Turtle Creek Asset Management Made WillScot Holdings Corporation (WSC) One of Its Top-Five Holdings. Here’s Why

Turtle Creek Asset Management, an investment management company, has released its third-quarter 2025 investor letter. A copy of the letter can be downloaded here. The firm believes that the portfolio offered a compelling opportunity in a highly valued market environment. The net asset value of the Turtle Creek Equity Fund increased by 0.4% in the third quarter, lagging behind the S&P MidCap 400 index’s 7.7% increase and the S&P/TSX Completion index’s 16.3% gain. Turtle Creek Synthetic PE Fund increased 1.4%, Turtle Creek United States Equity Fund decreased 1.0% and Turtle Creek Canadian Equity Fund increased 7.8% during the same period. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its third-quarter 2025 investor letter, Turtle Creek Asset Management highlighted stocks such as WillScot Holdings Corporation (NASDAQ:WSC). WillScot Mobile Mini Holdings Corp. changed its name to WillScot Holdings Corporation (NASDAQ:WSC) in July 2024. WillScot Holdings Corporation (NASDAQ:WSC) is a company that offers workspace and portable storage solutions. The one-month return of WillScot Holdings Corporation (NASDAQ:WSC) was -17.69%, and its shares lost 48.00% of their value over the last 52 weeks. On November 12, 2025, WillScot Holdings Corporation (NASDAQ:WSC) stock closed at $18.19 per share, with a market capitalization of $3.31 billion.

Turtle Creek Asset Management stated the following regarding WillScot Holdings Corporation (NASDAQ:WSC) in its third quarter 2025 investor letter:

“WillScot Holdings Corporation (NASDAQ:WSC) is the dominant provider of turnkey space solutions in North America: modular offices, temporary classrooms, portable storage containers, etc. WillScot has consolidated what was once a fragmented industry, improving competitive behaviour and creating scale advantages that translate into pricing power. Management is focused on optimizing to drive more value out of their scale. WillScot is by far the share leader and sets pricing at a premium to competitors due to their service advantage. While it is a mature industry, we think WillScot will continue to grow through bolt-on acquisitions as well as expanding into adjacent offerings. We added the company to the portfolio last year. Since then, the share price has declined and we have added to our position making it a top five holding in the portfolio.”

Is WillScot Holdings Corporation (WSC) The Mid-Cap Stock Insiders Are Buying Recently?

WillScot Holdings Corporation (NASDAQ:WSC) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 49 hedge fund portfolios held WillScot Holdings Corporation (NASDAQ:WSC) at the end of the second quarter, up from 46 in the previous quarter. In the third quarter of 2025, WillScot Holdings Corporation (NASDAQ: WSC) reported revenue of $567 million, which is a decrease of $34 million compared to the previous year. While we acknowledge the risk and potential of WillScot Holdings Corporation (NASDAQ:WSC) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than WillScot Holdings Corporation (NASDAQ:WSC) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In another article, we covered WillScot Holdings Corporation (NASDAQ:WSC) and shared a bearish thesis on the company. In addition, please check out our hedge fund investor letters Q3 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.