TURTLE CREEK ASSET MANAGEMENT INC.
Long book
$2.67B
Q1 2026
Positions
39
Top-10 weight
56%
concentration
Last quarter
+7.0%
SPY +14.8%
Turnover
8%
of book per quarter
Strategy in plain words
auto-generated from filingsTURTLE CREEK ASSET MANAGEMENT INC. is a concentrated fundamental stock-picker, running a $2.67B US long book across 39 positions.
The portfolio is concentrated: the top 10 names carry 56% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: BREAD FINANCIAL HOLDINGS INC, COLLIERS INTL GR-SUBORD VOT, CELANESE CORP, FISERV INC, SUNBELT RENTALS HOLDINGS INC.
Over the last 9 quarters its long book ran on average 5.9pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-13.1%
Q2 2024
+10.3%
Q3 2024
-6.8%
Q4 2024
-10.5%
Q1 2025
+5.6%
Q2 2025
-0.7%
Q3 2025
-1.8%
Q4 2025
-2.7%
Q1 2026
+7.0%
Sector allocation
Services media 23%
Industrials 23%
Financials 18%
Real estate 7%
Materials 6%
Healthcare 6%
Technology 6%
Consumer discretionary 6%
Long book by quarter
What does TURTLE CREEK own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BFH BREAD FINANCIAL HOLDINGS INC | Financials | 2.4M | $182.1M | 6.8% | -4.7% |
| CIGI COLLIERS INTL GR-SUBORD VOT | Real estate | 1.6M | $174.6M | 6.5% | +100.9% |
| CE CELANESE CORP | Materials | 2.5M | $167.6M | 6.3% | +18.1% |
| FISV FISERV INC | Services media | 2.6M | $147.5M | 5.5% | +968.1% |
| SUNB SUNBELT RENTALS HOLDINGS INC | Services media | 2.2M | $143.3M | 5.4% | New |
| KNSL KINSALE CAPITAL GROUP INC | Financials | 411.2K | $140.5M | 5.3% | +47.6% |
| FND FLOOR & DECOR HOLDINGS INC-A | Consumer discretionary | 2.8M | $140.1M | 5.2% | +41.7% |
| ATS ATS CORP | Industrials | 4.9M | $138.1M | 5.2% | -13.2% |
| WSC WILLSCOT HOLDINGS CORP | Services media | 7.9M | $136.6M | 5.1% | +27.3% |
| MIDD MIDDLEBY CORP | Industrials | 943.5K | $125.1M | 4.7% | -15.5% |
| EEFT EURONET WORLDWIDE INC | Financials | 1.8M | $122.6M | 4.6% | +44.9% |
| TFII TFI INTERNATIONAL INC | Industrials | 1.1M | $117.6M | 4.4% | -21.3% |
| IR INGERSOLL-RAND INC | Industrials | 1.3M | $104.3M | 3.9% | -15.0% |
| WEX WEX INC | Services media | 669.3K | $102.4M | 3.8% | +58.5% |
| SCI SERVICE CORP INTERNATIONAL | Services media | 1.2M | $95.8M | 3.6% | +12.0% |
| CCOI COGENT COMMUNICATIONS HOLDIN | Communications | 4.3M | $81.9M | 3.1% | +7.7% |
| SSNC SS&C TECHNOLOGIES HOLDINGS | Technology | 1.2M | $78.1M | 2.9% | +43.0% |
| VNT VONTIER CORP | Technology | 2.1M | $75.0M | 2.8% | +17.5% |
| MEDP MEDPACE HOLDINGS INC | Healthcare | 135.6K | $65.1M | 2.4% | +4741.8% |
| BC BRUNSWICK CORP | Industrials | 788.2K | $57.3M | 2.1% | -28.1% |
| ENSG ENSIGN GROUP INC/THE | Healthcare | 257.2K | $51.8M | 1.9% | -23.7% |
| PNTG PENNANT GROUP INC/THE | Healthcare | 1.6M | $48.2M | 1.8% | +12075.6% |
| GIL GILDAN ACTIVEWEAR INC | Other | 817.8K | $45.5M | 1.7% | -24.8% |
| MGA MAGNA INTERNATIONAL INC | Industrials | 599.8K | $33.5M | 1.3% | -43.4% |
| ECPG ENCORE CAPITAL GROUP INC | Financials | 388.2K | $27.2M | 1.0% | -60.0% |
| JELD JELD-WEN HOLDING INC | Other | 16.6M | $20.6M | 0.8% | Held |
| DOO BRP INC/CA- SUB VOTING | Industrials | 235.0K | $16.9M | 0.6% | -68.1% |
| BLDR BUILDERS FIRSTSOURCE INC | Consumer discretionary | 95.0K | $7.8M | 0.3% | +40.4% |
| ITT ITT INC | Industrials | 33.8K | $6.4M | 0.2% | +1.5% |
| BCO BRINK'S CO/THE | Industrials | 55.5K | $5.8M | 0.2% | +82.6% |
| PATK PATRICK INDUSTRIES INC | Industrials | 41.9K | $4.6M | 0.2% | -9.5% |
| KNX KNIGHT-SWIFT TRANSPORTATION | Industrials | 47.2K | $2.7M | 0.1% | -25.9% |
| FSV FIRSTSERVICE CORP | Real estate | 12.4K | $1.7M | 0.1% | New |
| SYF SYNCHRONY FINANCIAL | Financials | 23.9K | $1.6M | 0.1% | -27.5% |
| WFG WEST FRASER TIMBER CO LTD | Other | 13.8K | $898K | 0.0% | -11.0% |
| TNC TENNANT CO | Industrials | 13.0K | $863K | 0.0% | +32.7% |
| OTEX OPEN TEXT CORP | Technology | 26.6K | $592K | 0.0% | -9.5% |
| DCBO DOCEBO INC | Technology | 21.2K | $370K | 0.0% | +38.6% |
| CLW CLEARWATER PAPER CORP | Other | 16.0K | $230K | 0.0% | +26.0% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR/ARESTATEMENT | May 19, 2026 | 39 | $2.67B | canonical | SEC ↗ |
| Q1 2026 | 13F-HR | May 15, 2026 | 40 | $3.92B | SEC ↗ | |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 38 | $2.27B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 41 | $3.31B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 41 | $3.44B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 38 | $3.56B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 38 | $3.85B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 38 | $4.17B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 39 | $3.88B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 40 | $4.10B | canonical | SEC ↗ |
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