Turtle Creek Asset Management Inc.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Turtle Creek Asset Management Inc. reported 39 stock positions worth $3.9 billion. Its top holding was Berry Global (BERY) at 6.5% of the portfolio, followed by Middleby (MIDD, 5.6%) and Bread Financial (BFH, 5.4%). Compared with Q1 2024, it sold out of 1, added to 26 and reduced 11. The biggest buy was Ats (ATS, shares +31%) and the biggest sale Borgwarner (BWA, shares −10%).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0001484148
- Portfolio Value
- $3.9B (Q2 2024)
- SEC Filing
- 0000950123-24-008353 ↗ filed Aug 14, 2024
Holdings Value
Holdings 39 stocks · $3.9B
| BERY Berry Global Group Inc. | 6.48% | 4,275,066 | $251.6M | Add +0.5% |
| MIDD Middleby Corp. | 5.56% | 1,761,895 | $216.0M | Add +12.9% |
| BFH Bread Financial Holdings Inc. | 5.37% | 4,681,511 | $208.6M | Reduce -5.0% |
| KMX Carmax Inc. | 5.23% | 2,771,452 | $203.3M | Add +9.6% |
| JELD Jeld-Wen Holding Inc. | 4.80% | 13,842,920 | $186.5M | No change |
| BC Brunswick Corp. | 4.59% | 2,448,249 | $178.2M | Add +27.9% |
| SSNC Ss&c Technologies Holdings | 4.51% | 2,796,821 | $175.3M | Add +0.3% |
| CIGI Colliers Intl GR-Subord Vot | 4.50% | 1,565,423 | $174.8M | Add +8.1% |
| OTEX Open Text Corp. | 4.38% | 5,659,608 | $170.0M | Add +57.6% |
| GIL Gildan Activewear Inc. | 4.27% | 4,371,480 | $165.8M | Add +0.7% |
| ATS Ats Corp. | 4.24% | 5,095,738 | $164.6M | Add +31.5% |
| IR Ingersoll-Rand Inc. | 4.24% | 1,812,258 | $164.6M | Reduce -0.2% |
| SCI Service Corp. International | 3.89% | 2,124,997 | $151.2M | Add +1.2% |
| TFII Tfi International Inc. | 3.70% | 990,796 | $143.8M | Add +3.7% |
| DOO BRP Inc./Ca- Sub Voting | 3.52% | 2,136,623 | $136.8M | Reduce -4.2% |
| CVS CVS Health Corp. | 3.28% | 2,154,157 | $127.2M | Add +25.4% |
| KNSL Kinsale Capital Group Inc. | 3.25% | 327,608 | $126.2M | Add +25.0% |
| BWA Borgwarner Inc. | 3.24% | 3,900,780 | $125.8M | Reduce -10.2% |
| FND Floor & Decor Holdings Inc. Class A | 3.23% | 1,263,177 | $125.6M | Add +20.6% |
| DFS Discover Financial Services | 2.93% | 871,212 | $114.0M | Reduce -3.8% |
| MGA Magna International Inc. | 2.60% | 2,414,079 | $101.1M | Add +31.7% |
| VNT Vontier Corp. | 2.50% | 2,543,937 | $97.2M | Reduce -0.7% |
| ECPG Encore Capital Group Inc. | 2.32% | 2,158,849 | $90.1M | Add +9.1% |
| EEFT Euronet Worldwide Inc. | 2.31% | 865,802 | $89.6M | Reduce -4.1% |
| CE Celanese Corp. | 2.23% | 641,856 | $86.6M | Add +21.6% |
| URBN Urban Outfitters Inc. | 1.52% | 1,435,361 | $58.9M | Reduce -2.2% |
| RVLV Revolve Group Inc. Class A | 0.47% | 1,149,800 | $18.3M | Add +16.1% |
| KNX Knight-Swift Transportation | 0.36% | 276,513 | $13.8M | Add +27.9% |
| SEE Sealed Air Corp. | 0.16% | 175,790 | $6.1M | Reduce -6.1% |
| BLDR Builders Firstsource Inc. | 0.09% | 25,840 | $3.6M | Add +202.6% |
| JBTM JBT Marel Corp. filed as JOHN BEAN TECHNOLOGIES CORP | 0.08% | 31,834 | $3.0M | Add +13.6% |
