Black Creek Investment Management Inc.

TORONTO, A6 · CIK 1528593 · 13F filing filed 2023-08-10

SEC-registered investment adviser since 2012 · corporation

Assets managed$7.1bn
Staff28 · 10 in investment roles
Main clients (by assets)Private funds 88%, Pension plans 8%, Charities 2%
Private funds1 · $99.4m gross assets
Form ADV · 2026-01-02SEC adviser record

Legal entityBLACK CREEK INVESTMENT MANAGEMENT INC. (CA)

$2.9bn reported value +5.2% vs Q1 2023

38positions

82.8%in top 10

0 new 19 added 15 reduced 0 sold out vs Q1 2023

Holdings, Q2 2023

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	INTERPUBLIC GROUP COS INC COM IPG	IPG	8,517,933	$328.6m11.50%	11.50%	Reduced -2.3m	-2,279,378 -21.1%
2	BAIDU INC SPON ADR REP A BIDU	BIDU	2,026,064	$277.4m9.71%	9.71%	Added +406.0k	+406,038 25.1%
3	ZEBRA TECHNOLOGIES CORPORATI CL A ZBRA	ZBRA	933,530	$276.2m9.67%	9.67%	Added +79.1k	+79,120 9.3%
4	NUTRIEN LTD COM NTR	NTR	4,595,418	$271.6m9.51%	9.51%	Added +2.2m	+2,217,035 93.2%
5	PAYPAL HLDGS INC COM PYPL	PYPL	4,043,453	$269.8m9.45%	9.45%	Added +527.1k	+527,076 15.0%
6	STERICYCLE INC COM SRCL	SRCL	5,431,382	$252.2m8.83%	8.83%	Reduced -76.3k	-76,328 -1.4%
7	BOOZ ALLEN HAMILTON HLDG COR CL A BAH	BAH	2,111,896	$235.7m8.25%	8.25%	Added +126.7k	+126,653 6.4%
8	NICE LTD SPONSORED ADR NICE	NICE	937,758	$193.6m6.78%	6.78%	Added +194.5k	+194,508 26.2%
9	ELANCO ANIMAL HEALTH INC COM ELAN	ELAN	13,763,901	$138.5m4.85%	4.85%	Added +3.5m	+3,518,007 34.3%
10	PRICESMART INC COM PSMT	PSMT	1,644,061	$121.8m4.26%	4.26%	Added +313	+313 0.0%
11	FTI CONSULTING INC COM FCN	FCN	471,829	$89.7m3.14%	3.14%	Reduced -52.3k	-52,307 -10.0%
12	FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS FMX	FMX	703,532	$78.0m2.73%	2.73%	Reduced -161.1k	-161,104 -18.6%
13	GRIFOLS S A SP ADR REP B NVT GRFS	GRFS	8,223,388	$75.3m2.64%	2.64%	Added +701.0k	+701,008 9.3%
14	ICICI BANK LIMITED ADR IBN	IBN	2,149,102	$49.6m1.74%	1.74%	Added +1.6k	+1,593 0.1%
15	T-MOBILE US INC COM TMUS	TMUS	222,000	$30.8m1.08%	1.08%	Added +31.5k	+31,500 16.5%
16	BARRICK GOLD CORP COM COM		1,592,000	$27.0m0.94%	0.94%	Added +1.1m	+1,082,000 212.2%
17	MERCK & CO INC COM MRK	MRK	182,700	$21.1m0.74%	0.74%	Added +139.2k	+139,200 320.0%
18	CAMECO CORP COM CCJ	CCJ	585,000	$18.3m0.64%	0.64%	Reduced -430.0k	-430,000 -42.4%
19	IPG PHOTONICS CORP COM IPGP	IPGP	132,000	$17.9m0.63%	0.63%	Reduced -18.4k	-18,400 -12.2%
20	ARAMARK COM ARMK	ARMK	354,580	$15.3m0.53%	0.53%	Reduced -98.9k	-98,901 -21.8%
21	VAREX IMAGING CORP NOTE 4.000% 6/0 · principal VREX 4 06.01.25 · principal	VREX 4 06.01.25	9,775,000	$12.5m0.44%	0.44%	Unchanged
22	BANCO BRADESCO S A SP ADR PFD NEW BBD	BBD	2,775,000	$9.6m0.34%	0.34%	Reduced -945.0k	-945,000 -25.4%
23	HAIN CELESTIAL GROUP INC COM HAIN	HAIN	716,463	$9.0m0.31%	0.31%	Reduced -4.6m	-4,606,771 -86.5%
24	AUTOLIV INC COM ALV	ALV	102,400	$8.7m0.30%	0.30%	Reduced -8.6k	-8,600 -7.8%
25	ALIBABA GROUP HLDG LTD SPONSORED ADS BABA	BABA	67,500	$5.6m0.20%	0.20%	Reduced -69.5k	-69,500 -50.7%
26	CENCORA INC COM COR	COR	26,338	$5.1m0.18%	0.18%	Reduced -936	-936 -3.4%
27	DOLLAR TREE INC COM DLTR	DLTR	24,884	$3.6m0.13%	0.13%	Added +2.0k	+2,000 8.7%
28	SABRE CORP COM SABR	SABR	960,000	$3.1m0.11%	0.11%	Added +330.0k	+330,000 52.4%
29	ARCOS DORADOS HOLDINGS INC SHS CLASS -A - ARCO	ARCO	190,000	$1.9m0.07%	0.07%	Reduced -70.0k	-70,000 -26.9%
30	BORGWARNER INC COM BWA	BWA	38,000	$1.9m0.07%	0.07%	Reduced -500	-500 -1.3%
31	WOODWARD INC COM WWD	WWD	12,000	$1.4m0.05%	0.05%	Reduced -3.0k	-3,000 -20.0%
32	MORNINGSTAR INC COM MORN	MORN	7,000	$1.4m0.05%	0.05%	Added +800	+800 12.9%
33	CRITEO S A SPONS ADS CRTO	CRTO	37,733	$1.3m0.04%	0.04%	Added +1.5k	+1,500 4.1%
34	IMPINJ INC COM PI	PI	11,000	$986.1k0.03%	0.03%	Added +6.0k	+6,000 120.0%
35	PITNEY BOWES INC COM PBI	PBI	275,000	$973.5k0.03%	0.03%	Added +42.0k	+42,000 18.0%
36	ALPHABET INC CAP STK CL A GOOGL	GOOGL	7,500	$897.8k0.03%	0.03%	Unchanged
37	BOOKING HOLDINGS INC NOTE 0.750% 5/0 · principal BKNG 0.75 05.01.25 · principal	BKNG 0.75 05.01.25	100,000	$149.9k0.01%	0.01%	Unchanged
38	PAGSEGURO DIGITAL LTD COM CL A PAGS	PAGS	10,032	$94.7k0.00%	0.00%	Unchanged