Black Creek Investment Management Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 11, 2025), Black Creek Investment Management Inc. reported 26 stock positions worth $2.2 billion. Its top holding was Elanco Animal Health (ELAN) at 12.7% of the portfolio, followed by Hologic (HOLX, 12.1%) and Nice Ltd. - Spon ADR (NICE, 11.0%). Compared with Q1 2025, it opened 2 new positions, added to 8 and reduced 14. The biggest buy was Hologic (HOLX, shares +26%) and the biggest sale Nutrien (NTR, shares −59%).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0001528593
- Portfolio Value
- $2.2B (Q2 2025)
- SEC Filing
- 0001821268-25-000186 ↗ filed Aug 11, 2025
Holdings Value
Holdings 26 stocks · $2.2B
| ELAN Elanco Animal Health Inc. | 12.71% | 19,250,840 | $274.9M | Reduce -12.7% |
| HOLX Hologic Inc. | 12.13% | 4,027,829 | $262.5M | Add +26.1% |
| NICE Nice Ltd. - Spon ADR | 10.99% | 1,407,296 | $237.7M | Reduce -14.3% |
| BAH Booz Allen Hamilton Holdings | 8.71% | 1,809,451 | $188.4M | Add +0.3% |
| PSMT Pricesmart Inc. | 8.44% | 1,737,955 | $182.6M | Reduce -8.6% |
| PYPL PayPal Holdings Inc. | 7.99% | 2,325,631 | $172.8M | Reduce -14.6% |
| BIDU Baidu Inc. - Spon ADR | 7.11% | 1,792,434 | $153.7M | Reduce -13.1% |
| GRFS Grifols SA-ADR | 5.25% | 12,569,638 | $113.6M | Reduce -1.0% |
| FCN Fti Consulting Inc. | 5.21% | 697,890 | $112.7M | Reduce -15.8% |
| BF.B Brown-Forman Corp. Class B | 4.60% | 3,701,877 | $99.6M | Add +185.6% |
| NTR Nutrien Ltd. | 4.04% | 1,504,757 | $87.5M | Reduce -58.5% |
| FMX Fomento Economico Mex-SP ADR | 3.82% | 803,181 | $82.7M | Reduce -19.0% |
| CDW CDW Corp. | 3.02% | 366,115 | $65.4M | Add +17.0% |
| ARMK Aramark | 1.31% | 679,019 | $28.4M | Reduce -1.4% |
| UBER Uber Technologies Inc. | 0.99% | 228,608 | $21.3M | Reduce -7.4% |
| GOOGL Alphabet Inc. Class A | 0.93% | 114,611 | $20.2M | Reduce -8.3% |
| FISV Fiserv Inc. | 0.87% | 109,091 | $18.8M | Add +48.8% |
| LRCX Lam Research Corp. | 0.53% | 118,269 | $11.5M | Add +358.7% |
| COR Cencora Inc. | 0.51% | 37,140 | $11.1M | Reduce -26.9% |
| FIGS Figs Inc. Class A | 0.37% | 1,418,691 | $8.0M | Add +18.9% |
| IBN Icici Bank Ltd.-Spon ADR | 0.15% | 98,248 | $3.3M | Reduce -80.1% |
| BWA Borgwarner Inc. | 0.12% | 76,000 | $2.5M | No change |
| ARCO Arcos Dorados Holdings Inc. Class A | 0.10% | 270,000 | $2.1M | No change |
| CRTO Criteo SA-Spon | 0.06% | 51,733 | $1.2M | Add +60.5% |
| TXN Texas Instruments Inc. | 0.03% | 2,904 | $603K | New |
| CX Cemex Sab-Spons ADR Part Cer | 0.01% | 15,859 | $110K | New |
Portfolio Sells Q1 2025 → Q2 2025
| NTR Nutrien Ltd. | Reduce -58.5% | 4.04% | −4.44 |
| BIDU Baidu Inc. - Spon ADR | Reduce -13.1% | 7.11% | −1.84 |
| FCN Fti Consulting Inc. | Reduce -15.8% | 5.21% | −1.20 |
| NICE Nice Ltd. - Spon ADR | Reduce -14.3% | 10.99% | −0.95 |
| FMX Fomento Economico Mex-SP ADR | Reduce -19.0% | 3.82% | −0.73 |
| IBN Icici Bank Ltd.-Spon ADR | Reduce -80.1% | 0.15% | −0.58 |
| PYPL PayPal Holdings Inc. | Reduce -14.6% | 7.99% | −0.39 |
| COR Cencora Inc. | Reduce -26.9% | 0.51% | −0.15 |
| GOOGL Alphabet Inc. Class A | Reduce -8.3% | 0.93% | +0.02 |
| UBER Uber Technologies Inc. | Reduce -7.4% | 0.99% | +0.14 |
| ARMK Aramark | Reduce -1.4% | 1.31% | +0.19 |
| PSMT Pricesmart Inc. | Reduce -8.6% | 8.44% | +0.57 |
| GRFS Grifols SA-ADR | Reduce -1.0% | 5.25% | +1.00 |
| ELAN Elanco Animal Health Inc. | Reduce -12.7% | 12.71% | +1.80 |
Portfolio Buys Q1 2025 → Q2 2025
| HOLX Hologic Inc. | Add +26.1% | 12.13% | +2.83 |
| BF.B Brown-Forman Corp. Class B | Add +185.6% | 4.60% | +2.53 |
| CDW CDW Corp. | Add +17.0% | 3.02% | +0.66 |
| LRCX Lam Research Corp. | Add +358.7% | 0.53% | +0.44 |
| FIGS Figs Inc. Class A | Add +18.9% | 0.37% | +0.11 |
| FISV Fiserv Inc. | Add +48.8% | 0.87% | +0.11 |
| TXN Texas Instruments Inc. | New | 0.03% | +0.03 |
| CX Cemex Sab-Spons ADR Part Cer | New | 0.01% | +0.01 |
| CRTO Criteo SA-Spon | Add +60.5% | 0.06% | +0.00 |
| BAH Booz Allen Hamilton Holdings | Add +0.3% | 8.71% | −0.18 |
Notes & Other Activity Q1 2025 → Q2 2025
| VAREX IMAGING CORPORATIO (VREX 4 06/01/25) | NOTE 4.000% 6/0 · principal | Sold out | 9,775,000 | $9.7Mbefore exit |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | NOTE 0.750% 5/0 · principal | Sold out | 100,000 | $246Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
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 |