Black Creek Investment Management Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Black Creek Investment Management Inc. reported 28 stock positions worth $2.1 billion. Its top holding was Hologic (HOLX) at 11.9% of the portfolio, followed by Elanco Animal Health (ELAN, 11.9%) and Booz Allen Hamilton (BAH, 9.8%). Compared with Q2 2025, it opened 2 new positions, added to 11 and reduced 14. The biggest buy was Nutrien (NTR, shares +57%) and the biggest sale Nice Ltd. - Spon ADR (NICE, shares −39%).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0001528593
- Portfolio Value
- $2.1B (Q3 2025)
- SEC Filing
- 0001821268-25-000233 ↗ filed Nov 12, 2025
Holdings Value
Holdings 28 stocks · $2.1B
| HOLX Hologic Inc. | 11.91% | 3,743,345 | $252.6M | Reduce -7.1% |
| ELAN Elanco Animal Health Inc. | 11.85% | 12,482,461 | $251.4M | Reduce -35.2% |
| BAH Booz Allen Hamilton Holdings | 9.84% | 2,088,476 | $208.7M | Add +15.4% |
| PSMT Pricesmart Inc. | 9.75% | 1,705,752 | $206.7M | Reduce -1.9% |
| PYPL PayPal Holdings Inc. | 8.71% | 2,753,212 | $184.6M | Add +18.4% |
| NTR Nutrien Ltd. | 6.56% | 2,367,244 | $139.1M | Add +57.3% |
| BF.B Brown-Forman Corp. Class B | 5.84% | 4,573,642 | $123.9M | Add +23.6% |
| NICE Nice Ltd. - Spon ADR | 5.84% | 855,281 | $123.8M | Reduce -39.2% |
| FCN Fti Consulting Inc. | 5.11% | 670,242 | $108.3M | Reduce -4.0% |
| CDW CDW Corp. | 5.03% | 670,253 | $106.8M | Add +83.1% |
| BIDU Baidu Inc. - Spon ADR | 4.93% | 793,718 | $104.6M | Reduce -55.7% |
| GRFS Grifols SA-ADR | 4.72% | 10,045,957 | $100.1M | Reduce -20.1% |
| FMX Fomento Economico Mex-SP ADR | 3.56% | 764,751 | $75.4M | Reduce -4.8% |
| ARMK Aramark | 1.20% | 662,716 | $25.4M | Reduce -2.4% |
| GOOGL Alphabet Inc. Class A | 1.04% | 90,527 | $22.0M | Reduce -21.0% |
| UBER Uber Technologies Inc. | 0.93% | 200,529 | $19.6M | Reduce -12.3% |
| FISV Fiserv Inc. | 0.85% | 139,160 | $17.9M | Add +27.6% |
| COR Cencora Inc. | 0.63% | 42,991 | $13.4M | Add +15.8% |
| LRCX Lam Research Corp. | 0.63% | 100,112 | $13.4M | Reduce -15.3% |
| FIGS Figs Inc. Class A | 0.45% | 1,434,691 | $9.6M | Add +1.1% |
| BWA Borgwarner Inc. | 0.15% | 70,000 | $3.1M | Reduce -7.9% |
| IBN Icici Bank Ltd.-Spon ADR | 0.12% | 84,771 | $2.6M | Reduce -13.7% |
| CX Cemex Sab-Spons ADR Part Cer | 0.11% | 270,740 | $2.4M | Add +1607.2% |
| ARCO Arcos Dorados Holdings Inc. Class A | 0.09% | 295,000 | $2.0M | Add +9.3% |
| CRTO Criteo SA-Spon | 0.07% | 64,733 | $1.5M | Add +25.1% |
| QCOM Qualcomm Inc. | 0.03% | 3,246 | $540K | New |
| TXN Texas Instruments Inc. | 0.03% | 2,904 | $534K | No change |
| IT Gartner Inc. | 0.02% | 1,980 | $520K | New |
Portfolio Sells Q2 2025 → Q3 2025
| NICE Nice Ltd. - Spon ADR | Reduce -39.2% | 5.84% | −5.15 |
| BIDU Baidu Inc. - Spon ADR | Reduce -55.7% | 4.93% | −2.17 |
| ELAN Elanco Animal Health Inc. | Reduce -35.2% | 11.85% | −0.85 |
| GRFS Grifols SA-ADR | Reduce -20.1% | 4.72% | −0.53 |
| FMX Fomento Economico Mex-SP ADR | Reduce -4.8% | 3.56% | −0.27 |
| HOLX Hologic Inc. | Reduce -7.1% | 11.91% | −0.22 |
| ARMK Aramark | Reduce -2.4% | 1.20% | −0.11 |
| FCN Fti Consulting Inc. | Reduce -4.0% | 5.11% | −0.10 |
| UBER Uber Technologies Inc. | Reduce -12.3% | 0.93% | −0.06 |
| IBN Icici Bank Ltd.-Spon ADR | Reduce -13.7% | 0.12% | −0.03 |
| BWA Borgwarner Inc. | Reduce -7.9% | 0.15% | +0.03 |
| LRCX Lam Research Corp. | Reduce -15.3% | 0.63% | +0.10 |
| GOOGL Alphabet Inc. Class A | Reduce -21.0% | 1.04% | +0.10 |
| PSMT Pricesmart Inc. | Reduce -1.9% | 9.75% | +1.31 |
Portfolio Buys Q2 2025 → Q3 2025
| NTR Nutrien Ltd. | Add +57.3% | 6.56% | +2.51 |
| CDW CDW Corp. | Add +83.1% | 5.03% | +2.01 |
| BF.B Brown-Forman Corp. Class B | Add +23.6% | 5.84% | +1.24 |
| BAH Booz Allen Hamilton Holdings | Add +15.4% | 9.84% | +1.13 |
| PYPL PayPal Holdings Inc. | Add +18.4% | 8.71% | +0.72 |
| COR Cencora Inc. | Add +15.8% | 0.63% | +0.12 |
| CX Cemex Sab-Spons ADR Part Cer | Add +1607.2% | 0.11% | +0.11 |
| FIGS Figs Inc. Class A | Add +1.1% | 0.45% | +0.08 |
| QCOM Qualcomm Inc. | New | 0.03% | +0.03 |
| IT Gartner Inc. | New | 0.02% | +0.02 |
| CRTO Criteo SA-Spon | Add +25.1% | 0.07% | +0.01 |
| ARCO Arcos Dorados Holdings Inc. Class A | Add +9.3% | 0.09% | −0.00 |
| FISV Fiserv Inc. | Add +27.6% | 0.85% | −0.02 |
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 |