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If you like to follow what institutional investors like hedge fund managers are buying, you may be interested in this list.

We ran a screen on stocks of companies based in the BRIC nations (Brazil, Russia, India, and China) for those seeing significant net institutional purchases over the current quarter.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the top six stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.‬

We also created a price-weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.

Do you agree with hedge funds’ optimism on these names? Use this list as a starting-off point for your own analysis.

List sorted by net institutional purchases as a percent of share float.

1. China New Borun Corporation (NYSE:BORN): Produces and distributes corn-based edible alcohol in the People's Republic of China. Market cap of $94.17M. Net institutional shares purchased over the current quarter at 1.5M, which is 26.18% of the company's 5.73M share float. It's been a rough couple of days for the stock, losing 16.44% over the last week.

2. Camelot Information Systems Inc. (NYSE:CIS): Provides enterprise application services and financial industry information technology (NYSE:IT) services in the People's Republic of China. Market cap of $118.54M. Net institutional shares purchased over the current quarter at 6.4M, which is 23.33% of the company's 27.43M share float. The stock is currently stuck in a downtrend, trading 13.61% below its SMA20, 26.29% below its SMA50, and 79.21% below its SMA200. It's been a rough couple of days for the stock, losing 8.65% over the last week.

3. Isoftstone Holdings Limited (NYSE:ISS): Provides various information technology (IT) services and solutions in the Greater China and internationally. Market cap of $557.87M. Net institutional shares purchased over the current quarter at 6.1M, which is 21.85% of the company's 27.92M share float. The stock is a short squeeze candidate, with a short float at 10.14% (equivalent to 14.71 days of average volume). The stock has recently rebounded, and is currently trading 5.01% above its SMA20 and 15.65% above its SMA50. However, the stock still trades 28.45% below its SMA200. The stock has had a good month, gaining 19.98%.

4. AsiaInfo-Linkage,Inc. (NASDAQ:ASIA): Provides telecommunications software solutions and information technology (IT) products and services to telecommunications carriers and other enterprises in the People's Republic of China. Market cap of $607.89M. Net institutional shares purchased over the current quarter at 9.5M, which is 21.78% of the company's 43.62M share float. The stock is a short squeeze candidate, with a short float at 20.48% (equivalent to 9 days of average volume). The stock has performed poorly over the last month, losing 13.33%.

5. Tele Norte Leste Participacoes S.A. (NYSE:TNE): Provides telecommunication services primarily in Brazil. Market cap of $4.80B. Net institutional shares purchased over the current quarter at 26.4M, which is 16.03% of the company's 164.74M share float. Offers a good dividend, and appears to have good liquidity to back it up--dividend yield at 4.98%, current ratio at 1.48, and quick ratio at 1.47. The stock has lost 27.13% over the last year.

6. Renren Inc. (NYSE:RENN): Operates a social networking Internet platform in China. Market cap of $620.54M. Net institutional shares purchased over the current quarter at 26.2M, which is 15.00% of the company's 174.71M share float. The stock is currently stuck in a downtrend, trading 17.94% below its SMA20, 19.25% below its SMA50, and 42.31% below its SMA200. It's been a rough couple of days for the stock, losing 6.68% over the last week.

7. TIM Participacoes S.A. (NYSE:TSU): Provides mobile telecommunications services through global system mobile (GSM) technology to business and individual customers in Brazil. Market cap of $5.94B. Net institutional shares purchased over the current quarter at 16.2M, which is 14.44% of the company's 112.22M share float. Offers a good dividend, and appears to have good liquidity to back it up--dividend yield at 5.23%, current ratio at 1.37, and quick ratio at 1.31. It's been a rough couple of days for the stock, losing 8.01% over the last week.

8. 51job Inc. (NASDAQ:JOBS): Provides integrated human resource services primarily in the People's Republic of China. Market cap of $1.19B. Net institutional shares purchased over the current quarter at 1.2M, which is 13.45% of the company's 8.92M share float. The stock is currently stuck in a downtrend, trading 7.04% below its SMA20, 10.29% below its SMA50, and 23.91% below its SMA200. It's been a rough couple of days for the stock, losing 9.73% over the last week.

9. Zhongpin, Inc. (NASDAQ:HOGS): Engages in the processing and distribution of meat and food products primarily in the People's Republic of China. Market cap of $338.74M. Net institutional shares purchased over the current quarter at 3.1M, which is 10.78% of the company's 28.77M share float. The stock is a short squeeze candidate, with a short float at 18.4% (equivalent to 12.33 days of average volume). It's been a rough couple of days for the stock, losing 5.17% over the last week.

*Institutional data sourced from Fidelity, all other data sourced from Finviz.

Source: 9 BRIC Stocks Being Bought Up By Hedge Funds