5 Best Supermarket Stocks To Buy

 – Investors with Long Positions (as of June 30): 32

 – Aggregate Value of Investors’ Holdings (as of June 30): $328.72 Million

The $11.24 billion retailer of natural and organic foods has seen its stock price slump by over 37% this year despite its popularity among hedge funds, which significantly declined following the retailer’s recent scandal, as total funds holding Whole Foods dropped by eight during the April-to-June quarter, with the total value of their investments dropping by a staggering $314.65 million. After the overcharging scandal that engulfed Whole Foods Market, Inc. (NASDAQ:WFM) involving overstated weight of packaged products, the company delivered disappointing results for the second quarter and lowered its guidance for the full 2015 fiscal year. Jim Simons‘ Renaissance Technologies saw this as a buying opportunity, as it spiked its Whole Foods Market, Inc. (NASDAQ:WFM) stake by 119% during the June quarter to 1.31 million shares valued at $51.76 million. As of the end of June hedge funds collectively held about 2.3% of Whole Foods Market’s outstanding stock.