Andrew Brenton - Turtle Creek Asset Management 13F Activity & Position Changes (Q1 2020)

As of Mar 31, 2020, 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 2020, the filing reported:

New Buys - Ingersoll Rand Inc., TFI International Inc.

Increases - A.O. Smith Corporation, Berry Global Group, Inc., Bread Financial Holdings, Inc., BorgWarner Inc., Discover Financial Services, and 11 more

Reductions - Knight-Swift Transportation Hol, Open Text Corporation, PRA Group, Inc., Service Corporation Internation, SS&C Technologies Holdings, Inc

Complete Exits - Cogent Communications Holdings,, The Descartes Systems Group Inc, Fastenal Company, NetScout Systems, Inc.

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 2020	AOS A.O. Smith Corporation	A.O. Smith Corporation	Buy	+8,643	+18.4%	$2.10K	55,593
Q1 2020	BERY Berry Global Group, Inc.	Berry Global Group, Inc.	Buy	+936,789	+16.6%	$221.81K	6,579,968
Q1 2020	BFH Bread Financial Holdings, Inc.	Bread Financial Holdings, Inc.	Buy	+840,700	+183.3%	$43.72K	1,299,232
Q1 2020	BWA BorgWarner Inc.	BorgWarner Inc.	Buy	+1,816,473	+85.8%	$95.86K	3,933,624
Q1 2020	CCOI Cogent Communications Holdings,	Cogent Communications Holdings,	Sell - Position Exit	-9,700	-100.0%	$0.00	-
Q1 2020	DFS Discover Financial Services	Discover Financial Services	Buy	+937,775	+156.7%	$54.79K	1,536,125
Q1 2020	DOOO BRP Inc.	BRP Inc.	Buy	+33,300	+951.4%	$603.00	36,800
Q1 2020	DSGX The Descartes Systems Group Inc	The Descartes Systems Group Inc	Sell - Position Exit	-1,900	-100.0%	$0.00	-
Q1 2020	FAST Fastenal Company	Fastenal Company	Sell - Position Exit	-13,400	-100.0%	$0.00	-
Q1 2020	FFIV F5, Inc.	F5, Inc.	Buy	+8,700	+48.3%	$2.85K	26,700
Q1 2020	FLS Flowserve Corporation	Flowserve Corporation	Buy	+67,650	+402.7%	$2.02K	84,450
Q1 2020	GIL Gildan Activewear, Inc.	Gildan Activewear, Inc.	Buy	+1,116,350	+28.6%	$64.09K	5,022,702
Q1 2020	IR Ingersoll Rand Inc.	Ingersoll Rand Inc.	Buy - Position Entry	+3,264,056	-	$80.95K	3,264,056
Q1 2020	KMX CarMax Inc	CarMax Inc	Buy	+103,568	+25.0%	$27.88K	517,868
Q1 2020	KNX Knight-Swift Transportation Hol	Knight-Swift Transportation Hol	Sell	-631,269	-61.8%	$12.78K	389,577
Q1 2020	MGA Magna International, Inc.	Magna International, Inc.	Buy	+580,000	+40.4%	$64.35K	2,015,900
Q1 2020	MIDD The Middleby Corporation	The Middleby Corporation	Buy	+352,300	+33.2%	$80.34K	1,412,496
Q1 2020	NTCT NetScout Systems, Inc.	NetScout Systems, Inc.	Sell - Position Exit	-546,057	-100.0%	$0.00	-
Q1 2020	OTEX Open Text Corporation	Open Text Corporation	Sell	-451,100	-19.3%	$65.93K	1,888,066
Q1 2020	PBH Prestige Consumer Healthcare In	Prestige Consumer Healthcare In	Buy	+6,100	+7.2%	$3.33K	90,650
Q1 2020	PII Polaris Inc.	Polaris Inc.	Buy	+9,050	+44.3%	$1.42K	29,500
Q1 2020	PRAA PRA Group, Inc.	PRA Group, Inc.	Sell	-725,158	-24.3%	$62.63K	2,259,412
Q1 2020	SCI Service Corporation Internation	Service Corporation Internation	Sell	-478,443	-32.3%	$39.17K	1,001,594
Q1 2020	SSNC SS&C Technologies Holdings, Inc	SS&C Technologies Holdings, Inc	Sell	-255,572	-11.2%	$89.13K	2,033,943
Q1 2020	TFII TFI International Inc.	TFI International Inc.	Buy - Position Entry	+3,713,339	-	$82.03K	3,713,339
Q1 2020	TJX TJX Companies, Inc. (The)	TJX Companies, Inc. (The)	Buy	+1,300	+7.5%	$886.00	18,538
Q1 2020	URBN Urban Outfitters, Inc.	Urban Outfitters, Inc.	Buy	+2,389,911	+79.7%	$76.76K	5,390,158