3 Best Stocks to Buy According to Michael Burry

Page 3 of 3

1. CoreCivic, Inc. (NYSE:CXW)

Number of Hedge Fund Holders: 15  

CoreCivic, Inc. (NYSE:CXW) owns and runs correctional facilities. Burry first purchased a stake in the company during the fourth quarter of 2020, buying 1 million shares at an average price of $7.19 per share. He then proceeded to add to that position by 10% and 18% in the next two quarters. He then slashed this stake by more than half during the third quarter of 2021 before increasing it by 34% during the fourth quarter. 

Latest filings show that Scion Asset Management owned 555,427 shares of CoreCivic, Inc. (NYSE:CXW) at the end of the fourth quarter of 2021 worth more than $5.5 million, representing 7.43% of the portfolio. 

At the end of the third quarter of 2021, 15 hedge funds in the database of Insider Monkey held stakes worth $84 million in CoreCivic, Inc. (NYSE:CXW), up from 13 in the previous quarter worth $97 million.

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Mason Capital Management is a leading shareholder in CoreCivic, Inc. (NYSE:CXW), with 4.7 million shares worth more than $47 million. 

You can also take a peek at Warren Buffett Is Selling These 10 Stocks and 10 Best Nickel Stocks to Buy Now.

Page 3 of 3