Andrew Brenton - Turtle Creek Asset Management 13F Activity & Position Changes (Q4 2024)

As of Dec 31, 2024, the Turtle Creek Asset Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Feb 14, 2025. 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 2024, the filing reported:

New Buys - Magnera, Cogent Communications Holdings,, Tennant Company

Increases - Brunswick Corporation, Builders FirstSource, Inc., BorgWarner Inc., Celanese Corporation, Clearwater Paper Corporation, and 10 more

Reductions - ATS Corporation, Berry Global Group, Inc., Bread Financial Holdings, Inc., Colliers International Group In, CVS Health Corporation, and 14 more

Complete Exits - Aviat Networks, Inc., Revolve Group, Inc., Urban Outfitters, Inc.

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 2024	55939A107 Magnera	Magnera	Buy - Position Entry	+572,587	-	$10.40M	572,587
Q4 2024	ATS ATS Corporation	ATS Corporation	Sell	-567,696	-6.4%	$254.16M	8,338,573
Q4 2024	AVNW Aviat Networks, Inc.	Aviat Networks, Inc.	Sell - Position Exit	-2,900	-100.0%	$0.00	-
Q4 2024	BC Brunswick Corporation	Brunswick Corporation	Buy	+488,412	+19.7%	$191.81M	2,965,460
Q4 2024	BERY Berry Global Group, Inc.	Berry Global Group, Inc.	Sell	-1,297,930	-33.2%	$169.17M	2,615,849
Q4 2024	BFH Bread Financial Holdings, Inc.	Bread Financial Holdings, Inc.	Sell	-842,622	-18.4%	$228.43M	3,740,994
Q4 2024	BLDR Builders FirstSource, Inc.	Builders FirstSource, Inc.	Buy	+5,900	+44.6%	$2.74M	19,140
Q4 2024	BWA BorgWarner Inc.	BorgWarner Inc.	Buy	+267,250	+7.0%	$129.66M	4,078,780
Q4 2024	CCOI Cogent Communications Holdings,	Cogent Communications Holdings,	Buy - Position Entry	+125,200	-	$9.65M	125,200
Q4 2024	CE Celanese Corporation	Celanese Corporation	Buy	+2,550,334	+266.7%	$242.68M	3,506,440
Q4 2024	CIGI Colliers International Group In	Colliers International Group In	Sell	-43,900	-3.3%	$174.68M	1,284,723
Q4 2024	CLW Clearwater Paper Corporation	Clearwater Paper Corporation	Buy	+1,000	+12.2%	$273.88K	9,200
Q4 2024	CVS CVS Health Corporation	CVS Health Corporation	Sell	-144,676	-6.9%	$87.67M	1,952,991
Q4 2024	DCBO Docebo Inc.	Docebo Inc.	Buy	+200	+6.5%	$147.74K	3,300
Q4 2024	DOOO BRP Inc.	BRP Inc.	Buy	+668,607	+29.0%	$151.12M	2,970,680
Q4 2024	ECPG Encore Capital Group Inc	Encore Capital Group Inc	Sell	-35,500	-1.7%	$98.27M	2,057,143
Q4 2024	EEFT Euronet Worldwide, Inc.	Euronet Worldwide, Inc.	Sell	-37,449	-4.4%	$84.24M	819,157
Q4 2024	FND Floor & Decor Holdings, Inc.	Floor & Decor Holdings, Inc.	Buy	+175,350	+14.7%	$136.76M	1,371,683
Q4 2024	GIL Gildan Activewear, Inc.	Gildan Activewear, Inc.	Sell	-536,950	-17.1%	$122.59M	2,605,480
Q4 2024	IR Ingersoll Rand Inc.	Ingersoll Rand Inc.	Sell	-35,742	-2.0%	$156.35M	1,728,416
Q4 2024	JELD JELD-WEN Holding, Inc.	JELD-WEN Holding, Inc.	Buy	+1,000,000	+7.2%	$121.56M	14,842,920
Q4 2024	KMX CarMax Inc	CarMax Inc	Buy	+56,906	+2.2%	$211.76M	2,590,071
Q4 2024	KNSL Kinsale Capital Group, Inc.	Kinsale Capital Group, Inc.	Sell	-16,526	-6.3%	$113.87M	244,823
Q4 2024	KNX Knight-Swift Transportation Hol	Knight-Swift Transportation Hol	Sell	-19,800	-7.6%	$12.73M	240,063
Q4 2024	MGA Magna International, Inc.	Magna International, Inc.	Sell	-308,651	-11.9%	$95.46M	2,284,378
Q4 2024	MIDD The Middleby Corporation	The Middleby Corporation	Buy	+53,276	+2.9%	$252.80M	1,866,359
Q4 2024	OTEX Open Text Corporation	Open Text Corporation	Buy	+109,550	+2.1%	$151.99M	5,366,703
Q4 2024	PATK Patrick Industries, Inc.	Patrick Industries, Inc.	Buy	+26,600	+64.1%	$5.66M	68,100
Q4 2024	PHIN PHINIA Inc.	PHINIA Inc.	Sell	-600	-28.6%	$72.25K	1,500
Q4 2024	PNTG The Pennant Group, Inc.	The Pennant Group, Inc.	Buy	+1,500	+150.0%	$66.30K	2,500

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