Andrew Brenton - Turtle Creek Asset Management Portfolio
| Period Date | Mar 31, 2025 | |
| Filing Date | May 15, 2025 | |
| Total Stocks | 38 | |
| Portfolio Value | $3.56B |
Turtle Creek Asset Management Strategy Analysis
Investment Strategy Metrics
Key metrics revealing investment style, risk management, and performance characteristics
| Metric | Value | Category | Description |
|---|---|---|---|
| Holding Period | 2.0 years | Style | Average duration positions are maintained |
| Position Count | 40 | Style | Number of active positions in portfolio |
| Position Size | 3.1% | Risk | Typical allocation per position |
| Win Rate | 53.2% | Performance | Percentage of profitable positions |
| Average Return | 45.2% | Performance | Mean return across positions |
| Sharpe Ratio | 0.11 | Performance | Return per unit of risk taken |
Investment Case Study: CELANESE (CE)
9/30/2022 - 8/4/2025
Performance Metrics
Total Return: 123,922.62%
Holding Period: 1039 days
Max Position Size: $255,769,571.00
Position Weight: 3.25%
Key Events
9/30/2022: ENTRY(601,350.00 shares) @ $0.09
12/31/2022: INCREASE(56,750.00 shares) @ $102.24
3/31/2023: INCREASE(85,256.00 shares) @ $108.89
6/30/2023: INCREASE(5,300.00 shares) @ $115.80
9/30/2023: INCREASE(1,800.00 shares) @ $125.52
12/31/2023: DECREASE(-170,600.00 shares) @ $155.37
3/31/2024: DECREASE(-51,900.00 shares) @ $171.86
6/30/2024: INCREASE(113,900.00 shares) @ $134.89
9/30/2024: INCREASE(314,250.00 shares) @ $135.96
12/31/2024: INCREASE(2,550,334.00 shares) @ $69.21
3/31/2025: INCREASE(998,925.00 shares) @ $56.77
Investment Thesis
Entry Context: Initial position established based on fundamental analysis
Sector Conditions: Favorable market conditions in the sector
Risk Factors:
- Market volatility
- Sector-specific risks
Key Learnings
- Position sizing is critical for portfolio management
- Important to monitor sector exposure