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 Penn Company

13F Portfolio OverlapQ2 2026Penn Company portfolio →

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Most similar hedge funds by 13F overlap

Penn Capital Management Company, LLC is an institutional investor managing $1.6B across 185 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 Penn Company are ESSEX INVESTMENT, EMERALD ADVISERS, EMERALD MUTUAL FUND ADVISERS, with shared positions in $OUST, $LGND, $MIRM, $KNSA, $CECO, $WERN. The full ranking of 25 similar funds is below.

#1ESSEX INVESTMENT MANAGEMENT CO LLCPassive

Notable overlap · 6 shared positions

$OUST $LGND $MIRM $KNSA $CECO $WERN

$763M

306 positions

#2EMERALD ADVISERS, LLCPassive

Notable overlap · 8 shared positions

$CECO $LGN $MIRM $SEI $RSI $AGYS

$4.2B

237 positions

#3EMERALD MUTUAL FUND ADVISERS TRUSTPassive

Notable overlap · 8 shared positions

$CECO $LGN $MIRM $SEI $RSI $AGYS

$2.8B

197 positions

#4Lisanti Capital Growth, LLCPassive

Some overlap · 6 shared positions

$MIRM $CECO $ZETA $LGND $KNSA $SEI

$455M

109 positions

#5BEACONLIGHT CAPITAL, LLCActive

Some overlap · 5 shared positions

$COMP $CSTM $WERN $GPOR $RIG

$283M

33 positions

#6Summit Creek Advisors LLCPassive

Some overlap · 4 shared positions

$LGN $AGYS $ABCB $ZETA

$294M

64 positions

#7Resolute Capital Asset Partners LLCPassive

Some overlap · 4 shared positions

$MIRM $AGYS $CECO $LTH

$234M

48 positions

#8NEXT CENTURY GROWTH INVESTORS LLCPassive

Some overlap · 3 shared positions

$MIRM $LGND $AGYS

$1.9B

113 positions

#9Soviero Asset Management, LPPassive

Some overlap · 4 shared positions

$WOLF $COMP $HRI $LUMN

$238M

64 positions

#10Channing Capital Management, LLCActive

Some overlap · 4 shared positions

$GTES $ABCB $HRI $HWC

$4.3B

106 positions

#11Meros Investment Management, LPPassive

Some overlap · 4 shared positions

$WTTR $CECO $WERN $SEI

$315M

50 positions

#12Granahan Investment Management, LLCPassive

Some overlap · 4 shared positions

$LGND $LTH $ZETA $GTES

$2.8B

150 positions

#13Steamboat Capital Partners, LLCPassive

Some overlap · 3 shared positions

$ACMR $COMP $GPOR

$468M

59 positions

#14Phocas Financial Corp.Passive

Some overlap · 4 shared positions

$ABCB $AMRX $RHP $HRI

$721M

153 positions

#15Divisadero Street Capital Management, LPActive

Some overlap · 3 shared positions

$COMP $CECO $RSI

$4.4B

142 positions

#16Webs Creek Capital Management LPActive

Some overlap · 3 shared positions

$WTTR $WFRD $PTEN

$528M

13 positions

#17SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLCPassive

Some overlap · 3 shared positions

$COMP $SEI $RSI

$5.7B

155 positions

#18Encompass Capital Advisors LLCActive

Some overlap · 3 shared positions

$CSTM $PTEN $SEI

$2.8B

54 positions

#19Manatuck Hill Partners, LLCPassive

Some overlap · 3 shared positions

$LTH $ZETA $PRSU

$302M

129 positions

#20OBERWEIS ASSET MANAGEMENT INC/Active

Some overlap · 4 shared positions

$LTH $RSI $SEI $CAMT

$4.8B

176 positions

#21Rubric Capital Management LPActive

Some overlap · 3 shared positions

$KNSA $AMRX $COMP

$10.9B

87 positions

#22BWCP, LPActive

Some overlap · 3 shared positions

$ZETA $FWRG $SEI

$700M

24 positions

#23Corigliano Investment Advisers, LLC

Some overlap · 4 shared positions

$PTEN $GPOR $RIG $SEI

$256M

37 positions

#24Merewether Investment Management, LPActive

Some overlap · 3 shared positions

$LGN $WTTR $WFRD

$5.3B

81 positions

#25Pembroke Management, LTDPassive

Some overlap · 3 shared positions

$LGND $OUST $LTH

$637M

78 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.