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"Smart Money" investors such as hedge fund managers and mutual fund managers report the companies they buy on a regular basis, and this is helpful information to other investors looking for a starting point for their own analysis.

With that idea in mind, we ran a screen on the basic materials sector for stocks with the highest net institutional buying 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 think hedge funds are calling it right on these names? Use this list as a starting point for your own analysis.

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

1. YPF S.A. (NYSE:YPF): Engages in the exploration, development, and production of crude oil, natural gas, and liquefied petroleum gas (NYSE:LPG) in Argentina. Market cap of $13.16B. Net institutional shares purchased over the current quarter at 5.0M, which is 7.81% of the company's 64.06M share float. It's been a rough couple of days for the stock, losing 5.11% over the last week.

2. Kinder Morgan, Inc. (NYSE:KMI): Operates energy infrastructure in the United States and Canada. Market cap of $20.57B. Net institutional shares purchased over the current quarter at 5.1M, which is 7.21% of the company's 70.78M share float.

3. Williams Companies, Inc. (NYSE:WMB): Engages in finding, producing, gathering, processing, and transporting natural gas primarily in the United States. Market cap of $18.03B. Net institutional shares purchased over the current quarter at 35.0M, which is 5.96% of the company's 587.29M share float. The stock has gained 32.71% over the last year.

4. Silver Wheaton Corp. (NYSE:SLW): Operates as a silver streaming company worldwide. Market cap of $10.28B. Net institutional shares purchased over the current quarter at 19.0M, which is 5.39% of the company's 352.72M share float. The stock is currently stuck in a downtrend, trading 11.46% below its SMA20, 12.61% below its SMA50, and 21.31% below its SMA200. It's been a rough couple of days for the stock, losing 13.12% over the last week.

5. The Mosaic Company (NYSE:MOS): Engages in the production and marketing of concentrated phosphate- and potash-based crop nutrients for the agriculture industry worldwide. Market cap of $21.15B. Net institutional shares purchased over the current quarter at 21.9M, which is 4.91% of the company's 446.15M share float. It's been a rough couple of days for the stock, losing 11.03% over the last week.

6. Kinross Gold Corporation (NYSE:KGC): Engages in mining and processing gold ores. Market cap of $13.43B. Net institutional shares purchased over the current quarter at 36.4M, which is 3.22% of the company's 1.13B share float. The stock is currently stuck in a downtrend, trading 9.77% below its SMA20, 14% below its SMA50, and 22.7% below its SMA200. It's been a rough couple of days for the stock, losing 14.91% over the last week.

7. Compania de Minas Buenaventura SA (NYSE:BVN): Engages in the exploration, mining, processing, and development of gold, silver, and other metals in Peru. Market cap of $10.42B. Net institutional shares purchased over the current quarter at 4.9M, which is 2.67% of the company's 183.77M share float. The stock has performed poorly over the last month, losing 14.03%.

8. Yamana Gold, Inc. (NYSE:AUY): Engages in gold and other precious metals mining, and related activities, including exploration, extraction, processing, and reclamation. Market cap of $10.42B. Net institutional shares purchased over the current quarter at 18.8M, which is 2.53% of the company's 741.76M share float. It's been a rough couple of days for the stock, losing 14.18% over the last week.

9. National Oilwell Varco, Inc. (NYSE:NOV): Designs, constructs, manufactures, and sells systems, components, and products used in oil and gas drilling and production; provides oilfield services and supplies; and distributes products, and provides supply chain integration services to the upstream oil and gas industry worldwide. Market cap of $27.96B. Net institutional shares purchased over the current quarter at 10.0M, which is 2.37% of the company's 422.75M share float. It's been a rough couple of days for the stock, losing 9.31% over the last week.

10. Enbridge Inc. (NYSE:ENB): Engages in the transportation and distribution of crude oil and natural gas primarily in Canada and the United States. Market cap of $27.09B. Net institutional shares purchased over the current quarter at 15.1M, which is 2.37% of the company's 636.56M share float. The stock has gained 29.35% over the last year.

11. Agrium Inc. (NYSE:AGU): Produces and markets agricultural nutrients, industrial products, and specialty products worldwide, as well as involves in the retail supply of agricultural products and services in North and South Americas and Australia. Market cap of $10.18B. Net institutional shares purchased over the current quarter at 3.6M, which is 2.28% of the company's 157.67M share float. It's been a rough couple of days for the stock, losing 10.42% over the last week.

12. El Paso Corp. (EP): Operates in the natural gas transmission, and exploration and production sectors of the energy industry primarily in the United States. Market cap of $19.18B. Net institutional shares purchased over the current quarter at 15.3M, which is 2.18% of the company's 700.80M share float. The stock has gained 85.87% over the last year.

13. Plains All American Pipeline, L.P. (NYSE:PAA): Engages in the transportation, storage, terminalling, and marketing of crude oil, refined products, and liquefied petroleum gas and other natural gas-related petroleum products (LPG) in the United States and Canada. Market cap of $10.60B. Net institutional shares purchased over the current quarter at 3.0M, which is 2.07% of the company's 144.63M share float. The stock has gained 17.15% over the last year.

14. Barrick Gold Corporation (NYSE:ABX): Engages in the production and sale of gold, as well as related activities, such as exploration and mine development. Market cap of $44.67B. Net institutional shares purchased over the current quarter at 20.0M, which is 2.01% of the company's 997.49M share float. The stock is currently stuck in a downtrend, trading 10% below its SMA20, 9.23% below its SMA50, and 8.77% below its SMA200. It's been a rough couple of days for the stock, losing 12.72% over the last week.

15. Newmont Mining Corp. (NYSE:NEM): Engages in the acquisition, exploration, and production of gold and copper properties. Market cap of $33.53B. Net institutional shares purchased over the current quarter at 9.9M, which is 2.00% of the company's 493.99M share float. It's been a rough couple of days for the stock, losing 8.99% over the last week.

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

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: 15 Basic Materials Stocks Being Bought Up By Hedge Funds