Top 3 Stock Picks of Michael Burry

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In this article, we discuss the top 3 stock picks of Michael Burry. If you want to read our detailed analysis of these stocks, go directly to the Top Stock Picks of Michael Burry

3. CoreCivic, Inc. (NYSE:CXW)

Number of Hedge Fund Holders: 15    

CoreCivic, Inc. (NYSE:CXW) owns and runs correctional and detention facilities. The company has a market cap of $1.1 billion and posted more than $1.9 billion in revenue last year. It recently beat market estimates on earnings for the third quarter. 

Latest filings show that Scion Asset Management is long on 412,126 shares in CoreCivic, Inc. (NYSE:CXW) worth more than $3.6 million, representing 8.79% 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 6 million shares worth more than $53 million. 

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