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Is The Kroger Co. (KR) A Good Stock To Buy?

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There are several ways to beat the market, and investing in small cap stocks has historically been one of them. We like to improve the odds of beating the market further by examining what famous hedge fund operators such as Carl Icahn and George Soros think. Those hedge fund operators make billions of dollars each year by hiring the best and the brightest to do research on stocks, including small cap stocks that big brokerage houses simply don’t cover. Because of Carl Icahn and other elite funds’ exemplary historical records, we pay attention to their small cap picks. In this article, we use hedge fund filing data to analyze The Kroger Co. (NYSE:KR).

The Kroger Co. (NYSE:KR) has experienced an increase in activity from the world’s largest hedge funds lately. At the end of this article we will also compare KR to other stocks including Bank of Montreal (USA) (NYSE:BMO), CIGNA Corporation (NYSE:CI), and BCE Inc. (USA) (NYSE:BCE) to get a better sense of its popularity.

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With all of this in mind, we’re going to check out the latest action encompassing The Kroger Co. (NYSE:KR).

Hedge fund activity in The Kroger Co. (NYSE:KR)

At the end of the third quarter, a total of 42 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of 27% from the previous quarter. With hedgies’ capital changing hands, there exists a few notable hedge fund managers who were upping their stakes considerably (or already accumulated large positions).

When looking at the institutional investors followed by Insider Monkey, Steven Richman’s East Side Capital (RR Partners) has the biggest position in The Kroger Co. (NYSE:KR), worth close to $308.2 million, comprising 13.2% of its total 13F portfolio. Coming in second is AQR Capital Management, led by Cliff Asness, holding an $242.2 million position; the fund has 0.5% of its 13F portfolio invested in the stock. Remaining members of the smart money that are bullish consist of Ken Griffin’s Citadel Investment Group, John Overdeck and David Siegel’s Two Sigma Advisors and David Harding’s Winton Capital Management.

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