Turtle Creek Asset Management Inc 13F annual report
Turtle Creek Asset Management Inc is an investment fund managing more than $3.88 trillion ran by Meaghan Einav. There are currently 39 companies in Mrs. Einav’s portfolio. The largest investments include Berry Global Inc and Middleby, together worth $468 billion.
$3.88 trillion Assets Under Management (AUM)
As of 7th August 2024, Turtle Creek Asset Management Inc’s top holding is 4,275,066 shares of Berry Global Inc currently worth over $252 billion and making up 6.5% of the portfolio value.
Relative to the number of outstanding shares of Berry Global Inc, Turtle Creek Asset Management Inc owns more than approximately 0.1% of the company.
In addition, the fund holds 1,761,895 shares of Middleby worth $216 billion, whose value fell 6.7% in the past six months.
The third-largest holding is Bread Inc worth $209 billion and the next is Carmax Inc worth $203 billion, with 2,771,452 shares owned.
Currently, Turtle Creek Asset Management Inc's portfolio is worth at least $3.88 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Turtle Creek Asset Management Inc
The Turtle Creek Asset Management Inc office and employees reside in Toronto, Ontario, Canada. According to the last 13-F report filed with the SEC, Meaghan Einav serves as the General Counsel at Turtle Creek Asset Management Inc.
Recent trades
In the most recent 13F filing, Turtle Creek Asset Management Inc revealed that it had increased its stake in
Berry Global Inc and bought 19,722 additional shares worth around $1 million.
This means they effectively own approximately 0.1% of the company.
Berry Global Inc makes up
72.3%
of the fund's Materials sector allocation and has decreased its share price by 6.1% in the past year.
On the other hand, there are companies that Turtle Creek Asset Management Inc is getting rid of from its portfolio.
Turtle Creek Asset Management Inc closed its position in Tennant Co on 14th August 2024.
It sold the previously owned 100 shares for $12.2 million.
Meaghan Einav also disclosed a decreased stake in Bread Inc by approximately 0.1%.
This leaves the value of the investment at $209 billion and 4,681,511 shares.
One of the largest hedge funds
The two most similar investment funds to Turtle Creek Asset Management Inc are Magnetar and Artal S.A.. They manage $3.88 trillion and $3.88 trillion respectively.
Meaghan Einav investment strategy
Turtle Creek Asset Management Inc’s portfolio is diversified across 9 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 29.0% of
the total portfolio value.
The fund focuses on investments in the United States as
66.7% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
21% of the total holdings value.
On the other hand, small-cap stocks make up only 2.6% of the portfolio.
The average market cap of the portfolio companies is close to $10.9 billion.
The complete list of Turtle Creek Asset Management Inc trades based on 13F SEC filings
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Berry Global Group Inc |
0.46%
4,275,066
|
$251,587,634,000 | 6.48% |
| Middleby Corp. |
12.92%
1,761,895
|
$216,025,946,000 | 5.56% |
| Bread Financial Holdings Inc |
5.00%
4,681,511
|
$208,608,130,000 | 5.37% |
| Carmax Inc |
9.56%
2,771,452
|
$203,258,290,000 | 5.23% |
| Jeld-wen Holdings Inc |
No change
13,842,920
|
$186,464,132,000 | 4.80% |
| Brunswick Corp. |
27.93%
2,448,249
|
$178,159,080,000 | 4.59% |
| SS&C Technologies Holdings Inc |
0.32%
2,796,821
|
$175,276,772,000 | 4.51% |
| Colliers International Group Inc |
8.06%
1,565,423
|
$174,779,478,000 | 4.50% |
| Open Text Corp |
57.64%
5,659,608
|
$170,014,624,000 | 4.38% |
| Gildan Activewear Inc |
0.73%
4,371,480
|
$165,766,522,000 | 4.27% |
| Ats Corp |
31.48%
5,095,738
|
$164,643,295,000 | 4.24% |
| Ingersoll Rand Inc. |
0.19%
1,812,258
|
$164,625,517,000 | 4.24% |
| Service Corp. International |
1.24%
2,124,997
|
$151,151,037,000 | 3.89% |
| TFI International Inc |
3.69%
990,796
|
$143,823,947,000 | 3.70% |
| BRP Inc. |
4.19%
2,136,623
|
$136,807,971,000 | 3.52% |
| CVS Health Corp |
25.44%
2,154,157
|
$127,224,512,000 | 3.28% |
| Kinsale Capital Group, Inc. |
25.02%
327,608
|
$126,220,810,000 | 3.25% |
| BorgWarner Inc |
10.18%
3,900,780
|
$125,761,147,000 | 3.24% |
| Floor & Decor Holdings Inc |
20.59%
1,263,177
|
$125,572,426,000 | 3.23% |
| Discover Financial Services |
3.81%
871,212
|
$113,963,242,000 | 2.93% |
| Magna International Inc. |
31.66%
2,414,079
|
$101,149,910,000 | 2.60% |
| Vontier Corporation |
0.66%
2,543,937
|
$97,178,393,000 | 2.50% |
| Encore Capital Group, Inc. |
9.13%
2,158,849
|
$90,088,769,000 | 2.32% |
| Euronet Worldwide Inc |
4.10%
865,802
|
$89,610,507,000 | 2.31% |
| Celanese Corp |
21.57%
641,856
|
$86,579,956,000 | 2.23% |
| Urban Outfitters, Inc. |
2.24%
1,435,361
|
$58,921,569,000 | 1.52% |
| Revolve Group Inc |
16.07%
1,149,800
|
$18,293,318,000 | 0.47% |
| Knight-Swift Transportation Holdings Inc |
27.89%
276,513
|
$13,803,529,000 | 0.36% |
| Sealed Air Corp. |
6.12%
175,790
|
$6,115,734,000 | 0.16% |
| Builders Firstsource Inc |
202.58%
25,840
|
$3,576,514,000 | 0.09% |
| John Bean Technologies Corp |
13.55%
31,834
|
$3,023,275,000 | 0.08% |
| Fiserv, Inc. |
13.79%
16,500
|
$2,459,160,000 | 0.06% |
| West Fraser Timber Co. Ltd. |
2.02%
20,200
|
$1,552,774,000 | 0.04% |
| Synchrony Financial |
7.67%
32,300
|
$1,524,237,000 | 0.04% |
| Phinia Inc |
37.50%
4,000
|
$157,440,000 | 0.00% |
| Pennant Group Inc |
12.70%
5,500
|
$127,545,000 | 0.00% |
| Aviat Networks Inc |
13.16%
4,300
|
$123,367,000 | 0.00% |
| Lulu S Fashion Lounge |
No change
55,000
|
$101,750,000 | 0.00% |
| Docebo Inc. |
118.18%
2,400
|
$92,712,000 | 0.00% |
| Tennant Co. |
Closed
100
|
$12,161,000 | |
| No transactions found | |||
| Showing first 500 out of 40 holdings | |||
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