Domino’s Pizza, Inc. (DPZ) Delivers Q2 EPS Beat

How are hedge funds trading Domino’s Pizza, Inc. (NYSE:DPZ)?

According to hedge fund experts at Insider Monkey, Jim Simons‘ Renaissance Technologies had the largest position in Domino’s Pizza, Inc. (NYSE:DPZ) on March 31, owning 3.45 million shares worth close to $346.8 million, amounting to 0.7% of its total 13F portfolio. The second-largest stake is held by Cedar Rock Capital, led by Andy Brown, holding a $218.1 million position in 2.17 million shares; 5.8% of its 13F portfolio was allocated to the stock. additional peers that are bullish comprise Ken Fisher’s Fisher Asset Management, Richard Chilton’s Chilton Investment Company, and Cliff Asness’ AQR Capital Management.

Because Domino’s Pizza, Inc. (NYSE:DPZ) has faced declining sentiment from the smart money, logic holds that there were a few hedge funds who sold off their positions entirely in the first quarter. Interestingly, Aaron Cowen‘s Suvretta Capital Management dumped the biggest investment of all the hedgies monitored by Insider Monkey, selling 293,200 shares worth about $27.61 million. Mark Massey of AltaRock Partners was right behind this move, as the fund said goodbye to 76,498 shares worth about $7.2 million worth.

Since the world’s top money managers are moving away from Domino’s Pizza, Inc. (NYSE:DPZ), we don’t advise going long in the stock at the moment.

Disclosure: None