Black Creek Investment Management Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Black Creek Investment Management Inc. reported 27 stock positions worth $2.0 billion. Its top holding was Elanco Animal Health (ELAN) at 12.4% of the portfolio, followed by Booz Allen Hamilton (BAH, 10.5%) and Pricesmart (PSMT, 10.0%). Compared with Q3 2025, it opened 2 new positions, sold out of 3, added to 12 and reduced 13. The biggest buy was a new position in Eagle Materials (EXP) and the biggest sale an exit from Hologic (HOLX).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0001528593
- Portfolio Value
- $2.0B (Q4 2025)
- SEC Filing
- 0001821268-26-000037 ↗ filed Feb 13, 2026
Holdings Value
Holdings 27 stocks · $2.0B
| ELAN Elanco Animal Health Inc. | 12.42% | 11,061,216 | $250.3M | Reduce -11.4% |
| BAH Booz Allen Hamilton Holdings | 10.48% | 2,505,178 | $211.3M | Add +19.9% |
| PSMT Pricesmart Inc. | 9.97% | 1,638,619 | $201.0M | Reduce -3.9% |
| PYPL PayPal Holdings Inc. | 9.30% | 3,212,706 | $187.6M | Add +16.7% |
| FCN Fti Consulting Inc. | 9.09% | 1,072,250 | $183.2M | Add +60.0% |
| NTR Nutrien Ltd. | 7.83% | 2,553,108 | $157.8M | Add +7.8% |
| BF.B Brown-Forman Corp. Class B | 6.58% | 5,087,952 | $132.6M | Add +11.3% |
| BIDU Baidu Inc. - Spon ADR | 5.78% | 892,555 | $116.6M | Add +12.4% |
| EXP Eagle Materials Inc. | 5.15% | 502,120 | $103.8M | New |
| CDW CDW Corp. | 4.53% | 670,434 | $91.3M | Add +0.0% |
| GRFS Grifols SA-ADR | 4.29% | 9,257,127 | $86.6M | Reduce -7.8% |
| FMX Fomento Economico Mex-SP ADR | 3.60% | 717,562 | $72.5M | Reduce -6.2% |
| NICE Nice Ltd. - Spon ADR | 3.28% | 584,209 | $66.0M | Reduce -31.7% |
| CX Cemex Sab-Spons ADR Part Cer | 1.60% | 2,798,783 | $32.2M | Add +933.8% |
| ARMK Aramark | 1.20% | 657,185 | $24.2M | Reduce -0.8% |
| GOOGL Alphabet Inc. Class A | 1.10% | 70,595 | $22.1M | Reduce -22.0% |
| COR Cencora Inc. | 0.78% | 46,725 | $15.8M | Add +8.7% |
| UBER Uber Technologies Inc. | 0.76% | 187,689 | $15.3M | Reduce -6.4% |
| FIGS Figs Inc. Class A | 0.67% | 1,195,961 | $13.6M | Reduce -16.6% |
| LRCX Lam Research Corp. | 0.66% | 77,574 | $13.3M | Reduce -22.5% |
| FISV Fiserv Inc. | 0.47% | 140,299 | $9.4M | Add +0.8% |
| BWA Borgwarner Inc. | 0.13% | 57,000 | $2.6M | Reduce -18.6% |
| IT Gartner Inc. | 0.12% | 9,904 | $2.5M | Add +400.2% |
| ARCO Arcos Dorados Holdings Inc. Class A | 0.08% | 210,000 | $1.5M | Reduce -28.8% |
| CRTO Criteo SA-Spon | 0.07% | 72,733 | $1.5M | Add +12.4% |
| IBN Icici Bank Ltd.-Spon ADR | 0.05% | 34,683 | $1.0M | Reduce -59.1% |
| TMO Thermo Fisher Scientific Inc. | 0.02% | 600 | $348K | New |
Portfolio Sells Q3 2025 → Q4 2025
| HOLX Hologic Inc. | Sold out | 0.00% | −11.91 |
| NICE Nice Ltd. - Spon ADR | Reduce -31.7% | 3.28% | −2.56 |
| GRFS Grifols SA-ADR | Reduce -7.8% | 4.29% | −0.42 |
| UBER Uber Technologies Inc. | Reduce -6.4% | 0.76% | −0.17 |
| IBN Icici Bank Ltd.-Spon ADR | Reduce -59.1% | 0.05% | −0.07 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −0.03 |
| TXN Texas Instruments Inc. | Sold out | 0.00% | −0.03 |
| BWA Borgwarner Inc. | Reduce -18.6% | 0.13% | −0.02 |
| ARCO Arcos Dorados Holdings Inc. Class A | Reduce -28.8% | 0.08% | −0.02 |
| ARMK Aramark | Reduce -0.8% | 1.20% | +0.00 |
| LRCX Lam Research Corp. | Reduce -22.5% | 0.66% | +0.03 |
| FMX Fomento Economico Mex-SP ADR | Reduce -6.2% | 3.60% | +0.04 |
| GOOGL Alphabet Inc. Class A | Reduce -22.0% | 1.10% | +0.06 |
| FIGS Figs Inc. Class A | Reduce -16.6% | 0.67% | +0.22 |
| PSMT Pricesmart Inc. | Reduce -3.9% | 9.97% | +0.22 |
| ELAN Elanco Animal Health Inc. | Reduce -11.4% | 12.42% | +0.56 |
Portfolio Buys Q3 2025 → Q4 2025
| EXP Eagle Materials Inc. | New | 5.15% | +5.15 |
| FCN Fti Consulting Inc. | Add +60.0% | 9.09% | +3.98 |
| CX Cemex Sab-Spons ADR Part Cer | Add +933.8% | 1.60% | +1.48 |
| NTR Nutrien Ltd. | Add +7.8% | 7.83% | +1.27 |
| BIDU Baidu Inc. - Spon ADR | Add +12.4% | 5.78% | +0.85 |
| BF.B Brown-Forman Corp. Class B | Add +11.3% | 6.58% | +0.74 |
| BAH Booz Allen Hamilton Holdings | Add +19.9% | 10.48% | +0.64 |
| PYPL PayPal Holdings Inc. | Add +16.7% | 9.30% | +0.60 |
| COR Cencora Inc. | Add +8.7% | 0.78% | +0.15 |
| IT Gartner Inc. | Add +400.2% | 0.12% | +0.10 |
| TMO Thermo Fisher Scientific Inc. | New | 0.02% | +0.02 |
| CRTO Criteo SA-Spon | Add +12.4% | 0.07% | +0.01 |
| FISV Fiserv Inc. | Add +0.8% | 0.47% | −0.38 |
| CDW CDW Corp. | Add +0.0% | 4.53% | −0.50 |
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 |