Black Creek Investment Management Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Black Creek Investment Management Inc. reported 25 stock positions worth $2.1 billion. Its top holding was Nice Ltd. - Spon ADR (NICE) at 14.5% of the portfolio, followed by Elanco Animal Health (ELAN, 11.8%) and PayPal (PYPL, 11.3%). Compared with Q3 2024, it opened 1 new position, sold out of 3, added to 9 and reduced 11. The biggest buy was Fti Consulting (FCN, shares +166%) and the biggest sale an exit from Interpublic Group of Cos (IPG).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0001528593
- Portfolio Value
- $2.1B (Q4 2024)
- SEC Filing
- 0001821268-25-000067 ↗ filed Feb 13, 2025
Holdings Value
Holdings 25 stocks · $2.1B
| NICE Nice Ltd. - Spon ADR | 14.45% | 1,790,628 | $304.1M | Reduce -7.5% |
| ELAN Elanco Animal Health Inc. | 11.76% | 20,434,653 | $247.5M | Reduce -4.1% |
| PYPL PayPal Holdings Inc. | 11.26% | 2,777,205 | $237.0M | Reduce -32.1% |
| NTR Nutrien Ltd. | 10.39% | 4,890,805 | $218.7M | Reduce -22.3% |
| BIDU Baidu Inc. - Spon ADR | 9.16% | 2,286,860 | $192.8M | Reduce -25.4% |
| HOLX Hologic Inc. | 7.95% | 2,320,590 | $167.3M | Reduce -12.8% |
| PSMT Pricesmart Inc. | 7.77% | 1,775,131 | $163.6M | Reduce -3.4% |
| FCN Fti Consulting Inc. | 5.93% | 652,980 | $124.8M | Add +166.1% |
| BAH Booz Allen Hamilton Holdings | 5.91% | 967,191 | $124.5M | Add +43.0% |
| FMX Fomento Economico Mex-SP ADR | 4.08% | 1,004,674 | $85.9M | Reduce -0.9% |
| GRFS Grifols SA-ADR | 3.98% | 11,251,960 | $83.7M | Add +1.3% |
| ARMK Aramark | 1.10% | 617,830 | $23.1M | Add +5.1% |
| CDW CDW Corp. | 1.09% | 132,300 | $23.0M | New |
| GOOGL Alphabet Inc. Class A | 1.03% | 114,686 | $21.7M | Add +4.9% |
| IBN Icici Bank Ltd.-Spon ADR | 0.97% | 681,967 | $20.4M | Reduce -15.9% |
| UBER Uber Technologies Inc. | 0.70% | 244,385 | $14.7M | Add +43.3% |
| FISV Fiserv Inc. | 0.60% | 61,418 | $12.6M | Add +511.9% |
| TMUS T-Mobile US Inc. | 0.50% | 47,207 | $10.4M | Reduce -26.2% |
| COR Cencora Inc. | 0.38% | 35,225 | $7.9M | Add +22.4% |
| MTCH Match Group Inc. | 0.35% | 225,000 | $7.4M | No change |
| FIGS Figs Inc. Class A | 0.35% | 1,175,097 | $7.3M | Add +8.6% |
| BWA Borgwarner Inc. | 0.09% | 60,000 | $1.9M | No change |
| DLTR Dollar Tree Inc. | 0.07% | 20,166 | $1.5M | Reduce -25.9% |
| ARCO Arcos Dorados Holdings Inc. Class A | 0.06% | 185,000 | $1.3M | No change |
| CRTO Criteo SA-Spon | 0.06% | 32,233 | $1.3M | No change |
Other holdings (2): bonds, preferreds, convertibles and warrants · $10.0M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| VAREX IMAGING CORPORATIO (VREX 4 06/01/25) | NOTE 4.000% 6/0 · principal | 9,775,000 | $9.7M | No change |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | NOTE 0.750% 5/0 · principal | 100,000 | $264K | No change |
Total filed on the 13F, all lines: $2.1B.
Portfolio Sells Q3 2024 → Q4 2024
| IPG Interpublic Group of Cos Inc. | Sold out | 0.00% | −8.48 |
| ZBRA Zebra Technologies Corp. Class A | Sold out | 0.00% | −4.15 |
| BIDU Baidu Inc. - Spon ADR | Reduce -25.4% | 9.16% | −2.27 |
| NTR Nutrien Ltd. | Reduce -22.3% | 10.39% | −0.33 |
| PYPL PayPal Holdings Inc. | Reduce -32.1% | 11.26% | −0.04 |
| MORN Morningstar Inc. | Sold out | 0.00% | −0.03 |
| DLTR Dollar Tree Inc. | Reduce -25.9% | 0.07% | +0.00 |
| TMUS T-Mobile US Inc. | Reduce -26.2% | 0.50% | +0.03 |
| IBN Icici Bank Ltd.-Spon ADR | Reduce -15.9% | 0.97% | +0.11 |
| HOLX Hologic Inc. | Reduce -12.8% | 7.95% | +0.27 |
| FMX Fomento Economico Mex-SP ADR | Reduce -0.9% | 4.08% | +0.54 |
| ELAN Elanco Animal Health Inc. | Reduce -4.1% | 11.76% | +0.68 |
| PSMT Pricesmart Inc. | Reduce -3.4% | 7.77% | +1.80 |
| NICE Nice Ltd. - Spon ADR | Reduce -7.5% | 14.45% | +2.54 |
Portfolio Buys Q3 2024 → Q4 2024
| FCN Fti Consulting Inc. | Add +166.1% | 5.93% | +3.95 |
| BAH Booz Allen Hamilton Holdings | Add +43.0% | 5.91% | +2.02 |
| CDW CDW Corp. | New | 1.09% | +1.09 |
| FISV Fiserv Inc. | Add +511.9% | 0.60% | +0.54 |
| GRFS Grifols SA-ADR | Add +1.3% | 3.98% | +0.48 |
| GOOGL Alphabet Inc. Class A | Add +4.9% | 1.03% | +0.39 |
| ARMK Aramark | Add +5.1% | 1.10% | +0.29 |
| UBER Uber Technologies Inc. | Add +43.3% | 0.70% | +0.25 |
| COR Cencora Inc. | Add +22.4% | 0.38% | +0.15 |
| FIGS Figs Inc. Class A | Add +8.6% | 0.35% | +0.08 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 27 | $1.8B | ELAN, FCN, PSMT, EXP, BAH |
| Q1 2026 | 25 | $1.9B | ELAN, BAH, FCN, PSMT, EXP |
| Q4 2025 | 27 | $2.0B | ELAN, BAH, PSMT, PYPL, FCN |
| Q3 2025 | 28 | $2.1B | HOLX, ELAN, BAH, PSMT, PYPL |
| Q2 2025 | 26 | $2.2B | ELAN, HOLX, NICE, BAH, PSMT |
| Q1 2025 | 24 | $2.1B | NICE, ELAN, HOLX, BIDU, BAH |
| Q4 2024 | 25 | $2.1B | NICE, ELAN, PYPL, NTR, BIDU |
| Q3 2024 | 27 | $2.8B | NICE, BIDU, PYPL, ELAN, NTR |
| Q2 2024 | 32 | $2.7B | IPG, NTR, ELAN, BIDU, PYPL |
| Q1 2024 | 35 | $3.3B | BIDU, IPG, ELAN, NTR, PYPL |