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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
+2.52%
1 Year Est. Return
-0.64%
3 Year Est. Return
+1.45%
5 Year Est. Return
-4.36%
10 Year Est. Return
+77.51%
AUM
$858M
AUM Growth
+$317M
(+58%)
Cap. Flow
+$307M
Cap. Flow
% of AUM
35.74%
Top 10 Holdings %
Top 10 Hldgs %
93.11%
Holding
14
New
1
Increased
11
Reduced
2
Closed
–
Top Buys
| 1 |
PRA Group
PRAA
|
+$82.4M |
| 2 |
Gildan
GIL
|
+$79M |
| 3 |
Urban Outfitters
URBN
|
+$51.7M |
| 4 |
TJX Companies
TJX
|
+$27.1M |
| 5 |
NETSCOUT
NTCT
|
+$19.5M |
Top Sells
| 1 |
HEICO Corp Class A
HEI.A
|
+$12.3M |
| 2 |
MITL
Mitel Networks Corporation
MITL
|
+$9.96M |
Sector Composition
| 1 | Consumer Discretionary | 47.14% |
| 2 | Technology | 28.74% |
| 3 | Financials | 16.62% |
| 4 | Industrials | 7.5% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Gildan
GIL
$10B
| $196M | 22.87% |
7,259,863
+3,099,700
| +75% | +$79M |
|
|
2
PRA Group
PRAA
$691M
| $143M | 16.62% |
4,303,119
+2,194,100
| +104% | +$82.4M |
|
3
BorgWarner
BWA
$12.8B
| $75.2M | 8.76% |
2,044,800
+337,392
| +20% | +$12.3M |
|
4
Open Text
OTEX
$5.65B
| $71.8M | 8.37% |
2,111,036
+475,300
| +29% | +$15.8M |
|
5
SS&C Technologies
SSNC
$16.8B
| $69.6M | 8.11% |
1,965,900
+514,600
| +35% | +$17.3M |
|
|
6
NETSCOUT
NTCT
$2.95B
| $57M | 6.65% |
1,503,109
+552,109
| +58% | +$19.5M |
|
|
7
TJX Companies
TJX
$171B
| $48.5M | 5.65% |
1,225,400
+703,400
| +135% | +$27.1M |
|
|
MITL
8
DELISTED
Mitel Networks Corporation
MITL
| $48.2M | 5.62% |
6,958,847
-1,426,200
| -17% | -$9.96M |
|
|
9
Urban Outfitters
URBN
$6.25B
| $47.4M | 5.52% |
+1,993,500
| New | +$51.7M |
|
10
Cimpress
CMPR
$2.49B
| $42.5M | 4.95% |
492,653
+144,262
| +41% | +$12.5M |
|
11
Tractor Supply
TSCO
$16B
| $37.2M | 4.34% |
2,700,000
+619,500
| +30% | +$9.02M |
|
12
Clean Harbors
CLH
$16.4B
| $14.7M | 1.71% |
263,754
+44,400
| +20% | +$2.46M |
|
|
13
HEICO Corp Class A
HEI.A
$34.9B
| $7.23M | 0.84% |
235,248
-343,750
| -59% | -$12.3M |
|
14
Descartes Systems
DSGX
$6.35B
| $21K | ﹤0.01% |
900
+600
| +200% | +$13.2K |
|
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Turtle Creek Asset Management's Q1 2017 Portfolio in Review
As of Q1 2017, Turtle Creek Asset Management held 14 positions worth $858M, up 58% from $542M the previous quarter. Its ten largest holdings account for 93% of the portfolio.
Turtle Creek Asset Management deployed $307M of net new capital in Q1 2017, opening 1 new position and adding to 11 existing holdings. Its largest new stake was Urban Outfitters: 1,993,500 shares worth $47.4M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 47% of assets, up from 40% a quarter earlier, followed by Technology and Financials.
On the sell side, the largest reduction was HEICO Corp Class A, an estimated $12.3M trimmed.
- Turtle Creek Asset Management's largest Q1 2017 buy was Urban Outfitters: 1,993,500 shares worth $47.4M.
- Turtle Creek Asset Management added most to PRA Group in Q1 2017, an estimated $82.4M increase.
- Turtle Creek Asset Management's biggest Q1 2017 reduction was HEICO Corp Class A, cutting an estimated $12.3M.
- Turtle Creek Asset Management's ten largest holdings make up 93% of its $858M portfolio in Q1 2017.
- Turtle Creek Asset Management opened 1 new position and closed 0 in Q1 2017.
- Turtle Creek Asset Management's portfolio value rose 58% quarter-over-quarter to $858M.
Based on Turtle Creek Asset Management's 13F filing for Q1 2017, filed 11 May 2017.