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Hedge Funds Similar to Shearwater

13F Portfolio OverlapQ2 2026Shearwater portfolio →
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Most similar hedge funds by 13F overlap

Shearwater Capital LLC is an institutional investor managing $209M across 65 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 Shearwater are Karani Asset, Peregrine Asset Advisers, DIAMOND HILL, with shared positions in $STLD, $DE, $CMI, $MAR, $BA, $HUM. The full ranking of 25 similar funds is below.

#1Karani Asset Management LLCPassive
Some overlap · 4 shared positions
$STLD$DE$CMI$MAR
$139M
57 positions
#2Peregrine Asset Advisers, Inc.Passive
Some overlap · 4 shared positions
$STLD$CMI$MAR$BA
$461M
218 positions
#3DIAMOND HILL CAPITAL MANAGEMENT INCActive
Some overlap · 3 shared positions
$HUM$ADBE$DE
$12.5B
186 positions
#4Palisades Hudson Asset Management, L.P.Active
Some overlap · 6 shared positions
$STLD$MCO$MAR$CMI$DE$BA
$286M
108 positions
#5OSTERWEIS CAPITAL MANAGEMENT INCPassive
Some overlap · 3 shared positions
$AFRM$DE$BA
$2.1B
231 positions
#6Applied Finance Capital Management, LLCPassive
Some overlap · 3 shared positions
$ADBE$MAR$CMI
$1.3B
218 positions
#7Westwind CapitalPassive
Some overlap · 3 shared positions
$HUM$MAR$STLD
$422M
77 positions
#8Collar Capital Management, LLCPassive
Some overlap · 3 shared positions
$DOCU$ADBE$BA
$170M
73 positions
#9Atala Financial IncPassive
Some overlap · 3 shared positions
$DE$MAR$ADBE
$165M
121 positions
#10First Citizens Financial CorpPassive
Some overlap · 3 shared positions
$STLD$CMI$DE
$239M
139 positions
#11WINDWARD CAPITAL MANAGEMENT CO /CAActive
Some overlap · 4 shared positions
$MAR$CMI$DE$BA
$1.3B
73 positions
#12CAPE ANN SAVINGS BANKActive
Some overlap · 3 shared positions
$MAR$DE$CMI
$212M
113 positions
#13MFG WEALTH MANAGEMENT, INC.Passive
Some overlap · 3 shared positions
$STLD$CMI$BA
$140M
63 positions
#14Taylor Hoffman Capital Management LLCActive
Some overlap · 3 shared positions
$DE$MCO$ADBE
$412M
122 positions
#15NORTH DALLAS BANK & TRUST COPassive
Some overlap · 3 shared positions
$MAR$CMI$DE
$169M
113 positions
#16GHE, LLCSmart money
Some overlap · 3 shared positions
$MCO$ADBE$MAR
$265M
57 positions
#17BIRMINGHAM CAPITAL MANAGEMENT CO INC/ALActive
Some overlap · 3 shared positions
$DE$CMI$BA
$263M
90 positions
#18DMKC Advisory Services, LLCActive
Some overlap · 3 shared positions
$DE$CMI$BA
$530M
92 positions
#19DB Fitzpatrick & Co, IncActive
Some overlap · 3 shared positions
$DE$CMI$BA
$124M
100 positions
#20WINSLOW ASSET MANAGEMENT INCActive
Some overlap · 3 shared positions
$DE$STE$BA
$575M
82 positions
#21Pacific Sage Partners, LLCActive
Some overlap · 4 shared positions
$DE$ADBE$BA$AFRM
$705M
127 positions
#22BAKER BOYER NATIONAL BANKSmart money
Some overlap · 3 shared positions
$DE$CMI$BA
$364M
94 positions
#23SACKS & ASSOCIATES, LLCPassive
Some overlap · 3 shared positions
$MCO$DE$ADBE
$148M
80 positions
#24Allen Investment Management, LLCActive
Some overlap · 3 shared positions
$MCO$NET$BA
$8.4B
227 positions
#25Juno Financial Group LLCActive
Some overlap · 3 shared positions
$DE$CMI$BA
$282M
73 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.