Turtle Creek Asset Management boosts Colliers International stake after 30% quarterly drop

Corporate Action
โดย Insider Monkey·Read original
Summary · why it matters

Turtle Creek Asset Management increased its position in Colliers International Group during the first quarter of 2026, making it a top-five holding for the first time after the stock fell 30% in the period. The firm dismissed AI-related concerns that roiled Colliers' commercial real estate, engineering, and investment management divisions as misplaced and simplistic, noting the company expects mid-teens EPS growth this year and beyond. Founder and CEO Jay Hennick also bought $16 million worth of stock for his family foundation, and Colliers announced a significant acquisition of a European engineering firm to support its bolt-on acquisition strategy in the EMEA region. Colliers shares closed at $92.89 on June 17, 2026, with a market capitalization of $4.75 billion, and the stock was held by 20 hedge funds at quarter-end.

Impact on stocks 1

Real Estate▲ · 1 stocks
Colliers International Group Inc Bats
CIGI
▲ PositiveCapitalrelevance

Insider buying by CEO and increased stake by Turtle Creek signal confidence; acquisition of European engineering firm supports growth strategy.

Off-coverage companies 1

Turtle Creek Asset ManagementPrivate▲ Positive
Capitalrelevance

Turtle Creek increased its position in Colliers, making it a top-five holding, reflecting its investment decision.

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