What hedge funds are most similar to Spruce Street Capital LP?

The funds with the most similar 13F portfolios to Spruce Street Capital LP are Commodore, Squadron, StemPoint, based on overlapping conviction holdings in the latest SEC filings.

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 Spruce Street

13F Portfolio OverlapQ2 2026Spruce Street portfolio →

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Most similar hedge funds by 13F overlap

Spruce Street Capital LP is an institutional investor managing $510M across 30 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 Spruce Street are Commodore, Squadron, StemPoint, with shared positions in $RLAY, $ALKS, $ANRO, $ELVN, $LBRX, $CATX. The full ranking of 25 similar funds is below.

#1Commodore Capital LPActive

Substantial overlap · 14 shared positions

$RLAY $ALKS $ANRO $ELVN $LBRX $CATX

$1.7B

33 positions

#2Squadron Capital Management LLCActive

Notable overlap · 5 shared positions

$RLMD $RLAY $ELVN $IKT $IFRX

$322M

43 positions

#3StemPoint Capital LPActive

Notable overlap · 9 shared positions

$DNTH $ELVN $KNSA $ALKS $SRZN $RLMD

$581M

84 positions

#4Vivo Capital, LLCActive

Notable overlap · 10 shared positions

$DNTH $ANRO $LBRX $NERV $SABS $ERAS

$1.1B

47 positions

#5TCG Crossover Management, LLCActive

Notable overlap · 10 shared positions

$DNTH $RLAY $SVRA $LBRX $ZLAB $IPSC

$4.2B

54 positions

#6Trails Edge Capital Partners, LPActive

Notable overlap · 5 shared positions

$LBRX $IPSC $IKT $NERV $RACC

$630M

35 positions

#7Avidity Partners Management LPSmart money

Notable overlap · 4 shared positions

$DNTH $ELVN $CATX $CRVS

$624M

45 positions

#8VR Adviser, LLCSmart money

Notable overlap · 10 shared positions

$DNTH $SVRA $ERAS $RLMD $ELVN $IPSC

$3.3B

33 positions

#9Bain Capital Life Sciences Investors, LLCSmart money

Notable overlap · 3 shared positions

$ALKS $SVRA $DNTH

$1.7B

21 positions

#10HighVista Strategies LLCPassive

Notable overlap · 7 shared positions

$RLAY $ALKS $PCVX $ELVN $LBRX $ALMS

$439M

147 positions

#11Elmind Capital, LPActive

Notable overlap · 4 shared positions

$RLAY $PCVX $ALMS $ALEC

$398M

35 positions

#12Affinity Asset Advisors, LLCActive

Notable overlap · 8 shared positions

$ALKS $DNTH $ERAS $ELVN $ANRO $RLAY

$2.2B

113 positions

#13Fairmount Funds Management LLCSmart money

Notable overlap · 3 shared positions

$DNTH $ELVN $IKT

$1.5B

12 positions

#14First Turn Management, LLCActive

Notable overlap · 4 shared positions

$ELVN $DNTH $PCVX $ERAS

$935M

31 positions

#15SILVERARC CAPITAL MANAGEMENT, LLCActive

Notable overlap · 5 shared positions

$DNTH $ELVN $ERAS $PCVX $SVRA

$962M

73 positions

#16Octagon Capital Advisors LPActive

Notable overlap · 3 shared positions

$DNTH $ALMS $ERAS

$1.1B

27 positions

#17Deep Track Capital, LPActive

Notable overlap · 4 shared positions

$PCVX $ALKS $ALMS $LBRX

$6.9B

67 positions

#18Artia Global Partners LPActive

Notable overlap · 5 shared positions

$ALKS $DNTH $ALMS $ELVN $KNSA

$542M

48 positions

#19Seven Fleet Capital Management LP

Notable overlap · 9 shared positions

$ELVN $IPSC $DNTH $ERAS $NERV $RLAY

$606M

96 positions

#20Ikarian Capital, LLCActive

Notable overlap · 5 shared positions

$PCVX $ALMS $RLMD $ANRO $ELVN

$928M

156 positions

#21Nextech Invest, Ltd.Smart money

Notable overlap · 3 shared positions

$RLAY $ALMS $CRVS

$2.1B

15 positions

#22Logos Global Management LPActive

Notable overlap · 6 shared positions

$DNTH $ERAS $ELVN $ACHV $LBRX $NERV

$2.3B

68 positions

#23Cormorant Asset Management, LPActive

Notable overlap · 5 shared positions

$DNTH $ALMS $ERAS $ELVN $RACC

$2.0B

50 positions

#24SUPERSTRING CAPITAL MANAGEMENT LPActive

Notable overlap · 4 shared positions

$SVRA $PCVX $ZLAB $KNSA

$158M

32 positions

#25GREAT POINT PARTNERS LLCActive

Notable overlap · 6 shared positions

$ALMS $LBRX $IFRX $RLMD $ELVN $JATT

$529M

42 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.