Hedge funds are still beating you during selloff

Traders work on the floor of the New York Stock Exchange.
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Hedge funds are winning again as their favorite stocks are beating the market in the past month.

The average return of stocks in Goldman Sachs' "Twenty Most Concentrated" hedge fund holdings basket was a negative 7.5 percent in the last month through Tuesday's close, compared with a 9 percent slide for the S&P 500 over that same period.

Some of these stocks that hedge funds love have managed to climb higher during this tumultuous time, names such as Signet Jewelers and Hospira.

The data show that, in this volatile environment, it may pay to piggyback on the fund managers whose job it is to sniff out stocks that don't go down as much or even rise during market routs.