Andrew Brenton - Turtle Creek Asset Management 13F Activity & Position Changes (Q3 2023)

As of Sep 30, 2023, the Turtle Creek Asset Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Nov 14, 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 Q3 2023, the filing reported:

New Buys - Aviat Networks, Inc., PHINIA Inc., Sealed Air Corporation

Increases - ATS Corporation, Brunswick Corporation, Builders FirstSource, Inc., BorgWarner Inc., Celanese Corporation, and 22 more

Reductions - Berry Global Group, Inc., Docebo Inc., Ingersoll Rand Inc., Magna International, Inc., TFI International Inc., and 1 more

Complete Exits - Oshkosh Corporation (Holding Co, Prestige Consumer Healthcare In

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
Q3 2023	ATS ATS Corporation	ATS Corporation	Buy	+79,849	+3.4%	$102.67M	2,408,980
Q3 2023	AVNW Aviat Networks, Inc.	Aviat Networks, Inc.	Buy - Position Entry	+4,000	-	$124.80K	4,000
Q3 2023	BC Brunswick Corporation	Brunswick Corporation	Buy	+126,000	+8.1%	$132.90M	1,682,254
Q3 2023	BERY Berry Global Group, Inc.	Berry Global Group, Inc.	Sell	-179,950	-3.7%	$290.22M	4,687,830
Q3 2023	BLDR Builders FirstSource, Inc.	Builders FirstSource, Inc.	Buy	+1,650	+12.2%	$1.89M	15,150
Q3 2023	BWA BorgWarner Inc.	BorgWarner Inc.	Buy	+70,601	+3.1%	$96.11M	2,380,760
Q3 2023	CE Celanese Corporation	Celanese Corporation	Buy	+1,800	+0.2%	$94.20M	750,456
Q3 2023	CIGI Colliers International Group In	Colliers International Group In	Buy	+41,083	+3.1%	$129.93M	1,364,123
Q3 2023	CVS CVS Health Corporation	CVS Health Corporation	Buy	+1,776,200	+3527.7%	$127.53M	1,826,550
Q3 2023	DCBO Docebo Inc.	Docebo Inc.	Sell	-500	-27.8%	$52.68K	1,300
Q3 2023	DFS Discover Financial Services	Discover Financial Services	Buy	+495,145	+44.1%	$140.11M	1,617,300
Q3 2023	DOOO BRP Inc.	BRP Inc.	Buy	+17,600	+71.7%	$3.20M	42,150
Q3 2023	ECPG Encore Capital Group Inc	Encore Capital Group Inc	Buy	+5,900	+0.3%	$103.65M	2,170,186
Q3 2023	EEFT Euronet Worldwide, Inc.	Euronet Worldwide, Inc.	Buy	+467,189	+64.2%	$94.86M	1,194,950
Q3 2023	FI Fiserv, Inc.	Fiserv, Inc.	Buy	+1,400	+11.6%	$1.52M	13,500
Q3 2023	FND Floor & Decor Holdings, Inc.	Floor & Decor Holdings, Inc.	Buy	+139,850	+12.5%	$114.01M	1,259,760
Q3 2023	GIL Gildan Activewear, Inc.	Gildan Activewear, Inc.	Buy	+472,950	+9.0%	$160.28M	5,722,249
Q3 2023	IR Ingersoll Rand Inc.	Ingersoll Rand Inc.	Sell	-107,500	-4.3%	$152.48M	2,393,030
Q3 2023	JBT John Bean Technologies Corporat	John Bean Technologies Corporat	Buy	+76,883	+11.5%	$78.66M	748,166
Q3 2023	KMX CarMax Inc	CarMax Inc	Buy	+154,400	+6.7%	$173.72M	2,456,159
Q3 2023	KNX Knight-Swift Transportation Hol	Knight-Swift Transportation Hol	Buy	+55,450	+43.8%	$9.13M	182,063
Q3 2023	MGA Magna International, Inc.	Magna International, Inc.	Sell	-170,775	-7.9%	$106.71M	1,990,504
Q3 2023	MIDD The Middleby Corporation	The Middleby Corporation	Buy	+213,693	+16.5%	$193.15M	1,509,015
Q3 2023	OSK Oshkosh Corporation (Holding Co	Oshkosh Corporation (Holding Co	Sell - Position Exit	-34,450	-100.0%	$0.00	-
Q3 2023	OTEX Open Text Corporation	Open Text Corporation	Buy	+395,239	+12.3%	$126.79M	3,612,348
Q3 2023	PBH Prestige Consumer Healthcare In	Prestige Consumer Healthcare In	Sell - Position Exit	-19,500	-100.0%	$0.00	-
Q3 2023	PHIN PHINIA Inc.	PHINIA Inc.	Buy - Position Entry	+204,599	-	$5.48M	204,599
Q3 2023	PNTG The Pennant Group, Inc.	The Pennant Group, Inc.	Buy	+5,406	+43.6%	$198.18K	17,806
Q3 2023	RVLV Revolve Group, Inc.	Revolve Group, Inc.	Buy	+1,327,421	+335.9%	$23.44M	1,722,620
Q3 2023	SCI Service Corporation Internation	Service Corporation Internation	Buy	+727,854	+43.6%	$136.88M	2,395,475

Page 1 of 2