What hedge funds are most similar to NEXTBio Capital Management LP?

The funds with the most similar 13F portfolios to NEXTBio Capital Management LP are First Turn, RA, SILVERARC, based on overlapping conviction holdings in the latest SEC filings.

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 NEXTBio

13F Portfolio OverlapQ2 2026NEXTBio portfolio →

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Most similar hedge funds by 13F overlap

NEXTBio Capital Management LP is an institutional investor managing $217M across 22 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 NEXTBio are First Turn, RA, SILVERARC, with shared positions in $XENE, $PCVX, $PVLA, $ORIC, $COGT, $RYTM. The full ranking of 25 similar funds is below.

#1First Turn Management, LLCActive

Notable overlap · 6 shared positions

$XENE $PCVX $PVLA $ORIC $COGT $RYTM

$935M

31 positions

#2RA CAPITAL MANAGEMENT, L.P.Smart money

Notable overlap · 6 shared positions

$RYTM $PCVX $IRON $ZLAB $LBRX $EVMN

$11.5B

84 positions

#3SILVERARC CAPITAL MANAGEMENT, LLCActive

Notable overlap · 7 shared positions

$RYTM $COGT $ORIC $ZBIO $XENE $PCVX

$962M

73 positions

#4JOHNSON & JOHNSONSmart money

Notable overlap · 3 shared positions

$PTGX $VOR $ACET

$799M

15 positions

#5Deep Track Capital, LPActive

Notable overlap · 5 shared positions

$GPCR $PCVX $CMPS $COGT $LBRX

$6.9B

67 positions

#6BVF INC/ILActive

Notable overlap · 4 shared positions

$GPCR $PVLA $IRON $CBIO

$3.9B

44 positions

#7TCG Crossover Management, LLCActive

Notable overlap · 6 shared positions

$VOR $COGT $IRON $ZLAB $LBRX $PHVS

$4.2B

54 positions

#8DAFNA Capital Management LLCActive

Notable overlap · 3 shared positions

$CMPS $XENE $GPCR

$524M

88 positions

#9Rock Springs Capital Management LPActive

Notable overlap · 5 shared positions

$RYTM $XENE $GPCR $PHVS $COGT

$2.0B

104 positions

#10Squadron Capital Management LLCActive

Notable overlap · 5 shared positions

$IVA $CMPS $COGT $BIOA $IRON

$322M

43 positions

#11Rosalind Advisors, Inc.Active

Notable overlap · 3 shared positions

$VOR $PCVX $VSTM

$379M

35 positions

#12Caligan Partners LPSmart money

Notable overlap · 5 shared positions

$PCVX $XENE $VOR $IVA $LBRX

$2.1B

28 positions

#13ADAR1 Capital Management, LLCActive

Notable overlap · 5 shared positions

$PTGX $ZLAB $RYTM $IVA $VOR

$2.2B

277 positions

#14Fairmount Funds Management LLCSmart money

Notable overlap · 3 shared positions

$ZBIO $CBIO $COGT

$1.5B

12 positions

#15Octagon Capital Advisors LPActive

Notable overlap · 5 shared positions

$XENE $COGT $IRON $PHVS $BIOA

$1.1B

27 positions

#16Logos Global Management LPActive

Notable overlap · 7 shared positions

$IRON $COGT $CBIO $CMPS $XENE $GPCR

$2.3B

68 positions

#17SUPERSTRING CAPITAL MANAGEMENT LPActive

Notable overlap · 4 shared positions

$ORIC $PCVX $COGT $ZLAB

$158M

32 positions

#18RTW INVESTMENTS, LPActive

Notable overlap · 5 shared positions

$PTGX $CMPS $ZLAB $COGT $GPCR

$11.7B

84 positions

#19Pivotal bioVenture Partners Investment Advisor LLCActive

Notable overlap · 4 shared positions

$ZBIO $PCVX $BIOA $EVMN

$308M

13 positions

#20HighVista Strategies LLCPassive

Notable overlap · 6 shared positions

$PCVX $COGT $GPCR $PHVS $CMPS $LBRX

$439M

147 positions

#21Siren, L.L.C.Active

Notable overlap · 6 shared positions

$RYTM $XENE $COGT $IRON $GPCR $PVLA

$4.9B

117 positions

#22Jones Hill Capital LPActive

Notable overlap · 4 shared positions

$XENE $ORIC $PHVS $GPCR

$470M

29 positions

#23GREAT POINT PARTNERS LLCActive

Notable overlap · 3 shared positions

$VOR $LBRX $EVMN

$529M

42 positions

#24NEA Management Company, LLCSmart money

Notable overlap · 3 shared positions

$ZBIO $ORIC $IVA

$1.6B

26 positions

#25First Light Asset Management, LLCActive

Notable overlap · 3 shared positions

$PVLA $PCVX $RYTM

$1.6B

31 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.