Andrew Brenton

Net selling

Turtle Creek Asset Management Inc. — managed by Andrew Brenton; US equity positions disclosed quarterly via SEC 13F

Data as of 2026-06-30 (filed 2026-08-14) · Source: SEC EDGAR

Portfolio value$2.56B (−35%)

Holdings38 (−2)

Top holdingFiserv Inc

Below band1

New

Added

Exited

By what price implies: 13 demand a demanding growth rate, 3 modest.

13F × valuation

Valuation posture

Of 8 valued US positions, 1 trade below a conservative value band (as of 2026-09-02):

Fiserv IncFISV21% · below

13F · concentration

Lonely conviction

Held by ≤2 tracked superinvestors, each ≥3% of this portfolio (as of 2026-06-30):

SEC 13F · latest filing

Holdings

Security	Value	Valuation	Holders	Shares	Weight	Signal
Fiserv IncFISV	$176.6M	Below value	9	3,601,046	6.9%	Big new
Colliers International Group IncCIGI	$172.5M	—	4	1,838,956	6.7%	Core 8q
Floor & DecorFND	$167.2M	—	3	2,817,478	6.5%	Core 8q
Bread Financial Holdings IncBFH	$142.0M	—	4	1,310,339	5.5%	Core 8q
Kinsale Capital Group IncKNSL	$131.6M	—	3	399,131	5.1%	Core 8q
Willscot HoldingsWSC	$127.6M	—	5	4,422,753	5.0%	—
Euronet Worldwide IncEEFT	$124.4M	Below value· unconf.	3	1,699,473	4.9%	—
Sunbelt Rentals Holdings IncSUNB	$115.9M	—	11	1,548,907	4.5%	—
Ingersoll-Rand IncIR	$111.3M	—	3	1,357,737	4.3%	—
CelaneseCE	$105.0M	—	4	2,282,344	4.1%	—
Ensign Group IncENSG	$104.5M	—	2	652,046	4.1%	Big new
Wex IncWEX	$102.7M	—	4	728,088	4.0%	Big new
VontierVNT	$102.7M	—	5	3,541,654	4.0%	Big new
Middleby CorpMIDD	$101.1M	—	6	730,564	3.9%	—
Ats CorpATS	$88.8M	—	2	3,084,567	3.5%	—
Brink's CompanyBCO	$86.6M	—	4	916,120	3.4%	Adding 3q
Service Corp InternationalSCI	$85.9M	—	1	1,130,526	3.4%	—
Ss&C Technologies Holdings IncSSNC	$75.2M	—	6	1,212,057	2.9%	—
Medpace Hldgs IncMEDP	$72.4M	—	7	136,660	2.8%	—
Pennant GroupPNTG	$63.3M	—	1	1,714,462	2.5%	Adding 4q
Cogent Communications HoldingsCCOI	$58.3M	—	1	4,203,527	2.3%	—
Gildan Activewear IncGIL	$56.1M	—	2	1,088,092	2.2%	—
Brunswick CorpBC	$55.9M	—	3	663,225	2.2%	—
Magna International IncMGA	$34.9M	—	5	531,211	1.4%	—
Tfi International IncTFII	$26.0M	—	3	181,390	1.0%	—

Fiserv IncFISVBig new
Value$176.6MValuationBelow valueHolders9Weight6.9%
Colliers International Group IncCIGICore 8q
Value$172.5MValuation—Holders4Weight6.7%
Floor & DecorFNDCore 8q
Value$167.2MValuation—Holders3Weight6.5%
Bread Financial Holdings IncBFHCore 8q
Value$142.0MValuation—Holders4Weight5.5%
Kinsale Capital Group IncKNSLCore 8q
Value$131.6MValuation—Holders3Weight5.1%
Willscot HoldingsWSC—
Value$127.6MValuation—Holders5Weight5.0%
Euronet Worldwide IncEEFT—
Value$124.4MValuationBelow value· unconf.Holders3Weight4.9%
Sunbelt Rentals Holdings IncSUNB—
Value$115.9MValuation—Holders11Weight4.5%
Ingersoll-Rand IncIR—
Value$111.3MValuation—Holders3Weight4.3%
CelaneseCE—
Value$105.0MValuation—Holders4Weight4.1%
Ensign Group IncENSGBig new
Value$104.5MValuation—Holders2Weight4.1%
Wex IncWEXBig new
Value$102.7MValuation—Holders4Weight4.0%
VontierVNTBig new
Value$102.7MValuation—Holders5Weight4.0%
Middleby CorpMIDD—
Value$101.1MValuation—Holders6Weight3.9%
Ats CorpATS—
Value$88.8MValuation—Holders2Weight3.5%
Brink's CompanyBCOAdding 3q
Value$86.6MValuation—Holders4Weight3.4%
Service Corp InternationalSCI—
Value$85.9MValuation—Holders1Weight3.4%
Ss&C Technologies Holdings IncSSNC—
Value$75.2MValuation—Holders6Weight2.9%
Medpace Hldgs IncMEDP—
Value$72.4MValuation—Holders7Weight2.8%
Pennant GroupPNTGAdding 4q
Value$63.3MValuation—Holders1Weight2.5%
Cogent Communications HoldingsCCOI—
Value$58.3MValuation—Holders1Weight2.3%
Gildan Activewear IncGIL—
Value$56.1MValuation—Holders2Weight2.2%
Brunswick CorpBC—
Value$55.9MValuation—Holders3Weight2.2%
Magna International IncMGA—
Value$34.9MValuation—Holders5Weight1.4%
Tfi International IncTFII—
Value$26.0MValuation—Holders3Weight1.0%

Showing top 25 of 38 positions

Exited this quarter (3)Encore Capital Group Inc、Borgwarner Inc、Knight-Swift Transportation

What is a superinvestor

About this investor

Portfolio overview

Turtle Creek Asset Management Inc.'s most recent 13F filing, for the quarter ended 2026-06-30, reports 38 positions worth $2.56B. The top 5 holdings represent 31% of that value, a broadly diversified portfolio.

The single largest position is Fiserv Inc at 6.9% of the portfolio, followed by Colliers International Group Inc at 6.7% and Floor & Decor at 6.5%.

Against the prior quarter, Andrew Brenton opened 1 new position, exited 3, added to 13, and trimmed 23. The largest new buy was Gibraltar Industries Inc. The most notable sale was the full exit from Encore Capital Group Inc.

Across all 8 quarters on file, Colliers International Group Inc has appeared in every filing, as has Floor & Decor. Colliers International Group Inc currently ranks second by value.

A 13F is filed roughly 45 days after quarter-end and covers only long positions in US-listed equities, so it is a lagging and partial view of the portfolio. Source: SEC EDGAR.

Andrew Brenton has no positions in the strike zone right now. Browse the whole market by value band

Sources· SEC EDGAR 13F as of 2026-06-30 · filed 2026-08-14

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