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TCAM

Turtle Creek Asset Management Portfolio holdings

AUM $2.67B
1-Year Est. Return 0.64%
This Fund
S&P 500
This Quarter Est. Return
-37.5%
1 Year Est. Return
-0.64%
3 Year Est. Return
+1.45%
5 Year Est. Return
-4.36%
10 Year Est. Return
+77.53%
AUM
$1.18B
AUM Growth
-$327M
Cap. Flow
+$398M
Cap. Flow %
33.84%
Top 10 Hldgs %
78.27%
Holding
28
New
1
Increased
17
Reduced
6
Closed
4

Top Buys

Rank Stock Value
1
TFII icon
TFI International
TFII
+$100M
2
BFH icon
Bread Financial
BFH
+$71.7M
3
DFS
Discover Financial Services
DFS
+$62.1M
4
BWA icon
BorgWarner
BWA
+$59.7M
5
URBN icon
Urban Outfitters
URBN
+$55.5M

Top Sells

Rank Stock Value
1
PRAA icon
PRA Group
PRAA
+$25.3M
2
KNX icon
Knight Transportation
KNX
+$22.3M
3
SCI icon
Service Corp International
SCI
+$22.3M
4
OTEX icon
Open Text
OTEX
+$19.1M
5
SSNC icon
SS&C Technologies
SSNC
+$14.5M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 31.52%
2 Industrials 22.24%
3 Materials 18.85%
4 Financials 13.69%
5 Technology 13.42%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DSGX icon
26
Descartes Systems
DSGX
$6.82B
– –
-1,900
Closed -$81K
FAST icon
27
Fastenal
FAST
$59.5B
– –
-26,800
Closed -$495K
NTCT icon
28
NETSCOUT
NTCT
$2.79B
– –
-546,057
Closed -$13.1M
1
2

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VA
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MMEA
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ACIM
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PCIG
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MG
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HC
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HI
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Turtle Creek Asset Management's Q1 2020 Portfolio in Review

As of Q1 2020, Turtle Creek Asset Management held 28 positions worth $1.18B, down 22% from $1.5B the previous quarter. Its ten largest holdings account for 78% of the portfolio.

Turtle Creek Asset Management deployed $398M of net new capital in Q1 2020, opening 1 new position and adding to 17 existing holdings. Its largest new stake was TFI International: 3,713,339 shares worth $82M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 32% of assets, down from 32% a quarter earlier, followed by Industrials and Materials.

On the sell side, the largest reduction was PRA Group, an estimated $25.3M trimmed.

  • Turtle Creek Asset Management's largest Q1 2020 buy was TFI International: 3,713,339 shares worth $82M.
  • Turtle Creek Asset Management added most to Bread Financial in Q1 2020, an estimated $71.7M increase.
  • Turtle Creek Asset Management's biggest Q1 2020 reduction was PRA Group, cutting an estimated $25.3M.
  • Turtle Creek Asset Management fully exited NETSCOUT in Q1 2020, selling an estimated $13.1M.
  • Turtle Creek Asset Management's ten largest holdings make up 78% of its $1.18B portfolio in Q1 2020.
  • Turtle Creek Asset Management opened 1 new position and closed 4 in Q1 2020.
  • Turtle Creek Asset Management's portfolio value fell 22% quarter-over-quarter to $1.18B.

Based on Turtle Creek Asset Management's 13F filing for Q1 2020, filed 15 May 2020.