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

According to the SEC 13F filed on Feb 14, 2024, the Turtle Creek Asset Management portfolio showed several notable changes in holdings as of quarter-end Dec 31, 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 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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