Turiya Advisors Dumps 479,000 CoreCivic Shares, Trims Position by $9.75M

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Turiya Advisors sold its entire 479,000-share CoreCivic stake in Q4, reducing its position value by $9.75 million. The divestment came despite CoreCivic reporting $604 million in quarterly revenue.

1. Turiya Advisors Stake Liquidation

In Q4, Turiya Advisors fully exited its CoreCivic position by selling 479,000 shares, a move that cut its quarter-end holding value by $9.75 million. The sale wiped out the fund’s entire exposure to the company in a single transaction.

2. Revenue Context of the Exit

CoreCivic reported $604 million in revenue for the same quarter, marking solid top-line performance. The fund’s exit suggests its decision was driven by factors other than the prison operator’s recent revenue strength, signaling potential strategic or valuation concerns.

Sources

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