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 WHITEBOX ADVISORS

13F Portfolio OverlapQ2 2026WHITEBOX ADVISORS portfolio →

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Most similar hedge funds by 13F overlap

WHITEBOX ADVISORS LLC is an institutional investor managing $7.7B across 667 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 WHITEBOX ADVISORS are Context, HIGHBRIDGE, Aequim Alternative Investments, with shared positions in $GME, $SMCI, $ECHO, $MARA, $MSTR, $APLD. The full ranking of 25 similar funds is below.

#1Context Capital Management, LLCPassive

Substantial overlap · 12 shared positions

$GME $SMCI $ECHO $MARA $MSTR $APLD

$5.1B

427 positions

#2HIGHBRIDGE CAPITAL MANAGEMENT LLCPassive

Substantial overlap · 9 shared positions

$GME $SMCI $BABA $MSTR $TCOM $APGE

$4.1B

433 positions

#3Aequim Alternative Investments LPActive

Notable overlap · 7 shared positions

$SMCI $ECHO $BABA $SNOW $TCOM $WBD

$6.4B

102 positions

#4LINDEN ADVISORS LPPassive

Notable overlap · 12 shared positions

$MSTR $APLD $SMCI $SPHR $UPST $LEU

$19.3B

638 positions

#5Mint Tower Capital Management B.V.Active

Notable overlap · 8 shared positions

$ECHO $BABA $SNOW $MSTR $UBER $LITE

$871M

346 positions

#6WOLVERINE ASSET MANAGEMENT LLCPassive

Notable overlap · 8 shared positions

$BABA $SMCI $MSTR $GME $TCOM $UBER

$11.4B

1,668 positions

#7ARISTEIA CAPITAL, L.L.C.Active

Notable overlap · 9 shared positions

$SMCI $MARA $MSTR $UBER $COIN $BABA

$7.7B

788 positions

#8Mirabaud Asset Management (France) SASActive

Notable overlap · 9 shared positions

$SNOW $BABA $MSTR $UBER $UPST $HLF

$222M

28 positions

#9Paloma Partners Management CoActive

Notable overlap · 5 shared positions

$SNOW $BABA $GME $TCOM $JBLU

$1.4B

28 positions

#10SHENKMAN CAPITAL MANAGEMENT INCActive

Notable overlap · 10 shared positions

$SMCI $UPST $ECHO $TCOM $MSTR $RBRK

$721M

80 positions

#11AQR Arbitrage LLCPassive

Notable overlap · 13 shared positions

$PEN $WBS $SMCI $TCOM $GME $VAL

$7.0B

634 positions

#12CSS LLC/ILPassive

Notable overlap · 9 shared positions

$ECHO $SMCI $WOLF $LITE $MARA $SNOW

$2.6B

1,001 positions

#13HBK INVESTMENTS L PActive

Notable overlap · 9 shared positions

$GME $PEN $TECH $VAL $APGE $UBER

$10.2B

276 positions

#14Kite Lake Capital Management (UK) LLPActive

Notable overlap · 3 shared positions

$SMCI $ECHO $CZR

$290M

9 positions

#15Virtus Fixed Income Advisers, LLCActive

Notable overlap · 7 shared positions

$SNOW $SPHR $MSTR $RBRK $GME $ECPG

$158M

85 positions

#16DLD Asset Management, LPPassive

Notable overlap · 7 shared positions

$ECHO $SMCI $LEU $WOLF $ECPG $CZR

$1.5B

448 positions

#17DeepCurrents Investment Group LLCPassive

Notable overlap · 7 shared positions

$APLD $SNOW $MSTR $GME $WOLF $MARA

$3.3B

143 positions

#18ADVENT CAPITAL MANAGEMENT /DE/Passive

Notable overlap · 8 shared positions

$UBER $SMCI $SNOW $MSTR $GME $COIN

$4.5B

236 positions

#19DAVIDSON KEMPNER CAPITAL MANAGEMENT LPPassive

Notable overlap · 6 shared positions

$ECHO $BABA $UBER $TCOM $SNOW $RBRK

$8.4B

241 positions

#20Benefit Street Partners LLCActive

Notable overlap · 5 shared positions

$ECHO $COIN $SNOW $JBLU $FLNC

$70M

21 positions

#21Nepsis Inc.Active

Notable overlap · 3 shared positions

$SNOW $SMCI $UBER

$295M

28 positions

#22TIG Advisors, LLCActive

Notable overlap · 7 shared positions

$PEN $TECH $WBS $CZR $APGE $WBD

$2.3B

109 positions

#23CREDIT INDUSTRIEL ET COMMERCIALPassive

Notable overlap · 9 shared positions

$SMCI $PEN $WBS $APGE $WBD $TCOM

$1.6B

338 positions

#24Shaolin Capital Management LLCPassive

Notable overlap · 4 shared positions

$GME $MSTR $WOLF $SMCI

$2.1B

554 positions

#25WATER ISLAND CAPITAL LLCActive

Notable overlap · 7 shared positions

$PEN $TECH $WBS $CZR $APGE $WBD

$1.1B

85 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.