Turtle Creek Asset Management Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 19, 2026), Turtle Creek Asset Management Inc. reported 39 stock positions worth $2.7 billion. Its top holding was Bread Financial (BFH) at 6.8% of the portfolio, followed by Colliers Intl GR-Subord Vot (CIGI, 6.5%) and Celanese (CE, 6.3%). Compared with Q4 2025, it opened 2 new positions, sold out of 1, added to 20 and reduced 16. The biggest buy was a new position in Sunbelt Rentals (SUNB) and the biggest sale Middleby (MIDD, shares −16%).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0001484148
- Portfolio Value
- $2.7B (Q1 2026)
- SEC Filing
- 0001193125-26-230412 ↗ filed May 19, 2026
Holdings Value
Holdings 39 stocks · $2.7B
| BFH Bread Financial Holdings Inc. | 6.81% | 2,431,102 | $182.1M | Reduce -4.7% |
| CIGI Colliers Intl GR-Subord Vot | 6.53% | 1,633,556 | $174.6M | Add +100.9% |
| CE Celanese Corp. | 6.27% | 2,547,744 | $167.6M | Add +18.1% |
| FISV Fiserv Inc. | 5.52% | 2,643,668 | $147.5M | Add +968.1% |
| SUNB Sunbelt Rentals Holdings Inc. | 5.36% | 2,201,287 | $143.3M | New |
| KNSL Kinsale Capital Group Inc. | 5.26% | 411,246 | $140.5M | Add +47.6% |
| FND Floor & Decor Holdings Inc. Class A | 5.24% | 2,757,643 | $140.1M | Add +41.7% |
| ATS Ats Corp. | 5.17% | 4,896,669 | $138.1M | Reduce -13.2% |
| WSC Willscot Holdings Corp. | 5.11% | 7,870,039 | $136.6M | Add +27.3% |
| MIDD Middleby Corp. | 4.68% | 943,514 | $125.1M | Reduce -15.5% |
| EEFT Euronet Worldwide Inc. | 4.59% | 1,847,040 | $122.6M | Add +44.9% |
| TFII Tfi International Inc. filed as TRANSFORCE INC | 4.40% | 1,082,942 | $117.6M | Reduce -21.3% |
| IR Ingersoll-Rand Inc. | 3.90% | 1,301,517 | $104.3M | Reduce -15.0% |
| WEX Wex Inc. | 3.83% | 669,335 | $102.4M | Add +58.5% |
| SCI Service Corp. International | 3.59% | 1,161,496 | $95.8M | Add +12.0% |
| CCOI Cogent Communications Holdin | 3.07% | 4,348,897 | $81.9M | Add +7.7% |
| SSNC Ss&c Technologies Holdings | 2.92% | 1,156,014 | $78.1M | Add +43.0% |
| VNT Vontier Corp. | 2.81% | 2,114,615 | $75.0M | Add +17.4% |
| MEDP Medpace Holdings Inc. | 2.44% | 135,570 | $65.1M | Add +4741.8% |
| BC Brunswick Corp. | 2.15% | 788,155 | $57.3M | Reduce -28.1% |
| ENSG The Ensign Group Inc. | 1.94% | 257,160 | $51.8M | Reduce -23.7% |
| PNTG The Pennant Group Inc. | 1.80% | 1,582,823 | $48.2M | Add +12075.6% |
| GIL Gildan Activewear Inc. | 1.70% | 817,805 | $45.5M | Reduce -24.8% |
| MGA Magna International Inc. | 1.25% | 599,801 | $33.5M | Reduce -43.4% |
| ECPG Encore Capital Group Inc. | 1.02% | 388,213 | $27.2M | Reduce -60.0% |
| JELD Jeld-Wen Holding Inc. | 0.77% | 16,625,557 | $20.6M | No change |
| DOO BRP Inc./Ca- Sub Voting | 0.63% | 235,010 | $16.9M | Reduce -68.1% |
| BLDR Builders Firstsource Inc. | 0.29% | 94,990 | $7.8M | Add +40.4% |
| ITT Itt Inc. | 0.24% | 33,764 | $6.4M | Add +1.5% |
| BCO The Brink's Co. | 0.22% | 55,500 | $5.8M | Add +82.6% |
| PATK Patrick Industries Inc. | 0.17% | 41,850 | $4.6M | Reduce -9.5% |
