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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
-11.08%
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
$2.41B
AUM Growth
-$171M
(-6.6%)
Cap. Flow
+$172M
Cap. Flow
% of AUM
7.14%
Top 10 Holdings %
Top 10 Hldgs %
61.52%
Holding
32
New
6
Increased
16
Reduced
9
Closed
1
Top Buys
| 1 |
Celanese
CE
|
+$66.1M |
| 2 |
Open Text
OTEX
|
+$50.1M |
| 3 |
Bread Financial
BFH
|
+$39.4M |
| 4 |
CarMax
KMX
|
+$36.4M |
| 5 |
SS&C Technologies
SSNC
|
+$25.9M |
Top Sells
| 1 |
TFI International
TFII
|
+$68.8M |
| 2 |
PRA Group
PRAA
|
+$46.6M |
| 3 |
Ingersoll Rand
IR
|
+$8.96M |
| 4 |
Brunswick
BC
|
+$7.69M |
| 5 |
Service Corp International
SCI
|
+$5.62M |
Sector Composition
| 1 | Consumer Discretionary | 31.23% |
| 2 | Industrials | 25.99% |
| 3 | Materials | 14.88% |
| 4 | Financials | 13.35% |
| 5 | Technology | 12.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BERY
1
DELISTED
Berry Global Group, Inc.
BERY
| $303M | 12.58% |
7,099,202
-3,158
| -0% | -$159K |
|
2
Middleby
MIDD
$6.02B
| $151M | 6.25% |
1,175,022
-39,700
| -3% | -$5.57M |
|
|
3
TFI International
TFII
$12.8B
| $149M | 6.2% |
1,651,536
-709,550
| -30% | -$68.8M |
|
|
4
Bread Financial
BFH
$4.01B
| $144M | 5.96% |
4,568,162
+1,005,802
| +28% | +$39.4M |
|
5
Urban Outfitters
URBN
$6.25B
| $143M | 5.92% |
7,264,757
+69,850
| +1% | +$1.46M |
|
|
6
Ingersoll Rand
IR
$32.2B
| $136M | 5.65% |
3,151,056
-190,200
| -6% | -$8.96M |
|
7
JELD-WEN Holding
JELD
$101M
| $117M | 4.84% |
13,338,920
+159,713
| +1% | +$2.09M |
|
8
Gildan
GIL
$10B
| $116M | 4.8% |
4,091,699
+90,050
| +2% | +$2.69M |
|
|
9
SS&C Technologies
SSNC
$16.8B
| $113M | 4.67% |
2,357,912
+449,747
| +24% | +$25.9M |
|
10
Magna International
MGA
$18.1B
| $112M | 4.66% |
2,367,404
+179,300
| +8% | +$10.4M |
|
|
11
Open Text
OTEX
$5.65B
| $108M | 4.5% |
4,102,068
+1,419,650
| +53% | +$50.1M |
|
|
12
Brunswick
BC
$5.22B
| $104M | 4.31% |
1,586,075
-102,425
| -6% | -$7.69M |
|
|
13
CarMax
KMX
$8.14B
| $95.5M | 3.96% |
1,446,971
+397,891
| +38% | +$36.4M |
|
14
BorgWarner
BWA
$12.8B
| $90.8M | 3.77% |
3,286,078
-45,156
| -1% | -$1.46M |
|
|
15
Service Corp International
SCI
$10.9B
| $88.1M | 3.65% |
1,526,106
-85,250
| -5% | -$5.62M |
|
|
DFS
16
DELISTED
Discover Financial Services
DFS
| $87.2M | 3.61% |
958,585
+900
| +0.1% | +$91.1K |
|
17
Euronet Worldwide
EEFT
$3.1B
| $75.9M | 3.15% |
1,001,664
+261,033
| +35% | +$24.5M |
|
18
Encore Capital Group
ECPG
$1.96B
| $66.6M | 2.76% |
1,464,881
+355,260
| +32% | +$20.4M |
|
|
19
Celanese
CE
$5.01B
| $54.3M | 2.25% |
+601,350
| New | +$66.1M |
|
20
Colliers International
CIGI
$5.21B
| $53.7M | 2.23% |
586,140
+55,725
| +11% | +$6.5M |
|
21
Flowserve
FLS
$8.75B
| $50.1M | 2.08% |
2,060,857
+396,550
| +24% | +$12M |
|
|
22
PRA Group
PRAA
$691M
| $24.2M | 1.01% |
737,421
-1,252,715
| -63% | -$46.6M |
|
|
JBTM
23
JBT Marel
JBTM
$6.98B
| $15.9M | 0.66% |
185,106
+143,346
| +343% | +$15.2M |
|
24
Knight Transportation
KNX
$12.5B
| $3.88M | 0.16% |
79,263
-2,950
| -4% | -$151K |
|
25
Oshkosh
OSK
$8.96B
| $3.47M | 0.14% |
49,350
+10,500
| +27% | +$854K |
|
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Turtle Creek Asset Management's Q3 2022 Portfolio in Review
As of Q3 2022, Turtle Creek Asset Management held 32 positions worth $2.41B, down 6.6% from $2.58B the previous quarter. Its ten largest holdings account for 62% of the portfolio.
Turtle Creek Asset Management deployed $172M of net new capital in Q3 2022, opening 6 new positions and adding to 16 existing holdings. Its largest new stake was Celanese: 601,350 shares worth $54.3M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 31% of assets, up from 30% a quarter earlier, followed by Industrials and Materials.
On the sell side, the largest reduction was TFI International, an estimated $68.8M trimmed.
- Turtle Creek Asset Management's largest Q3 2022 buy was Celanese: 601,350 shares worth $54.3M.
- Turtle Creek Asset Management added most to Open Text in Q3 2022, an estimated $50.1M increase.
- Turtle Creek Asset Management's biggest Q3 2022 reduction was TFI International, cutting an estimated $68.8M.
- Turtle Creek Asset Management fully exited Prestige Consumer Healthcare in Q3 2022, selling an estimated $2.18M.
- Turtle Creek Asset Management's ten largest holdings make up 62% of its $2.41B portfolio in Q3 2022.
- Turtle Creek Asset Management opened 6 new positions and closed 1 in Q3 2022.
- Turtle Creek Asset Management's portfolio value fell 6.6% quarter-over-quarter to $2.41B.
Based on Turtle Creek Asset Management's 13F filing for Q3 2022, filed 14 Nov 2022.