Turtle Creek Asset Management - Q3 2023 holdings

$3.5 Billion is the total value of Turtle Creek Asset Management's 39 reported holdings in Q3 2023. The portfolio turnover from Q2 2023 to Q3 2023 was 13.2% .

 Value Shares↓ Weighting
BERY SellBERRY GLOBAL GROUP$290,223,555
-7.3%
4,687,830
-3.7%
8.29%
-7.7%
ADS  BREAD FINANCIAL HOLDINGS INC$198,290,266
+9.0%
5,797,9610.0%5.66%
+8.5%
MIDD BuyMIDDLEBY CORP$193,153,920
+0.9%
1,509,015
+16.5%
5.52%
+0.5%
JELD  JELD-WEN HOLDINGS INC$186,370,931
-23.8%
13,949,9200.0%5.32%
-24.1%
KMX BuyCARMAX INC$173,724,126
-9.8%
2,456,159
+6.7%
4.96%
-10.2%
TFII SellTFI INTERNATIONAL INC$168,622,362
-3.9%
1,313,156
-14.7%
4.82%
-4.3%
GIL BuyGILDAN ACTIVEWEAR INC$160,280,194
-5.3%
5,722,249
+9.0%
4.58%
-5.6%
IR SellINGERSOLL-RAND INC$152,483,872
-6.7%
2,393,030
-4.3%
4.35%
-7.1%
SSNC BuySS&C TECHNOLOGIES HOLDINGS INC$149,683,518
-7.5%
2,848,944
+6.7%
4.27%
-7.8%
DFS BuyDISCOVER FINANCIAL SERVICES$140,106,699
+6.9%
1,617,300
+44.1%
4.00%
+6.4%
SCI BuySERVICE CORP INTERNATIONAL$136,877,442
+27.1%
2,395,475
+43.6%
3.91%
+26.6%
BC BuyBRUNSWICK CORP$132,898,066
-1.4%
1,682,254
+8.1%
3.80%
-1.8%
CIGI BuyCOLLIERS INTERNATIONAL GROUP INC$129,932,716
+0.0%
1,364,123
+3.1%
3.71%
-0.4%
CVS BuyCVS HEALTH CORP$127,529,721
+3563.9%
1,826,550
+3527.7%
3.64%
+3542.0%
OTEX BuyOPEN TEXT CORP$126,793,415
-5.1%
3,612,348
+12.3%
3.62%
-5.5%
FND BuyFLOOR & DECOR$114,008,280
-2.1%
1,259,760
+12.5%
3.26%
-2.4%
MGA SellMAGNA INTERNATIONAL INC$106,710,919
-12.5%
1,990,504
-7.9%
3.05%
-12.9%
VNT BuyVONTIER$104,872,508
-1.8%
3,391,737
+2.3%
3.00%
-2.2%
ECPG BuyENCORE CAPITAL GROUP INC$103,648,083
-1.5%
2,170,186
+0.3%
2.96%
-1.9%
BuyATS CORP$102,670,728
-4.4%
2,408,980
+3.4%
2.93%
-4.7%
BWA BuyBORGWARNER INC$96,111,281
-14.9%
2,380,760
+3.1%
2.74%
-15.3%
EEFT BuyEURONET WORLDWIDE INC$94,855,131
+11.0%
1,194,950
+64.2%
2.71%
+10.7%
CE BuyCELANESE$94,197,237
+8.7%
750,456
+0.2%
2.69%
+8.2%
URBN SellURBAN OUTFITTERS INC$87,268,799
-15.8%
2,669,587
-14.7%
2.49%
-16.2%
JBT BuyJOHN BEAN TECHNOLOGIES CORP$78,662,173
-3.4%
748,166
+11.5%
2.25%
-3.8%
RVLV BuyREVOLVE GROUP INC$23,444,858
+261.7%
1,722,620
+335.9%
0.67%
+259.7%
KNX BuyKNIGHT-SWIFT TRANSPORTATION$9,130,459
+29.8%
182,063
+43.8%
0.26%
+29.2%
NewPHINIA INC$5,481,207204,599
+100.0%
0.16%
SEE NewSEALED AIR CORP$4,388,453133,550
+100.0%
0.12%
BuyBRP INC.$3,197,499
+54.0%
42,150
+71.7%
0.09%
+51.7%
BLDR BuyBUILDERS FIRSTSOURCE INC.$1,886,024
+2.7%
15,150
+12.2%
0.05%
+1.9%
WFG BuyWEST FRASER TIMBER CO. LTD.$1,606,761
-10.8%
22,150
+5.7%
0.05%
-11.5%
FISV BuyFISERV$1,524,960
-0.1%
13,500
+11.6%
0.04%0.0%
SYF BuySYNCHRONY FINANCIAL$756,608
+19.6%
24,750
+32.7%
0.02%
+22.2%
PNTG BuyPENNANT GROUP$198,181
+30.1%
17,806
+43.6%
0.01%
+50.0%
AVNW NewAVIAT NETWORKS$124,8004,000
+100.0%
0.00%
TNC BuyTENNANT$96,395
-1.0%
1,300
+8.3%
0.00%0.0%
 LULU S FASHION LOUNGE$110,550
-20.6%
55,0000.0%0.00%
-25.0%
SellDOCEBO INC$52,676
-25.8%
1,300
-27.8%
0.00%0.0%
PBH ExitPRESTIGE CONSUMER HEALTHCARE$0-19,500
-100.0%
-0.03%
OSK ExitOSHKOSH CORP$0-34,450
-100.0%
-0.09%
Original filings

