Turtle Creek Asset Management Inc.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Turtle Creek Asset Management Inc. reported 38 stock positions worth $4.2 billion. Its top holding was Berry Global (BERY) at 6.4% of the portfolio, followed by Ats (ATS, 6.2%) and Middleby (MIDD, 6.1%). Compared with Q2 2024, it opened 3 new positions, sold out of 4, added to 11 and reduced 22. The biggest buy was a new position in Willscot (WSC) and the biggest sale an exit from Discover Financial Services (DFS).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0001484148
- Portfolio Value
- $4.2B (Q3 2024)
- SEC Filing
- 0000950123-24-011443 ↗ filed Nov 14, 2024
Holdings Value
Holdings 38 stocks · $4.2B
| BERY Berry Global Group Inc. | 6.38% | 3,913,779 | $266.1M | Reduce -8.4% |
| ATS Ats Corp. | 6.21% | 8,906,269 | $258.7M | Add +74.8% |
| MIDD Middleby Corp. | 6.05% | 1,813,083 | $252.3M | Add +2.9% |
| JELD Jeld-Wen Holding Inc. | 5.25% | 13,842,920 | $218.9M | No change |
| BFH Bread Financial Holdings Inc. | 5.23% | 4,583,616 | $218.1M | Reduce -2.1% |
| BC Brunswick Corp. | 4.98% | 2,477,048 | $207.6M | Add +1.2% |
| CIGI Colliers Intl GR-Subord Vot | 4.84% | 1,328,623 | $201.7M | Reduce -15.1% |
| KMX Carmax Inc. | 4.70% | 2,533,165 | $196.0M | Reduce -8.6% |
| OTEX Open Text Corp. | 4.20% | 5,257,153 | $175.0M | Reduce -7.1% |
| IR Ingersoll-Rand Inc. | 4.16% | 1,764,158 | $173.2M | Reduce -2.6% |
| SSNC Ss&c Technologies Holdings | 3.74% | 2,100,941 | $155.9M | Reduce -24.9% |
| SCI Service Corp. International | 3.72% | 1,966,497 | $155.2M | Reduce -7.5% |
| FND Floor & Decor Holdings Inc. Class A | 3.56% | 1,196,333 | $148.5M | Reduce -5.3% |
| GIL Gildan Activewear Inc. | 3.55% | 3,142,430 | $148.0M | Reduce -28.1% |
| BWA Borgwarner Inc. | 3.32% | 3,811,530 | $138.3M | Reduce -2.3% |
| DOO BRP Inc./Ca- Sub Voting | 3.29% | 2,302,073 | $137.1M | Add +7.7% |
| TFII Tfi International Inc. | 3.28% | 997,976 | $136.6M | Add +0.7% |
| CVS CVS Health Corp. | 3.17% | 2,097,667 | $131.9M | Reduce -2.6% |
| CE Celanese Corp. | 3.12% | 956,106 | $130.0M | Add +49.0% |
| KNSL Kinsale Capital Group Inc. | 2.92% | 261,349 | $121.7M | Reduce -20.2% |
| WSC Willscot Holdings Corp. | 2.62% | 2,901,605 | $109.1M | New |
| MGA Magna International Inc. | 2.55% | 2,593,029 | $106.4M | Add +7.4% |
| VNT Vontier Corp. | 2.53% | 3,122,487 | $105.4M | Add +22.7% |
| ECPG Encore Capital Group Inc. | 2.37% | 2,092,643 | $98.9M | Reduce -3.1% |
| EEFT Euronet Worldwide Inc. | 2.04% | 856,606 | $85.0M | Reduce -1.1% |
| URBN Urban Outfitters Inc. | 1.38% | 1,500,756 | $57.5M | Add +4.6% |
| KNX Knight-Swift Transportation | 0.34% | 259,863 | $14.0M | Reduce -6.0% |
| SEE Sealed Air Corp. | 0.15% | 177,740 | $6.5M | Add +1.1% |
| PATK Patrick Industries Inc. | 0.14% | 41,500 | $5.9M | New |
| RVLV Revolve Group Inc. Class A | 0.07% | 121,851 | $3.0M | Reduce -89.4% |
| BLDR Builders Firstsource Inc. | 0.06% | 13,240 | $2.6M | Reduce -48.8% |
