Turtle Creek Asset Management Inc.

Q4 2025 13F-HR Holdings

Location
Toronto, A6
Holdings as of
12/31/2025
Date filed
2/13/2026
Form type
13F-HR
Num holdings
38
Total value ($000)
$2,272,299
Net value change ($000)
-1,041,135 (-31.4%)
New positions
1
Sold out positions
4
Turnover %
7.4%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/14/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
EEFT 13,140 15.7%
KNSL 12,918 13.4%
BFH 5,760 3.1%
BCO 3,549 NEW
ITT 1,077 22.9%
SYF 972 54.7%
TNC 292 67.9%
PATK 107 2.2%
BLDR 104 1.5%
DCBO 75 28.3%
Top Reduces (Value $000, Stocks/ETFs)
CE -124,076 -57.6%
KMX -121,484 -100.0%
BC -103,637 -56.0%
CCOI -89,527 -50.7%
FISV -83,612 -83.4%
WSC -67,854 -36.8%
DOO -52,216 -50.0%
JELD -40,732 -49.9%
FND -40,348 -25.4%
ARCB -39,508 -100.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
Filter:
Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type