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 executed on April 8 and April 10, 2025.

Summary

• Turtle Creek Asset Management Inc. has filed a Form 4 detailing changes in beneficial ownership of JELD-WEN Holding, Inc. common stock.
• The transactions occurred on April 8 and April 10, 2025.
• The reporting person, Turtle Creek Asset Management, acts as the investment manager for several funds including Turtle Creek Equity Fund, Turtle Creek Investment Fund, Turtle Creek United States Equity Fund, Turtle Creek North American Equity Fund, and Turtle Creek Synthetic PE Fund.
• On April 8, 2025, the funds acquired shares at a weighted average price of $5.2568, with individual transactions ranging from $5.005 to $5.46.
• On April 10, 2025, the funds acquired additional shares at a weighted average price of $5.1557, with individual transactions ranging from $5.065 to $5.235.
• Following these transactions, Turtle Creek Equity Fund holds 12,828,937 shares, Turtle Creek Investment Fund holds 1,219,696 shares, Turtle Creek United States Equity Fund holds 841,213 shares, Turtle Creek Synthetic PE Fund holds 806,932 shares, and Turtle Creek North American Equity Fund holds 399,412 shares.

Sentiment

Score: 6

Explanation: The document itself is neutral, simply reporting transactions. The increased investment could be seen as mildly positive, but it's not a strong indicator of future performance.

Positives

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

Industry Context

Form 4 filings are a routine part of the regulatory landscape, providing transparency into the trading activities of significant shareholders and insiders. This filing indicates increased investment by a major shareholder, which could be interpreted as a positive signal for the company's prospects.

Stakeholder Impact

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

Key Dates

Keywords

JELD-WEN Holding, Turtle Creek Asset Management, beneficial ownership, Form 4, stock acquisition, investment management