Turtle Creek Asset Management Inc.

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Turtle Creek Asset Management Inc. maintained a portfolio of 42 distinct positions. The most significant new addition to the portfolio was BRINK'S COMPANY, which now represents 0.16% of the total fund value. They heavily accumulated shares in KINSALE CAPITAL GROU, increasing their position by 23.3%. Conversely, Turtle Creek Asset Management Inc. completely exited their position in LULU S FASHION LOUNG.
PCA Score Concentration Risk
Risk ENB
Total Positions
42
Quarter
2025 Q4
Top Holding
BFH (8.3%)
Top 10 Concentration
58.7%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-42 of 42
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
BFH
BREAD FINANCIAL...
Financial Services 8.31% 5.53% #1 4
Prev: #5
5.3 -732,114 -22.3%
P
S
2,551,432 $188,882,511 2017 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
MIDD
MIDDLEBY CORP
Industrials 7.31% 5.86% #2
Prev: #2
4.4 -344,821 -23.6%
P
S
1,116,989 $166,062,755 2017 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ATS
ATS CORP
Industrials 6.84% 5.51% #3 3
Prev: #6
4.2 -1,330,958 -19.1%
P
S
5,642,052 $155,382,112 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
TFII
TFI INTERNATION...
Industrials 6.25% 4.84% #4 4
Prev: #8
3.0 -445,485 -24.5%
P
S
1,375,242 $142,131,261 2020 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
IR
INGERSOLL-RAND ...
Industrials 5.34% 4.49% #5 5
Prev: #10
3.1 -268,433 -14.9%
P
S
1,530,417 $121,239,635 2020 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CIGI
COLLIERS INTERN...
Real Estate 5.26% 3.85% #6 5
Prev: #11
2.6 -2,892 -0.4%
P
S
813,241 $119,554,559 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
FND
FLOOR & DECOR
Consumer Cyclical 5.21% 4.79% #7 2
Prev: #9
2.6 -209,278 -9.7%
P
S
1,945,733 $118,475,682 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
WSC
WILLSCOT HOLDIN...
Industrials 5.12% 5.56% #8 4
Prev: #4
2.0 -2,546,385 -29.2%
P
S
6,183,962 $116,444,004 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
KNSL
KINSALE CAPITAL...
Financial Services 4.80% 2.90% #9 7
Prev: #16
4.4 52,750 23.3%
P
S
278,670 $108,993,410 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
EEFT
EURONET WORLDWI...
Technology 4.27% 2.53% #10 10
Prev: #20
4.2 319,500 33.4%
P
S
1,274,846 $97,028,529 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CE
CELANESE
Basic Materials 4.01% 6.50% #11 10
Prev: #1
1.6 -2,958,825 -57.8%
P
S
2,156,540 $91,178,511 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CCOI
COGENT COMMUNIC...
Communication Services 3.83% 5.33% #12 5
Prev: #7
2.0 -567,086 -12.3%
P
S
4,036,847 $87,034,421 2017 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BC
BRUNSWICK CORP
Consumer Cyclical 3.58% 5.58% #13 10
Prev: #3
1.4 -1,829,550 -62.5%
P
S
1,096,673 $81,417,004 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SCI
SERVICE CORP IN...
Consumer Cyclical 3.56% 3.35% #14 1
Prev: #13
1.4 -294,700 -22.1%
P
S
1,037,345 $80,881,790 2017 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
SSNC
SS&C TECHNOLOGI...
Technology 3.11% 2.46% #15 7
Prev: #22
1.7 -109,600 -11.9%
P
S
808,549 $70,683,354 2016 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
GIL
GILDAN ACTIVEWE...
Consumer Cyclical 2.99% 2.57% #16 3
Prev: #19
1.2 -387,800 -26.3%
P
S
1,087,155 $67,903,701 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
VNT
VONTIER
Technology 2.95% 2.29% #17 8
Prev: #25
1.7 -3,618 -0.2%
P
S
1,800,404 $66,939,021 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
WEX
WEX INC
Technology 2.77% 2.82% #18 1
Prev: #17
1.1 -169,788 -28.7%
P
S
422,412 $62,930,940 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ENSG
ENSIGN GROUP IN...
Healthcare 2.58% 2.38% #19 5
Prev: #24
1.0 -119,262 -26.1%
P
S
337,070 $58,717,594 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MGA
MAGNA INTERNATI...
