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

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

Summary

• Turtle Creek Asset Management Inc., through several of its funds, increased its holdings in JELD-WEN Holding, Inc. common stock.
• The transactions occurred on April 23 and April 24, 2025.
• The purchases were made at prices ranging from $5.09 to $5.10 per share.
• The total number of shares acquired across all funds was 26,834.
• Following these transactions, Turtle Creek's beneficial ownership amounts to 13,131,300 shares via Turtle Creek Equity Fund, 1,248,442 shares via Turtle Creek Investment Fund, 861,039 shares via Turtle Creek United States Equity Fund, 825,950 shares via Turtle Creek Synthetic PE Fund and 408,826 shares via Turtle Creek North American Equity Fund.
• Turtle Creek disclaims beneficial ownership except to the extent of its pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock purchases, with no explicit positive or negative commentary. The increased stake could be seen as mildly positive, but it's not definitive.

Positives

• Increased investment by a significant shareholder like Turtle Creek could signal confidence in JELD-WEN's prospects.
• The purchases were made at market prices, indicating a willingness to invest at current valuations.

Industry Context

Institutional investors' activity in a company's stock can be an indicator of market sentiment and future performance. Increased holdings by a fund like Turtle Creek may influence other investors.

Stakeholder Impact

• Shareholders may view the increased stake positively, potentially leading to a slight increase in stock price.
• The impact on other stakeholders is likely minimal, as this is a financial transaction.

Key Dates

Keywords

JELD-WEN Holding, Turtle Creek Asset Management, Beneficial Ownership, Form 4, Stock Purchase, Investment