As you can see these stocks had an average of 9.75 hedge funds with bullish positions and the average amount invested in these stocks was $45 million. That figure was $103 million in BDSI's case. Extreme Networks, Inc (NASDAQ: EXTR ) is the most popular stock in this table. On the other hand Global Indemnity Limited (NASDAQ: GBLI ) is the least popular one with only 4 bullish hedge fund positions. Compared to these stocks BioDelivery Sciences International, Inc. (NASDAQ:BDSI) is more popular among hedge funds. Our calculations showed that top 10 most popular stocks among hedge funds returned 41.4% in 2019 and outperformed the S&P 500 ETF (SPY) by 10.1 percentage points. These stocks returned 8.3% in 2020 through the end of May but still managed to beat the market by 13.2 percentage points. Hedge funds were also right about betting on BDSI as the stock returned 26.1% so far in Q2 (through the end of May) and outperformed the market by an even larger margin.