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. common stock through multiple transactions.

Summary

• Turtle Creek Asset Management Inc. has filed a Form 4 disclosing changes in beneficial ownership of JELD-WEN Holding, Inc. common stock.
• The transactions involved purchases of common stock across several funds managed by Turtle Creek, including 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.
• On March 5, 2025, purchases were made at a weighted average price of $5.6162 per share.
• On March 6, 2025, additional purchases occurred at a weighted average price of $5.7309 per share.
• Following these transactions, Turtle Creek's indirect beneficial ownership through these funds increased.
• Turtle Creek disclaims beneficial ownership except to the extent of its pecuniary interest.

Sentiment

Score: 5

Explanation: Neutral sentiment as the document simply reports transactions without expressing an opinion on the company's performance or future prospects.

Positives

• Increased investment by Turtle Creek Asset Management may signal confidence in JELD-WEN's prospects.

Industry Context

This filing reflects ongoing investment activity in the market. Institutional investors like Turtle Creek frequently adjust their holdings based on their investment strategies and outlook for specific companies and the broader market.

Stakeholder Impact

• The increased stake by Turtle Creek could be viewed positively by shareholders.

Key Dates