The Bezos mostly taketh away, but sometimes, The Bezos, he giveth. And he giveth so good.
On Wednesday, Jana Partners said in a filing with the Securities and Exchange Commission that it was exiting its position of 26 million shares, or about an 8.2 percent stake in the grocery chain.
Jana Partners in April first reported its ownership of Texas-based Whole Foods, bumping up shares of the supermarket company's stock. The hedge fund was, at the time, suggesting the struggling grocer should consider putting itself up for sale.
So, Jana is unloading 62 million shares of something it picked up only recently? That's not the kind of long-termism that we've come to expect from this crowd. And if an activist hedge fund can't be philosophically consistent at all times, what are we going to cling to in this crazy world?
Oh, there's a chart of WFM stock between April and now?