Turtle Creek
Turtle Creek Asset Management
Jun 2026 → Jun 2026
Our archive holds 1 letter from this strategy, behind 1 investment thesis and positions in 7 companies. Every quote below is copied verbatim from the letter it came from.
1 letter in a year — follow all of Turtle Creek for every strategy.
What it bought and sold
- TrimmedTFI International Inc.Jun 2026
One of them, Encore Capital, we recently exited (purely because of valuation) and the other two, TFI International and Magna, we have substantially sold down such that they are each about a 1% weighting in our portfolio.
One of them, Encore Capital, we recently exited (purely because of valuation) and the other two, TFI International and Magna, we have substantially sold down such that they are each about a 1% weighting in our portfolio.
One of them, Encore Capital, we recently exited (purely because of valuation) and the other two, TFI International and Magna, we have substantially sold down such that they are each about a 1% weighting in our portfolio.
Today, after declining by nearly 50%, it is one of our top five holdings as we have tripled the number of shares we own.
Even companies that have never repurchased shares have launched inaugural buyback plans – Floor & Decor, a category killer retailer of flooring products, and Kinsale Capital, a highly efficient and profitable specialty insurance company, have started buying back shares at very attractive prices.
Even companies that have never repurchased shares have launched inaugural buyback plans – Floor & Decor, a category killer retailer of flooring products, and Kinsale Capital, a highly efficient and profitable specialty insurance company, have started buying back shares at very attractive prices.
Also held
- Bread Financial Holdings, Inc.
- Gildan Activewear Inc.
- Premium Brands Holdings Corporation