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

Turtle Creek Asset Management reports increased ownership in JELD-WEN Holding, Inc. through a series of open market purchases.

Summary

• Turtle Creek Asset Management Inc. has filed a Form 4 detailing changes in their beneficial ownership of JELD-WEN Holding, Inc. common stock.
• The transactions involved purchases of JELD-WEN shares across multiple funds managed by Turtle Creek.
• On February 27, 2025, 72,000 shares were purchased at a weighted average price of $6.0819, increasing the holdings of Turtle Creek Synthetic PE Fund to 701,934 shares.
• On February 28, 2025, an additional 46,664 shares were acquired at a weighted average price of $5.6907, bringing the fund's total to 748,598 shares.
• On March 3, 2025, 26,336 shares were purchased at a weighted average price of $5.7302, resulting in a total of 774,934 shares held by the Turtle Creek Synthetic PE Fund.
• Turtle Creek also holds shares through other funds: Turtle Creek Equity Fund (12,320,226 shares), Turtle Creek Investment Fund (1,171,330 shares), Turtle Creek United States Equity Fund (807,857 shares), and Turtle Creek North American Equity Fund (383,573 shares).
• Turtle Creek disclaims beneficial ownership except to the extent of its pecuniary interest.

Sentiment

Score: 6

Explanation: The document itself is neutral, simply reporting transactions. However, the increased investment by Turtle Creek could be interpreted as a mildly positive signal for JELD-WEN.

Positives

• Increased investment by a significant shareholder like Turtle Creek can be seen as a positive signal.
• The purchases indicate confidence in JELD-WEN's future prospects at the time of the transactions.

Industry Context

Institutional investors' activity in a company's stock is often monitored as it can reflect sentiment and potential future performance. Increased holdings by a fund like Turtle Creek could signal positive expectations for JELD-WEN within the building products industry.

Stakeholder Impact

• Shareholders may view the increased stake positively.
• The transactions could influence market perception of JELD-WEN.

Key Dates