Since Medifast, Inc. (NYSE:MED) has faced bearish sentiment from the entirety of the hedge funds we track, logic holds that there is a sect of hedge funds that elected to cut their positions entirely by the end of the first quarter. Interestingly, Mark Coe's Intrinsic Edge Capital cut the biggest stake of all the hedgies tracked by Insider Monkey, worth close to $12.7 million in stock, and Harry Gail's Harspring Capital Management was right behind this move, as the fund said goodbye to about $2.6 million worth. These transactions are intriguing to say the least, as total hedge fund interest was cut by 3 funds by the end of the first quarter.