| KNX Knight-Swift Transportation | 0.10% | 47,213 | $2.7M | Reduce -25.9% |
| FSV Firstservice Corp. | 0.06% | 12,400 | $1.7M | New |
| SYF Synchrony Financial | 0.06% | 23,890 | $1.6M | Reduce -27.5% |
| WFG West Fraser Timber Co. Ltd. | 0.03% | 13,750 | $898K | Reduce -11.0% |
| TNC Tennant Co. | 0.03% | 13,000 | $863K | Add +32.6% |
| OTEX Open Text Corp. | 0.02% | 26,610 | $592K | Reduce -9.5% |
| DCBO Docebo Inc. | 0.01% | 21,200 | $370K | Add +38.6% |
| CLW Clearwater Paper Corp. | 0.01% | 16,000 | $230K | Add +26.0% |
Portfolio Sells Q4 2025 → Q1 2026
| MIDD Middleby Corp. | Reduce -15.5% | 4.68% | −2.63 |
| TFII Tfi International Inc. | Reduce -21.3% | 4.40% | −1.85 |
| ATS Ats Corp. | Reduce -13.2% | 5.17% | −1.67 |
| DOO BRP Inc./Ca- Sub Voting | Reduce -68.1% | 0.63% | −1.67 |
| BFH Bread Financial Holdings Inc. | Reduce -4.7% | 6.81% | −1.50 |
| BC Brunswick Corp. | Reduce -28.1% | 2.15% | −1.44 |
| IR Ingersoll-Rand Inc. | Reduce -15.0% | 3.90% | −1.43 |
| ECPG Encore Capital Group Inc. | Reduce -60.0% | 1.02% | −1.30 |
| GIL Gildan Activewear Inc. | Reduce -24.8% | 1.70% | −1.29 |
| MGA Magna International Inc. | Reduce -43.4% | 1.25% | −1.23 |
| BWA Borgwarner Inc. | Sold out | 0.00% | −0.84 |
| ENSG The Ensign Group Inc. | Reduce -23.7% | 1.94% | −0.65 |
| SYF Synchrony Financial | Reduce -27.5% | 0.06% | −0.06 |
| PATK Patrick Industries Inc. | Reduce -9.5% | 0.17% | −0.05 |
| KNX Knight-Swift Transportation | Reduce -25.9% | 0.10% | −0.04 |
| OTEX Open Text Corp. | Reduce -9.5% | 0.02% | −0.02 |
| WFG West Fraser Timber Co. Ltd. | Reduce -11.0% | 0.03% | −0.01 |
Portfolio Buys Q4 2025 → Q1 2026
| SUNB Sunbelt Rentals Holdings Inc. | New | 5.36% | +5.36 |
| FISV Fiserv Inc. | Add +968.1% | 5.52% | +4.79 |
| MEDP Medpace Holdings Inc. | Add +4741.8% | 2.44% | +2.37 |
| CE Celanese Corp. | Add +18.1% | 6.27% | +2.26 |
| PNTG The Pennant Group Inc. | Add +12075.6% | 1.80% | +1.79 |
| CIGI Colliers Intl GR-Subord Vot | Add +100.9% | 6.53% | +1.27 |
| WEX Wex Inc. | Add +58.5% | 3.83% | +1.06 |
| KNSL Kinsale Capital Group Inc. | Add +47.6% | 5.26% | +0.46 |
| EEFT Euronet Worldwide Inc. | Add +44.9% | 4.59% | +0.32 |
| FSV Firstservice Corp. | New | 0.06% | +0.06 |
| BCO The Brink's Co. | Add +82.6% | 0.22% | +0.06 |
| FND Floor & Decor Holdings Inc. Class A | Add +41.7% | 5.24% | +0.03 |
| SCI Service Corp. International | Add +12.0% | 3.59% | +0.03 |
| TNC Tennant Co. | Add +32.6% | 0.03% | +0.00 |
| CLW Clearwater Paper Corp. | Add +26.0% | 0.01% | −0.00 |
| DCBO Docebo Inc. | Add +38.6% | 0.01% | −0.00 |
| ITT Itt Inc. | Add +1.5% | 0.24% | −0.01 |
| WSC Willscot Holdings Corp. | Add +27.3% | 5.11% | −0.01 |
| BLDR Builders Firstsource Inc. | Add +40.4% | 0.29% | −0.01 |
| VNT Vontier Corp. | Add +17.4% | 2.81% | −0.14 |
| SSNC Ss&c Technologies Holdings | Add +43.0% | 2.92% | −0.19 |
| CCOI Cogent Communications Holdin | Add +7.7% | 3.07% | −0.77 |
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 |