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If you like to follow smart money trends, here are some ideas to get started on your search.

We ran a screen on stocks trading within 5% of their 52-week highs for those scheduled to report their quarterly earnings next week. We then screened these stocks for those with the most significant net institutional purchases over the current quarter, indicating institutional investors such as hedge fund managers and mutual fund managers expect these stocks to outperform.

‪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 these stocks will outperform like hedge fund managers expect? Use this list as a starting point for your own analysis.

List sorted alphabetically.

1. Arch Capital Group Ltd. (ACGL): Provides insurance and reinsurance products worldwide. The stock is currently trading 0.79% below its 52-week high. Earnings to be released on 02/14. Net institutional purchases in the current quarter at 4.7M shares, which represents about 3.99% of the company's float of 117.90M shares.

2. Altisource Portfolio Solutions S.A. (ASPS): Provides services related to real estate and mortgage portfolio management, asset recovery, and customer relationship management primarily in the United States. The stock is currently trading 2.94% below its 52-week high. Earnings to be released on 02/16. Net institutional purchases in the current quarter at 541.7K shares, which represents about 3.87% of the company's float of 13.99M shares.

3. BioMarin Pharmaceutical Inc. (BMRN): Develops and commercializes biopharmaceuticals for serious diseases and medical conditions. The stock is currently trading 1.68% below its 52-week high. Earnings to be released on 02/16. Net institutional purchases in the current quarter at 4.0M shares, which represents about 3.52% of the company's float of 113.76M shares.

4. Calumet Specialty Products Partners LP (CLMT): Produces and sells specialty hydrocarbon products in North America. The stock is currently trading 2.73% below its 52-week high. Earnings to be released on 02/15. Net institutional purchases in the current quarter at 2.8M shares, which represents about 10.96% of the company's float of 25.54M shares.

5. Digital Realty Trust Inc. (DLR): Engages in the ownership, acquisition, development, redevelopment, and management of technology-related real estate. The stock is currently trading 2.35% below its 52-week high. Earnings to be released on 02/17. Net institutional purchases in the current quarter at 5.1M shares, which represents about 4.87% of the company's float of 104.73M shares.

6. EastGroup Properties Inc. (EGP): Focuses on the development, acquisition, and operation of industrial properties in the United States. The stock is currently trading 0.49% below its 52-week high. Earnings to be released on 02/14. Net institutional purchases in the current quarter at 1.8M shares, which represents about 6.98% of the company's float of 25.77M shares.

7. Glimcher Realty Trust (GRT): Operates as a real estate investment trust in the United States. The stock is currently trading 0.49% below its 52-week high. Earnings to be released on 02/15. Net institutional purchases in the current quarter at 6.7M shares, which represents about 6.36% of the company's float of 105.32M shares.

8. HMS Holdings Corp. (HMSY): Provides cost containment, coordination of benefits, and program integrity services. The stock is currently trading 1.93% below its 52-week high. Earnings to be released on 02/17. Net institutional purchases in the current quarter at 53.3M shares, which represents about 63.98% of the company's float of 83.31M shares.

9. Hornbeck Offshore Services, Inc. (HOS): Operates offshore supply vessels, multi-purpose support vessels, and a shore-base to provide logistics support and specialty services to the offshore oil and gas exploration and production industry primarily in the United States and Gulf of Mexico. The stock is currently trading 2.92% below its 52-week high. Earnings to be released on 02/16. Net institutional purchases in the current quarter at 2.5M shares, which represents about 10.23% of the company's float of 24.43M shares.

10. Maxwell Technologies Inc. (MXWL): Develops, manufactures, and markets energy storage and power delivery products, and microelectronic products. The stock is currently trading 4.56% below its 52-week high. Earnings to be released on 02/16. Net institutional purchases in the current quarter at 1.1M shares, which represents about 4.2% of the company's float of 26.20M shares.

11. Spirit Airlines, Inc. (SAVE): Provides passenger airline service primarily to leisure travelers and travelers visiting friends and relatives. The stock is currently trading 3.80% below its 52-week high. Earnings to be released on 02/16. Net institutional purchases in the current quarter at 3.9M shares, which represents about 10.54% of the company's float of 36.99M shares.

12. Six Flags Entertainment Corp. (SIX): Operates regional theme, water, and zoological parks in North America. The stock is currently trading 1.66% below its 52-week high. Earnings to be released on 02/15. Net institutional purchases in the current quarter at 1.4M shares, which represents about 5.71% of the company's float of 24.50M shares.

13. Tanger Factory Outlet Centers Inc. (SKT): Operates as a real estate investment trust. The stock is currently trading 1.72% below its 52-week high. Earnings to be released on 02/14. Net institutional purchases in the current quarter at 5.1M shares, which represents about 6.07% of the company's float of 83.97M shares.

14. Vulcan Materials Company (VMC): Engages in the production and sale of construction aggregates for the infrastructure industry primarily in the United States. The stock is currently trading 1.27% below its 52-week high. Earnings to be released on 02/15. Net institutional purchases in the current quarter at 5.0M shares, which represents about 3.89% of the company's float of 128.50M shares.

15. Watsco Inc. (WSO): Distributes air conditioning, heating and refrigeration equipment, and related parts and supplies in the United States. The stock is currently trading 1.56% below its 52-week high. Earnings to be released on 02/15. Net institutional purchases in the current quarter at 1.5M shares, which represents about 6.39% of the company's float of 23.49M shares.

Institutional data sourced from Fidelity; all other data sourced from Finviz.

Source: 15 Hedge Fund Favorites Trading Strongly Ahead Of Earnings