Sequence heterogeneity at the ends of mature microRNAs (miRNAs) is well documented, but its effects on miRNA function are largely unexplored. Here we studied the impact of miRNA 5 ′ -heterogeneity, which affects the seed region critical for target recognition. Using the example of miR-142-3p, an emerging regulator of the hematopoietic lineage in vertebrates, we show that naturally coexpressed 5 ′ -variants (5 ′ -isomiRs) can recognize largely distinct sets of binding sites. Despite this, both miR-142-3p isomiRs regulate exclusive and shared targets involved in actin dynamics. Thus, 5′ -heterogeneity can substantially broaden and enhance regulation of one pathway. Other 5 ′ -isomiRs, in contrast, recognize largely overlapping sets of binding sites. This is exemplified by two herpesviral 5 ′ -isomiRs that selectively mimic one of the miR-142-3p 5 ′ -isomiRs. We hypothesize that other cellular and viral 5 ′ -isomiRs can similarly be grouped into those with divergent or convergent target repertoires, based on 5 ′ -sequence features. Taken together, our results provide a detailed characterization of target recognition by miR-142-3p and its 5 ′ -isomiR-specific viral mimic. We furthermore demonstrate that miRNA 5 ′ -end variation leads to differential targeting and can thus broaden the target range of miRNAs.