Whole Foods Market, Inc. (WFM) Sinking On Weak Earnings, Lowered Guidance Brought On By Scandal

How have hedgies been trading Whole Foods Market, Inc. (NASDAQ:WFM)?

According to hedge fund experts at Insider Monkey, D E Shaw, managed by David E. Shaw, holds the biggest position in Whole Foods Market, Inc. (NASDAQ:WFM). D E Shaw has a $72.1 million position in the stock, comprising 0.1% of its 13F portfolio. Sitting in the second spot is Israel Englander of Millennium Management, with a $52.3 million position; the fund has 0.1% of its 13F portfolio invested in the stock. Some other members of the smart money that are bullish consist of James Crichton’s Hitchwood Capital Management, Steve Cohen‘s Point72 Asset Management, and Edmond M. Safra’s EMS Capital.

As overall hedge fund ownership has grown, several funds have been leading the charge. Donald Chiboucis’ Columbus Circle Investors opened the largest new position in the stock during the quarter, while Matthew Tewksburyt’s Steven Capital Management and Peter Muller’s PDT Partners also opened large new positions.

Until we see consumer sentiment begin to reverse for Whole Foods Market, Inc. (NASDAQ:WFM), we can’t recommend buying it, and believe it’s drop is partly a correction from a previously lofty valuation.

Disclosure: None