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

As of Mar 31, 2024, the Turtle Creek Asset Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 15, 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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