Black Creek Investment Management Inc.

TORONTO, A6 · CIK 1528593 · 13F filing filed 2025-08-11

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)

$2.2bn reported value +1.5% vs Q1 2025

26positions

83.1%in top 10

2 new 8 added 14 reduced 2 sold out vs Q1 2025

Holdings, Q2 2025

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	ELANCO ANIMAL HEALTH INC COM ELAN	ELAN	19,250,840	$274.9m12.71%	12.71%	Reduced -2.8m	-2,791,776 -12.7%
2	HOLOGIC INC COM HOLX	HOLX	4,027,829	$262.5m12.13%	12.13%	Added +832.4k	+832,444 26.1%
3	NICE LTD SPONSORED ADR NICE	NICE	1,407,296	$237.7m10.99%	10.99%	Reduced -235.2k	-235,222 -14.3%
4	BOOZ ALLEN HAMILTON HLDG COR CL A BAH	BAH	1,809,451	$188.4m8.71%	8.71%	Added +5.6k	+5,626 0.3%
5	PRICESMART INC COM PSMT	PSMT	1,737,955	$182.6m8.44%	8.44%	Reduced -162.7k	-162,725 -8.6%
6	PAYPAL HLDGS INC COM PYPL	PYPL	2,325,631	$172.8m7.99%	7.99%	Reduced -398.4k	-398,422 -14.6%
7	BAIDU INC SPON ADR REP A BIDU	BIDU	1,792,434	$153.7m7.11%	7.11%	Reduced -270.5k	-270,520 -13.1%
8	GRIFOLS S A SP ADR REP B NVT GRFS	GRFS	12,569,638	$113.6m5.25%	5.25%	Reduced -121.2k	-121,249 -1.0%
9	FTI CONSULTING INC COM FCN	FCN	697,890	$112.7m5.21%	5.21%	Reduced -131.3k	-131,273 -15.8%
10	BROWN FORMAN CORP CL B BF.B	BF.B	3,701,877	$99.6m4.60%	4.60%	Added +2.4m	+2,405,758 185.6%
11	NUTRIEN LTD COM NTR	NTR	1,504,757	$87.5m4.04%	4.04%	Reduced -2.1m	-2,122,366 -58.5%
12	FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS FMX	FMX	803,181	$82.7m3.82%	3.82%	Reduced -188.0k	-188,014 -19.0%
13	CDW CORP COM CDW	CDW	366,115	$65.4m3.02%	3.02%	Added +53.2k	+53,152 17.0%
14	ARAMARK COM ARMK	ARMK	679,019	$28.4m1.31%	1.31%	Reduced -9.8k	-9,798 -1.4%
15	UBER TECHNOLOGIES INC COM UBER	UBER	228,608	$21.3m0.99%	0.99%	Reduced -18.4k	-18,380 -7.4%
16	ALPHABET INC CAP STK CL A GOOGL	GOOGL	114,611	$20.2m0.93%	0.93%	Reduced -10.3k	-10,339 -8.3%
17	FISERV INC COM FISV	FISV	109,091	$18.8m0.87%	0.87%	Added +35.8k	+35,784 48.8%
18	LAM RESEARCH CORP COM NEW LRCX	LRCX	118,269	$11.5m0.53%	0.53%	Added +92.5k	+92,488 358.7%
19	CENCORA INC COM COR	COR	37,140	$11.1m0.51%	0.51%	Reduced -13.7k	-13,673 -26.9%
20	FIGS INC CL A FIGS	FIGS	1,418,691	$8.0m0.37%	0.37%	Added +225.7k	+225,696 18.9%
21	ICICI BANK LIMITED ADR IBN	IBN	98,248	$3.3m0.15%	0.15%	Reduced -394.5k	-394,541 -80.1%
22	BORGWARNER INC COM BWA	BWA	76,000	$2.5m0.12%	0.12%	Unchanged
23	ARCOS DORADOS HOLDINGS INC SHS CLASS -A - ARCO	ARCO	270,000	$2.1m0.10%	0.10%	Unchanged
24	CRITEO S A SPONS ADS CRTO	CRTO	51,733	$1.2m0.06%	0.06%	Added +19.5k	+19,500 60.5%
25	TEXAS INSTRS INC COM TXN	TXN	2,904	$602.9k0.03%	0.03%	New
26	CEMEX SAB DE CV SPON ADR NEW CX	CX	15,859	$109.9k0.01%	0.01%	New

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
VAREX IMAGING CORP VREX 4 06.01.25	VREX 4 06.01.25	9,775,000	$9.7m9.8m shares
BOOKING HOLDINGS INC BKNG 0.75 05.01.25	BKNG 0.75 05.01.25	100,000	$245.8k100.0k shares