The following EDGAR filing(s) were analyzed to create this report:

  • View 13F-HR filed 2023-11-14
Signatures

The EDGAR filing(s) were signed by:

About Turtle Creek Asset Management

Turtle Creek Asset Management is a Canadian investment management firm that was founded in 1992. The company is headquartered in Toronto and manages over $2 billion in assets for high net worth individuals, families, and institutions. The firm's investment philosophy is centered around long-term value investing, with a focus on high-quality companies that have sustainable competitive advantages.

One of the key figures at Turtle Creek Asset Management is CEO and Chief Investment Officer, Richard C. Brekka. Brekka has been with the firm since its inception and has over 30 years of experience in the investment industry. He is responsible for overseeing the firm's investment strategy and portfolio management.

Another important member of the Turtle Creek team is COO and Portfolio Manager, John D. Wallace. Wallace has been with the firm since 2001 and has over 25 years of experience in the investment industry. He is responsible for overseeing the firm's operations and also manages the firm's Canadian equity portfolio.

Turtle Creek Asset Management has a strong track record of delivering consistent, long-term returns for its clients. The firm's investment approach is disciplined and focused, with a strong emphasis on risk management. While the firm's investment strategy may not be suitable for all investors, those who are looking for a long-term, value-oriented approach to investing may find Turtle Creek Asset Management to be a good fit for their needs.

It's important to note that this information is for educational purposes only and has not been fact-checked. As with any investment, it's important to do your own research and consult with a financial advisor before making any investment decisions.

Top long-term holdings
NameQuarters ownedLatest quarter ownedMax weighting
GILDAN ACTIVEWEAR INC37Q3 202333.0%
OPEN TEXT CORP37Q3 202325.5%
BORGWARNER INC31Q3 202312.4%
SS&C TECHNOLOGIES HOLDINGS INC30Q3 202310.4%
SERVICE CORP INTERNATIONAL26Q3 20236.1%
BREAD FINANCIAL HOLDINGS INC26Q3 20236.0%
TJX COMPANIES INC26Q2 20216.0%
PRA GROUP INC25Q3 202218.9%
MIDDLEBY CORP25Q3 202310.8%
URBAN OUTFITTERS, INC.25Q3 20237.7%

View Turtle Creek Asset Management's complete holdings history.

Latest significant ownerships (13-D/G)
Turtle Creek Asset Management Q3 2023 significant holdings filed using form 13D/G when ownership exceeds 5% of a company's total stock issue.
FiledShares Percentage
PRA GROUP INCSold outFebruary 14, 202300.0%
NETSCOUT SYSTEMS INCFebruary 14, 20191,971,1462.5%
MITEL NETWORKS CORPSold outFebruary 09, 201800.0%
SIERRA WIRELESS INCJanuary 31, 20131,408,9444.6%

View Turtle Creek Asset Management's complete significant-ownership history.

Latest filings
TypeFiled
13F-HR2024-02-14
SC 13G/A2024-02-14
SC 13G/A2024-02-14
SC 13G/A2024-02-14
SC 13G/A2024-02-14
SC 13G/A2024-02-14
42024-02-13
42024-01-29
42024-01-26
42024-01-23

View Turtle Creek Asset Management's complete filings history.

Compare quarters

Export Turtle Creek Asset Management's holdings