Is Whole Foods Market, Inc. (WFM) a Good Buy?

Consequently, specific money managers have been driving this bullishness. Canyon Capital Advisors, managed by Joshua Friedman and Mitchell Julis, established the most valuable position in Whole Foods Market, Inc. (NASDAQ:WFM). Canyon Capital Advisors had $58.4 million invested in the company at the end of the quarter. Sanford J. Colen’s Apex Capital also made a $19.8 million investment in the stock during the quarter. The other funds with new positions in the stock are Phill Gross and Robert Atchinson’s Adage Capital Management, Edmond M. Safra’s EMS Capital, and Sanford J. Colen’s Apex Capital.

Let’s now review hedge fund activity in other stocks similar to Whole Foods Market, Inc. (NASDAQ:WFM). These stocks are Harley-Davidson, Inc. (NYSE:HOG), POSCO (ADR) (NYSE:PKX), Discovery Communications Inc. (NASDAQ:DISCA), and Markel Corporation (NYSE:MKL). This group of stocks’ market valuations are closest to WFM’s market valuation.

As you can see these stocks had an average of 21 hedge funds with bullish positions and the average amount invested in these stocks was $503 million. That figure was $427 million in WFM’s case. Markel Corporation (NYSE:MKL) is the most popular stock in this table. On the other hand POSCO (ADR) (NYSE:PKX) is the least popular one with only 12 bullish hedge fund positions. Compared to these stocks Whole Foods Market, Inc. (NASDAQ:WFM) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.