Michael Burry Stock Portfolio Performance in 2021: 4 Best Picks

3. CoreCivic, Inc. (NYSE:CXW)

Number of Hedge Fund Holders: 15  

Gain in Share Price in 2021: 48%      

CoreCivic, Inc. (NYSE:CXW) owns and runs correctional and detention facilities. Hedge funds have been bullish on the stock in the past few months. 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.

Securities filings reveal that Scion Asset Management owned 412,126 shares in CoreCivic, Inc. (NYSE:CXW) worth more than $3.6 million at the end of September 2021, representing 8.79% of the portfolio. CoreCivic, Inc. (NYSE:CXW) has consistently featured in the Burry portfolio since the fourth quarter of 2020. However, after adding to the initial stake in the first two quarters of 2021, Burry slashed his position in CoreCivic, Inc. (NYSE:CXW) by almost 70% in the third quarter. 

Elite hedge funds, however, continue to see CoreCivic, Inc. (NYSE:CXW) in a positive light. 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 6 million shares worth more than $53 million.