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

Turtle Creek Asset Management reports purchasing additional shares of JELD-WEN Holding, Inc. common stock across multiple funds.

Summary

• Turtle Creek Asset Management Inc. filed a Form 4 disclosing changes in beneficial ownership of JELD-WEN Holding, Inc. [JELD] common stock.
• On March 21, 2025, Turtle Creek's various funds acquired shares at a weighted average price of $5.9713.
• The purchases were made by Turtle Creek Equity Fund (55,792 shares), Turtle Creek Investment Fund (5,304 shares), Turtle Creek United States Equity Fund (3,658 shares), Turtle Creek Synthetic PE Fund (3,509 shares), and Turtle Creek North American Equity Fund (1,737 shares).
• Following these transactions, Turtle Creek's funds hold significant indirect ownership positions: Turtle Creek Equity Fund (12,485,051 shares), Turtle Creek Investment Fund (1,187,000 shares), Turtle Creek United States Equity Fund (818,664 shares), Turtle Creek Synthetic PE Fund (785,301 shares), and Turtle Creek North American Equity Fund (388,705 shares).
• Turtle Creek disclaims beneficial ownership except to the extent of its pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The increased stake suggests confidence, but the disclaimer of beneficial ownership tempers the enthusiasm.

Positives

• Turtle Creek Asset Management's increased investment could be interpreted as a positive signal regarding their confidence in JELD-WEN's future prospects.

Risks

• Turtle Creek disclaims beneficial ownership of the securities except to the extent of its pecuniary interest, which could suggest a limited commitment.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency regarding the trading activities of company insiders and major shareholders, like Turtle Creek, offering insights into their investment decisions.

Stakeholder Impact

• The increased stake by Turtle Creek could positively influence shareholder sentiment.

Key Dates

Keywords

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