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 Saba

13F Portfolio OverlapQ2 2026Saba portfolio →

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Most similar hedge funds by 13F overlap

Saba Capital Management, L.P. is an institutional investor managing $3.9B across 400 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 Saba are Almitas, BLUE BELL PRIVATE WEALTH, Bulldog Investors, LLP, with shared positions in $ASA, $PDX, $MEGI, $DSM, $MXF, $JOF. The full ranking of 25 similar funds is below.

#1Almitas Capital LLCActive

Notable overlap · 11 shared positions

$ASA $PDX $MEGI $DSM $MXF $JOF

$417M

130 positions

#2BLUE BELL PRIVATE WEALTH MANAGEMENT, LLCActive

Notable overlap · 15 shared positions

$GAM $RMT $ASA $BSTZ $GDV $NFJ

$802M

716 positions

#3Bulldog Investors, LLPPassive

Notable overlap · 9 shared positions

$GAM $GDV $BPRE $GF $LEO $DSM

$455M

225 positions

#4Thomas J. Herzfeld Advisors, Inc.Active

Notable overlap · 9 shared positions

$PDX $BSTZ $HFRO $BPRE $ASA $BTX

$326M

129 positions

#5RIVERNORTH CAPITAL MANAGEMENT, LLCPassive

Notable overlap · 10 shared positions

$BSTZ $PDX $BTX $USA $LEO $BMEZ

$2.1B

585 positions

#6ACCREDITED INVESTOR SERVICES, LLCSmart money

Notable overlap · 4 shared positions

$NFJ $MEGI $BTX $USA

$177M

81 positions

#7Shaker Financial Services, LLCPassive

Some overlap · 7 shared positions

$GAM $GDV $RMT $RVT $USA $TWN

$319M

148 positions

#8Atlas Wealth LLCPassive

Some overlap · 6 shared positions

$GAM $MEGI $HFRO $BTX $BMEZ $TWN

$701M

178 positions

#9Quantedge Capital Pte LtdActive

Some overlap · 10 shared positions

$ASA $BTX $RVT $USA $TWN $BMEZ

$132M

49 positions

#10Closed-End Fund Advisors, Inc.Passive

Some overlap · 5 shared positions

$BPRE $MEGI $HFRO $NML $SABA

$102M

163 positions

#11Uncommon Cents Investing LLCPassive

Some overlap · 3 shared positions

$ASA $GF $TY

$461M

215 positions

#12CITY OF LONDON INVESTMENT MANAGEMENT CO LTDActive

Some overlap · 11 shared positions

$MXF $JOF $TWN $NML $BMEZ $IIF

$1.7B

80 positions

#13Matisse CapitalPassive

Some overlap · 5 shared positions

$BPRE $HFRO $MXF $TWN $GLO

$250M

158 positions

#14INTREPID FAMILY OFFICE LLCActive

Some overlap · 3 shared positions

$BSTZ $PEO $RVT

$135M

36 positions

#15Noble Wealth Management PBCPassive

Some overlap · 4 shared positions

$ASA $BSTZ $BPRE $PDX

$223M

778 positions

#161607 Capital Partners, LLCActive

Some overlap · 6 shared positions

$GF $GAM $JOF $USA $TWN $BMEZ

$1.1B

141 positions

#17Z3 Capital Partners, LLCPassive

Some overlap · 4 shared positions

$BSTZ $BTX $RVT $BMEZ

$476M

192 positions

#18North Ground CapitalActive

Some overlap · 6 shared positions

$MXF $NFJ $GLO $ECAT $HFRO $JOF

$83M

33 positions

#19PMG Family Office LLCPassive

Some overlap · 3 shared positions

$BSTZ $RVT $USA

$109M

114 positions

#20INTEGRATED CAPITAL MANAGEMENT, INC.Active

Some overlap · 3 shared positions

$HFRO $LEO $DSM

$143M

57 positions

#21Karpus Management, Inc.Passive

Some overlap · 3 shared positions

$GDV $BSTZ $USA

$3.5B

233 positions

#22FCA CORP /TXPassive

Some overlap · 3 shared positions

$RMT $PEO $MEGI

$406M

203 positions

#23Beckerman Institutional, LLCPassive

Some overlap · 3 shared positions

$NFJ $ECAT $TY

$210M

124 positions

#24AEGON USA Investment Management, LLCSmart money

Slight overlap · 3 shared positions

$HFRO $APO $ARES

$140M

42 positions

#25Samalin Investment Counsel, LLCPassive

Slight overlap · 4 shared positions

$GAM $RVT $APO $NML

$320M

336 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.