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As you can see these stocks had an average of 15 hedge funds with bullish positions and the average amount invested in these stocks was $144 million. That figure was $168 million in NVMI's case. Social Capital Hedosophia Holdings Corp. (NYSE:IPOA) is the most popular stock in this table. On the other hand Banco BBVA Argentina S.A. (NYSE:BBAR) is the least popular one with only 9 bullish hedge fund positions. Nova Measuring Instruments Ltd. (NASDAQ:NVMI) is not the least popular stock in this group but hedge fund interest is still below average. Our calculations showed that top 20 most popular stocks among hedge funds returned 37.4% in 2019 through the end of November and outperformed the S&P 500 ETF (SPY) by 9.9 percentage points. A small number of hedge funds were also right about betting on NVMI as the stock returned 13.7% during the first two months of Q4 and outperformed the market by an even larger margin.
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