Turtle Creek Management, LLC

Turtle Creek Trust, located in Dallas, Texas, is a registered investment adviser specializing in investment management services since 2006. The firm, owned by TCTC Holdings, LLC, offers discretionary portfolio management primarily using equity, fixed income, and balanced strategies. Clients with separately managed accounts receive tailored investment objectives and periodic portfolio reviews. The firm manages approximately $3.66 billion in assets, with $1.33 billion under discretionary management. The minimum account size is typically $1 million but may be waived under certain circumstances. Fees are charged quarterly based on a tiered structure, starting at 1% for the first $1 million. Turtle Creek Trust does not charge performance-based fees. The firm follows a fundamental analysis approach and offers long-term and short-term investment strategies. Clients are advised on the risks associated with market volatility, foreign securities, and fixed income investments. The firm's Code of Ethics ensures ethical conduct, including restrictions on personal trading. Turtle Creek Trust reviews client accounts at least annually and offers proxy voting services through Institutional Shareholder Services. Clients receive detailed account statements from the custodian. The firm has no disciplinary history and discloses affiliations and referral arrangements transparently.