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.
Latest 13F Filing Activity
Turtle Creek Asset Management Inc. filed their most recent 13F report on Jun 30, 2025 disclosing 41 equity positions with a total 13F market value of $3B. The fund increased holdings in Cogent Communications Holdings, Amcor PLC, Ats Corp. among other positions. Turtle Creek Asset Management Inc. reduced exposure to Berry Global Group, CVS Health Corp., Open Text Corp. among others.
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 |