13F
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Black Creek Investment Management Inc.

13F equity value
$1.9B
Positions
25
Top 10 concentration
82.1%
Quarters / total new picks
24 / 40
13F equity value over time
$0M$2B$4B2017201820192020202120222023202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 24 quarters, returned +5.1% per quarter — versus +2.4% per quarter from simply owning every 13F stock. It beat that baseline in only 50.0% of quarters (excess t = 0.02, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
+0.1%
t-stat
0.02
Quarterly win rate
50%
Annualized excess
+7.2%
$1 → follow vs universe
$2.35 vs $1.60
Cumulative return: $1 invested in new picks vs universe
1.00 20180331: universe 1.04120190630: universe 1.11920190930: universe 1.20320191231: universe 0.97120200331: universe 1.17020200630: universe 1.29320201231: universe 1.35120210331: universe 1.36420210930: universe 1.22420211231: universe 1.04220220331: universe 1.11820220630: universe 1.03620220930: universe 1.11320221231: universe 1.03420230331: universe 1.08920230930: universe 1.23620231231: universe 1.29220240331: universe 1.32120240930: universe 1.30920241231: universe 1.22220250331: universe 1.33220250630: universe 1.37420250930: universe 1.54520251231: universe 1.598 20180331: follow 1.10720190630: follow 1.26820190930: follow 1.35320191231: follow 0.88820200331: follow 0.97820200630: follow 1.05920201231: follow 0.93220210331: follow 0.88720210930: follow 0.80320211231: follow 0.88920220331: follow 1.00720220630: follow 0.88620220930: follow 1.12020221231: follow 1.22420230331: follow 1.62120230930: follow 1.80820231231: follow 2.67420240331: follow 2.72820240930: follow 2.98020241231: follow 2.92120250331: follow 3.50520250630: follow 3.50020250930: follow 2.70120251231: follow 2.349 0.74 2.26 3.79 20182019202020212022202320242025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 25 · 2026 Q1

Ticker Value Weight QoQ
ELAN $251M
13.5%
TRIM
BAH $207M
11.1%
ADD
FCN $194M
10.4%
ADD
PSMT $175M
9.4%
TRIM
EXP $147M
7.9%
ADD
PYPL $144M
7.7%
HOLD
BF/B $139M
7.5%
ADD
BIDU $104M
5.6%
ADD
IT $101M
5.4%
ADD
GRFS $67M
3.6%
TRIM
FMX $66M
3.5%
TRIM
NTR $65M
3.5%
TRIM
NICE $59M
3.1%
TRIM
CX $36M
1.9%
ADD
ARMK $22M
1.2%
TRIM
GOOGL $17M
0.9%
TRIM
COR $16M
0.9%
ADD
SUNB $15M
0.8%
NEW
FIGS $12M
0.7%
TRIM
UBER $10M
0.6%
TRIM

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

None.

Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.