Andrew Brenton - Turtle Creek Asset Management Investment Strategy & Portfolio Analysis

As of Mar 31, 2026, Andrew Brenton's Turtle Creek Asset Management portfolio reflects a balanced investor approach across 39 reported 13F positions. Portfolio returns are led by Bread Financial Holdings, (~10% of total exposure), with the top five holdings representing approximately 39% of reported value. The portfolio maintains structural breadth across 39 positions, with economic weighting tilted toward industrials and consumer cyclical companies names. Exposure to high-growth and technology-oriented segments is moderate relative to peers, with performance weighted across industrials, consumer discretionary, and financials. The portfolio exhibits low turnover, consistent with a buy-and-hold posture held through multiple reporting cycles. Distinctive traits include Long-Term Holder, Structurally Diversified.