Andrew Brenton - Turtle Creek Asset Management 13F Activity & Position Changes (Q1 2023)

As of Mar 31, 2023, the Turtle Creek Asset Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 15, 2023. 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 2023, the filing reported:

New Buys - Docebo Inc., Lulu's Fashion Lounge Holdings,, The Pennant Group, Inc., Tennant Company

Increases - Bread Financial Holdings, Inc., Builders FirstSource, Inc., Celanese Corporation, Colliers International Group In, CVS Health Corporation, and 17 more

Reductions - Brunswick Corporation, Berry Global Group, Inc., BorgWarner Inc., BRP Inc., Euronet Worldwide, Inc., and 6 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 2023	BC Brunswick Corporation	Brunswick Corporation	Sell	-7,438	-0.5%	$127.59M	1,555,948
Q1 2023	BERY Berry Global Group, Inc.	Berry Global Group, Inc.	Sell	-506,080	-8.1%	$337.19M	5,724,830
Q1 2023	BFH Bread Financial Holdings, Inc.	Bread Financial Holdings, Inc.	Buy	+678,429	+15.9%	$149.93M	4,944,810
Q1 2023	BLDR Builders FirstSource, Inc.	Builders FirstSource, Inc.	Buy	+6,800	+46.1%	$1.91M	21,550
Q1 2023	BWA BorgWarner Inc.	BorgWarner Inc.	Sell	-373,365	-13.8%	$114.31M	2,327,659
Q1 2023	CE Celanese Corporation	Celanese Corporation	Buy	+85,256	+13.0%	$80.94M	743,356
Q1 2023	CIGI Colliers International Group In	Colliers International Group In	Buy	+87,036	+8.8%	$113.47M	1,074,990
Q1 2023	CVS CVS Health Corporation	CVS Health Corporation	Buy	+26,500	+486.2%	$2.37M	31,950
Q1 2023	DCBO Docebo Inc.	Docebo Inc.	Buy - Position Entry	+900	-	$36.67K	900
Q1 2023	DFS Discover Financial Services	Discover Financial Services	Buy	+232,700	+23.3%	$121.65M	1,230,805
Q1 2023	DOOO BRP Inc.	BRP Inc.	Sell	-50	-0.3%	$1.54M	19,750
Q1 2023	ECPG Encore Capital Group Inc	Encore Capital Group Inc	Buy	+592,906	+39.3%	$105.97M	2,100,466
Q1 2023	EEFT Euronet Worldwide, Inc.	Euronet Worldwide, Inc.	Sell	-127,063	-14.0%	$87.00M	777,461
Q1 2023	FI Fiserv, Inc.	Fiserv, Inc.	Buy	+8,000	+296.3%	$1.21M	10,700
Q1 2023	FND Floor & Decor Holdings, Inc.	Floor & Decor Holdings, Inc.	Buy	+24,400	+2.2%	$109.95M	1,119,460
Q1 2023	GIL Gildan Activewear, Inc.	Gildan Activewear, Inc.	Buy	+279,652	+6.0%	$165.14M	4,975,649
Q1 2023	IR Ingersoll Rand Inc.	Ingersoll Rand Inc.	Sell	-69,346	-2.5%	$156.52M	2,690,310
Q1 2023	JBT John Bean Technologies Corporat	John Bean Technologies Corporat	Buy	+83,500	+12.0%	$85.35M	780,949
Q1 2023	JELD JELD-WEN Holding, Inc.	JELD-WEN Holding, Inc.	Buy	+190,700	+1.4%	$176.61M	13,949,920
Q1 2023	KMX CarMax Inc	CarMax Inc	Buy	+155,700	+5.3%	$197.70M	3,075,639
Q1 2023	KNX Knight-Swift Transportation Hol	Knight-Swift Transportation Hol	Buy	+1,050	+1.5%	$4.07M	71,863
Q1 2023	LVLU Lulu's Fashion Lounge Holdings,	Lulu's Fashion Lounge Holdings,	Buy - Position Entry	+28,000	-	$66.64K	28,000
Q1 2023	MGA Magna International, Inc.	Magna International, Inc.	Buy	+36,850	+1.7%	$117.51M	2,193,529
Q1 2023	MIDD The Middleby Corporation	The Middleby Corporation	Buy	+7,400	+0.6%	$181.24M	1,236,222
Q1 2023	OSK Oshkosh Corporation (Holding Co	Oshkosh Corporation (Holding Co	Sell	-550	-1.5%	$2.93M	35,250
Q1 2023	OTEX Open Text Corporation	Open Text Corporation	Sell	-635,650	-14.9%	$139.51M	3,618,909
Q1 2023	PBH Prestige Consumer Healthcare In	Prestige Consumer Healthcare In	Buy	+9,700	+173.2%	$958.24K	15,300
Q1 2023	PNTG The Pennant Group, Inc.	The Pennant Group, Inc.	Buy - Position Entry	+7,200	-	$102.82K	7,200
Q1 2023	RVLV Revolve Group, Inc.	Revolve Group, Inc.	Sell	-1,600	-1.2%	$3.33M	126,699
Q1 2023	SCI Service Corporation Internation	Service Corporation Internation	Buy	+242,929	+17.8%	$110.56M	1,607,375

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