Turtle Creek Asset Management Inc.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Turtle Creek Asset Management Inc. reported 40 stock positions worth $4.1 billion. Its top holding was Jeld-Wen (JELD) at 7.2% of the portfolio, followed by Berry Global (BERY, 6.3%) and Middleby (MIDD, 6.1%). Compared with Q4 2023, it opened 1 new position, added to 15 and reduced 23. The biggest buy was BRP Inc./Ca- Sub Voting (DOO, shares +2044%) and the biggest sale Discover Financial Services (DFS, shares −38%).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0001484148
- Portfolio Value
- $4.1B (Q1 2024)
- SEC Filing
- 0000950123-24-005212 ↗ filed May 15, 2024
Holdings Value
Holdings 40 stocks · $4.1B
| JELD Jeld-Wen Holding Inc. | 7.17% | 13,842,920 | $293.9M | Reduce -0.8% |
| BERY Berry Global Group Inc. | 6.28% | 4,255,344 | $257.4M | Add +7.0% |
| MIDD Middleby Corp. | 6.12% | 1,560,295 | $250.9M | Reduce -3.3% |
| KMX Carmax Inc. | 5.38% | 2,529,641 | $220.4M | Reduce -0.9% |
| BC Brunswick Corp. | 4.51% | 1,913,814 | $184.7M | Add +10.5% |
| BFH Bread Financial Holdings Inc. | 4.48% | 4,927,961 | $183.5M | Reduce -9.6% |
| SSNC Ss&c Technologies Holdings | 4.38% | 2,788,021 | $179.5M | Reduce -4.0% |
| CIGI Colliers Intl GR-Subord Vot | 4.32% | 1,448,723 | $177.1M | Reduce -1.4% |
| IR Ingersoll-Rand Inc. | 4.21% | 1,815,708 | $172.4M | Reduce -13.6% |
| GIL Gildan Activewear Inc. | 3.93% | 4,339,630 | $161.1M | Add +0.5% |
| SCI Service Corp. International | 3.80% | 2,098,975 | $155.8M | Reduce -6.1% |
| TFII Tfi International Inc. | 3.72% | 955,546 | $152.4M | Reduce -30.1% |
| BWA Borgwarner Inc. | 3.68% | 4,342,980 | $150.9M | Add +36.6% |
| DOO BRP Inc./Ca- Sub Voting | 3.65% | 2,230,023 | $149.6M | Add +2044.0% |
| OTEX Open Text Corp. | 3.40% | 3,590,298 | $139.4M | Add +4.5% |
| KNSL Kinsale Capital Group Inc. | 3.35% | 262,050 | $137.5M | New |
| CVS CVS Health Corp. | 3.34% | 1,717,266 | $137.0M | Add +0.9% |
| FND Floor & Decor Holdings Inc. Class A | 3.31% | 1,047,477 | $135.8M | Reduce -12.4% |
| ATS Ats Corp. | 3.19% | 3,875,730 | $130.7M | Add +34.0% |
| DFS Discover Financial Services | 2.90% | 905,762 | $118.7M | Reduce -37.5% |
| VNT Vontier Corp. | 2.83% | 2,560,937 | $116.2M | Reduce -21.6% |
| MGA Magna International Inc. | 2.44% | 1,833,554 | $99.9M | Add +0.5% |
| EEFT Euronet Worldwide Inc. | 2.42% | 902,776 | $99.2M | Reduce -9.7% |
| CE Celanese Corp. | 2.21% | 527,956 | $90.7M | Reduce -8.9% |
| ECPG Encore Capital Group Inc. | 2.20% | 1,978,159 | $90.2M | Reduce -2.8% |
| URBN Urban Outfitters Inc. | 1.56% | 1,468,211 | $63.7M | Reduce -37.5% |
| RVLV Revolve Group Inc. Class A | 0.51% | 990,650 | $21.0M | Reduce -26.5% |
| KNX Knight-Swift Transportation | 0.29% | 216,213 | $11.9M | Add +19.2% |
| SEE Sealed Air Corp. | 0.17% | 187,240 | $7.0M | Add +23.8% |
| JBTM JBT Marel Corp. filed as JOHN BEAN TECHNOLOGIES CORP | 0.07% | 28,034 | $2.9M | Add +13.3% |
| FISV Fiserv Inc. | 0.06% | 14,500 | $2.3M | Add +22.9% |
| BLDR Builders Firstsource Inc. | 0.04% | 8,540 | $1.8M | Reduce -33.5% |
| WFG West Fraser Timber Co. Ltd. | 0.04% | 19,800 | $1.7M | Reduce -2.7% |
| SYF Synchrony Financial | 0.03% | 30,000 | $1.3M | Add +40.5% |
| PHIN Phinia Inc. | 0.01% | 6,400 | $246K | Reduce -5.9% |
