Andrew Brenton - Turtle Creek Asset Management 13F Activity & Position Changes (Q4 2023)

As of Dec 31, 2023, the Turtle Creek Asset Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Feb 14, 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 Q4 2023, the filing reported:

New Buys - None reported

Increases - ATS Corporation, Aviat Networks, Inc., Brunswick Corporation, BorgWarner Inc., Colliers International Group In, and 6 more

Reductions - Berry Global Group, Inc., Bread Financial Holdings, Inc., Builders FirstSource, Inc., Celanese Corporation, CVS Health Corporation, and 21 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
Q4 2023	ATS ATS Corporation	ATS Corporation	Buy	+484,050	+20.1%	$124.60M	2,893,030
Q4 2023	AVNW Aviat Networks, Inc.	Aviat Networks, Inc.	Buy	+1,800	+45.0%	$189.43K	5,800
Q4 2023	BC Brunswick Corporation	Brunswick Corporation	Buy	+50,060	+3.0%	$167.60M	1,732,314
Q4 2023	BERY Berry Global Group, Inc.	Berry Global Group, Inc.	Sell	-710,450	-15.2%	$268.04M	3,977,380
Q4 2023	BFH Bread Financial Holdings, Inc.	Bread Financial Holdings, Inc.	Sell	-345,000	-6.0%	$179.62M	5,452,961
Q4 2023	BLDR Builders FirstSource, Inc.	Builders FirstSource, Inc.	Sell	-2,310	-15.2%	$2.14M	12,840
Q4 2023	BWA BorgWarner Inc.	BorgWarner Inc.	Buy	+799,450	+33.6%	$114.01M	3,180,210
Q4 2023	CE Celanese Corporation	Celanese Corporation	Sell	-170,600	-22.7%	$90.09M	579,856
Q4 2023	CIGI Colliers International Group In	Colliers International Group In	Buy	+104,550	+7.7%	$185.82M	1,468,673
Q4 2023	CVS CVS Health Corporation	CVS Health Corporation	Sell	-124,950	-6.8%	$134.36M	1,701,600
Q4 2023	DCBO Docebo Inc.	Docebo Inc.	Sell	-700	-53.8%	$29.03K	600
Q4 2023	DFS Discover Financial Services	Discover Financial Services	Sell	-166,900	-10.3%	$163.02M	1,450,400
Q4 2023	DOOO BRP Inc.	BRP Inc.	Buy	+61,860	+146.8%	$7.46M	104,010
Q4 2023	ECPG Encore Capital Group Inc	Encore Capital Group Inc	Sell	-135,588	-6.2%	$103.26M	2,034,598
Q4 2023	EEFT Euronet Worldwide, Inc.	Euronet Worldwide, Inc.	Sell	-194,924	-16.3%	$101.49M	1,000,026
Q4 2023	FI Fiserv, Inc.	Fiserv, Inc.	Sell	-1,700	-12.6%	$1.57M	11,800
Q4 2023	FND Floor & Decor Holdings, Inc.	Floor & Decor Holdings, Inc.	Sell	-63,820	-5.1%	$133.42M	1,195,940
Q4 2023	GIL Gildan Activewear, Inc.	Gildan Activewear, Inc.	Sell	-1,403,219	-24.5%	$142.79M	4,319,030
Q4 2023	IR Ingersoll Rand Inc.	Ingersoll Rand Inc.	Sell	-292,300	-12.2%	$162.47M	2,100,730
Q4 2023	JBT John Bean Technologies Corporat	John Bean Technologies Corporat	Sell	-723,432	-96.7%	$2.46M	24,734
Q4 2023	KMX CarMax Inc	CarMax Inc	Buy	+95,663	+3.9%	$195.83M	2,551,822
Q4 2023	KNX Knight-Swift Transportation Hol	Knight-Swift Transportation Hol	Sell	-650	-0.4%	$10.46M	181,413
Q4 2023	MGA Magna International, Inc.	Magna International, Inc.	Sell	-166,250	-8.4%	$107.78M	1,824,254
Q4 2023	MIDD The Middleby Corporation	The Middleby Corporation	Buy	+104,630	+6.9%	$237.48M	1,613,645
Q4 2023	OTEX Open Text Corporation	Open Text Corporation	Sell	-177,470	-4.9%	$144.33M	3,434,878
Q4 2023	PHIN PHINIA Inc.	PHINIA Inc.	Sell	-197,799	-96.7%	$205.97K	6,800
Q4 2023	PNTG The Pennant Group, Inc.	The Pennant Group, Inc.	Sell	-1,906	-10.7%	$221.33K	15,900
Q4 2023	RVLV Revolve Group, Inc.	Revolve Group, Inc.	Sell	-374,399	-21.7%	$22.35M	1,348,221
Q4 2023	SCI Service Corporation Internation	Service Corporation Internation	Sell	-160,150	-6.7%	$153.01M	2,235,325
Q4 2023	SEE Sealed Air Corporation	Sealed Air Corporation	Buy	+17,740	+13.3%	$5.53M	151,290

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