Turtle Creek Asset Management - Q1 2023 holdings

$3.23 Billion is the total value of Turtle Creek Asset Management's 37 reported holdings in Q1 2023. The portfolio turnover from Q4 2022 to Q1 2023 was 12.1% .

 Value Shares↓ Weighting
BERY SellBERRY GLOBAL GROUP$337,192,487
-10.4%
5,724,830
-8.1%
10.45%
-21.3%
KMX BuyCARMAX INC$197,702,075
+11.2%
3,075,639
+5.3%
6.12%
-2.3%
MIDD BuyMIDDLEBY CORP$181,242,507
+10.2%
1,236,222
+0.6%
5.62%
-3.2%
JELD BuyJELD-WEN HOLDINGS INC$176,605,987
+33.0%
13,949,920
+1.4%
5.47%
+16.9%
TFII SellTFI INTERNATIONAL INC$169,947,214
+7.5%
1,424,656
-9.6%
5.26%
-5.5%
GIL BuyGILDAN ACTIVEWEAR INC$165,141,790
+28.3%
4,975,649
+6.0%
5.12%
+12.8%
IR SellINGERSOLL-RAND INC$156,522,236
+8.6%
2,690,310
-2.5%
4.85%
-4.6%
ADS BuyBREAD FINANCIAL HOLDINGS INC$149,926,639
-6.7%
4,944,810
+15.9%
4.64%
-18.0%
SSNC BuySS&C TECHNOLOGIES HOLDINGS INC$149,755,278
+10.0%
2,651,944
+1.4%
4.64%
-3.4%
URBN SellURBAN OUTFITTERS INC$143,935,906
+14.9%
5,192,493
-1.1%
4.46%
+1.0%
OTEX SellOPEN TEXT CORP$139,508,942
+10.6%
3,618,909
-14.9%
4.32%
-2.8%
BC SellBRUNSWICK CORP$127,587,736
+13.2%
1,555,948
-0.5%
3.95%
-0.5%
DFS BuyDISCOVER FINANCIAL SERVICES$121,652,766
+24.6%
1,230,805
+23.3%
3.77%
+9.5%
MGA BuyMAGNA INTERNATIONAL INC$117,507,349
-3.0%
2,193,529
+1.7%
3.64%
-14.8%
BWA SellBORGWARNER INC$114,311,333
+5.1%
2,327,659
-13.8%
3.54%
-7.6%
CIGI BuyCOLLIERS INTERNATIONAL GROUP INC$113,465,195
+24.8%
1,074,990
+8.8%
3.52%
+9.7%
SCI BuySERVICE CORP INTERNATIONAL$110,555,253
+17.2%
1,607,375
+17.8%
3.42%
+3.0%
FND BuyFLOOR & DECOR$109,953,361
+44.2%
1,119,460
+2.2%
3.41%
+26.7%
ECPG BuyENCORE CAPITAL GROUP INC$105,968,510
+46.6%
2,100,466
+39.3%
3.28%
+28.8%
EEFT SellEURONET WORLDWIDE INC$86,997,886
+1.9%
777,461
-14.0%
2.70%
-10.4%
JBT BuyJOHN BEAN TECHNOLOGIES CORP$85,349,916
+34.0%
780,949
+12.0%
2.64%
+17.8%
CE BuyCELANESE$80,944,035
+20.3%
743,356
+13.0%
2.51%
+5.7%
VNT BuyVONTIER$65,661,603
+5807.6%
2,401,668
+4076.8%
2.03%
+5115.4%
KNX BuyKNIGHT-SWIFT TRANSPORTATION$4,066,009
+9.6%
71,863
+1.5%
0.13%
-3.8%
RVLV SellREVOLVE GROUP INC$3,332,184
+16.7%
126,699
-1.2%
0.10%
+2.0%
OSK SellOSHKOSH CORP$2,932,095
-7.1%
35,250
-1.5%
0.09%
-18.0%
CVS BuyCVS HEALTH CORP$2,374,205
+367.5%
31,950
+486.2%
0.07%
+311.1%
BLDR BuyBUILDERS FIRSTSOURCE INC.$1,913,209
+99.9%
21,550
+46.1%
0.06%
+73.5%
WFG BuyWEST FRASER TIMBER CO. LTD.$1,577,966
+36.9%
22,150
+38.9%
0.05%
+19.5%
SellBRP INC.$1,544,450
+2.2%
19,750
-0.3%
0.05%
-9.4%
FISV BuyFISERV$1,209,421
+343.2%
10,700
+296.3%
0.04%
+270.0%
PBH BuyPRESTIGE CONSUMER HEALTHCARE$958,239
+173.3%
15,300
+173.2%
0.03%
+150.0%
SYF BuySYNCHRONY FINANCIAL$316,972
+41.9%
10,900
+60.3%
0.01%
+25.0%
PNTG NewPENNANT GROUP$102,8167,200
+100.0%
0.00%
NewLULU S FASHION LOUNGE$66,64028,000
+100.0%
0.00%
NewDOCEBO INC$36,666900
+100.0%
0.00%
TNC NewTENNANT$41,118600
+100.0%
0.00%
Original filings

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

  • View 13F-HR filed 2023-05-15
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 Q1 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-HR2024-05-15
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

View Turtle Creek Asset Management's complete filings history.

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Export Turtle Creek Asset Management's holdings