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, has increased its beneficial ownership of JELD-WEN Holding, Inc. common stock.
• The transactions occurred between April 3, 2025, and April 7, 2025.
• The purchases were made by 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.
• The prices paid for the shares ranged from $5.25 to $5.99 per share.
• Following these transactions, Turtle Creek's funds collectively hold significant indirect ownership positions in JELD-WEN.
• 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, indicating increased investment but without explicit positive or negative commentary.

Positives

• Increased investment by Turtle Creek could signal confidence in JELD-WEN's future prospects.

Risks

• The filing indicates indirect ownership, and Turtle Creek disclaims beneficial ownership beyond its pecuniary interest, which could limit its influence.

Industry Context

Form 4 filings are standard disclosures for significant changes in ownership by insiders or major shareholders, providing transparency to the market.

Stakeholder Impact

• Increased institutional ownership could provide some support for JELD-WEN's stock price.

Key Dates

Keywords

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