As you can see these stocks had an average of 7.75 hedge funds with bullish positions and the average amount invested in these stocks was $40 million. That figure was $71 million in CALA's case. The Children's Place Inc. (NASDAQ: PLCE ) is the most popular stock in this table. On the other hand Peoples Financial Services Corp. (NASDAQ: PFIS ) is the least popular one with only 1 bullish hedge fund positions. Calithera Biosciences Inc (NASDAQ:CALA) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we'd rather spend our time researching stocks that hedge funds are piling on. 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 gained 12.3% in 2020 through June 30th but beat the market by 15.5 percentage points.