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 PERCEPTIVE ADVISORS

13F Portfolio OverlapQ2 2026PERCEPTIVE ADVISORS portfolio →

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Most similar hedge funds by 13F overlap

PERCEPTIVE ADVISORS LLC is an institutional investor managing $6.7B across 109 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 PERCEPTIVE ADVISORS are Affinity Asset Advisors, First Turn, Paradigm Biocapital Advisors, with shared positions in $SYRE, $ROIV, $PRAX, $APGE, $ORKA, $RVMD. The full ranking of 25 similar funds is below.

#1Affinity Asset Advisors, LLCActive

Substantial overlap · 13 shared positions

$SYRE $ROIV $PRAX $APGE $ORKA $RVMD

$2.2B

113 positions

#2First Turn Management, LLCActive

Substantial overlap · 10 shared positions

$ROIV $CELC $PRAX $APGE $RYTM $INBX

$935M

31 positions

#3Paradigm Biocapital Advisors LPActive

Substantial overlap · 8 shared positions

$SYRE $NUVL $EWTX $APGE $ORKA $TNGX

$5.3B

28 positions

#4KVP Capital Advisors, LPActive

Notable overlap · 7 shared positions

$PRAX $EWTX $PTGX $TNGX $TVTX $STRO

$136M

35 positions

#5Cormorant Asset Management, LPActive

Notable overlap · 6 shared positions

$PRAX $EWTX $ORKA $TNGX $SYRE $ROIV

$2.0B

50 positions

#6SILVERARC CAPITAL MANAGEMENT, LLCActive

Notable overlap · 8 shared positions

$CELC $RYTM $PRAX $ORKA $AVLN $BIIB

$962M

73 positions

#7ACUTA CAPITAL PARTNERS, LLCActive

Notable overlap · 5 shared positions

$PRAX $AMLX $TNGX $AVLN $STRO

$143M

23 positions

#8Monashee Investment Management LLCPassive

Notable overlap · 5 shared positions

$SYRE $CELC $SLDB $KARD $TNGX

$60M

23 positions

#9BAKER BROS. ADVISORS LPSmart money

Notable overlap · 11 shared positions

$CELC $RYTM $PRAX $RVMD $IMVT $ROIV

$20.0B

84 positions

#10HighVista Strategies LLCPassive

Notable overlap · 12 shared positions

$PRAX $RLAY $TNGX $RVMD $AMLX $SYRE

$439M

147 positions

#11DEERFIELD MANAGEMENT COMPANY, L.P. (SERIES C)Active

Notable overlap · 7 shared positions

$PRAX $NUVL $CELC $BCRX $RVMD $TNGX

$9.6B

82 positions

#12TCG Crossover Management, LLCActive

Notable overlap · 8 shared positions

$SYRE $AMLX $RLAY $TNGX $BCRX $RVMD

$4.2B

54 positions

#13StemPoint Capital LPActive

Notable overlap · 9 shared positions

$PRAX $ROIV $ORKA $CELC $TNGX $RVMD

$581M

84 positions

#14Integral Health Asset Management, LLCActive

Notable overlap · 9 shared positions

$EWTX $ROIV $RYTM $RVMD $TNGX $SYRE

$2.5B

92 positions

#15RA CAPITAL MANAGEMENT, L.P.Active

Notable overlap · 7 shared positions

$RYTM $EWTX $NUVL $ORKA $BCRX $SLDB

$11.5B

84 positions

#16RTW INVESTMENTS, LPActive

Notable overlap · 8 shared positions

$SYRE $CELC $ORKA $PTGX $TNGX $IMTX

$11.7B

84 positions

#17Commodore Capital LPActive

Notable overlap · 6 shared positions

$SYRE $RLAY $AMLX $TNGX $NUVL $ANRO

$1.7B

33 positions

#18Siren, L.L.C.Active

Notable overlap · 8 shared positions

$EWTX $RYTM $SYRE $TNGX $RVMD $SLDB

$4.9B

117 positions

#19ADAR1 Capital Management, LLCActive

Notable overlap · 11 shared positions

$ROIV $PTGX $SYRE $PRAX $IMVT $RVMD

$2.2B

277 positions

#20Boxer Capital Management, LLCSmart money

Notable overlap · 11 shared positions

$CELC $TNGX $RVMD $PTGX $PRAX $AMLX

$1.3B

63 positions

#21VR Adviser, LLCSmart money

Notable overlap · 7 shared positions

$SYRE $APGE $ORKA $DYN $CTMX $ANRO

$3.3B

33 positions

#22Elmind Capital, LPActive

Notable overlap · 8 shared positions

$RLAY $TVTX $NRIX $BCRX $PTGX $CTMX

$398M

35 positions

#23Velan Capital Investment Management LPActive

Notable overlap · 6 shared positions

$PRAX $STRO $AVR $PTGX $CTMX $NRIX

$164M

51 positions

#24B Group, Inc.Active

Notable overlap · 3 shared positions

$PRAX $SYRE $ORKA

$213M

19 positions

#25TANG CAPITAL MANAGEMENT LLCActive

Notable overlap · 3 shared positions

$SYRE $CELC $CORT

$2.2B

41 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.