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Livermore
Livermore
ZHEN

Turtle Creek Asset Management Inc.

SEC CIK
0001484148
Latest filing
Aug 14, 2026

The latest 13F from Turtle Creek Asset Management Inc. covers Q2 2026 (filed Aug 14, 2026): 38 long positions worth $2.56B. The top 10 holdings make up 53.7% of the portfolio, and the largest is Fiserv Inc (FISV) at 6.9%. Livermore has 23 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
1
Est. +$135.3K
Added
19
Est. +$299.3M
Reduced
17
Est. −$528.8M
Sold out
2
Est. −$29.9M

Top 5 holdings

Share of this quarter's portfolio value

  1. FISVFiserv Inc
    6.9%$176.6MHistory
  2. CIGIColliers International Group Inc.
    6.7%$172.5MHistory
  3. FNDFloor & Decor Holdings, Inc.
    6.5%$167.2MHistory
  4. BFHBread Financial Holdings, Inc.
    5.5%$142.0MHistory
  5. KNSLKinsale Capital Group, Inc.
    5.1%$131.6MHistory

Share of portfolio

Top 5 holdings and the other 33 positions, by share of portfolio value

  1. FISV6.9%
  2. CIGI6.7%
  3. FND6.5%
  4. BFH5.5%
  5. KNSL5.1%
  6. Other 33 positions69.1%

Biggest buys

New and added positions, by estimated amount bought

  1. BCOBrinks Co
    +$81.3MAddedHistory
  2. ENSGEnsign Group, Inc
    +$63.3MAddedHistory
  3. FISVFiserv Inc
    +$47.0MAddedHistory
  4. VNTVontier Corp
    +$41.4MAddedHistory
  5. CIGIColliers International Group Inc.
    +$19.3MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. BCOBrinks Co
    +3.17 pp0.2% → 3.4%History
  2. ENSGEnsign Group, Inc
    +2.14 pp1.9% → 4.1%History
  3. FISVFiserv Inc
    +1.38 pp5.5% → 6.9%History
  4. FNDFloor & Decor Holdings, Inc.
    +1.29 pp5.2% → 6.5%History
  5. VNTVontier Corp
    +1.21 pp2.8% → 4.0%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. TFIITFI International Inc.
    −$129.4MReducedHistory
  2. BFHBread Financial Holdings, Inc.
    −$121.4MReducedHistory
  3. WSCWillScot Holdings Corp
    −$99.5MReducedHistory
  4. ATSATS Corp
    −$52.2MReducedHistory
  5. SUNBSunbelt Rentals Holdings, Inc.
    −$48.8MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. TFIITFI International Inc.
    −3.38 pp4.4% → 1.0%History
  2. CECelanese Corp
    −2.17 pp6.3% → 4.1%History
  3. ATSATS Corp
    −1.70 pp5.2% → 3.5%History
  4. BFHBread Financial Holdings, Inc.
    −1.27 pp6.8% → 5.5%History
  5. ECPGEncore Capital Group Inc
    −1.02 pp1.0% → 0.0%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$2.56B
−$113.1M (−4.2%) vs. prior quarter
Positions
38
−1 vs. prior quarter
Top 10 concentration
53.7%
Top 10 as share of value
Turnover
11.4%
Q2 2026, one quarter
Average holding period
13.7 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $4.17B (Q3 2024)

Q1 2021: $2.08BQ2 2021: $2.37BQ3 2021: $2.62BQ4 2021: $3.02BQ1 2022: $2.86BQ2 2022: $2.58BQ3 2022: $2.41BQ4 2022: $2.84BQ1 2023: $3.23BQ2 2023: $3.49BQ3 2023: $3.50BQ4 2023: $3.79BQ1 2024: $4.10BQ2 2024: $3.88BQ3 2024: $4.17BQ4 2024: $3.85BQ1 2025: $3.56BQ2 2025: $3.44BQ3 2025: $3.31BQ4 2025: $2.27BQ1 2026: $2.67BQ2 2026: $2.56B
Q1 2021Q2 2026
13F filings of Turtle Creek Asset Management Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 202638$2.56BFISVCIGIFNDvs. Q1 2026SEC
Q1 2026May 19, 2026Amended39$2.67BBFHCIGICEvs. Q4 2025SEC
Q4 2025Feb 13, 202638$2.27BBFHMIDDATSvs. Q3 2025SEC
Q3 2025Nov 14, 202541$3.31BCEMIDDBCvs. Q2 2025SEC
Q2 2025Aug 14, 202541$3.44BATSCEBFHvs. Q1 2025SEC
Q1 2025May 15, 202538$3.56BCEMIDDATSvs. Q4 2024SEC
Q4 2024Feb 14, 202538$3.85BATSMIDDCEvs. Q3 2024SEC
Q3 2024Nov 14, 202438$4.17BBERYATSMIDDvs. Q2 2024SEC
Q2 2024Aug 14, 202439$3.88BBERYMIDDBFHvs. Q1 2024SEC
Q1 2024May 15, 202440$4.10BJELDBERYMIDDvs. Q4 2023SEC
Q4 2023Feb 14, 202439$3.79BBERYJELDMIDDvs. Q3 2023SEC
Q3 2023Nov 14, 202339$3.50BBERYBFHMIDDvs. Q2 2023SEC
Q2 2023Aug 14, 202338$3.49BBERYJELDKMXvs. Q1 2023SEC
Q1 2023May 15, 202337$3.23BBERYKMXMIDDvs. Q4 2022SEC
Q4 2022Feb 14, 202333$2.84BBERYKMXMIDDvs. Q3 2022SEC
Q3 2022Nov 14, 202231$2.41BBERYMIDDTFIIvs. Q2 2022SEC
Q2 2022Aug 12, 202226$2.58BBERYJELDTFIIvs. Q1 2022SEC
Q1 2022May 13, 202226$2.86BBERYJELDMIDDvs. Q4 2021SEC
Q4 2021Feb 14, 202226$3.02BBERYJELDMIDDvs. Q3 2021SEC
Q3 2021Nov 12, 202126$2.62BBERYJELDMIDDvs. Q2 2021SEC
Q2 2021Aug 13, 202126$2.37BBERYMIDDGILvs. Q1 2021SEC
Q1 2021May 14, 202126$2.08BBERYMIDDGIL–SEC

