TURTLE CREEK ASSET MANAGEMENT INC.

CIK

1484148

Location

TORONTO, A6

Portfolio Value

Mid $2,673,140,891

Diversification

Diversified

Filing Date

Global Rank

#1,004 / 8,621 ▲ 123 · as of Mar 2026

Top Industry

Specialty Industrial Machinery 14.8%

3Y Alpha vs SPY

-18.7%

Period ended 4 months ago

Filed May 19, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+6.6%

SPY

+67.9%

Annualised alpha

-16.7%

Max drawdown

−30.9%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

39 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

6.8%

−1.5 pts

Top 5

30.5%

−3.6 pts

Top 10

55.9%

−2.8 pts

HHI

451

Diversified−28

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Industrials	30.3%	$809,202,788	12
Consumer Cyclical	14.7%	$393,779,543	7
Technology	14.2%	$379,102,501	6
Financial Services	13.1%	$351,418,028	4
Real Estate	6.6%	$176,333,656	2
Basic Materials	6.3%	$168,692,939	3
Healthcare	6.2%	$165,161,543	3
Unclassified	5.5%	$147,516,674	1
Communication Services	3.1%	$81,933,219	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

20 positions

Ticker	Company	Δ Shares	Shares	Value
FISV	Fiserv Inc	+2,396,167	2,643,668	$147,516,674
WSC	WillScot Holdings Corp	+1,686,077	7,870,039	$136,623,877
PNTG	Pennant Group, Inc.	+1,569,823	1,582,823	$48,244,445
CIGI	Colliers International Group Inc.	+820,315	1,633,556	$174,610,800
FND	Floor & Decor Holdings, Inc.	+811,910	2,757,643	$140,088,264
EEFT	Euronet Worldwide, Inc.	+572,194	1,847,040	$122,588,044
CE	Celanese Corp	+391,204	2,547,744	$167,565,122
SSNC	SS&C Technologies Holdings Inc	+347,465	1,156,014	$78,111,865
VNT	Vontier Corp	+314,211	2,114,615	$75,005,394
CCOI	Cogent Communications Holdings, Inc.	+312,050	4,348,897	$81,933,219
WEX	WEX Inc.	+246,923	669,335	$102,435,028
MEDP	Medpace Holdings, Inc.	+132,770	135,570	$65,099,358
KNSL	Kinsale Capital Group, Inc.	+132,576	411,246	$140,506,308
SCI	Service Corp International	+124,151	1,161,496	$95,835,034
BLDR	Builders FirstSource, Inc.	+27,350	94,990	$7,820,526
BCO	Brinks Co	+25,100	55,500	$5,751,465
DCBO	Docebo Inc.	+5,900	21,200	$370,364
CLW	Clearwater Paper Corp	+3,300	16,000	$230,080
TNC	Tennant Co	+3,200	13,000	$863,200
ITT	Itt Inc.	+500	33,764	$6,433,054
No positions match the current search.

Trimmed

Positions the filer reduced

16 positions

Ticker	Company	Δ Shares	Shares	Value
ATS	ATS Corp /ATS	−745,383	4,896,669	$138,086,065
ECPG	Encore Capital Group Inc	−582,380	388,213	$27,221,495
DOO	BRP Inc.	−502,536	235,010	$16,876,068
MGA	Magna International Inc	−459,051	599,801	$33,474,893
BC	Brunswick Corp	−308,518	788,155	$57,346,157
TFII	TFI International Inc.	−292,300	1,082,942	$117,639,989
GIL	Gildan Activewear Inc.	−269,350	817,805	$45,510,848
IR	Ingersoll Rand Inc.	−228,900	1,301,517	$104,277,542
MIDD	MIDDLEBY Corp	−173,475	943,514	$125,091,086
BFH	Bread Financial Holdings, Inc.	−120,330	2,431,102	$182,065,228
ENSG	Ensign Group, Inc	−79,910	257,160	$51,817,740
KNX	Knight-Swift Transportation Holdings Inc.	−16,500	47,213	$2,718,524
SYF	Synchrony Financial	−9,050	23,890	$1,624,997
PATK	Patrick Industries Inc	−4,400	41,850	$4,648,279
OTEX	Open Text Corp	−2,800	26,610	$591,806
WFG	West Fraser Timber Co., Ltd	−1,700	13,750	$897,737
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
SUNB	Sunbelt Rentals Holdings, Inc.	2,201,287	$143,281,770
FSV	FirstService Corp	12,400	$1,722,856
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
BWA	Borgwarner Inc	422,098	$19,019,735
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

