Andrew Brenton - Turtle Creek Asset Management 13F Activity & Position Changes (Q1 2021)

As of Mar 31, 2021, the Turtle Creek Asset Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 14, 2021. 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 2021, the filing reported:

New Buys - Encore Capital Group Inc

Increases - Berry Global Group, Inc., BorgWarner Inc., Discover Financial Services, Flowserve Corporation, Ingersoll Rand Inc., and 5 more

Reductions - Bread Financial Holdings, Inc., BRP Inc., F5, Inc., Gildan Activewear, Inc., Magna International, Inc., and 7 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 2021	BERY Berry Global Group, Inc.	Berry Global Group, Inc.	Buy	+372,300	+8.1%	$306.71K	4,995,212
Q1 2021	BFH Bread Financial Holdings, Inc.	Bread Financial Holdings, Inc.	Sell	-453,262	-33.4%	$101.09K	901,869
Q1 2021	BWA BorgWarner Inc.	BorgWarner Inc.	Buy	+62,050	+2.6%	$112.19K	2,420,074
Q1 2021	DFS Discover Financial Services	Discover Financial Services	Buy	+8,300	+0.7%	$108.57K	1,142,975
Q1 2021	DOOO BRP Inc.	BRP Inc.	Sell	-4,300	-71.7%	$148.00	1,700
Q1 2021	ECPG Encore Capital Group Inc	Encore Capital Group Inc	Buy - Position Entry	+1,328,290	-	$53.44K	1,328,290
Q1 2021	FFIV F5, Inc.	F5, Inc.	Sell	-3,200	-30.9%	$1.49K	7,150
Q1 2021	FLS Flowserve Corporation	Flowserve Corporation	Buy	+12,734	+0.8%	$63.90K	1,646,462
Q1 2021	GIL Gildan Activewear, Inc.	Gildan Activewear, Inc.	Sell	-120,750	-2.2%	$165.61K	5,401,402
Q1 2021	IR Ingersoll Rand Inc.	Ingersoll Rand Inc.	Buy	+66,250	+3.9%	$86.83K	1,764,456
Q1 2021	KMX CarMax Inc	CarMax Inc	Buy	+129,750	+34.7%	$66.85K	503,918
Q1 2021	KNX Knight-Swift Transportation Hol	Knight-Swift Transportation Hol	Buy	+300	+1.9%	$756.00	15,713
Q1 2021	MGA Magna International, Inc.	Magna International, Inc.	Sell	-195,300	-12.7%	$118.37K	1,344,500
Q1 2021	MIDD The Middleby Corporation	The Middleby Corporation	Sell	-21,000	-1.8%	$187.87K	1,133,473
Q1 2021	OTEX Open Text Corporation	Open Text Corporation	Sell	-22,750	-1.2%	$90.12K	1,888,866
Q1 2021	PBH Prestige Consumer Healthcare In	Prestige Consumer Healthcare In	Sell	-196,081	-8.3%	$96.10K	2,180,057
Q1 2021	PII Polaris Inc.	Polaris Inc.	Sell	-2,000	-15.6%	$1.44K	10,800
Q1 2021	PRAA PRA Group, Inc.	PRA Group, Inc.	Buy	+414,499	+18.9%	$96.77K	2,610,412
Q1 2021	SCI Service Corporation Internation	Service Corporation Internation	Buy	+231,301	+16.1%	$85.25K	1,669,845
Q1 2021	SSNC SS&C Technologies Holdings, Inc	SS&C Technologies Holdings, Inc	Buy	+193,537	+10.7%	$140.45K	2,010,115
Q1 2021	TFII TFI International Inc.	TFI International Inc.	Sell	-214,250	-15.3%	$88.72K	1,186,739
Q1 2021	ULTA Ulta Beauty, Inc.	Ulta Beauty, Inc.	Sell	-1,050	-17.9%	$1.48K	4,800
Q1 2021	URBN Urban Outfitters, Inc.	Urban Outfitters, Inc.	Sell	-715,167	-23.4%	$87.11K	2,342,439