| WFG West Fraser Timber Co. Ltd. | 0.04% | 19,150 | $1.9M | Reduce -5.2% |
| CLW Clearwater Paper Corp. | 0.01% | 8,200 | $234K | New |
| DCBO Docebo Inc. | 0.00% | 3,100 | $137K | Add +29.2% |
| PHIN Phinia Inc. | 0.00% | 2,100 | $97K | Reduce -47.5% |
| LVLU Lulu's Fashion Lounge Holdin | 0.00% | 55,000 | $88K | No change |
| AVNW Aviat Networks Inc. | 0.00% | 2,900 | $63K | Reduce -32.6% |
| PNTG The Pennant Group Inc. | 0.00% | 1,000 | $36K | Reduce -81.8% |
Portfolio Sells Q2 2024 → Q3 2024
| DFS Discover Financial Services | Sold out | 0.00% | −2.93 |
| SSNC Ss&c Technologies Holdings | Reduce -24.9% | 3.74% | −0.77 |
| GIL Gildan Activewear Inc. | Reduce -28.1% | 3.55% | −0.72 |
| KMX Carmax Inc. | Reduce -8.6% | 4.70% | −0.53 |
| RVLV Revolve Group Inc. Class A | Reduce -89.4% | 0.07% | −0.40 |
| KNSL Kinsale Capital Group Inc. | Reduce -20.2% | 2.92% | −0.33 |
| EEFT Euronet Worldwide Inc. | Reduce -1.1% | 2.04% | −0.27 |
| OTEX Open Text Corp. | Reduce -7.1% | 4.20% | −0.18 |
| SCI Service Corp. International | Reduce -7.5% | 3.72% | −0.17 |
| BFH Bread Financial Holdings Inc. | Reduce -2.1% | 5.23% | −0.14 |
| CVS CVS Health Corp. | Reduce -2.6% | 3.17% | −0.11 |
| BERY Berry Global Group Inc. | Reduce -8.4% | 6.38% | −0.09 |
| IR Ingersoll-Rand Inc. | Reduce -2.6% | 4.16% | −0.08 |
| JBTM JBT Marel Corp. | Sold out | 0.00% | −0.08 |
| FISV Fiserv Inc. | Sold out | 0.00% | −0.06 |
| SYF Synchrony Financial | Sold out | 0.00% | −0.04 |
| BLDR Builders Firstsource Inc. | Reduce -48.8% | 0.06% | −0.03 |
| KNX Knight-Swift Transportation | Reduce -6.0% | 0.34% | −0.02 |
| PNTG The Pennant Group Inc. | Reduce -81.8% | 0.00% | −0.00 |
| AVNW Aviat Networks Inc. | Reduce -32.6% | 0.00% | −0.00 |
| PHIN Phinia Inc. | Reduce -47.5% | 0.00% | −0.00 |
| WFG West Fraser Timber Co. Ltd. | Reduce -5.2% | 0.04% | +0.00 |
| ECPG Encore Capital Group Inc. | Reduce -3.1% | 2.37% | +0.05 |
| BWA Borgwarner Inc. | Reduce -2.3% | 3.32% | +0.08 |
| FND Floor & Decor Holdings Inc. Class A | Reduce -5.3% | 3.56% | +0.33 |
| CIGI Colliers Intl GR-Subord Vot | Reduce -15.1% | 4.84% | +0.34 |
Portfolio Buys Q2 2024 → Q3 2024
| WSC Willscot Holdings Corp. | New | 2.62% | +2.62 |
| ATS Ats Corp. | Add +74.8% | 6.21% | +1.97 |
| CE Celanese Corp. | Add +49.0% | 3.12% | +0.89 |
| MIDD Middleby Corp. | Add +2.9% | 6.05% | +0.49 |
| BC Brunswick Corp. | Add +1.2% | 4.98% | +0.40 |
| PATK Patrick Industries Inc. | New | 0.14% | +0.14 |
| VNT Vontier Corp. | Add +22.7% | 2.53% | +0.03 |
| CLW Clearwater Paper Corp. | New | 0.01% | +0.01 |
| DCBO Docebo Inc. | Add +29.2% | 0.00% | +0.00 |
| SEE Sealed Air Corp. | Add +1.1% | 0.15% | −0.00 |
| MGA Magna International Inc. | Add +7.4% | 2.55% | −0.05 |
| URBN Urban Outfitters Inc. | Add +4.6% | 1.38% | −0.14 |
| DOO BRP Inc./Ca- Sub Voting | Add +7.7% | 3.29% | −0.23 |
| TFII Tfi International Inc. | Add +0.7% | 3.28% | −0.42 |
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 |