⚡ Conviction Convergence

Hedge Fund Portfolio Overlap

When one great fund bets big on a stock, that's interesting.
When three independent funds all make it a top position — that's a signal worth acting on.

Why portfolio overlap signals matter

🎯

Filter out luck

Any single manager can get one stock right. Convergence across multiple independent hedge funds is far harder to explain away as noise.

💡

Find real conviction

Set a minimum portfolio weight per fund — so only positions large enough to be intentional bets are included, not index filler below 1–2%.

🔁

You control the overlap

Add 10 funds, require overlap in just 3 — get a focused shortlist without manually cross-referencing every 13F portfolio.

5
Max funds
Any %
Custom weight floor
Live
Latest 13F data
Select Funds Add 2–5 funds · upgrade for 20
🔍
Show positions held by at least
of 0 funds
Add 2 or more funds above, then click Compare
🔍
Select your funds and hit Compare.

About portfolio overlap

What is hedge fund portfolio overlap? +

Hedge fund portfolio overlap occurs when two or more funds hold the same stock in their quarterly 13F-reported portfolios. High overlap in large positions signals independent managers reached the same conviction — a stronger signal than any single fund's bet.

How does the portfolio overlap tool work? +

Select 2–20 hedge funds — for example David Tepper's Appaloosa, Philippe Laffont's Coatue, Stanley Druckenmiller's Duquesne Family Office, or Leopold Aschenbrenner's Situational Awareness LP — set a minimum portfolio weight per fund, and choose how many must share the position. The tool queries 13F filing data and returns every overlapping stock ranked by combined weight.

Why do multiple hedge funds hold the same stocks? +

Independent managers often converge on the same high-conviction positions through separate research. When they do, it typically reflects a genuine fundamental thesis — strong earnings, a sector tailwind, or a valuation gap — rather than coincidence.

What does combined weight mean? +

Combined weight is the sum of each fund's portfolio allocation to that stock. If Fund A holds 8% in NVDA and Fund B holds 6%, the combined weight is 14% — letting you rank by total conviction, not just headcount.

How often is the 13F data updated? +

13F filings are due within 45 days after each quarter end. 13Foresight processes new filings as they arrive, so overlap data always reflects the most recently reported positions.