Is Tesla Motors Inc (NASDAQ:TSLA) the right pick for your portfolio? Hedge funds are getting less optimistic. The number of long hedge fund positions retreated by 2 in recent months. 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 Spectra Energy Corp. (NYSE:SE), Eaton Corporation, PLC Ordinary Shares (NYSE:ETN), and Aon PLC (NYSE:AON) to gather more data points.