Turtle Creek
Turtle Creek Equity Fund
Jun 2026 → Jun 2026
Our archive holds 1 letter from this strategy, behind 1 investment thesis and positions in 8 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.
Performance
as of Jun 30, 2026 · net of fees · Class I Series 1.0 Units
- YTD+6.1%
| YTD | |
|---|---|
| Turtle Creek Equity Fund | +6.1% |
Disclaimer
These figures are copied from the manager’s latest letter, as of Jun 30, 2026. They were extracted automatically, have not been verified by HF Best Ideas and may contain errors. They cover a single share class, in the currency and fee basis stated above; other share classes and your own returns will differ. This is not investment advice, nor an offer to buy or sell any fund. Past performance does not predict future returns.
Read full disclosures →What it bought and sold
In a similar vein, shares of TFI International have almost doubled in the past year and now the company is less than a 1% weight, the lowest weighting since we added the company 20 years ago.
Gildan was one of our smallest positions at the time, as the share price had roughly doubled in the past year, but this price decline gave us the opportunity to purchase almost 50% more shares at attractive prices.
Since we believe the AI concerns relating to Colliers are misplaced, we have increased our position such that it is now a top five weighting.
The price decline caused by the short report provided us the opportunity to increase the number of shares we owned by 60%.
During the quarter we reduced our shares owned in Bread by close to 50% and it has gone from being our largest position to barely a top five holding.