Form 4: Turtle Creek Asset Management Increases Stake in JELD-WEN Holding, Inc.

Turtle Creek Asset Management has increased its holdings in JELD-WEN Holding, Inc. through multiple purchases across several of its funds.

Summary

• Turtle Creek Asset Management, through various investment funds, has acquired additional shares of JELD-WEN Holding, Inc. common stock.
• The purchases occurred on January 7th, 8th, and 10th of 2025.
• The transactions were executed at weighted average prices of $7.9049, $7.7055, and $7.6541 per share respectively.
• The total number of shares acquired across all funds was 387,798.
• The funds involved include Turtle Creek Equity Fund, Turtle Creek Investment Fund, Turtle Creek United States Equity Fund, Turtle Creek Synthetic PE Fund, and Turtle Creek North American Equity Fund.
• Following these transactions, Turtle Creek's total indirect holdings in JELD-WEN common stock have increased across all funds.

Sentiment

Score: 7

Explanation: The document indicates a positive sentiment as an institutional investor is increasing its stake in the company, suggesting confidence in its future performance. However, it is a standard filing and does not contain any major surprises.

Positives

• Turtle Creek Asset Management's increased investment suggests confidence in JELD-WEN's future prospects.
• The consistent purchasing activity over multiple days indicates a strategic investment approach.

Risks

• The document does not explicitly state the reasons for the increased investment, so there is a risk that the investment strategy may change.
• The weighted average purchase prices varied slightly, which could indicate market volatility or a change in Turtle Creek's investment strategy.

Management Comments

• The Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Industry Context

This filing indicates institutional investor activity in JELD-WEN, which could be a signal of broader market sentiment towards the building materials or home improvement sector.

Comparison to Industry Standards

• It is common for institutional investors like Turtle Creek to make incremental purchases of stock in companies they believe in.
• The size of the purchases is not unusual for a fund of this size.
• The weighted average price paid is within the range of normal market fluctuations.

Stakeholder Impact

• The increased investment by Turtle Creek could be viewed positively by shareholders, potentially increasing confidence in the company.
• The purchases may have a minor positive impact on the share price.

Key Dates

Keywords

JELD-WEN, Turtle Creek Asset Management, share purchase, equity investment, institutional investor, common stock, SEC Form 4