$3.49 Billion is the total value of Turtle Creek Asset Management's 38 reported holdings in Q2 2023. The portfolio turnover from Q1 2023 to Q2 2023 was 2.7% .
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| BERY | Sell | BERRY GLOBAL GROUP | $313,192,965 | -7.1% | 4,867,780 | -15.0% | 8.98% | -14.1% |
| JELD | JELD-WEN HOLDINGS INC | $244,681,597 | +38.5% | 13,949,920 | 0.0% | 7.01% | +28.2% | |
| KMX | Sell | CARMAX INC | $192,657,228 | -2.6% | 2,301,759 | -25.2% | 5.52% | -9.8% |
| MIDD | Buy | MIDDLEBY CORP | $191,487,451 | +5.7% | 1,295,322 | +4.8% | 5.49% | -2.2% |
| ADS | Buy | BREAD FINANCIAL HOLDINGS INC | $181,997,996 | +21.4% | 5,797,961 | +17.3% | 5.22% | +12.3% |
| TFII | Buy | TFI INTERNATIONAL INC | $175,493,386 | +3.3% | 1,539,956 | +8.1% | 5.03% | -4.5% |
| GIL | Buy | GILDAN ACTIVEWEAR INC | $169,237,400 | +2.5% | 5,249,299 | +5.5% | 4.85% | -5.2% |
| IR | Sell | INGERSOLL-RAND INC | $163,434,641 | +4.4% | 2,500,530 | -7.1% | 4.68% | -3.4% |
| SSNC | Buy | SS&C TECHNOLOGIES HOLDINGS INC | $161,810,726 | +8.1% | 2,670,144 | +0.7% | 4.64% | -0.0% |
| BC | Buy | BRUNSWICK CORP | $134,833,847 | +5.7% | 1,556,254 | +0.0% | 3.86% | -2.2% |
| OTEX | Sell | OPEN TEXT CORP | $133,670,879 | -4.2% | 3,217,109 | -11.1% | 3.83% | -11.3% |
| DFS | Sell | DISCOVER FINANCIAL SERVICES | $131,123,812 | +7.8% | 1,122,155 | -8.8% | 3.76% | -0.3% |
| CIGI | Buy | COLLIERS INTERNATIONAL GROUP INC | $129,909,298 | +14.5% | 1,323,040 | +23.1% | 3.72% | +5.9% |
| MGA | Sell | MAGNA INTERNATIONAL INC | $121,982,587 | +3.8% | 2,161,279 | -1.5% | 3.50% | -3.9% |
| FND | Buy | FLOOR & DECOR | $116,425,844 | +5.9% | 1,119,910 | +0.0% | 3.34% | -2.0% |
| BWA | Sell | BORGWARNER INC | $112,989,877 | -1.2% | 2,310,159 | -0.8% | 3.24% | -8.5% |
| SCI | Buy | SERVICE CORP INTERNATIONAL | $107,711,640 | -2.6% | 1,667,621 | +3.7% | 3.09% | -9.9% |
| New | ATS CORP | $107,349,648 | – | 2,329,131 | +100.0% | 3.08% | – | |
| VNT | Buy | VONTIER | $106,778,952 | +62.6% | 3,315,087 | +38.0% | 3.06% | +50.5% |
| ECPG | Buy | ENCORE CAPITAL GROUP INC | $105,227,585 | -0.7% | 2,164,286 | +3.0% | 3.02% | -8.1% |
| URBN | Sell | URBAN OUTFITTERS INC | $103,673,113 | -28.0% | 3,129,282 | -39.7% | 2.97% | -33.3% |
| CE | Buy | CELANESE | $86,694,365 | +7.1% | 748,656 | +0.7% | 2.48% | -0.9% |
| EEFT | Sell | EURONET WORLDWIDE INC | $85,417,309 | -1.8% | 727,761 | -6.4% | 2.45% | -9.2% |
| JBT | Sell | JOHN BEAN TECHNOLOGIES CORP | $81,426,628 | -4.6% | 671,283 | -14.0% | 2.33% | -11.7% |
| KNX | Buy | KNIGHT-SWIFT TRANSPORTATION | $7,034,618 | +73.0% | 126,613 | +76.2% | 0.20% | +60.3% |
| RVLV | Buy | REVOLVE GROUP INC | $6,481,264 | +94.5% | 395,199 | +211.9% | 0.19% | +80.6% |
| CVS | Buy | CVS HEALTH CORP | $3,480,696 | +46.6% | 50,350 | +57.6% | 0.10% | +35.1% |
| OSK | Sell | OSHKOSH CORP | $2,983,026 | +1.7% | 34,450 | -2.3% | 0.09% | -5.5% |
