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TCAM
Turtle Creek Asset Management Portfolio holdings
AUM
$2.56B
1-Year Est. Return
1.05%
This Fund
S&P 500
This Quarter
Est. Return
+8.84%
1 Year Est. Return
-1.05%
3 Year Est. Return
-2.37%
5 Year Est. Return
-7.31%
10 Year Est. Return
+95.51%
AUM
$3.49B
AUM Growth
+$261M
(+8.1%)
Cap. Flow
+$706K
Cap. Flow
% of AUM
0.02%
Top 10 Holdings %
Top 10 Hldgs %
55.29%
Holding
38
New
1
Increased
23
Reduced
13
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ATS Corp
ATS
|
+$105M |
| 2 |
Vontier
VNT
|
+$26.3M |
| 3 |
Bread Financial
BFH
|
+$24.5M |
| 4 |
Colliers International
CIGI
|
+$24.1M |
| 5 |
TFI International
TFII
|
+$12.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Urban Outfitters
URBN
|
+$60.2M |
| 2 |
CarMax
KMX
|
+$56.7M |
| 3 |
BERY
Berry Global Group, Inc.
BERY
|
+$51M |
| 4 |
Open Text
OTEX
|
+$16.1M |
| 5 |
JBTM
JBT Marel
JBTM
|
+$12M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 30.62% |
| 2 | Industrials | 27.97% |
| 3 | Technology | 14.02% |
| 4 | Financials | 12.01% |
| 5 | Materials | 11.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BERY
1
DELISTED
Berry Global Group, Inc.
BERY
| $313M | 8.98% |
5,301,012
-933,328
| -15% | -$51M |
|
2
JELD-WEN Holding
JELD
$200M
| $245M | 7.01% |
13,949,920
| – | – |
|
|
3
CarMax
KMX
$8.98B
| $193M | 5.52% |
2,301,759
-773,880
| -25% | -$56.7M |
|
4
Middleby
MIDD
$5.05B
| $191M | 5.49% |
1,295,322
+59,100
| +5% | +$8.33M |
|
|
5
Bread Financial
BFH
$4.26B
| $182M | 5.22% |
5,797,961
+853,151
| +17% | +$24.5M |
|
|
6
TFI International
TFII
$11.3B
| $175M | 5.03% |
1,539,956
+115,300
| +8% | +$12.7M |
|
7
Gildan
GIL
$9.89B
| $169M | 4.85% |
5,249,299
+273,650
| +5% | +$8.39M |
|
8
Ingersoll Rand
IR
$29.6B
| $163M | 4.68% |
2,500,530
-189,780
| -7% | -$11.2M |
|
9
SS&C Technologies
SSNC
$19.6B
| $162M | 4.64% |
2,670,144
+18,200
| +0.7% | +$1.03M |
|
10
Brunswick
BC
$4.82B
| $135M | 3.86% |
1,556,254
+306
| +0% | +$25K |
|
|
11
Open Text
OTEX
$5.8B
| $134M | 3.83% |
3,217,109
-401,800
| -11% | -$16.1M |
|
|
DFS
12
DELISTED
Discover Financial Services
DFS
| $131M | 3.76% |
1,122,155
-108,650
| -9% | -$11.4M |
|
|
13
Colliers International
CIGI
$5.06B
| $130M | 3.72% |
1,323,040
+248,050
| +23% | +$24.1M |
|
14
Magna International
MGA
$18.4B
| $122M | 3.5% |
2,161,279
-32,250
| -1% | -$1.71M |
|
15
Floor & Decor
FND
$5.35B
| $116M | 3.34% |
1,119,910
+450
| +0% | +$43K |
|
16
BorgWarner
BWA
$13.8B
| $113M | 3.24% |
2,624,341
-19,880
| -0.8% | -$818K |
|
17
Service Corp International
SCI
$11.2B
| $108M | 3.09% |
1,667,621
+60,246
| +4% | +$4.02M |
|
|
18
ATS Corp
ATS
$1.93B
| $107M | 3.08% |
+2,329,131
| New | +$105M |
|
|
19
Vontier
VNT
$4.5B
| $107M | 3.06% |
3,315,087
+913,419
| +38% | +$26.3M |
|
20
Encore Capital Group
ECPG
$2.06B
| $105M | 3.02% |
2,164,286
+63,820
| +3% | +$3.11M |
|
|
21
Urban Outfitters
URBN
$6.94B
| $104M | 2.97% |
3,129,282
-2,063,211
| -40% | -$60.2M |
|
22
Celanese
CE
$4.9B
| $86.7M | 2.49% |
748,656
+5,300
| +0.7% | +$574K |
|
23
Euronet Worldwide
EEFT
$2.76B
| $85.4M | 2.45% |
727,761
-49,700
| -6% | -$5.56M |
|
|
JBTM
24
JBT Marel
JBTM
$6.11B
| $81.4M | 2.33% |
671,283
-109,666
| -14% | -$12M |
|
25
Knight Transportation
KNX
$11.7B
| $7.03M | 0.2% |
126,613
+54,750
| +76% | +$3.06M |
|
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Turtle Creek Asset Management's Q2 2023 Portfolio in Review
As of Q2 2023, Turtle Creek Asset Management held 38 positions worth $3.49B, up 8.1% from $3.23B the previous quarter. Its ten largest holdings account for 55% of the portfolio.
Trading was light in Q2 2023: portfolio turnover was 2.6%. Turtle Creek Asset Management opened 1 new position and made no exits, leaving the 38-position portfolio largely intact.
By sector, the portfolio is most concentrated in Consumer Discretionary at 31% of assets, down from 34% a quarter earlier, followed by Industrials and Technology.
- Turtle Creek Asset Management's largest Q2 2023 buy was ATS Corp: 2,329,131 shares worth $107M.
- Turtle Creek Asset Management added most to Vontier in Q2 2023, an estimated $26.3M increase.
- Turtle Creek Asset Management's biggest Q2 2023 reduction was Urban Outfitters, cutting an estimated $60.2M.
- Turtle Creek Asset Management's ten largest holdings make up 55% of its $3.49B portfolio in Q2 2023.
- Turtle Creek Asset Management opened 1 new position and closed 0 in Q2 2023.
- Turtle Creek Asset Management's portfolio value rose 8.1% quarter-over-quarter to $3.49B.
Based on Turtle Creek Asset Management's 13F filing for Q2 2023, filed 14 Aug 2023.