13D and 13G filings

Companies where Turtle Creek Asset Management Inc. reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

2 companies, largest stake first.

Companies where Turtle Creek Asset Management Inc. owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
JELDJELD-WEN Holding, Inc.13G/A19.50%16.6M shares+1.10 ppfrom 18.40%Feb 14, 20227 filingsAug 14, 2025SEC
CCOICogent Communications Holdings, Inc.13G/A8.20%4.04M shares−1.20 ppfrom 9.40%Aug 14, 20253 filingsFeb 17, 2026SEC

Latest filings

37 filings on file made by Turtle Creek Asset Management Inc. or listing it as a reporting person; the latest 20 are shown.

Schedule 13D and 13G filings by Turtle Creek Asset Management Inc.
CompanyFiled (ET)FormStakeChangeEvent dateFiling
BFHBread Financial Holdings, Inc.Aug 14, 20264:10 PM ET13G/A3.20%1.31M shares−2.40 ppfrom 5.60%Below 5%Jun 30, 2026SEC
ATSATS CorpMay 15, 20264:26 PM ET13G/A4.99%4.90M shares−0.81 ppfrom 5.80%Below 5%Mar 31, 2026SEC
ECPGEncore Capital Group IncFeb 17, 20264:26 PM ET13G/A4.40%970.6K shares–Below 5%Dec 31, 2025SEC
ATSATS CorpFeb 17, 20264:26 PM ET13G/A5.80%5.64M shares−2.00 ppfrom 7.80%Dec 31, 2025SEC
CCOICogent Communications Holdings, Inc.Feb 17, 20264:26 PM ET13G/A8.20%4.04M shares−1.20 ppfrom 9.40%Dec 31, 2025SEC
BFHBread Financial Holdings, Inc.Feb 17, 20264:26 PM ET13G/A5.60%2.55M shares−1.90 ppfrom 7.50%Dec 31, 2025SEC
DOOBRP Inc.Nov 14, 20254:51 PM ET13G/A4.96%1.72M shares−3.74 ppfrom 8.70%Below 5%Sep 30, 2025SEC
BCBrunswick CorpNov 14, 20254:51 PM ET13G/A4.50%2.93M shares−1.20 ppfrom 5.70%Below 5%Sep 30, 2025SEC
CCOICogent Communications Holdings, Inc.Nov 14, 20254:50 PM ET13G/A9.40%4.60M shares+3.70 ppfrom 5.70%Sep 30, 2025SEC
CCOICogent Communications Holdings, Inc.Aug 14, 20255:31 PM ET13G5.70%2.79M sharesNewJun 30, 2025SEC
DOOBRP Inc.Aug 14, 20255:30 PM ET13G/A8.70%2.99M shares−1.80 ppfrom 10.50%Jun 30, 2025SEC
JELDJELD-WEN Holding, Inc.Aug 14, 20255:30 PM ET13G/A19.50%16.6M shares+1.10 ppfrom 18.40%Jun 30, 2025SEC
ATSATS CorpAug 14, 20255:30 PM ET13G/A7.80%7.59M shares−1.40 ppfrom 9.20%Jun 30, 2025SEC
DOOBRP Inc.Jun 5, 202510:58 AM ET13G10.50%3.62M sharesNewSep 30, 2024SEC
ATSATS CorpJun 5, 202510:57 AM ET13G9.20%8.91M sharesNewSep 30, 2024SEC
JELDJELD-WEN Holding, Inc.May 15, 20254:33 PM ET13G/A18.40%15.7M shares+0.90 ppfrom 17.50%Mar 31, 2025SEC
BCBrunswick CorpMay 15, 20254:33 PM ET13G5.70%3.77M sharesNewMar 31, 2025SEC
JELDJELD-WEN Holding, Inc.Feb 14, 20254:47 PM ET13G/A17.50%14.8M shares–Dec 31, 2024SEC
BFHBread Financial Holdings, Inc.Feb 14, 20254:46 PM ET13G/A7.50%3.74M shares–Dec 31, 2024SEC
BFHBread Financial Holdings, Inc.Nov 14, 202413G/AOld format–––SEC