Andrew Brenton - Turtle Creek Asset Management 13F Activity & Position Changes (Q1 2026)

According to the SEC 13F filed on May 15, 2026, the Turtle Creek Asset Management portfolio showed several notable changes in holdings as of quarter-end Mar 31, 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 2026, the filing reported:

New Buys - FirstService Corporation

Increases - ATS Corporation, Brunswick Corporation, Brinks Company (The), Bread Financial Holdings, Inc., Builders FirstSource, Inc., and 23 more

Reductions - BorgWarner Inc., Knight-Swift Transportation Hol, Magna International, Inc., The Middleby Corporation, Open Text Corporation, and 4 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 2026	ATS ATS Corporation	ATS Corporation	Buy	+4,743,767	+84.1%	$292.88M	10,385,819
Q1 2026	BC Brunswick Corporation	Brunswick Corporation	Buy	+736,305	+67.1%	$133.37M	1,832,978
Q1 2026	BCO Brinks Company (The)	Brinks Company (The)	Buy	+25,100	+82.6%	$5.75M	55,500
Q1 2026	BFH Bread Financial Holdings, Inc.	Bread Financial Holdings, Inc.	Buy	+2,424,075	+95.0%	$372.62M	4,975,507
Q1 2026	BLDR Builders FirstSource, Inc.	Builders FirstSource, Inc.	Buy	+94,990	+140.4%	$13.39M	162,630
Q1 2026	BWA BorgWarner Inc.	BorgWarner Inc.	Sell	-24,700	-5.9%	$21.56M	397,398
Q1 2026	CCOI Cogent Communications Holdings,	Cogent Communications Holdings,	Buy	+4,215,997	+104.4%	$155.48M	8,252,844
Q1 2026	CE Celanese Corporation	Celanese Corporation	Buy	+2,433,144	+112.8%	$301.86M	4,589,684
Q1 2026	CIGI Colliers International Group In	Colliers International Group In	Buy	+1,613,473	+198.4%	$259.39M	2,426,714
Q1 2026	CLW Clearwater Paper Corporation	Clearwater Paper Corporation	Buy	+16,000	+126.0%	$412.71K	28,700
Q1 2026	DCBO Docebo Inc.	Docebo Inc.	Buy	+21,200	+138.6%	$637.65K	36,500
Q1 2026	DOOO BRP Inc.	BRP Inc.	Buy	+200,560	+27.2%	$67.37M	938,106
Q1 2026	ECPG Encore Capital Group Inc	Encore Capital Group Inc	Buy	+347,852	+35.8%	$92.45M	1,318,445
Q1 2026	EEFT Euronet Worldwide, Inc.	Euronet Worldwide, Inc.	Buy	+1,805,690	+141.6%	$204.46M	3,080,536
Q1 2026	ENSG The Ensign Group, Inc.	The Ensign Group, Inc.	Buy	+249,959	+74.2%	$118.29M	587,029
Q1 2026	FI Fiserv, Inc.	Fiserv, Inc.	Buy	+2,594,400	+1048.2%	$158.58M	2,841,901
Q1 2026	FND Floor & Decor Holdings, Inc.	Floor & Decor Holdings, Inc.	Buy	+2,694,643	+138.5%	$235.73M	4,640,376
Q1 2026	FSV FirstService Corporation	FirstService Corporation	Buy - Position Entry	+12,400	-	$1.72M	12,400
Q1 2026	GIL Gildan Activewear, Inc.	Gildan Activewear, Inc.	Buy	+782,805	+72.0%	$104.06M	1,869,960
Q1 2026	IR Ingersoll Rand Inc.	Ingersoll Rand Inc.	Buy	+766,862	+50.1%	$184.06M	2,297,279
Q1 2026	ITT ITT Inc.	ITT Inc.	Buy	+500	+1.5%	$6.43M	33,764
Q1 2026	KNSL Kinsale Capital Group, Inc.	Kinsale Capital Group, Inc.	Buy	+132,576	+47.6%	$140.51M	411,246
Q1 2026	KNX Knight-Swift Transportation Hol	Knight-Swift Transportation Hol	Sell	-16,500	-25.9%	$2.72M	47,213
Q1 2026	MEDP Medpace Holdings, Inc.	Medpace Holdings, Inc.	Buy	+132,770	+4741.8%	$65.10M	135,570
Q1 2026	MGA Magna International, Inc.	Magna International, Inc.	Sell	-459,051	-43.4%	$33.47M	599,801
Q1 2026	MIDD The Middleby Corporation	The Middleby Corporation	Sell	-173,475	-15.5%	$125.09M	943,514
Q1 2026	OTEX Open Text Corporation	Open Text Corporation	Sell	-2,800	-9.5%	$591.81K	26,610
Q1 2026	PATK Patrick Industries, Inc.	Patrick Industries, Inc.	Sell	-4,400	-9.5%	$4.65M	41,850
Q1 2026	PNTG The Pennant Group, Inc.	The Pennant Group, Inc.	Buy	+1,569,823	+12075.6%	$48.24M	1,582,823
Q1 2026	SCI Service Corporation Internation	Service Corporation Internation	Buy	+124,151	+12.0%	$95.84M	1,161,496

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