Turtle Creek Asset Management
TORONTO, A6files as TURTLE CREEK ASSET MANAGEMENT INC.
$2.6bn in 38 US stocks at the end of 30 June 2026. The top 10 are 53.7% of the money. It changed about 12.6% of the portfolio this quarter.
Value
$2.6bn
Stocks
38
Top 10 share
53.7%
Turnover
12.6%
What changed this quarter
New
Bought for the first time this quarter.
- Gibraltar IndustriesROCK<0.1% of the fund
Added
Bought more of a stock they already held.
- FiservFISV6.9% of the fund+36%
- Colliers International GroupCIGI6.7% of the fund+13%
- Floor & Decor HoldingsFND6.5% of the fund+2%
- Ingersoll RandIR4.3% of the fund+4%
- Ensign GroupENSG4.1% of the fund+154%
- WEXWEX4.0% of the fund+9%
- VontierVNT4.0% of the fund+67%
- BrinksBCO3.4% of the fund+1551%
- SS&C Technologies HoldingsSSNC2.9% of the fund+5%
- Pennant GroupPNTG2.5% of the fund+8%
- Gildan ActivewearGIL2.2% of the fund+33%
- Patrick IndustriesPATK0.4% of the fund+143%
- ITTITT0.3% of the fund+11%
- FirstServiceFSV0.1% of the fund+50%
- Synchrony FinancialSYF<0.1% of the fund+2%
- DoceboDCBO<0.1% of the fund+127%
- Clearwater PaperCLW<0.1% of the fund+63%
Cut
Sold some of their stake.
- Bread Financial HoldingsBFH5.5% of the fund-46%
- Kinsale Capital GroupKNSL5.1% of the fund-3%
- WillScot HoldingsWSC5.0% of the fund-44%
- Euronet WorldwideEEFT4.9% of the fund-8%
- Sunbelt Rentals HoldingsSUNB4.5% of the fund-30%
- CelaneseCE4.1% of the fund-10%
- MiddlebyMIDD3.9% of the fund-23%
- ATS Corp /ATSATS3.5% of the fund-37%
- Service Corp InternationalSCI3.4% of the fund-3%
- Cogent Communications HoldingsCCOI2.3% of the fund-3%
- BrunswickBC2.2% of the fund-16%
- Magna InternationalMGA1.4% of the fund-11%
- TFI InternationalTFII1.0% of the fund-83%
- BRPDOO0.5% of the fund-5%
- TennantTNC<0.1% of the fund-26%
- West Fraser TimberWFG<0.1% of the fund-58%
Sold out
Sold their entire stake.
Holdings
- Colliers International GroupCIGI
- Share
- 6.7%
- Value
- $172m
- Shares
- 1,838,956
+13%
- ATS Corp /ATSATS
- Share
- 3.5%
- Value
- $89m
- Shares
- 3,084,567
-37%
- Gildan ActivewearGIL
- Share
- 2.2%
- Value
- $56m
- Shares
- 1,088,092
+33%
- Magna InternationalMGA
- Share
- 1.4%
- Value
- $35m
- Shares
- 531,211
-11%
- TFI InternationalTFII
- Share
- 1.0%
- Value
- $26m
- Shares
- 181,390
-83%
- BRPDOO
- Share
- 0.5%
- Value
- $14m
- Shares
- 222,220
-5%
- FirstServiceFSV
- Share
- 0.1%
- Value
- $3m
- Shares
- 18,650
+50%
- DoceboDCBO
- Share
- <0.1%
- Value
- $862,780
- Shares
- 48,200
+127%
- West Fraser TimberWFG
- Share
- <0.1%
- Value
- $389,218
- Shares
- 5,750
-58%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| FiservFISV | 6.9% | $177m | 3,601,046 | +36% |
| Colliers International GroupCIGI | 6.7% | $172m | 1,838,956 | +13% |
| Floor & Decor HoldingsFND | 6.5% | $167m | 2,817,478 | +2% |
| Bread Financial HoldingsBFH | 5.5% | $142m | 1,310,339 | -46% |
| Kinsale Capital GroupKNSL | 5.1% | $132m | 399,131 | -3% |
| WillScot HoldingsWSC | 5.0% | $128m | 4,422,753 | -44% |
| Euronet WorldwideEEFT | 4.9% | $124m | 1,699,473 | -8% |
| Sunbelt Rentals HoldingsSUNB | 4.5% | $116m | 1,548,907 | -30% |
| Ingersoll RandIR | 4.3% | $111m | 1,357,737 | +4% |
| CelaneseCE | 4.1% | $105m | 2,282,344 | -10% |
| Ensign GroupENSG | 4.1% | $105m | 652,046 | +154% |
| WEXWEX | 4.0% | $103m | 728,088 | +9% |
| VontierVNT | 4.0% | $103m | 3,541,654 | +67% |
| MiddlebyMIDD | 3.9% | $101m | 730,564 | -23% |
| ATS Corp /ATSATS | 3.5% | $89m | 3,084,567 | -37% |
| BrinksBCO | 3.4% | $87m | 916,120 | +1551% |
| Service Corp InternationalSCI | 3.4% | $86m | 1,130,526 | -3% |
| SS&C Technologies HoldingsSSNC | 2.9% | $75m | 1,212,057 | +5% |
| Medpace HoldingsMEDP | 2.8% | $72m | 136,660 | Held |
| Pennant GroupPNTG | 2.5% | $63m | 1,714,462 | +8% |
| Cogent Communications HoldingsCCOI | 2.3% | $58m | 4,203,527 | -3% |
| Gildan ActivewearGIL | 2.2% | $56m | 1,088,092 | +33% |
| BrunswickBC | 2.2% | $56m | 663,225 | -16% |
| Magna InternationalMGA | 1.4% | $35m | 531,211 | -11% |
| TFI InternationalTFII | 1.0% | $26m | 181,390 | -83% |
| JELD-WEN HoldingJELD | 1.0% | $25m | 16,625,557 | Held |
| BRPDOO | 0.5% | $14m | 222,220 | -5% |
| Patrick IndustriesPATK | 0.4% | $9m | 101,850 | +143% |
| Builders FirstSourceBLDR | 0.3% | $9m | 96,090 | Held |
| ITTITT | 0.3% | $7m | 37,464 | +11% |
| FirstServiceFSV | 0.1% | $3m | 18,650 | +50% |
| Synchrony FinancialSYF | <0.1% | $2m | 24,480 | +2% |
| DoceboDCBO | <0.1% | $862,780 | 48,200 | +127% |
| TennantTNC | <0.1% | $840,384 | 9,600 | -26% |
| Open TextOTEX | <0.1% | $578,337 | 26,110 | Held |
| Clearwater PaperCLW | <0.1% | $407,680 | 26,000 | +63% |
| West Fraser TimberWFG | <0.1% | $389,218 | 5,750 | -58% |
| Gibraltar IndustriesROCK | <0.1% | $135,300 | 3,000 | New |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 25.7% since 30 June 2025.
Where the money is
Financial services26.5%
Industrials17.0%
Technology16.5%
Retail & consumer16.3%
Health care9.4%
Real estate6.8%
Materials5.1%
Media & telecom2.3%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.