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