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

Turtle Creek Asset Management reports increased ownership 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 between April 11, 2025, and April 15, 2025.
• The purchases were made at weighted average prices ranging from $5.1373 to $5.1518 per share.
• The funds involved include 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.
• Following these transactions, Turtle Creek's total indirect beneficial ownership amounts to over 16 million shares across the various funds.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock purchases. It doesn't inherently convey positive or negative sentiment about the company's prospects.

Positives

• Increased investment by Turtle Creek Asset Management may signal confidence in JELD-WEN's future prospects.
• The purchases occurred at prices between $5.02 and $5.25, indicating a willingness to invest at these levels.

Risks

• The document does not provide insight into Turtle Creek's motivations for increasing its stake, which could be speculative.
• The increased ownership may not necessarily translate to positive performance for JELD-WEN.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding JELD-WEN's future performance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding insider transactions and significant ownership changes in publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership, similar to filings made by other institutional investors in publicly traded companies.
• The reported transactions are relatively small compared to the overall market capitalization of JELD-WEN Holding, Inc.

Stakeholder Impact

• The increased stake by Turtle Creek could be viewed positively by shareholders, potentially leading to increased confidence in the company.
• The transactions themselves have a limited direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

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