Chesapeake Energy Corporation (NYSE: CHK ) was in 41 hedge funds' portfolios at the end of September. CHK investors should pay attention to an increase in support from the world's most elite money managers lately. There were 31 hedge funds in our database with CHK positions at the end of the previous quarter. The level and the change in hedge fund popularity aren't the only variables you need to analyze to decipher hedge funds' perspectives. A stock may witness a boost in popularity but it may still be less popular than similarly priced stocks. That's why at the end of this article we will examine companies such as Oceaneering International (NYSE: OII ), ENSCO PLC (NYSE: ESV ), and National Beverage Corp. (NASDAQ: FIZZ ) to gather more data points.