Turtle Creek Asset Management Portfolio - Sep 30, 2025

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Turtle Creek Asset Management, Andrew Brenton, has built a diversified portfolio of 41 publicly traded holdings with a total market value of $3.3B as of Sep 30, 2025. This comprehensive analysis examines the latest 13F filing data to understand the investment strategy and recent portfolio adjustments.

The portfolio demonstrates a diversified approach to stock selection, with the top holding representing 6.5% of the total portfolio value. The top 5 holdings account for 29.0% of the overall portfolio allocation.

Recent portfolio activity shows 10 significant position adjustments, indicating active portfolio management and strategic repositioning. These changes reflect the investor's response to market conditions and evolving investment thesis.

Portfolio Statistics

41
Total Holdings
$3.3B
Portfolio Value
Sep 30, 2025
Latest Filing
6.5%
Largest Position

Top Holdings Analysis

The portfolio's top holdings reveal the investor's core investment thesis and sector preferences. The largest position in CELANESE (CE) represents 6.5% of the total portfolio, valued at $215.3M.

Rank Symbol Company Value Portfolio % Change
1 CE CELANESE $215.3M 6.5% +21.0%
2 MIDD MIDDLEBY CORP $194.3M 5.9% +4.2%
3 BC BRUNSWICK CORP $185.1M 5.6% -18.1%
4 WSC WILLSCOT HOLDINGS $184.3M 5.6% +71.7%
5 BFH BREAD FINANCIAL HOLDINGS INC $183.1M 5.5% -8.7%

For a complete analysis of all holdings and detailed portfolio breakdown by sector and market cap, visit our comprehensive holdings page.

Recent Portfolio Activity

Recent portfolio adjustments provide insights into the investor's evolving strategy and market outlook. The following table shows the top 10 most significant position changes from recent reporting periods (out of 192 total transactions), sorted by the magnitude of change.

For a complete history of all portfolio transactions and detailed activity analysis, visit our comprehensive activity page.

Symbol Company Quantity Change Date Action
G0250X107 Amcor -8,400,523 Sep 30, 2025 SELL
WSC WillScot Holdings Corporation +3,645,350 Sep 30, 2025 BUY
OTEX Open Text Corporation -3,101,343 Sep 30, 2025 SELL
BWA BorgWarner Inc. -2,785,803 Sep 30, 2025 SELL
CCOI Cogent Communications Holdings, +1,811,222 Sep 30, 2025 BUY
DOOO BRP Inc. -1,268,625 Sep 30, 2025 SELL
CE Celanese Corporation +887,600 Sep 30, 2025 BUY
FI Fiserv, Inc. +777,450 Sep 30, 2025 BUY
VNT Vontier Corporation -721,447 Sep 30, 2025 SELL
BC Brunswick Corporation -648,394 Sep 30, 2025 SELL

Investment Strategy Insights

Turtle Creek Asset Management's investment approach can be analyzed through several key metrics. The portfolio's concentration in top holdings suggests a diversified investment strategy, with significant positions in companies that align with the investor's long-term thesis.

The largest position in CELANESE (CE) demonstrates strong conviction in this particular investment opportunity. Recent activity shows a increase of 21.0% in this position, indicating active portfolio management and strategic positioning.

Portfolio turnover can be assessed through recent activity patterns. The 10 most significant transactions shown here (out of 192 total transactions) suggest a highly active approach to portfolio management, with frequent strategic adjustments and position changes.

Additional Analysis

Complete Holdings

View all 41 holdings with detailed analysis

Trading Activity

Track all portfolio transactions and position changes

Performance Metrics

Analyze profit, winning trades, and investment returns

Sector Allocation

Analyze portfolio breakdown by sector and industry

Turtle Creek Asset Management's portfolio as of Sep 30, 2025 reflects a strategic approach to equity investing with 41 holdings valued at $3.3B. The concentrated position in CELANESE and other top holdings demonstrates the investor's confidence in specific investment themes and long-term value creation opportunities. Recent activity indicates ongoing portfolio optimization and strategic repositioning.

For the most current portfolio data and detailed analysis, refer to the latest SEC 13F filings and our comprehensive holdings and activity pages, which are updated regularly with the latest filing information.

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