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 PZENA INVESTMENT

13F Portfolio OverlapQ2 2026PZENA INVESTMENT portfolio →

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Most similar hedge funds by 13F overlap

PZENA INVESTMENT MANAGEMENT LLC is an institutional investor managing $34.1B across 161 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 PZENA INVESTMENT are CONTINENTAL ADVISORS, HOTCHKIS & WILEY, CANTOR FITZGERALD INVESTMENT ADVISORS, with shared positions in $BAX, $COF, $BMY, $C, $WFC, $EQH. The full ranking of 25 similar funds is below.

#1CONTINENTAL ADVISORS LLCActive

Notable overlap · 6 shared positions

$BAX $COF $BMY $C $WFC $EQH

$237M

50 positions

#2HOTCHKIS & WILEY CAPITAL MANAGEMENT LLCActive

Notable overlap · 9 shared positions

$PPG $C $WFC $MGA $CDW $HUM

$34.3B

462 positions

#3CANTOR FITZGERALD INVESTMENT ADVISORS L.P.Active

Notable overlap · 7 shared positions

$CVS $WFC $PPG $BMY $MET $ACN

$1.5B

184 positions

#4DAVIS SELECTED ADVISERSActive

Notable overlap · 4 shared positions

$CVS $TSN $COF $WFC

$23.3B

112 positions

#5EQUITY INVESTMENT CORPActive

Notable overlap · 6 shared positions

$BAX $PPG $WFC $DG $MDT $GL

$5.2B

76 positions

#6Kiltearn Partners LLPActive

Notable overlap · 6 shared positions

$CVS $DG $LKQ $NOV $PVH $MDT

$412M

29 positions

#7RNC CAPITAL MANAGEMENT LLCActive

Notable overlap · 6 shared positions

$CVS $COF $ACN $BMY $LKQ $MDT

$2.4B

181 positions

#8GREENHAVEN ASSOCIATES INCActive

Notable overlap · 5 shared positions

$BAX $LEA $ACN $NOV $AVT

$8.7B

28 positions

#9Patient Capital Management, LLCActive

Notable overlap · 5 shared positions

$CVS $GPN $C $UBS $DAL

$3.1B

40 positions

#10MASTERS CAPITAL MANAGEMENT LLCActive

Notable overlap · 6 shared positions

$C $BMY $ACN $CVS $NOV $DAL

$3.9B

80 positions

#11SEIZERT CAPITAL PARTNERS, LLCPassive

Notable overlap · 6 shared positions

$COF $WFC $SSNC $BMY $LKQ $DOX

$2.4B

181 positions

#12Hillman Capital Management, Inc.Passive

Notable overlap · 4 shared positions

$BAX $CVS $BMY $MDT

$138M

54 positions

#13ACR Alpine Capital Research, LLCActive

Notable overlap · 3 shared positions

$MGA $DG $C

$7.0B

38 positions

#14Maple Rock Capital Partners Inc.Active

Notable overlap · 4 shared positions

$HUM $CVS $LKQ $AAP

$5.1B

51 positions

#15Callodine Capital Management, LPActive

Notable overlap · 4 shared positions

$COF $GPN $WFC $SSNC

$1.5B

63 positions

#16Algebris (UK) LtdActive

Notable overlap · 5 shared positions

$COF $GPN $WFC $VOYA $EQH

$1.5B

73 positions

#17Alexander Randolph Advisory, Inc.Active

Notable overlap · 6 shared positions

$CVS $ACN $PVH $SWKS $MDT $C

$121M

41 positions

#18TOWLE & COPassive

Notable overlap · 4 shared positions

$MGA $LEA $NOV $PVH

$295M

59 positions

#19F&V Capital Management, LLCPassive

Notable overlap · 4 shared positions

$BMY $CVS $LEA $MDT

$542M

63 positions

#20Avantra Family Wealth, Inc.Passive

Notable overlap · 6 shared positions

$C $WFC $CVS $BAX $DG $MDT

$157M

165 positions

#21HARRIS ASSOCIATES L PActive

Notable overlap · 6 shared positions

$COF $C $GPN $WFC $CDW $DAL

$75.4B

162 positions

#22DODGE & COXActive

Notable overlap · 4 shared positions

$CVS $HUM $MET $WFC

$191.0B

222 positions

#23Neumann Capital Management, LLCActive

Notable overlap · 3 shared positions

$CVS $BMY $WFC

$151M

58 positions

#24EDGAR LOMAX CO/VAActive

Notable overlap · 4 shared positions

$CVS $BMY $MET $WFC

$1.3B

58 positions

#25ARGA Investment Management, LPActive

Notable overlap · 3 shared positions

$MGA $HUM $SWKS

$3.9B

121 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.