Andrew Brenton – Turtle Creek Asset Management Portfolio Activity & Recent Trades (Sep 30, 2025)
As of Sep 30, 2025, the Turtle Creek Asset Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Nov 14, 2025. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.
During Q3 2025, the filing reported:
New Buys – ArcBest Corporation, The Ensign Group, Inc., Fiserv, Inc., WEX Inc.
Increases – Cogent Communications Holdings,, Celanese Corporation, Clearwater Paper Corporation, Euronet Worldwide, Inc., JELD-WEN Holding, Inc., and 8 more
Reductions – ATS Corporation, Brunswick Corporation, Bread Financial Holdings, Inc., Builders FirstSource, Inc., BorgWarner Inc., and 18 more
Complete Exits – CVS Health Corporation, Amcor, PHINIA Inc., Sealed Air Corporation
These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.
| Date | Symbol | Name | Type | Change Qty | % Change | Value | Remaining |
|---|---|---|---|---|---|---|---|
Q3 2025 | ARCB ArcBest Corporation | ArcBest Corporation | Buy - Position Entry | +565,450 | - | $39.51M | 565,450 |
Q3 2025 | ATS ATS Corporation | ATS Corporation | Sell | -617,528 | -8.1% | $182.69M | 6,973,010 |
Q3 2025 | BC Brunswick Corporation | Brunswick Corporation | Sell | -648,394 | -18.1% | $185.05M | 2,926,223 |
Q3 2025 | BFH Bread Financial Holdings, Inc. | Bread Financial Holdings, Inc. | Sell | -311,050 | -8.7% | $183.12M | 3,283,546 |
Q3 2025 | BLDR Builders FirstSource, Inc. | Builders FirstSource, Inc. | Sell | -10,050 | -15.1% | $6.86M | 56,540 |
Q3 2025 | BWA BorgWarner Inc. | BorgWarner Inc. | Sell | -2,785,803 | -77.8% | $34.85M | 792,686 |
Q3 2025 | CCOI Cogent Communications Holdings, | Cogent Communications Holdings, | Buy | +1,811,222 | +64.9% | $176.56M | 4,603,933 |
Q3 2025 | CE Celanese Corporation | Celanese Corporation | Buy | +887,600 | +21.0% | $215.25M | 5,115,365 |
Q3 2025 | CIGI Colliers International Group In | Colliers International Group In | Sell | -434,400 | -34.7% | $127.49M | 816,133 |
Q3 2025 | CLW Clearwater Paper Corporation | Clearwater Paper Corporation | Buy | +1,500 | +14.0% | $253.27K | 12,200 |
Q3 2025 | CVS CVS Health Corporation | CVS Health Corporation | Sell - Position Exit | -10,500 | -100.0% | $0.00 | - |
Q3 2025 | DCBO Docebo Inc. | Docebo Inc. | Sell | -500 | -4.9% | $265.10K | 9,700 |
Q3 2025 | DOOO BRP Inc. | BRP Inc. | Sell | -1,268,625 | -42.5% | $104.40M | 1,717,746 |
Q3 2025 | ECPG Encore Capital Group Inc | Encore Capital Group Inc | Sell | -92,000 | -4.5% | $81.29M | 1,947,490 |
Q3 2025 | EEFT Euronet Worldwide, Inc. | Euronet Worldwide, Inc. | Buy | +249,676 | +35.4% | $83.89M | 955,346 |
Q3 2025 | ENSG The Ensign Group, Inc. | The Ensign Group, Inc. | Buy - Position Entry | +456,332 | - | $78.84M | 456,332 |
Q3 2025 | FI Fiserv, Inc. | Fiserv, Inc. | Buy - Position Entry | +777,450 | - | $100.24M | 777,450 |
Q3 2025 | FND Floor & Decor Holdings, Inc. | Floor & Decor Holdings, Inc. | Sell | -102,788 | -4.6% | $158.82M | 2,155,011 |
Q3 2025 | G0250X107 Amcor | Amcor | Sell - Position Exit | -8,400,523 | -100.0% | $0.00 | - |
Q3 2025 | GIL Gildan Activewear, Inc. | Gildan Activewear, Inc. | Sell | -115,800 | -7.3% | $85.25M | 1,474,955 |
Q3 2025 | IR Ingersoll Rand Inc. | Ingersoll Rand Inc. | Sell | -35,326 | -1.9% | $148.62M | 1,798,850 |
Q3 2025 | ITT ITT Inc. | ITT Inc. | Sell | -5,300 | -16.8% | $4.69M | 26,264 |
Q3 2025 | JELD JELD-WEN Holding, Inc. | JELD-WEN Holding, Inc. | Buy | +407,947 | +2.5% | $81.63M | 16,625,557 |
Q3 2025 | KMX CarMax Inc | CarMax Inc | Buy | +16,627 | +0.6% | $121.48M | 2,707,477 |
Q3 2025 | KNSL Kinsale Capital Group, Inc. | Kinsale Capital Group, Inc. | Buy | +25,666 | +12.8% | $96.07M | 225,920 |
Q3 2025 | KNX Knight-Swift Transportation Hol | Knight-Swift Transportation Hol | Buy | +9,700 | +5.9% | $6.84M | 173,213 |
Q3 2025 | LVLU Lulu's Fashion Lounge Holdings, | Lulu's Fashion Lounge Holdings, | Sell | -51,332 | -93.3% | $17.24K | 3,668 |
Q3 2025 | MEDP Medpace Holdings, Inc. | Medpace Holdings, Inc. | Sell | -6,200 | -56.4% | $2.47M | 4,800 |
Q3 2025 | MGA Magna International, Inc. | Magna International, Inc. | Sell | -606,850 | -23.7% | $92.39M | 1,949,952 |
Q3 2025 | MIDD The Middleby Corporation | The Middleby Corporation | Buy | +59,050 | +4.2% | $194.32M | 1,461,810 |