Top 5 Stocks To Buy According To Billionaire James Dinan

4. New Frontier Health Corporation (NYSE:NFH)

York Capital Management’s Stake Value: $53,775,000

Percentage of York Capital Management’s 13F Portfolio: 5.67%

Number of Hedge Fund Holders: 16

New Frontier Health Corporation (NYSE:NFH) is a private healthcare provider based in Beijing, China. Its platform consists of a network of seven private hospitals and affiliated outpatient clinics, serving customers in eight metropolitan Chinese cities.

James Dinan, as of Q3 2021, elevated his position in New Frontier Health Corporation (NYSE:NFH) by 106%, holding 4.7 million shares worth $53.7 million. The stock accounts for 5.67% of the third quarter 13F portfolio at James Dinan’s York Capital Management. 

On January 11, New Frontier Health Corporation (NYSE:NFH) reported that it had received a notice from the New York Stock Exchange of a possible delisting since New Frontier Health Corporation (NYSE:NFH) did not timely publish its financial results for the half year ended June 30, 2021. New Frontier Health Corporation (NYSE:NFH) stated that it had not timely filed the financial results since it has focused its resources on its previously announced going private transaction, which is expected to close during the first quarter of 2022. If consummated, the privatization would result in New Frontier Health Corporation (NYSE:NFH) becoming a privately held company and its ordinary shares and warrants would no longer be listed on the NYSE.

According to Insider Monkey’s Q3 data, 16 hedge funds were bullish on New Frontier Health Corporation (NYSE:NFH), with stakes totaling $403.70 million. Vivo Capital held the largest stake in New Frontier Health Corporation (NYSE:NFH) as of Q3 2021, holding 14.30 million shares worth $160.5 million.