| FISV Fiserv Inc. | 0.06% | 16,500 | $2.5M | Add +13.8% |
| WFG West Fraser Timber Co. Ltd. | 0.04% | 20,200 | $1.6M | Add +2.0% |
| SYF Synchrony Financial | 0.04% | 32,300 | $1.5M | Add +7.7% |
| PHIN Phinia Inc. | 0.00% | 4,000 | $157K | Reduce -37.5% |
| PNTG The Pennant Group Inc. | 0.00% | 5,500 | $128K | Reduce -12.7% |
| AVNW Aviat Networks Inc. | 0.00% | 4,300 | $123K | Add +13.2% |
| LVLU Lulu's Fashion Lounge Holdin | 0.00% | 55,000 | $102K | No change |
| DCBO Docebo Inc. | 0.00% | 2,400 | $93K | Add +118.2% |
Portfolio Sells Q1 2024 → Q2 2024
| BWA Borgwarner Inc. | Reduce -10.2% | 3.24% | −0.44 |
| VNT Vontier Corp. | Reduce -0.7% | 2.50% | −0.33 |
| DOO BRP Inc./Ca- Sub Voting | Reduce -4.2% | 3.52% | −0.13 |
| EEFT Euronet Worldwide Inc. | Reduce -4.1% | 2.31% | −0.11 |
| URBN Urban Outfitters Inc. | Reduce -2.2% | 1.52% | −0.04 |
| SEE Sealed Air Corp. | Reduce -6.1% | 0.16% | −0.01 |
| PHIN Phinia Inc. | Reduce -37.5% | 0.00% | −0.00 |
| TNC Tennant Co. | Sold out | 0.00% | −0.00 |
| PNTG The Pennant Group Inc. | Reduce -12.7% | 0.00% | +0.00 |
| IR Ingersoll-Rand Inc. | Reduce -0.2% | 4.24% | +0.03 |
| DFS Discover Financial Services | Reduce -3.8% | 2.93% | +0.04 |
| BFH Bread Financial Holdings Inc. | Reduce -5.0% | 5.37% | +0.89 |
Portfolio Buys Q1 2024 → Q2 2024
| ATS Ats Corp. | Add +31.5% | 4.24% | +1.05 |
| OTEX Open Text Corp. | Add +57.6% | 4.38% | +0.98 |
| GIL Gildan Activewear Inc. | Add +0.7% | 4.27% | +0.34 |
| BERY Berry Global Group Inc. | Add +0.5% | 6.48% | +0.20 |
| CIGI Colliers Intl GR-Subord Vot | Add +8.1% | 4.50% | +0.18 |
| MGA Magna International Inc. | Add +31.7% | 2.60% | +0.17 |
| SSNC Ss&c Technologies Holdings | Add +0.3% | 4.51% | +0.13 |
| ECPG Encore Capital Group Inc. | Add +9.1% | 2.32% | +0.12 |
| SCI Service Corp. International | Add +1.2% | 3.89% | +0.09 |
| BC Brunswick Corp. | Add +27.9% | 4.59% | +0.08 |
| KNX Knight-Swift Transportation | Add +27.9% | 0.36% | +0.07 |
| BLDR Builders Firstsource Inc. | Add +202.6% | 0.09% | +0.05 |
| CE Celanese Corp. | Add +21.6% | 2.23% | +0.02 |
| SYF Synchrony Financial | Add +7.7% | 0.04% | +0.01 |
| FISV Fiserv Inc. | Add +13.8% | 0.06% | +0.01 |
| JBTM JBT Marel Corp. | Add +13.6% | 0.08% | +0.01 |
| DCBO Docebo Inc. | Add +118.2% | 0.00% | +0.00 |
| AVNW Aviat Networks Inc. | Add +13.2% | 0.00% | −0.00 |
| WFG West Fraser Timber Co. Ltd. | Add +2.0% | 0.04% | −0.00 |
| TFII Tfi International Inc. | Add +3.7% | 3.70% | −0.01 |
| RVLV Revolve Group Inc. Class A | Add +16.1% | 0.47% | −0.04 |
| CVS CVS Health Corp. | Add +25.4% | 3.28% | −0.07 |
| FND Floor & Decor Holdings Inc. Class A | Add +20.6% | 3.23% | −0.08 |
| KNSL Kinsale Capital Group Inc. | Add +25.0% | 3.25% | −0.10 |
| KMX Carmax Inc. | Add +9.6% | 5.23% | −0.14 |
| MIDD Middleby Corp. | Add +12.9% | 5.56% | −0.56 |
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 |