United Natural Foods, Inc. (UNFI) Lifted By Upbeat Preliminary Earnings, Upped 2015 Outlook

United Natural Foods, Inc. (NASDAQ:UNFI) witnessed a considerable inflow of capital from smart money during the April – June quarter. Even though the number of investors with long positions declined by two to 15 funds, the aggregate value of their holdings surged to $179 million from $105 million, which, combined with a 17% drop of the stock during the quarter, represents a substantial increase. However, these investors still hold less than 3% of the company.

Fisher Asset Management, helmed by Ken Fisher, ended the second quarter holding the largest position in United Natural Foods, Inc. (NASDAQ:UNFI) among the hedge funds we track. Fisher Asset Management increased its stake in the company by 85% from the previous quarter to 702,233 shares worth about $44.72 million. Greg Poole’s Echo Street Capital Management also boosted its stake by 209% quarter-over-quarter to 570,130 shares. In terms of new positions, Jim Simons’ Renaissance Technologies acquired 511,350 shares between April and June. Meanwhile, leading the bear heard was Steve Cohen’s Point72 Asset Management, which dumped 75,000 United Natural Foods shares to end the second quarter with 50,000 shares.

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