Turtle Creek Asset Management portfolio
Concentrated managerInvestment firmPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 14, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Turtle Creek Asset Management reported a $2.6 bn portfolio of 38 positions to the SEC as of the end of Q2 2026. Its largest positions are FISV, CIGI, FND. During the quarter it exited Encore Capital Group.
Sections with a free account
What it reported after the quarter end (Q2 2026)
The 13F shows the portfolio as of Jun 30, 2026. Since then Turtle Creek Asset Management has filed these own trades with the SEC (Form 4, when it owns more than 10% of a company or holds a role in it) and stakes above 5% (13D and 13G). It is not everything it did: only what it must report before the next 13F.
Stake reported in the company · event of Jun 30, 2026 · filed Aug 14, 2026 · filing ↗
What changed this quarter
38 positions with a change (1 new, 18 added to, 17 trimmed, 2 sold). 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Bread Financial Holdings−46%fewer sharesReduced6.8% → 5.5%
- TFI International−83%fewer sharesReduced4.4% → 1.0%
- Willscot Holdings−44%fewer sharesReduced5.1% → 5.0%
- Brink’s+1,551%more sharesIncreased0.2% → 3.4%
- Ensign Group+154%more sharesIncreased1.9% → 4.1%
- ATS−37%fewer sharesReduced5.2% → 3.5%
- Sunbelt Rentals Holdings−30%fewer sharesReduced5.4% → 4.5%
- Fiserv+36%more sharesIncreased5.5% → 6.9%
- Vontier+67%more sharesIncreased2.8% → 4.0%
- Middleby−23%fewer sharesReduced4.7% → 3.9%
- Encore Capital Group−1.0 ppof portfolioSold out1.0% → —
- Colliers International Group+13%more sharesIncreased6.5% → 6.7%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- FiservFISV6.9%
- Colliers International GroupCIGI6.7%
- Floor & Decor HoldingsFND6.5%
- Bread Financial HoldingsBFH5.5%
- Kinsale Capital GroupKNSL5.1%
- Willscot HoldingsWSC5.0%
- Euronet WorldwideEEFT4.9%
- Sunbelt Rentals HoldingsSUNB4.5%
- Ingersoll RandIR4.3%
- CelaneseCE4.1%
- Ensign GroupENSG4.1%
- WEXWEX4.0%
- VontierVNT4.0%
- MiddlebyMIDD3.9%
- ATSATS3.5%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Industrials 27%
- ● Financials 27%
- ● Consumer Discretionary 16%
- ● Health Care 9%
- ● Information Technology 7%
- ● Real Estate 7%
- ● Materials 5%
- ● Communication Services 2%
How its portfolio changed (8 quarters)
Q2 2026: 38
Q2 2026: 54%
Q2 2026: 15.8%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
13F filings with amendments or confidential positions
- 13F Q1 2026 ↗filed May 15, 2026Amendment of May 19, 2026 (replaces the original) ↗
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Investment firm, per its Form ADV of Apr 16, 2026 (medium confidence).
The data, as reported: TURTLE CREEK ASSET MANAGEMENT INC. (CRD 271033): Exempt reporting adviser to private funds, based in Canada; 7.B private funds: 5 hedge (gross assets $2.8 bn)
The type comes from a rule applied to that data. If it looks wrong, tell us.
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