Consumer Cyclical 2.48% 2.79% #20 2
Prev: #18
1.0 -891,100 -45.7%
P
S
1,058,852 $56,436,812 2018 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ECPG
ENCORE CAPITAL ...
Financial Services 2.32% 2.45% #21 2
Prev: #23
0.9 -976,897 -50.2%
P
S
970,593 $52,751,730 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
DOOO
BRP INC.
Consumer Cyclical 2.30% 3.15% #22 8
Prev: #14
0.9 -980,200 -57.1%
P
S
737,546 $52,188,755 2019 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
JELD
JELD-WEN HOLDIN...
Industrials 1.80% 2.46% #23 2
Prev: #21
1.7 no change no change
P
S
16,625,557 $40,898,870 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BWA
BORGWARNER INC
Consumer Cyclical 0.84% 1.05% #24 3
Prev: #27
0.3 -370,588 -46.8%
P
S
422,098 $19,019,736 2016 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
FISV
FISERV INC
Unknown 0.73% 3.03% #25 10
Prev: #15
0.3 -529,949 -68.2%
P
S
247,501 $16,624,642 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BLDR
BUILDERS FIRSTS...
Industrials 0.31% 0.21% #26 2
Prev: #28
2.1 11,100 19.6%
P
S
67,640 $6,959,480 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ITT
ITT INC
Industrials 0.25% 0.14% #27 4
Prev: #31
2.6 7,000 26.7%
P
S
33,264 $5,771,637 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
PATK
PATRICK INDUSTR...
Consumer Cyclical 0.22% 0.15% #28 2
Prev: #30
0.6 -1,200 -2.5%
P
S
46,250 $5,014,888 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BCO
BRINK'S COMPANY
Industrials 0.16% #29
Prev: #—
3.6 30,400 no change
NEW
30,400 $3,548,592 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
KNX
KNIGHT-SWIFT TR...
Industrials 0.15% 0.21% #30 1
Prev: #29
0.1 -109,500 -63.2%
P
S
63,713 $3,330,916 2018 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SYF
SYNCHRONY FINAN...
Financial Services 0.12% 0.05% #31 4
Prev: #35
2.5 7,950 31.8%
P
S
32,940 $2,748,184 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MEDP
MEDPACE HLDGS I...
Healthcare 0.07% 0.07% #32 1
Prev: #33
0.0 -2,000 -41.7%
P
S
2,800 $1,572,620 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
OTEX
OPEN TEXT CORP
Technology 0.04% 0.06% #33 1
Prev: #34
0.0 -23,750 -44.7%
P
S
29,410 $958,178 2014 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
WFG
WEST FRASER TIM...
Basic Materials 0.04% 0.04% #34 2
Prev: #36
0.5 -1,900 -11.0%
P
S
15,450 $944,150 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
TNC
TENNANT CO
Industrials 0.03% 0.01% #35 2
Prev: #37
3.0 4,500 84.9%
P
S
9,800 $722,260 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
PNTG
PENNANT GROUP
Healthcare 0.02% 0.01% #36 2
Prev: #38
2.0 1,000 8.3%
P
S
13,000 $365,950 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
DCBO
DOCEBO INC
Technology 0.01% 0.01% #37 2
Prev: #39
3.0 5,600 57.7%
P
S
15,300 $339,660 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CLW
CLEARWATER PAPE...
Basic Materials 0.01% 0.01% #38 2
Prev: #40
0.5 500 4.1%
P
S
12,700 $220,980 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
LVLU
LULU S FASHION ...
Consumer Cyclical 0.00% 0.00%
Sold All 😨
(Was: #41)
0.0 -3,668 -100.0%
CLOSED
$— 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MAGN
MAGNERA CORPORA...
Consumer Defensive 0.00% 0.11%
Sold All 😨
(Was: #32)
0.0 -314,733 -100.0%
CLOSED
$— 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ARCB
ARCBEST CORP
Industrials 0.00% 1.19%
Sold All 😨
(Was: #26)
0.0 -565,450 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
KMX
CARMAX INC
Consumer Cyclical 0.00% 3.67%
Sold All 😨
(Was: #12)
0.0 -2,707,477 -100.0%
CLOSED
$— 2018 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-42 of 42 holdings

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