Wedgewood Capital is bullish on Tractor Supply Company (Nasdaq: TSCO), an 80-year old rural lifestyle retail store chain in the U.S. In its 2017 Q3 investor letter (a copy of which can be download here), Wedgewood Capital discussed its investment thesis on Tractor Supply, saying that the retail market in the U.S. is a “monstrous” and TSCO established itself as a different player in comparison to Amazon and other competitors. The investor raised its position in Tractor Supply during the third quarter.

Among hedge funds tracked by Insider Monkey, 24 funds reported holding bullish positions in Tractor Supply at the end of the second quarter. Aside from Wedgewood Capital, TSCO is also a favorite stock of Permian Investment Partners and Welch Capital Partners.

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Let’s take a look at what Wedgewood Capital said about Tractor Supply in its letter to investors: