Monument Capital Sells Off Entire $4.2M Stake in Grand Canyon Education

In a significant portfolio shift, Monument Capital Management has liquidated its entire investment in Grand Canyon Education Inc., according to a recent filing with the Securities and Exchange Commission. The transaction, valued at approximately $4.2 million, saw the sale of 19,133 shares during the fourth quarter of 2025, reducing the fund's stake in the company to zero.

The sale represents a full exit from a position that previously constituted about 1.05% of Monument's 13F assets under management. Grand Canyon Education, which provides technology and operational support to universities—with a particular focus on healthcare education programs—has seen its stock price struggle recently. While shares traded at $177.99 as of late January, marking a 3.92% gain over the past year, this performance has lagged the S&P 500 by more than nine percentage points.

Analysts note the timing is notable. Grand Canyon's stock has faced pressure following a third-quarter earnings report that disappointed investors, partly due to increased legal reserves. The company is contending with lawsuits related to its compensation practices. Despite these headwinds, Grand Canyon has reported consistent revenue growth, near 10% last quarter, and has delivered a robust 15.1% compound annual growth rate over the past five years.

"Monument's exit is a clear signal of risk reassessment," said market analyst David Chen of FinSight Partners. "While Grand Canyon's core business in education services remains solid, the legal overhang creates uncertainty that some institutional investors are no longer willing to tolerate, especially when broader market returns are stronger."

The move has sparked debate among retail investors and commentators.

Michael Rodriguez, a portfolio manager focused on the education sector, offered a measured view: "This is one fund's decision. The underlying demand for outsourced university services, particularly in healthcare training, is structural. For long-term investors, the current volatility might present a valuation opportunity."

In contrast, Sarah Jenkins, a financial blogger known for her blunt commentary, reacted sharply: "It's a total vote of no confidence. When a fund dumps a full position worth millions, it's not 'portfolio rebalancing'—it's a retreat. The legal issues are a symptom of deeper governance problems. Investors should follow Monument's lead and get out before more bad news hits."

Professor Arjun Mehta, who teaches finance at a midwestern university, provided broader context: "This transaction highlights the heightened scrutiny on the for-profit education services sector. Regulatory and legal challenges are increasing the cost of capital and prompting investors to be more selective. It's a pivotal moment for companies like Grand Canyon to demonstrate their resilience."

The SEC filing offers a snapshot of Monument's repositioning but leaves the investment thesis for Grand Canyon Education as a point of contention between seeing a troubled stock or a temporarily discounted growth player.