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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
+77.51%
AUM
$1.18B
AUM Growth
-$327M
(-22%)
Cap. Flow
+$398M
Cap. Flow
% of AUM
33.84%
Top 10 Holdings %
Top 10 Hldgs %
78.27%
Holding
28
New
1
Increased
17
Reduced
6
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TFI International
TFII
|
+$100M |
| 2 |
Bread Financial
BFH
|
+$71.7M |
| 3 |
DFS
Discover Financial Services
DFS
|
+$62.1M |
| 4 |
BorgWarner
BWA
|
+$59.7M |
| 5 |
Urban Outfitters
URBN
|
+$55.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PRA Group
PRAA
|
+$25.3M |
| 2 |
Knight Transportation
KNX
|
+$22.3M |
| 3 |
Service Corp International
SCI
|
+$22.3M |
| 4 |
Open Text
OTEX
|
+$19.1M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
|
BERY
1
DELISTED
Berry Global Group, Inc.
BERY
| $222M | 18.85% |
7,165,585
+1,020,163
| +17% | +$37.4M |
|
|
2
BorgWarner
BWA
$12.8B
| $95.9M | 8.14% |
4,468,597
+2,063,513
| +86% | +$59.7M |
|
|
3
SS&C Technologies
SSNC
$16.8B
| $89.1M | 7.57% |
2,033,943
-255,572
| -11% | -$14.5M |
|
|
4
TFI International
TFII
$12.8B
| $82M | 6.97% |
+3,713,339
| New | +$100M |
|
5
Ingersoll Rand
IR
$32.2B
| $80.9M | 6.88% |
3,264,056
+817,450
| +33% | +$26M |
|
6
Middleby
MIDD
$6.02B
| $80.3M | 6.83% |
1,412,496
+352,300
| +33% | +$34.5M |
|
|
7
Urban Outfitters
URBN
$6.25B
| $76.8M | 6.52% |
5,390,158
+2,389,911
| +80% | +$55.5M |
|
|
8
Open Text
OTEX
$5.65B
| $65.9M | 5.6% |
1,888,066
-451,100
| -19% | -$19.1M |
|
9
Magna International
MGA
$18.1B
| $64.3M | 5.47% |
2,015,900
+580,000
| +40% | +$26.8M |
|
10
Gildan
GIL
$10B
| $64.1M | 5.45% |
5,022,702
+1,116,350
| +29% | +$26.9M |
|
|
11
PRA Group
PRAA
$691M
| $62.6M | 5.32% |
2,259,412
-725,158
| -24% | -$25.3M |
|
|
DFS
12
DELISTED
Discover Financial Services
DFS
| $54.8M | 4.66% |
1,536,125
+937,775
| +157% | +$62.1M |
|
|
13
Bread Financial
BFH
$4.01B
| $43.7M | 3.71% |
1,627,938
+1,053,397
| +183% | +$71.7M |
|
|
14
Service Corp International
SCI
$10.9B
| $39.2M | 3.33% |
1,001,594
-478,443
| -32% | -$22.3M |
|
15
CarMax
KMX
$8.14B
| $27.9M | 2.37% |
517,868
+103,568
| +25% | +$8.76M |
|
|
16
Knight Transportation
KNX
$12.5B
| $12.8M | 1.09% |
389,577
-631,269
| -62% | -$22.3M |
|
17
Prestige Consumer Healthcare
PBH
$2.36B
| $3.33M | 0.28% |
90,650
+6,100
| +7% | +$237K |
|
18
F5
FFIV
$23.1B
| $2.85M | 0.24% |
26,700
+8,700
| +48% | +$1.06M |
|
19
A.O. Smith
AOS
$8.11B
| $2.1M | 0.18% |
55,593
+8,643
| +18% | +$368K |
|
20
Flowserve
FLS
$8.75B
| $2.02M | 0.17% |
84,450
+67,650
| +403% | +$2.73M |
|
|
HDS
21
DELISTED
HD Supply Holdings, Inc.
HDS
| $1.59M | 0.14% |
56,100
-2,950
| -5% | -$110K |
|
22
Polaris
PII
$4.16B
| $1.42M | 0.12% |
29,500
+9,050
| +44% | +$742K |
|
23
TJX Companies
TJX
$171B
| $886K | 0.08% |
18,538
+1,300
| +8% | +$74.8K |
|
|
DOO
24
Bombardier Recreational Products
DOO
$4.5B
| $603K | 0.05% |
36,800
+33,300
| +951% | +$1.36M |
|
25
Cogent Communications
CCOI
$549M
| – | – |
-9,700
| Closed | -$638K |
|
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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.