Andrew Brenton's Portfolio Shifts: Q2 2026 Activity Analysis
Turtle Creek Asset Management's holdings underwent significant adjustments in Q2 2026, marked by substantial reductions across various sectors and notable increases focused on specific industrial stocks.
As of June 30th, 2026, investor Andrew Brenton overseeing Turtle Creek Asset Management has finalized his portfolio changes for the second quarter. This period saw a distinct pattern characterized primarily by selling activities in existing holdings across multiple sectors and establishing new positions with notable increases.
The most pronounced change involved BRINK'S COMPANY (BCO), which experienced an unprecedented increase of 1,550% in its portfolio allocation. This significant stake purchase suggests a strong conviction or strategic move towards this industrial stock.
Conversely, the investor demonstrated substantial selling activity throughout Q2. Holdings like BREAD FINANCIAL HOLDINGS INC (BFH), down 73.66%, and CELANESE (CE), also reduced by 50.27%, indicate a major divestment from these previously significant positions.
Several other holdings saw substantial reductions, including the Technology sector's FISERV INC (FI), which decreased by 26.71%, and Consumer Cyclical stocks like FLOOR & DECOR (FND) (-39.28%) and GILDAN ACTIVEWEAR INC (GIL) (-41.81%). These exits, along with the sale of other significant holdings such as ATS CORP (ATS) and BRUNSWICK CORP (BC), reflect a clear strategy to trim positions.
New additions or increased stakes were evident in other sectors. The investor significantly boosted the allocation for VONTIER (VNT) by 67.48%, adding it as a significant holding. Other new positions include COGENT COMMUNICATIONS HOLDINGS (CCOI), TFI INTERNATIONAL INC (TFII), and the highly speculative BRP INC. (DOOO).
Overall, Q2 2026 appears to be a period of active rebalancing for Turtle Creek Asset Management under Andrew Brenton's guidance. The portfolio saw significant reductions in its largest sectors and exits from key holdings, while simultaneously establishing new large positions, particularly in the industrial space.