Turtle Creek Asset Management Inc.
Turtle Creek Asset Management Inc. is a Toronto-based asset manager founded in 1998. The firm manages concentrated, actively managed portfolios focusing on North American equities for institutional and high-net-worth clients. With a relatively small team, Turtle Creek is known for its long-term investment approach and independent research-driven philosophy.
Investment Strategy
Turtle Creek Asset Management employs a concentrated, fundamental, bottom-up stock selection strategy focusing on North American equities. The firm utilizes independent research to identify high-quality businesses trading below estimated intrinsic value and constructs portfolios with high active share, often differing substantially from benchmark indexes. Turtle Creek's approach emphasizes long-term ownership of a select group of companies and active portfolio management to maximize risk-adjusted returns.
Top Holdings
Equity Positions (41)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
A ATS | ATS CORP | 7.02% | $242.0M | 7,590,538 | $35.35 | $31.88 | +$35.0M |
C CE | CELANESE | 6.79% | $233.9M | 4,227,765 | $75.55 | $55.33 | -$21.8M |
B BFH | BREAD FINANCIAL HOLDINGS INC | 5.96% | $205.3M | 3,594,596 | $47.44 | $57.12 | +$4.8M |
M MIDD | MIDDLEBY CORP | 5.86% | $202.0M | 1,402,760 | $112.27 | $144.00 | -$20.7M |
B BC | BRUNSWICK CORP | 5.73% | $197.5M | 3,574,617 | $70.20 | $55.24 | -$5.3M |