I would start here: http://en.wikipedia.org/wiki/Longest_common_substring_problem
There are links to supplemental information in the external links, including Perl implementations of the two algorithms explained in the article.
Edited to add:
Based on the discussion, I still think Longest Common Substring could be at the heart of this problem. Even in the Journal example you reference in your comment, the defining characteristic of that set is the substring ‘Journal’.
I would first consider what defines a set as separate from the other sets. That gives you your partition to divide up the data, and then the problem is in measuring how much commonality exists within a set. If the defining characteristic is a common substring, then Longest Common Substring would be a logical starting point.
To automate the process of set detection, in general, you will need a pairwise measure of commonality which you can use to measure the ‘difference’ between all possible pairs. Then you need an algorithm to compute the partition that results in the overall lowest total difference. If the difference measure is not Longest Common Substring, that’s fine, but then you need to determine what it will be. Obviously it needs to be something concrete that you can measure.
Bear in mind also that the properties of your difference measurement will bear on the algorithms that can be used to make the partition. For example, assume diff(X,Y) gives the measure of difference between X and Y. Then it would probably be useful if your measure of distance was such that diff(A,C) <= diff(A,B) + diff(B,C). And obviously diff(A,C) should be the same as diff(C,A).
In thinking about this, I also begin to wonder whether we could conceive of the ‘difference’ as a distance between any two strings, and, with a rigorous definition of the distance, could we then attempt some kind of cluster analysis on the input strings. Just a thought.