39 positions · $2,673,140,891 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Financial Services Healthcare Industrials Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
BFH	Bread Financial Holdings, Inc. Financial Services	Reduced	2,431,102	-120,330	$182,065,228	−3.6%	6.81%
CIGI	Colliers International Group Inc. Real Estate	Added	1,633,556	+820,315	$174,610,800	+46.1%	6.53%
CE	Celanese Corp Basic Materials	Added	2,547,744	+391,204	$167,565,122	+83.8%	6.27%
FISV	Fiserv Inc	Added	2,643,668	+2,396,167	$147,516,674	+787.3%	5.52%
SUNB	Sunbelt Rentals Holdings, Inc. Industrials	NEW	2,201,287	NEW	$143,281,770	NEW	5.36%
KNSL	Kinsale Capital Group, Inc. Financial Services	Added	411,246	+132,576	$140,506,308	+28.9%	5.26%
FND	Floor & Decor Holdings, Inc. Consumer Cyclical	Added	2,757,643	+811,910	$140,088,264	+18.2%	5.24%
ATS	ATS Corp /ATS Industrials	Reduced	4,896,669	-6,387,435	$138,086,065	−55.6%	5.17%
WSC	WillScot Holdings Corp Industrials	Added	7,870,039	+1,686,077	$136,623,877	+17.3%	5.11%
MIDD	MIDDLEBY Corp Industrials	Reduced	943,514	-173,475	$125,091,086	−24.7%	4.68%
EEFT	Euronet Worldwide, Inc. Technology	Added	1,847,040	+572,194	$122,588,044	+26.3%	4.59%
TFII	TFI International Inc. Industrials	Reduced	1,082,942	-292,300	$117,639,989	−17.2%	4.40%
IR	Ingersoll Rand Inc. Industrials	Reduced	1,301,517	-228,900	$104,277,542	−14.0%	3.90%
WEX	WEX Inc. Technology	Added	669,335	+246,923	$102,435,028	+62.8%	3.83%
SCI	Service Corp International Consumer Cyclical	Added	1,161,496	+124,151	$95,835,034	+18.5%	3.59%
CCOI	Cogent Communications Holdings, Inc. Communication Services	Added	4,348,897	+312,050	$81,933,219	−5.9%	3.07%
SSNC	SS&C Technologies Holdings Inc Technology	Added	1,156,014	+347,465	$78,111,865	+10.5%	2.92%
VNT	Vontier Corp Technology	Added	2,114,615	+314,211	$75,005,394	+12.1%	2.81%
MEDP	Medpace Holdings, Inc. Healthcare	Added	135,570	+132,770	$65,099,358	+4039.5%	2.44%
BC	Brunswick Corp Consumer Cyclical	Reduced	788,155	-308,518	$57,346,157	−29.6%	2.15%
ENSG	Ensign Group, Inc Healthcare	Reduced	257,160	-79,910	$51,817,740	−11.8%	1.94%
PNTG	Pennant Group, Inc. Healthcare	Added	1,582,823	+1,569,823	$48,244,445	+13083.3%	1.80%
GIL	Gildan Activewear Inc. Consumer Cyclical	Reduced	817,805	-269,350	$45,510,848	−33.0%	1.70%
MGA	Magna International Inc Consumer Cyclical	Reduced	599,801	-459,051	$33,474,893	−40.7%	1.25%
ECPG	Encore Capital Group Inc Financial Services	Reduced	388,213	-582,380	$27,221,495	−48.4%	1.02%
JELD	JELD-WEN Holding, Inc. Industrials	Held	16,625,557	0	$20,615,690	−49.6%	0.77%
DOO	BRP Inc. Consumer Cyclical	Reduced	235,010	-502,536	$16,876,068	−67.7%	0.63%
BLDR	Builders FirstSource, Inc. Industrials	Added	94,990	+27,350	$7,820,526	+12.4%	0.29%
ITT	Itt Inc. Industrials	Added	33,764	+500	$6,433,054	+11.5%	0.24%
BCO	Brinks Co Industrials	Added	55,500	+25,100	$5,751,465	+62.1%	0.22%
PATK	Patrick Industries Inc Consumer Cyclical	Reduced	41,850	-4,400	$4,648,279	−7.3%	0.17%
KNX	Knight-Swift Transportation Holdings Inc. Industrials	Reduced	47,213	-16,500	$2,718,524	−18.4%	0.10%
FSV	FirstService Corp Real Estate	NEW	12,400	NEW	$1,722,856	NEW	0.06%
SYF	Synchrony Financial Financial Services	Reduced	23,890	-9,050	$1,624,997	−40.9%	0.06%
WFG	West Fraser Timber Co., Ltd Basic Materials	Reduced	13,750	-1,700	$897,737	−4.9%	0.03%
TNC	Tennant Co Industrials	Added	13,000	+3,200	$863,200	+19.5%	0.03%
OTEX	Open Text Corp Technology	Reduced	26,610	-2,800	$591,806	−38.2%	0.02%
DCBO	Docebo Inc. Technology	Added	21,200	+5,900	$370,364	+9.0%	0.01%
CLW	Clearwater Paper Corp Basic Materials	Added	16,000	+3,300	$230,080	+4.1%	0.01%