Andrew Brenton – Turtle Creek Asset Management Portfolio Activity & Recent Trades (Jun 30, 2025)

As of Jun 30, 2025, the Turtle Creek Asset Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Aug 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 Q2 2025, the filing reported:

New Buys – Amcor (G0250X107), ITT Inc. (ITT), Medpace Holdings, Inc. (MEDP), Synchrony Financial (SYF)

Increases – Builders FirstSource, Inc. (BLDR), Cogent Communications Holdings, (CCOI), Clearwater Paper Corporation (CLW), Docebo Inc. (DCBO), Floor & Decor Holdings, Inc. (FND), and 7 more

Reductions – ATS Corporation (ATS), Brunswick Corporation (BC), Bread Financial Holdings, Inc. (BFH), BorgWarner Inc. (BWA), Celanese Corporation (CE), and 17 more

Complete Exits – Berry Global Group, Inc. (BERY)

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
Q2 2025	ATS ATS Corporation	ATS Corporation	Sell	-710,990	-8.6%	$241.99M	7,590,538
Q2 2025	BC Brunswick Corporation	Brunswick Corporation	Sell	-191,000	-5.1%	$197.46M	3,574,617
Q2 2025	BERY Berry Global Group, Inc.	Berry Global Group, Inc.	Sell - Position Exit	-2,381,600	-100.0%	$0.00	-
Q2 2025	BFH Bread Financial Holdings, Inc.	Bread Financial Holdings, Inc.	Sell	-410,151	-10.2%	$205.32M	3,594,596
Q2 2025	BLDR Builders FirstSource, Inc.	Builders FirstSource, Inc.	Buy	+33,650	+102.2%	$7.77M	66,590
Q2 2025	BWA BorgWarner Inc.	BorgWarner Inc.	Sell	-621,000	-14.8%	$119.81M	3,578,489
Q2 2025	CCOI Cogent Communications Holdings,	Cogent Communications Holdings,	Buy	+2,631,134	+1628.4%	$134.64M	2,792,711
Q2 2025	CE Celanese Corporation	Celanese Corporation	Sell	-277,600	-6.2%	$233.92M	4,227,765
Q2 2025	CIGI Colliers International Group In	Colliers International Group In	Sell	-53,350	-4.1%	$163.24M	1,250,533
Q2 2025	CLW Clearwater Paper Corporation	Clearwater Paper Corporation	Buy	+1,000	+10.3%	$291.47K	10,700
Q2 2025	CVS CVS Health Corporation	CVS Health Corporation	Sell	-1,687,941	-99.4%	$724.29K	10,500
Q2 2025	DCBO Docebo Inc.	Docebo Inc.	Buy	+4,500	+78.9%	$295.19K	10,200
Q2 2025	DOOO BRP Inc.	BRP Inc.	Sell	-630,150	-17.4%	$144.75M	2,986,371
Q2 2025	ECPG Encore Capital Group Inc	Encore Capital Group Inc	Sell	-105,615	-4.9%	$78.95M	2,039,490
Q2 2025	EEFT Euronet Worldwide, Inc.	Euronet Worldwide, Inc.	Sell	-35,479	-4.8%	$71.54M	705,670
Q2 2025	FND Floor & Decor Holdings, Inc.	Floor & Decor Holdings, Inc.	Buy	+480,443	+27.0%	$171.50M	2,257,799
Q2 2025	G0250X107 Amcor	Amcor	Buy - Position Entry	+8,400,523	-	$77.20M	8,400,523
Q2 2025	GIL Gildan Activewear, Inc.	Gildan Activewear, Inc.	Sell	-149,075	-8.6%	$78.33M	1,590,755
Q2 2025	IR Ingersoll Rand Inc.	Ingersoll Rand Inc.	Sell	-47,443	-2.5%	$152.57M	1,834,176
Q2 2025	ITT ITT Inc.	ITT Inc.	Buy - Position Entry	+31,564	-	$4.95M	31,564
Q2 2025	JELD JELD-WEN Holding, Inc.	JELD-WEN Holding, Inc.	Buy	+888,335	+5.8%	$63.57M	16,217,610
Q2 2025	KMX CarMax Inc	CarMax Inc	Buy	+88,600	+3.4%	$180.85M	2,690,850
Q2 2025	KNSL Kinsale Capital Group, Inc.	Kinsale Capital Group, Inc.	Sell	-60,619	-23.2%	$96.90M	200,254
Q2 2025	KNX Knight-Swift Transportation Hol	Knight-Swift Transportation Hol	Sell	-9,750	-5.6%	$7.23M	163,513
Q2 2025	MEDP Medpace Holdings, Inc.	Medpace Holdings, Inc.	Buy - Position Entry	+11,000	-	$3.45M	11,000
Q2 2025	MGA Magna International, Inc.	Magna International, Inc.	Sell	-144,350	-5.3%	$98.72M	2,556,802
Q2 2025	MIDD The Middleby Corporation	The Middleby Corporation	Sell	-62,447	-4.3%	$202.00M	1,402,760
Q2 2025	OTEX Open Text Corporation	Open Text Corporation	Sell	-1,965,550	-38.4%	$92.11M	3,154,503
Q2 2025	PATK Patrick Industries, Inc.	Patrick Industries, Inc.	Buy	+4,000	+5.4%	$7.26M	78,700
Q2 2025	PHIN PHINIA Inc.	PHINIA Inc.	Buy	+600	+33.3%	$106.78K	2,400