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 PIPER SANDLER

13F Portfolio OverlapQ2 2026PIPER SANDLER portfolio →

Institutional-grade research for retail investors

Most similar hedge funds by 13F overlap

PIPER SANDLER & CO. is an institutional investor managing $135M across 19 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 PIPER SANDLER are Elequin Securities, CORBYN INVESTMENT, DeepCurrents Investment Group, with shared positions in $LITE, $AEIS, $APO, $MGPI, $BXMT, $ZD. The full ranking of 20 similar funds is below.

#1Elequin Securities, LLCActive

Substantial overlap · 3 shared positions

$LITE $AEIS $APO

$3.4B

693 positions

#2CORBYN INVESTMENT MANAGEMENT INC/MDPassive

Notable overlap · 4 shared positions

$MGPI $BXMT $ZD $PEB

$346M

66 positions

#3DeepCurrents Investment Group LLCPassive

Some overlap · 4 shared positions

$TDOC $UPWK $SE $FOUR

$3.3B

143 positions

#4TENOR CAPITAL MANAGEMENT Co., L.P.Passive

Some overlap · 5 shared positions

$TDOC $UPWK $ZD $STWD $PEB

$7.1B

549 positions

#5Context Capital Management, LLCPassive

Some overlap · 4 shared positions

$TDOC $UPST $FOUR $GPRE

$5.1B

427 positions

#6GOODNOW INVESTMENT GROUP, LLCActive

Some overlap · 3 shared positions

$FOUR $APO $W

$964M

23 positions

#7RICE HALL JAMES & ASSOCIATES, LLCPassive

Some overlap · 3 shared positions

$FOUR $ZD $UPWK

$2.1B

240 positions

#8CAMDEN ASSET MANAGEMENT L P /CAActive

Some overlap · 3 shared positions

$TDOC $UPWK $ZD

$3.4B

73 positions

#9NFC Investments, LLCActive

Some overlap · 3 shared positions

$STWD $RWT $APO

$389M

43 positions

#10OAKTREE CAPITAL MANAGEMENT LPActive

Some overlap · 4 shared positions

$SE $TDOC $FOUR $PEB

$7.2B

145 positions

#11Ovata Capital Management LtdActive

Some overlap · 5 shared positions

$STWD $FOUR $UPWK $PEB $W

$1.3B

43 positions

#12MACKAY SHIELDS LLCActive

Some overlap · 3 shared positions

$LITE $APO $AFRM

$3.0B

108 positions

#13Carmel Capital Partners, LLCPassive

Slight overlap · 3 shared positions

$STWD $BXMT $APO

$303M

148 positions

#14ARISTEIA CAPITAL, L.L.C.Active

Slight overlap · 3 shared positions

$TDOC $UPWK $AFRM

$7.7B

788 positions

#15MANE GLOBAL CAPITAL MANAGEMENT LPActive

Slight overlap · 3 shared positions

$SE $AFRM $W

$1.2B

54 positions

#16OSTERWEIS CAPITAL MANAGEMENT INCPassive

Slight overlap · 3 shared positions

$ZD $PEB $AFRM

$2.1B

231 positions

#17ADVENT CAPITAL MANAGEMENT /DE/Passive

Slight overlap · 4 shared positions

$UPST $FOUR $APO $AFRM

$4.5B

236 positions

#18FINANCIAL CONSULATE, INCActive

Slight overlap · 3 shared positions

$BXMT $MGPI $PEB

$899M

1,449 positions

#19D1 Capital Partners L.P.Smart money

Slight overlap · 3 shared positions

$SE $APO $AFRM

$34.8B

55 positions

#20Portman Square Capital LLPActive

Slight overlap · 5 shared positions

$STWD $UPST $AEIS $APO $W

$2.1B

94 positions

Compare PIPER SANDLER’s portfolio side by side

See the exact shared positions, conviction overlap, sector alignment, and where these funds diverge — and run the same analysis on any of 8,700+ institutions.

View PIPER SANDLER’s holdings

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.