Latest Developments Confirm Hedge Fund Sentiment on these Two Stocks

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ConAgra Foods Inc (NYSE:CAG) registered an increase of the smart money capital in the April – June quarter. There were 31 hedge funds long ConAgra at the end of June, up by eight over the quarter. The stock had a great run in the second quarter, growing by 19.68% in value, but the total value of hedge funds’ stakes surged by 370% to $2.19 billion and represented 11.70% of the company. JANA Partners was the largest stakeholder in ConAgra, holding 11.54 million shares. Meanwhile, Ken Griffin’s Citadel Investment Group upped its stake by 73% from the previous quarter to end June with about 6.04 million shares.

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