TURTLE CREEK ASSET MANAGEMENT INC's Q2 2025 13F: 4 new positions, 1 exit
Form 13F-HR for the quarter ended Jun 30, 2025 · filed Aug 14, 2025 · 41 reported positions · accession 0000950123-25-007962
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | BERRY GLOBAL GROUP (BERY) | 4.7% | — | −4.7 pts | −2.38M sh | −100% |
| Increased | COGENT COMMUNICATIONS HOLDINGS (COI) | 0.3% | 3.9% | +3.6 pts | +2.63M sh | +1628% |
| Reduced | CVS HEALTH CORP (CVS) | 3.2% | 0.0% | −3.2 pts | −1.69M sh | −99% |
| New | AMCOR PLC (AMCR) | — | 2.2% | +2.2 pts | +8.4M sh | new |
| Reduced | OPEN TEXT CORP (OTEX) | 3.6% | 2.7% | −1.0 pts | −1.97M sh | −38% |
| Increased | FLOOR & DECOR (FND) | 4.0% | 5.0% | +1.0 pts | +480K sh | +27% |
| Reduced | BRP INC. (DOO) | 3.4% | 4.2% | +0.8 pts | −630K sh | −17% |
| Reduced | KINSALE CAPITAL GROUP INC (KNSL) | 3.6% | 2.8% | −0.8 pts | −60,619 sh | −23% |
| Increased | WILLSCOT HOLDINGS (WSC) | 3.2% | 4.0% | +0.8 pts | +928K sh | +22% |
| Reduced | BREAD FINANCIAL HOLDINGS INC (BFH) | 5.6% | 6.0% | +0.3 pts | −410K sh | −10% |
| Reduced | ATS CORP (ATS) | 5.8% | 7.0% | +1.2 pts | −711K sh | −9% |
| Reduced | SERVICE CORP INTERNATIONAL (SCI) | 3.7% | 3.2% | −0.4 pts | −263K sh | −16% |
| Reduced | BORGWARNER INC (BWA) | 3.4% | 3.5% | +0.1 pts | −621K sh | −15% |
| Reduced | CELANESE (CE) | 7.2% | 6.8% | −0.4 pts | −278K sh | −6% |
| Reduced | VONTIER (VNT) | 2.6% | 2.7% | +0.1 pts | −297K sh | −11% |
| Reduced | BRUNSWICK CORP (BC) | 5.7% | 5.7% | 0.0 pts | −191K sh | −5% |
| Reduced | TFI INTERNATIONAL INC (TFII) | 4.4% | 5.0% | +0.6 pts | −111K sh | −5% |
| Reduced | MIDDLEBY CORP (MIDD) | 6.3% | 5.9% | −0.4 pts | −62,447 sh | −4% |
| Reduced | GILDAN ACTIVEWEAR INC (GIL) | 2.2% | 2.3% | +0.1 pts | −149K sh | −9% |
| Reduced | COLLIERS INTERNATIONAL GROUP INC (CIGI) | 4.4% | 4.7% | +0.3 pts | −53,350 sh | −4% |
| Increased | CARMAX INC (KMX) | 5.7% | 5.2% | −0.5 pts | +88,600 sh | +3% |
| Reduced | MAGNA INTERNATIONAL INC (MGA) | 2.6% | 2.9% | +0.3 pts | −144K sh | −5% |
| New | ITT INC (ITT) | — | 0.1% | +0.1 pts | +31,564 sh | new |
| Reduced | ENCORE CAPITAL GROUP INC (ECPG) | 2.1% | 2.3% | +0.2 pts | −106K sh | −5% |
| Reduced | INGERSOLL-RAND INC (IR) | 4.2% | 4.4% | +0.2 pts | −47,443 sh | −3% |
| Increased | BUILDERS FIRSTSOURCE INC. (BLDR) | 0.1% | 0.2% | +0.1 pts | +33,650 sh | +102% |
| Reduced | EURONET WORLDWIDE INC (EEFT) | 2.2% | 2.1% | −0.1 pts | −35,479 sh | −5% |
| Reduced | SS&C TECHNOLOGIES HOLDINGS INC (SSNC) | 2.4% | 2.4% | 0.0 pts | −43,131 sh | −4% |
| Increased | JELD-WEN HOLDINGS INC (JELD) | 2.6% | 1.8% | −0.7 pts | +888K sh | +6% |
| New | MEDPACE HLDGS INC (MEDP) | — | 0.1% | +0.1 pts | +11,000 sh | new |
| New | SYNCHRONY FINANCIAL (SYF) | — | 0.1% | +0.1 pts | +28,600 sh | new |
| Reduced | KNIGHT-SWIFT TRANSPORTATION (KNX) | 0.2% | 0.2% | 0.0 pts | −9,750 sh | −6% |
| Increased | PATRICK INDUSTRIES INC (PATK) | 0.2% | 0.2% | 0.0 pts | +4,000 sh | +5% |
| Increased | TENNANT CO (TNC) | 0.0% | 0.0% | 0.0 pts | +1,800 sh | +62% |
| Increased | DOCEBO INC (DCBO) | 0.0% | 0.0% | 0.0 pts | +4,500 sh | +79% |
| Increased | WEST FRASER TIMBER CO. LTD. (WFG) | 0.0% | 0.0% | 0.0 pts | +1,200 sh | +7% |
| Reduced | PENNANT GROUP (PNTG) | 0.0% | 0.0% | 0.0 pts | −2,500 sh | −28% |
| Increased | CLEARWATER PAPER CORP (CLW) | 0.0% | 0.0% | 0.0 pts | +1,000 sh | +10% |
| Increased | PHINIA INC (PHIN) | 0.0% | 0.0% | 0.0 pts | +600 sh | +33% |
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 55.8% of the equity book
Changes in the top 10 this quarter: FND entered · BERY left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | ATS CORP (ATS) | 5.8% | 7.0% | |
| 2 | CELANESE (CE) | 7.2% | 6.8% | |
| 3 | BREAD FINANCIAL HOLDINGS INC (BFH) | 5.6% | 6.0% | |
| 4 | MIDDLEBY CORP (MIDD) | 6.3% | 5.9% | |
| 5 | BRUNSWICK CORP (BC) | 5.7% | 5.7% | |
| 6 | CARMAX INC (KMX) | 5.7% | 5.2% | |
| 7 | TFI INTERNATIONAL INC (TFII) | 4.4% | 5.0% | |
| 8 | FLOOR & DECOR (FND) | 4.0% | 5.0% | Entered the top 10 |
| 9 | COLLIERS INTERNATIONAL GROUP INC (CIGI) | 4.4% | 4.7% | |
| 10 | INGERSOLL-RAND INC (IR) | 4.2% | 4.4% | |
| — | BERRY GLOBAL GROUP (BERY) | 4.7% | 0.0% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).