5 Best Stocks To Buy According to Billionaire Larry Robbins

1. Tenet Healthcare Corporation (NYSE:THC)

Glenview Capital’s Stake Value: $574,888,000

Percentage of Glenview Capital’s 13F Portfolio: 10.53%

Number of Hedge Fund Holders: 47

Tenet Healthcare Corporation (NYSE:THC) is the largest holding in billionaire Larry Robbins’ third quarter portfolio, with the billionaire holding 8.65 million company shares, worth $574.8 million, representing 10.53% of his total Q3 investments. Tenet Healthcare Corporation (NYSE:THC) is a Texas-based multinational healthcare company that operates a network of healthcare clinics and hospitals across the United States. 

Publishing its Q3 earnings on October 20, Tenet Healthcare Corporation (NYSE:THC) posted an EPS of $1.99, beating estimates by $0.91. The quarter revenue came in at $4.89 billion, up 7.40% year-over-year, surpassing estimates by $60.13 million. 

Barclays analyst Sarah James on December 21 raised the price target on Tenet Healthcare Corporation (NYSE:THC) to $87 from $81 and kept an Overweight rating on the shares. 

Viking Global, a successful Wall Street hedge fund managed by billionaire Andreas Halvorsen, is one of the leading Tenet Healthcare Corporation (NYSE:THC) stakeholders, with a $222.8 million position in the company. Overall, 47 hedge funds were long Tenet Healthcare Corporation (NYSE:THC) in Q3 2021, up from 39 funds in the prior quarter. 

Here is what Oakmark Funds has to say about Tenet Healthcare Corporation (NYSE:THC) in its Q3 2021 investor letter:

“Tenet may be best known as the second-largest public hospital chain in the U.S., but its largest business is outpatient acute care centers. In early 2020, investors fled the healthcare industry because of the great uncertainty that the pandemic presented. The early days of the pandemic were very hard on the hospital industry especially, but as the Covid-19 surge peaked and diminished, hospitals were able to schedule elective procedures and engage in profitable activities.”

You can also take a look at 10 Best Stocks Under $20 According to Jim Simons’ Fund and 10 Value Stocks in Joel Greenblatt’s Portfolio. 

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