| AVNW Aviat Networks Inc. | 0.00% | 3,800 | $146K | Reduce -34.5% |
| PNTG The Pennant Group Inc. | 0.00% | 6,300 | $124K | Reduce -60.4% |
| LVLU Lulu's Fashion Lounge Holdin | 0.00% | 55,000 | $77K | No change |
| DCBO Docebo Inc. | 0.00% | 1,100 | $54K | Add +83.3% |
| TNC Tennant Co. | 0.00% | 100 | $12K | Reduce -87.5% |
Portfolio Sells Q4 2023 → Q1 2024
| DFS Discover Financial Services | Reduce -37.5% | 2.90% | −1.41 |
| TFII Tfi International Inc. | Reduce -30.1% | 3.72% | −1.19 |
| URBN Urban Outfitters Inc. | Reduce -37.5% | 1.56% | −0.66 |
| CIGI Colliers Intl GR-Subord Vot | Reduce -1.4% | 4.32% | −0.59 |
| ECPG Encore Capital Group Inc. | Reduce -2.8% | 2.20% | −0.52 |
| SSNC Ss&c Technologies Holdings | Reduce -4.0% | 4.38% | −0.31 |
| BFH Bread Financial Holdings Inc. | Reduce -9.6% | 4.48% | −0.26 |
| EEFT Euronet Worldwide Inc. | Reduce -9.7% | 2.42% | −0.26 |
| SCI Service Corp. International | Reduce -6.1% | 3.80% | −0.24 |
| FND Floor & Decor Holdings Inc. Class A | Reduce -12.4% | 3.31% | −0.21 |
| CE Celanese Corp. | Reduce -8.9% | 2.21% | −0.16 |
| MIDD Middleby Corp. | Reduce -3.3% | 6.12% | −0.15 |
| VNT Vontier Corp. | Reduce -21.6% | 2.83% | −0.15 |
| IR Ingersoll-Rand Inc. | Reduce -13.6% | 4.21% | −0.08 |
| RVLV Revolve Group Inc. Class A | Reduce -26.5% | 0.51% | −0.08 |
| BLDR Builders Firstsource Inc. | Reduce -33.5% | 0.04% | −0.01 |
| WFG West Fraser Timber Co. Ltd. | Reduce -2.7% | 0.04% | −0.00 |
| PNTG The Pennant Group Inc. | Reduce -60.4% | 0.00% | −0.00 |
| TNC Tennant Co. | Reduce -87.5% | 0.00% | −0.00 |
| AVNW Aviat Networks Inc. | Reduce -34.5% | 0.00% | −0.00 |
| PHIN Phinia Inc. | Reduce -5.9% | 0.01% | +0.00 |
| KMX Carmax Inc. | Reduce -0.9% | 5.38% | +0.21 |
| JELD Jeld-Wen Holding Inc. | Reduce -0.8% | 7.17% | +0.22 |
Portfolio Buys Q4 2023 → Q1 2024
| DOO BRP Inc./Ca- Sub Voting | Add +2044.0% | 3.65% | +3.45 |
| KNSL Kinsale Capital Group Inc. | New | 3.35% | +3.35 |
| BWA Borgwarner Inc. | Add +36.6% | 3.68% | +0.67 |
| GIL Gildan Activewear Inc. | Add +0.5% | 3.93% | +0.16 |
| BC Brunswick Corp. | Add +10.5% | 4.51% | +0.08 |
| SEE Sealed Air Corp. | Add +23.8% | 0.17% | +0.02 |
| FISV Fiserv Inc. | Add +22.9% | 0.06% | +0.02 |
| KNX Knight-Swift Transportation | Add +19.2% | 0.29% | +0.01 |
| SYF Synchrony Financial | Add +40.5% | 0.03% | +0.01 |
| JBTM JBT Marel Corp. | Add +13.3% | 0.07% | +0.01 |
| DCBO Docebo Inc. | Add +83.3% | 0.00% | +0.00 |
| ATS Ats Corp. | Add +34.0% | 3.19% | −0.10 |
| CVS CVS Health Corp. | Add +0.9% | 3.34% | −0.21 |
| MGA Magna International Inc. | Add +0.5% | 2.44% | −0.41 |
| OTEX Open Text Corp. | Add +4.5% | 3.40% | −0.41 |
| BERY Berry Global Group Inc. | Add +7.0% | 6.28% | −0.80 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 38 | $2.6B | FISV, CIGI, FND, BFH, KNSL |
| Q1 2026Amended | 39 | $2.7B | BFH, CIGI, CE, FISV, SUNB |
| Q4 2025 | 38 | $2.3B | BFH, MIDD, ATS, TFII, IR |
| Q3 2025 | 41 | $3.3B | CE, MIDD, BC, WSC, BFH |
| Q2 2025 | 41 | $3.4B | ATS, CE, BFH, MIDD, BC |
| Q1 2025 | 38 | $3.6B | CE, MIDD, ATS, BC, KMX |
| Q4 2024 | 38 | $3.8B | ATS, MIDD, CE, BFH, KMX |
| Q3 2024 | 38 | $4.2B | BERY, ATS, MIDD, JELD, BFH |
| Q2 2024 | 39 | $3.9B | BERY, MIDD, BFH, KMX, JELD |
| Q1 2024 | 40 | $4.1B | JELD, BERY, MIDD, KMX, BC |