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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
+13.34%
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
$2.84B
AUM Growth
+$426M
(+18%)
Cap. Flow
+$99.2M
Cap. Flow
% of AUM
3.5%
Top 10 Holdings %
Top 10 Hldgs %
60.12%
Holding
35
New
4
Increased
15
Reduced
14
Closed
2
Top Buys
| 1 |
CarMax
KMX
|
+$94.6M |
| 2 |
Floor & Decor
FND
|
+$79.7M |
| 3 |
JBTM
JBT Marel
JBTM
|
+$46.9M |
| 4 |
Colliers International
CIGI
|
+$37.3M |
| 5 |
Gildan
GIL
|
+$17.5M |
Top Sells
| 1 |
Urban Outfitters
URBN
|
+$50.2M |
| 2 |
Flowserve
FLS
|
+$50.1M |
| 3 |
PRA Group
PRAA
|
+$24.2M |
| 4 |
Ingersoll Rand
IR
|
+$20M |
| 5 |
BERY
Berry Global Group, Inc.
BERY
|
+$15.4M |
Sector Composition
| 1 | Consumer Discretionary | 33.46% |
| 2 | Industrials | 23.65% |
| 3 | Materials | 15.69% |
| 4 | Technology | 12.3% |
| 5 | Financials | 11.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BERY
1
DELISTED
Berry Global Group, Inc.
BERY
| $377M | 13.27% |
6,785,461
-313,741
| -4% | -$15.4M |
|
|
2
CarMax
KMX
$8.14B
| $178M | 6.27% |
2,919,939
+1,472,968
| +102% | +$94.6M |
|
3
Middleby
MIDD
$6.02B
| $165M | 5.8% |
1,228,822
+53,800
| +5% | +$7.32M |
|
4
Bread Financial
BFH
$4.01B
| $161M | 5.66% |
4,266,381
-301,781
| -7% | -$10.9M |
|
5
TFI International
TFII
$12.8B
| $158M | 5.57% |
1,576,486
-75,050
| -5% | -$7.49M |
|
|
6
Ingersoll Rand
IR
$32.2B
| $144M | 5.08% |
2,759,656
-391,400
| -12% | -$20M |
|
7
SS&C Technologies
SSNC
$16.8B
| $136M | 4.8% |
2,615,894
+257,982
| +11% | +$13.1M |
|
8
JELD-WEN Holding
JELD
$101M
| $133M | 4.68% |
13,759,220
+420,300
| +3% | +$4.08M |
|
|
9
Gildan
GIL
$10B
| $129M | 4.54% |
4,695,997
+604,298
| +15% | +$17.5M |
|
10
Open Text
OTEX
$5.65B
| $126M | 4.45% |
4,254,559
+152,491
| +4% | +$4.32M |
|
|
11
Urban Outfitters
URBN
$6.25B
| $125M | 4.41% |
5,250,543
-2,014,214
| -28% | -$50.2M |
|
12
Magna International
MGA
$18.1B
| $121M | 4.27% |
2,156,679
-210,725
| -9% | -$11.8M |
|
13
Brunswick
BC
$5.23B
| $113M | 3.97% |
1,563,386
-22,689
| -1% | -$1.61M |
|
14
BorgWarner
BWA
$12.8B
| $109M | 3.83% |
3,068,363
-217,715
| -7% | -$7.4M |
|
|
DFS
15
DELISTED
Discover Financial Services
DFS
| $97.6M | 3.44% |
998,105
+39,520
| +4% | +$3.98M |
|
16
Service Corp International
SCI
$10.9B
| $94.3M | 3.33% |
1,364,446
-161,660
| -11% | -$10.8M |
|
|
17
Colliers International
CIGI
$5.21B
| $90.9M | 3.21% |
987,954
+401,814
| +69% | +$37.3M |
|
18
Euronet Worldwide
EEFT
$3.1B
| $85.4M | 3.01% |
904,524
-97,140
| -10% | -$8.41M |
|
|
19
Floor & Decor
FND
$6.14B
| $76.2M | 2.69% |
+1,095,060
| New | +$79.7M |
|
20
Encore Capital Group
ECPG
$1.96B
| $72.3M | 2.55% |
1,507,560
+42,679
| +3% | +$2.06M |
|
21
Celanese
CE
$5.01B
| $67.3M | 2.37% |
658,100
+56,750
| +9% | +$5.63M |
|
|
JBTM
22
JBT Marel
JBTM
$6.98B
| $63.7M | 2.25% |
697,449
+512,343
| +277% | +$46.9M |
|
23
Knight Transportation
KNX
$12.5B
| $3.71M | 0.13% |
70,813
-8,450
| -11% | -$437K |
|
24
Oshkosh
OSK
$8.96B
| $3.16M | 0.11% |
35,800
-13,550
| -27% | -$1.16M |
|
25
Revolve Group
RVLV
$1.78B
| $2.86M | 0.1% |
128,299
+4,599
| +4% | +$110K |
|
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Turtle Creek Asset Management's Q4 2022 Portfolio in Review
As of Q4 2022, Turtle Creek Asset Management held 35 positions worth $2.84B, up 18% from $2.41B the previous quarter. Its ten largest holdings account for 60% of the portfolio.
Turtle Creek Asset Management deployed $99.2M of net new capital in Q4 2022, opening 4 new positions and adding to 15 existing holdings. Its largest new stake was Floor & Decor: 1,095,060 shares worth $76.2M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 33% of assets, up from 31% a quarter earlier, followed by Industrials and Materials.
On the sell side, the largest reduction was Urban Outfitters, an estimated $50.2M trimmed.
- Turtle Creek Asset Management's largest Q4 2022 buy was Floor & Decor: 1,095,060 shares worth $76.2M.
- Turtle Creek Asset Management added most to CarMax in Q4 2022, an estimated $94.6M increase.
- Turtle Creek Asset Management's biggest Q4 2022 reduction was Urban Outfitters, cutting an estimated $50.2M.
- Turtle Creek Asset Management fully exited Flowserve in Q4 2022, selling an estimated $50.1M.
- Turtle Creek Asset Management's ten largest holdings make up 60% of its $2.84B portfolio in Q4 2022.
- Turtle Creek Asset Management opened 4 new positions and closed 2 in Q4 2022.
- Turtle Creek Asset Management's portfolio value rose 18% quarter-over-quarter to $2.84B.
Based on Turtle Creek Asset Management's 13F filing for Q4 2022, filed 14 Feb 2023.