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Here are the stocks the top-performing hedge funds are buying — including Tempur Sealy

Key Points
  • CNBC used Symmetric.io, a hedge-fund tracking firm, to find the best stock-picking funds and the companies they are buying.
  • The data reflect second-quarter holdings that hedge funds disclosed this week in required quarterly filings.
Managers of Sleep Quarters at Clark's Pond in South Portland, relax on one of their Tempur-Pedic beds. 
Gordon Chibrosk | Portland Press Herald | Getty Images

Boldface names like David Tepper and Dan Loeb get much of the attention, but lower-profile hedge fund managers are performing even better and beating the market.

CNBC used Symmetric.io, a top hedge-fund tracking firm, to find the best under-the-radar managers and which stocks they recently bought, according to filings.

Four times a year, hedge funds file their long positions with the Securities and Exchange Commission, and the information is released to the public 45 days after each quarter ends.

With the recently released June quarter filing data, Symmetric.io graded the stock-picking ability of nearly 1,000 hedge funds in its database with a proprietary indicator called StockAlpha. It is derived by comparing the performance of equities in the fund with that of a sector ETF.

Here are the top five stock-picking hedge funds measured by StockAlpha, many of them run by managers who are not household names.

Some investors focus on the stocks in which funds are taking new positions because it may mean the managers see an overlooked opportunity.

Here are some new stock additions from the top five stock pickers.

The top-performing hedge funds added positions in Sarepta Therapeutics and Tempur Sealy in the June quarter.