5 Best Stocks to Buy According to Michael Burry

3. McKesson Corporation (NYSE: MCK) CALL

Number of Hedge Fund Holders: 51

McKesson Corporation (NYSE: MCK) is a Texas-based healthcare and pharmaceutical company. It is ranked third on our list of 10 best stocks to buy according to Michael Burry. Regulatory filings by Scion Asset Management reveal that Burry owned CALL contracts on 682,400 shares in the healthcare company at the end of the second quarter of 2021. This represents 6.26% of the portfolio and is worth $130 million. The stake is a new addition to the portfolio compared to the first quarter of 2021. 

On August 5, investment advisory Deutsche Bank kept a Buy rating on McKesson Corporation (NYSE: MCK) stock and raised the price target to $261 from $237, highlighting that the company raised guidance and saw strength in every business segment in the first fiscal quarter. 

Out of the hedge funds being tracked by Insider Monkey, New York-based firm Pzena Investment Management is a leading shareholder in McKesson Corporation (NYSE: MCK) with 3.1 million shares worth more than $609 million.