Andrew Brenton - Turtle Creek Asset Management 13F Activity & Position Changes (Q1 2026)

As of Mar 31, 2026, the Turtle Creek Asset Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 15, 2026. 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 Q1 2026, the filing reported:

New Buys - FirstService Corporation

Increases - ATS Corporation, Brunswick Corporation, Brinks Company (The), Bread Financial Holdings, Inc., Builders FirstSource, Inc., and 23 more

Reductions - BorgWarner Inc., Knight-Swift Transportation Hol, Magna International, Inc., The Middleby Corporation, Open Text Corporation, and 4 more

Complete Exits - None reported

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
Q1 2026	ATS ATS Corporation	ATS Corporation	Buy	+4,743,767	+84.1%	$292.88M	10,385,819
Q1 2026	BC Brunswick Corporation	Brunswick Corporation	Buy	+736,305	+67.1%	$133.37M	1,832,978
Q1 2026	BCO Brinks Company (The)	Brinks Company (The)	Buy	+25,100	+82.6%	$5.75M	55,500
Q1 2026	BFH Bread Financial Holdings, Inc.	Bread Financial Holdings, Inc.	Buy	+2,424,075	+95.0%	$372.62M	4,975,507
Q1 2026	BLDR Builders FirstSource, Inc.	Builders FirstSource, Inc.	Buy	+94,990	+140.4%	$13.39M	162,630
Q1 2026	BWA BorgWarner Inc.	BorgWarner Inc.	Sell	-24,700	-5.9%	$21.56M	397,398
Q1 2026	CCOI Cogent Communications Holdings,	Cogent Communications Holdings,	Buy	+4,215,997	+104.4%	$155.48M	8,252,844
Q1 2026	CE Celanese Corporation	Celanese Corporation	Buy	+2,433,144	+112.8%	$301.86M	4,589,684
Q1 2026	CIGI Colliers International Group In	Colliers International Group In	Buy	+1,613,473	+198.4%	$259.39M	2,426,714
Q1 2026	CLW Clearwater Paper Corporation	Clearwater Paper Corporation	Buy	+16,000	+126.0%	$412.71K	28,700
Q1 2026	DCBO Docebo Inc.	Docebo Inc.	Buy	+21,200	+138.6%	$637.65K	36,500
Q1 2026	DOOO BRP Inc.	BRP Inc.	Buy	+200,560	+27.2%	$67.37M	938,106
Q1 2026	ECPG Encore Capital Group Inc	Encore Capital Group Inc	Buy	+347,852	+35.8%	$92.45M	1,318,445
Q1 2026	EEFT Euronet Worldwide, Inc.	Euronet Worldwide, Inc.	Buy	+1,805,690	+141.6%	$204.46M	3,080,536
Q1 2026	ENSG The Ensign Group, Inc.	The Ensign Group, Inc.	Buy	+249,959	+74.2%	$118.29M	587,029
Q1 2026	FI Fiserv, Inc.	Fiserv, Inc.	Buy	+2,594,400	+1048.2%	$158.58M	2,841,901
Q1 2026	FND Floor & Decor Holdings, Inc.	Floor & Decor Holdings, Inc.	Buy	+2,694,643	+138.5%	$235.73M	4,640,376
Q1 2026	FSV FirstService Corporation	FirstService Corporation	Buy - Position Entry	+12,400	-	$1.72M	12,400
Q1 2026	GIL Gildan Activewear, Inc.	Gildan Activewear, Inc.	Buy	+782,805	+72.0%	$104.06M	1,869,960
Q1 2026	IR Ingersoll Rand Inc.	Ingersoll Rand Inc.	Buy	+766,862	+50.1%	$184.06M	2,297,279
Q1 2026	ITT ITT Inc.	ITT Inc.	Buy	+500	+1.5%	$6.43M	33,764
Q1 2026	KNSL Kinsale Capital Group, Inc.	Kinsale Capital Group, Inc.	Buy	+132,576	+47.6%	$140.51M	411,246
Q1 2026	KNX Knight-Swift Transportation Hol	Knight-Swift Transportation Hol	Sell	-16,500	-25.9%	$2.72M	47,213
Q1 2026	MEDP Medpace Holdings, Inc.	Medpace Holdings, Inc.	Buy	+132,770	+4741.8%	$65.10M	135,570
Q1 2026	MGA Magna International, Inc.	Magna International, Inc.	Sell	-459,051	-43.4%	$33.47M	599,801
Q1 2026	MIDD The Middleby Corporation	The Middleby Corporation	Sell	-173,475	-15.5%	$125.09M	943,514
Q1 2026	OTEX Open Text Corporation	Open Text Corporation	Sell	-2,800	-9.5%	$591.81K	26,610
Q1 2026	PATK Patrick Industries, Inc.	Patrick Industries, Inc.	Sell	-4,400	-9.5%	$4.65M	41,850
Q1 2026	PNTG The Pennant Group, Inc.	The Pennant Group, Inc.	Buy	+1,569,823	+12075.6%	$48.24M	1,582,823
Q1 2026	SCI Service Corporation Internation	Service Corporation Internation	Buy	+124,151	+12.0%	$95.84M	1,161,496

Page 1 of 3