdPassive

Substantial overlap · 15 shared positions

$CGCF $BHAV $EVAC $ALDF $NTWO $LPBB

$142M

121 positions

#2Wealthspring Capital LLCPassive

Substantial overlap · 13 shared positions

$CGCF $WLCO $FACT $ALDF $NTWO $MZYX

$448M

208 positions

#3MMCAP International Inc. SPCPassive

Notable overlap · 6 shared positions

$DMII $CGCF $MZYX $WLCO $CUB $CEPV

$1.2B

303 positions

#4GRITSTONE ASSET MANAGEMENT LLCPassive

Notable overlap · 8 shared positions

$EVAC $IACQ $CGCF $ALDF $LPBB $APMC

$104M

174 positions

#5HGC Investment Management Inc.Passive

Notable overlap · 6 shared positions

$WLCO $CGCF $MZYX $APXT $IDAC $CEPV

$507M

184 positions

#6Lineage Point Capital LPPassive

Notable overlap · 7 shared positions

$EVOX $DMII $LAFA $APXT $RNGT $TDWD

$487M

371 positions

#7Harraden Circle Investments, LLCPassive

Some overlap · 6 shared positions

$BLUW $ALDF $CUB $APXT $GSRV $CEPV

$784M

236 positions

#8HEIGHTS CAPITAL MANAGEMENT, INCPassive

Some overlap · 6 shared positions

$PONO $DMII $BHAV $IDAC $PTAC $PLMK

$433M

323 positions

#9RLH Capital LLCPassive

Some overlap · 7 shared positions

$EVAC $CUB $KFII $APXT $BREZ $CEPV

$209M

130 positions

#10Decagon Asset Management LLPActive

Some overlap · 9 shared positions

$BHAV $PONO $CUB $QRED $APMC $AXIN

$525M

104 positions

#11Crossingbridge Advisors, LLCPassive

Some overlap · 4 shared positions

$DMII $POLE $APXT $AXIN

$567M

152 positions

#12Westchester Capital Management, LLCPassive

Some overlap · 8 shared positions

$KFII $GIW $ALDF $POLE $APXT $DMII

$2.0B

310 positions

#13BERKLEY W R CORPPassive

Some overlap · 6 shared positions

$EVAC $GIW $FACT $KFII $CCAQ $LPBB

$2.1B

342 positions

#14First Trust Capital Management L.P.Active

Some overlap · 8 shared positions

$CCAQ $DMII $CUB $APXT $EVAC $POLE

$1.7B

161 positions

#15METEORA CAPITAL, LLCPassive

Some overlap · 4 shared positions

$PLMK $CEPV $CGCF $IACQ

$1.2B

443 positions

#16Radcliffe Capital Management, L.P.Passive

Some overlap · 5 shared positions

$EVAC $EVOX $KFII $APXT $GIW

$1.3B

450 positions

#17HIGHBRIDGE CAPITAL MANAGEMENT LLCPassive

Some overlap · 5 shared positions

$DMII $AXIN $APXT $FACT $OHAC

$4.1B

433 positions

#18PERISCOPE CAPITAL INC.Passive

Some overlap · 7 shared positions

$KFII $LWAC $EVAC $APXT $GIW $EVOX

$1.1B

481 positions

#19GLAZER CAPITAL, LLC

Some overlap · 6 shared positions

$DMII $GIW $EVAC $AXIN $CCAQ $APXT

$4.1B

562 positions

#20Logan Stone Capital, LLCActive

Some overlap · 4 shared positions

$CCAQ $DMII $LWAC $TDWD

$473M

155 positions

#21Karpus Management, Inc.Passive

Slight overlap · 3 shared positions

$DMII $KFII $APXT

$3.5B

233 positions

#22Shaolin Capital Management LLCPassive

Slight overlap · 5 shared positions

$GSRV $CGCF $KFII $OHAC $PTAC

$2.1B

554 positions

#23Mint Tower Capital Management B.V.

Slight overlap · 3 shared positions

$LPBB $LAFA $GIW

$871M

346 positions

#24MANGROVE PARTNERS IM, LLCPassive

Slight overlap · 5 shared positions

$BREZ $LWAC $AXIN $KFII $CCAQ

$1.5B

426 positions

#25SONA ASSET MANAGEMENT (US) LLCActive

Slight overlap · 3 shared positions

$IACQ $ACAA $OHAC

$4.8B

424 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.