As you can see these stocks had an average of 20 hedge funds with bullish positions and the average amount invested in these stocks was $234 million. That figure was $822 million in AXS's case. Williams-Sonoma, Inc. (NYSE: WSM ) is the most popular stock in this table. On the other hand Turkcell Iletisim Hizmetleri A.S. (NYSE: TKC ) is the least popular one with only 7 bullish hedge fund positions. Axis Capital Holdings Limited (NYSE:AXS) is not the most popular stock in this group but hedge fund interest is still above average. Our calculations showed that top 20 most popular stocks (view the video below) among hedge funds returned 24.4% in 2019 through September 30th and outperformed the S&P 500 ETF (SPY) by 4 percentage points. Hedge funds were also right about betting on AXS as the stock returned 11.9% during the third quarter and outperformed the market. Hedge funds were rewarded for their relative bullishness.