Top 5 Stocks To Buy According To Billionaire James Dinan

2. Enovix Corporation (NASDAQ:ENVX)

York Capital Management’s Stake Value: $139,802,000

Percentage of York Capital Management’s 13F Portfolio: 14.75%

Number of Hedge Fund Holders: 23

Enovix Corporation (NASDAQ:ENVX), which is a California-based manufacturer of lithium-ion batteries, is one of the top stocks to buy according to billionaire James Dinan. Dinan, via York Capital Management, holds a $139.8 million position in Enovix Corporation (NASDAQ:ENVX), which accounts for 14.75% of his total Q3 investments. 

On January 11, Piper Sandler analyst Greg Tuttle lowered the price target on Enovix Corporation (NASDAQ:ENVX) to $35 from $39 and kept an Overweight rating on the shares.

In Q3 2021, 23 hedge funds tracked by Insider Monkey were bullish on Enovix Corporation (NASDAQ:ENVX), holding stakes equaling $661.8 million. Park West Asset Management is the largest stakeholder of  Enovix Corporation (NASDAQ:ENVX) as of the close of the third quarter of 2021, with 12.7 million shares worth $228.7 million.