Andrew Brenton - Turtle Creek Asset Management 13F Activity & Position Changes (Q1 2024)

According to the SEC 13F filed on May 15, 2024, the Turtle Creek Asset Management portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2024. 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 2024, the filing reported:

New Buys - Kinsale Capital Group, Inc.

Increases - ATS Corporation, Brunswick Corporation, Berry Global Group, Inc., BorgWarner Inc., CVS Health Corporation, and 10 more

Reductions - Aviat Networks, Inc., Bread Financial Holdings, Inc., Builders FirstSource, Inc., Celanese Corporation, Colliers International Group In, and 18 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 2024	ATS ATS Corporation	ATS Corporation	Buy	+982,700	+34.0%	$130.69M	3,875,730
Q1 2024	AVNW Aviat Networks, Inc.	Aviat Networks, Inc.	Sell	-2,000	-34.5%	$145.69K	3,800
Q1 2024	BC Brunswick Corporation	Brunswick Corporation	Buy	+181,500	+10.5%	$184.72M	1,913,814
Q1 2024	BERY Berry Global Group, Inc.	Berry Global Group, Inc.	Buy	+277,964	+7.0%	$257.36M	4,255,344
Q1 2024	BFH Bread Financial Holdings, Inc.	Bread Financial Holdings, Inc.	Sell	-525,000	-9.6%	$183.52M	4,927,961
Q1 2024	BLDR Builders FirstSource, Inc.	Builders FirstSource, Inc.	Sell	-4,300	-33.5%	$1.78M	8,540
Q1 2024	BWA BorgWarner Inc.	BorgWarner Inc.	Buy	+1,162,770	+36.6%	$150.88M	4,342,980
Q1 2024	CE Celanese Corporation	Celanese Corporation	Sell	-51,900	-9.0%	$90.73M	527,956
Q1 2024	CIGI Colliers International Group In	Colliers International Group In	Sell	-19,950	-1.4%	$177.08M	1,448,723
Q1 2024	CVS CVS Health Corporation	CVS Health Corporation	Buy	+15,666	+0.9%	$136.97M	1,717,266
Q1 2024	DCBO Docebo Inc.	Docebo Inc.	Buy	+500	+83.3%	$53.88K	1,100
Q1 2024	DFS Discover Financial Services	Discover Financial Services	Sell	-544,638	-37.6%	$118.74M	905,762
Q1 2024	DOOO BRP Inc.	BRP Inc.	Buy	+2,126,013	+2044.0%	$149.63M	2,230,023
Q1 2024	ECPG Encore Capital Group Inc	Encore Capital Group Inc	Sell	-56,439	-2.8%	$90.22M	1,978,159
Q1 2024	EEFT Euronet Worldwide, Inc.	Euronet Worldwide, Inc.	Sell	-97,250	-9.7%	$99.24M	902,776
Q1 2024	FI Fiserv, Inc.	Fiserv, Inc.	Buy	+2,700	+22.9%	$2.32M	14,500
Q1 2024	FND Floor & Decor Holdings, Inc.	Floor & Decor Holdings, Inc.	Sell	-148,463	-12.4%	$135.77M	1,047,477
Q1 2024	GIL Gildan Activewear, Inc.	Gildan Activewear, Inc.	Buy	+20,600	+0.5%	$161.13M	4,339,630
Q1 2024	IR Ingersoll Rand Inc.	Ingersoll Rand Inc.	Sell	-285,022	-13.6%	$172.40M	1,815,708
Q1 2024	JBT John Bean Technologies Corporat	John Bean Technologies Corporat	Buy	+3,300	+13.3%	$2.94M	28,034
Q1 2024	JELD JELD-WEN Holding, Inc.	JELD-WEN Holding, Inc.	Sell	-107,000	-0.8%	$293.89M	13,842,920
Q1 2024	KMX CarMax Inc	CarMax Inc	Sell	-22,181	-0.9%	$220.36M	2,529,641
Q1 2024	KNSL Kinsale Capital Group, Inc.	Kinsale Capital Group, Inc.	Buy - Position Entry	+262,050	-	$137.51M	262,050
Q1 2024	KNX Knight-Swift Transportation Hol	Knight-Swift Transportation Hol	Buy	+34,800	+19.2%	$11.90M	216,213
Q1 2024	MGA Magna International, Inc.	Magna International, Inc.	Buy	+9,300	+0.5%	$99.89M	1,833,554
Q1 2024	MIDD The Middleby Corporation	The Middleby Corporation	Sell	-53,350	-3.3%	$250.88M	1,560,295
Q1 2024	OTEX Open Text Corporation	Open Text Corporation	Buy	+155,420	+4.5%	$139.41M	3,590,298
Q1 2024	PHIN PHINIA Inc.	PHINIA Inc.	Sell	-400	-5.9%	$245.95K	6,400
Q1 2024	PNTG The Pennant Group, Inc.	The Pennant Group, Inc.	Sell	-9,600	-60.4%	$123.67K	6,300
Q1 2024	RVLV Revolve Group, Inc.	Revolve Group, Inc.	Sell	-357,571	-26.5%	$20.97M	990,650

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