| Buy | BRP INC. | $2,076,930 | +34.5% | 24,550 | +24.3% | 0.06% | +25.0% | |
| BLDR | Sell | BUILDERS FIRSTSOURCE INC. | $1,836,000 | -4.0% | 13,500 | -37.4% | 0.05% | -10.2% |
| WFG | Sell | WEST FRASER TIMBER CO. LTD. | $1,801,281 | +14.2% | 20,950 | -5.4% | 0.05% | +6.1% |
| FISV | Buy | FISERV | $1,526,415 | +26.2% | 12,100 | +13.1% | 0.04% | +18.9% |
| PBH | Buy | PRESTIGE CONSUMER HEALTHCARE | $1,158,885 | +20.9% | 19,500 | +27.5% | 0.03% | +10.0% |
| SYF | Buy | SYNCHRONY FINANCIAL | $632,608 | +99.6% | 18,650 | +71.1% | 0.02% | +80.0% |
| PNTG | Buy | PENNANT GROUP | $152,272 | +48.1% | 12,400 | +72.2% | 0.00% | +33.3% |
| Buy | LULU S FASHION LOUNGE | $139,150 | +108.8% | 55,000 | +96.4% | 0.00% | +100.0% | |
| TNC | Buy | TENNANT | $97,332 | +136.7% | 1,200 | +100.0% | 0.00% | +200.0% |
| Buy | DOCEBO INC | $70,974 | +93.6% | 1,800 | +100.0% | 0.00% | +100.0% |
Original filings
The following EDGAR filing(s) were analyzed to create this report:
- View 13F-HR filed 2023-08-14
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
| Name | Quarters owned | Latest quarter owned | Max weighting |
|---|---|---|---|
| GILDAN ACTIVEWEAR INC | 36 | Q2 2023 | 33.0% |
| OPEN TEXT CORP | 36 | Q2 2023 | 25.5% |
| BORGWARNER INC | 30 | Q2 2023 | 12.4% |
| SS&C TECHNOLOGIES HOLDINGS INC | 29 | Q2 2023 | 10.4% |
| TJX COMPANIES INC | 26 | Q2 2021 | 6.0% |
| PRA GROUP INC | 25 | Q3 2022 | 18.9% |
| SERVICE CORP INTERNATIONAL | 25 | Q2 2023 | 6.1% |
| BREAD FINANCIAL HOLDINGS INC | 25 | Q2 2023 | 6.0% |
| MIDDLEBY CORP | 24 | Q2 2023 | 10.8% |
| URBAN OUTFITTERS, INC. | 24 | Q2 2023 | 7.7% |
View Turtle Creek Asset Management's complete holdings history.
Latest significant ownerships (13-D/G)
| Filed | Shares | Percentage | |
|---|---|---|---|
| BREAD FINANCIAL HOLDINGS, INC. | June 12, 2023 | 5,797,961 | 11.6% |
| BERRY GLOBAL GROUP, INC. | February 14, 2023 | 6,230,910 | 5.1% |
| ENCORE CAPITAL GROUP INC | February 14, 2023 | 1,507,560 | 6.4% |
| JELD-WEN Holding, Inc. | February 14, 2023 | 13,759,220 | 16.3% |
| PRA GROUP INCSold out | February 14, 2023 | 0 | 0.0% |
| URBAN OUTFITTERS INC | February 14, 2023 | 5,250,543 | 5.7% |
| NETSCOUT SYSTEMS INC | February 14, 2019 | 1,971,146 | 2.5% |
| MITEL NETWORKS CORPSold out | February 09, 2018 | 0 | 0.0% |
| SIERRA WIRELESS INC | January 31, 2013 | 1,408,944 | 4.6% |
View Turtle Creek Asset Management's complete significant-ownership history.
Latest filings
| Type | Filed |
|---|---|
| 13F-HR | 2023-08-14 |
| SC 13G/A | 2023-06-12 |
| 4 | 2023-06-01 |
| 4 | 2023-05-26 |
| 4 | 2023-05-19 |
| 4 | 2023-05-16 |
| 13F-HR | 2023-05-15 |
| 4 | 2023-05-11 |
| 3 | 2023-05-08 |
| 4 | 2023-05-08 |
View Turtle Creek Asset Management's complete filings history.
All filings
- Holdings (13F-HR)
- Significant ownership (13-D/G)
- Insider transactions (4, 5, 6)
- Events (8-K)
- Shareholder votes (proxy)
View complete filings history.