$3.76 Billion is the total value of Gates Capital Management's 27 reported holdings in Q1 2023. The portfolio turnover from Q4 2022 to Q1 2023 was 7.4% .
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| XLI | Buy | SELECT SECTOR SPDR TRput | $379,425,000 | +40.5% | 3,750,000 | +36.4% | 10.09% | +18.8% |
| XLI | Buy | SELECT SECTOR SPDR TRcall | $379,425,000 | +157.6% | 3,750,000 | +150.0% | 10.09% | +117.8% |
| RTOKY | Buy | RENTOKIL INITIAL PLCsponsored adr | $192,808,069 | +20.3% | 5,280,966 | +1.5% | 5.12% | +1.7% |
| FTV | Buy | FORTIVE CORP | $189,553,979 | +39.7% | 2,780,607 | +31.7% | 5.04% | +18.1% |
| Buy | GE HEALTHCARE TECHNOLOGIES I | $179,836,092 | +308.0% | 2,192,321 | +190.4% | 4.78% | +244.9% | |
| OTIS | OTIS WORLDWIDE CORP | $167,755,297 | +7.8% | 1,987,622 | 0.0% | 4.46% | -8.9% | |
| CARR | Sell | CARRIER GLOBAL CORPORATION | $164,348,823 | +6.5% | 3,592,324 | -3.9% | 4.37% | -9.9% |
| VSTO | Buy | VISTA OUTDOOR INC | $154,742,837 | +17.4% | 5,584,368 | +3.2% | 4.11% | -0.8% |
| ESI | Sell | ELEMENT SOLUTIONS INC | $152,441,096 | -11.4% | 7,894,412 | -16.5% | 4.05% | -25.0% |
| WH | Buy | WYNDHAM HOTELS & RESORTS INC | $150,277,301 | +29.3% | 2,214,846 | +35.9% | 4.00% | +9.3% |
| SPGI | Sell | S&P GLOBAL INC | $145,304,696 | -7.3% | 421,454 | -9.9% | 3.86% | -21.6% |
| PNR | Buy | PENTAIR PLC | $141,580,240 | +35.2% | 2,561,611 | +10.0% | 3.76% | +14.3% |
| AWI | Sell | ARMSTRONG WORLD INDS INC NEW | $137,191,427 | +1.7% | 1,925,764 | -2.1% | 3.65% | -14.0% |
| GLPI | Sell | GAMING & LEISURE PPTYS INC | $132,680,637 | -1.0% | 2,548,610 | -1.0% | 3.53% | -16.3% |
| CHX | Buy | CHAMPIONX CORPORATION | $130,618,524 | -3.5% | 4,814,542 | +3.1% | 3.47% | -18.4% |
| ATKR | Sell | ATKORE INC | $126,831,947 | +10.1% | 902,847 | -11.1% | 3.37% | -6.9% |
| ENVISTA HOLDINGS CORPORATIONnote 2.375% 6/0 | $106,866,250 | +18.4% | 53,500,000 | 0.0% | 2.84% | +0.1% | ||
| VICI | Sell | VICI PPTYS INC | $93,676,061 | -2.0% | 2,871,737 | -2.7% | 2.49% | -17.2% |
| DVA | Sell | DAVITA INC | $84,449,623 | +7.6% | 1,041,174 | -1.0% | 2.24% | -9.0% |
| OTIS | Sell | OTIS WORLDWIDE CORPput | $84,400,000 | -38.4% | 1,000,000 | -42.9% | 2.24% | -47.9% |
| Buy | MASTERBRAND INC | $83,139,791 | +45.4% | 10,340,770 | +36.6% | 2.21% | +23.0% | |
| STZ | Sell | CONSTELLATION BRANDS INCcl a | $74,410,199 | -15.8% | 329,409 | -13.7% | 1.98% | -28.8% |
| Buy | ZURN ELKAY WATER SOLNS CORP | $70,380,901 | +33.4% | 3,294,986 | +32.1% | 1.87% | +12.8% | |
| Buy | CONSENSUS CLOUD SOLUTIONS IN | $62,951,992 | +8.7% | 1,846,641 | +71.4% | 1.67% | -8.1% | |
| NVST | Sell | ENVISTA HOLDINGS CORPORATION | $61,871,430 | -2.2% | 1,513,489 | -19.4% | 1.64% | -17.3% |
| MLI | New | MUELLER INDS INC | $60,565,155 | – | 824,240 | +100.0% | 1.61% | – |
| ENTG | Sell | ENTEGRIS INC | $54,545,671 | -53.5% | 665,110 | -62.8% | 1.45% | -60.7% |
| Exit | GXO LOGISTICS INCORPORATED | $0 | – | -1,744,922 | -100.0% | -2.34% | – |
Other managers
Other managers that, in addition to the filing manager(s), that filed the EDGAR filing(s):
Original filings
The following EDGAR filing(s) were analyzed to create this report:
- View 13F-HR filed 2023-05-15
About Gates Capital Management
Gates Capital Management is a New York-based investment management firm that was founded in 1996 by Jeffrey Gates. The firm specializes in global event-driven investing, which involves taking advantage of market inefficiencies created by corporate events such as mergers, acquisitions, bankruptcies, and spin-offs.
Under the leadership of CEO and Chief Investment Officer, Jeffrey Gates, Gates Capital Management has established a reputation for delivering consistent returns to its investors. The firm's investment philosophy is based on a rigorous research process that combines fundamental analysis with a deep understanding of market dynamics.
Gates Capital Management has a team of experienced investment professionals who are dedicated to delivering superior results for their clients. The firm's COO, Michael Johnston, oversees the day-to-day operations of the firm and ensures that it operates efficiently and effectively.
In recent years, Gates Capital Management has expanded its investment strategies to include distressed debt and special situations investing. The firm's ability to identify and capitalize on unique investment opportunities has helped it to outperform its peers and deliver strong returns to its investors.
Overall, Gates Capital Management is a well-respected investment management firm that has a proven track record of delivering consistent returns to its investors. With a talented team of investment professionals and a disciplined investment process, the firm is well-positioned to continue delivering strong results in the years ahead.
It's important to note that this information is for educational purposes only and has not been fact-checked. As with any investment, it's important to do your own research and consult with a financial advisor before making any investment decisions.
Top long-term holdings
| Name | Quarters owned | Latest quarter owned | Max weighting |
|---|---|---|---|
| DAVITA INC | 40 | Q1 2023 | 8.9% |
| GAMING & LEISURE PPTYS INC | 38 | Q1 2023 | 7.7% |
| MERCER INTL INC | 37 | Q2 2022 | 7.1% |
| GRACE W R & CO DEL NEW | 30 | Q3 2020 | 7.3% |
| VISTA OUTDOOR INC | 30 | Q1 2023 | 6.8% |
| S&P GLOBAL INC | 28 | Q1 2023 | 6.8% |
| MGM RESORTS INTERNATIONAL | 28 | Q1 2020 | 5.2% |
| SNAP ON INC | 27 | Q4 2019 | 5.3% |
| SERVICEMASTER GLOBAL HLDGS I | 24 | Q3 2020 | 5.9% |
| MUELLER INDS INC | 24 | Q1 2023 | 4.6% |
View Gates Capital Management's complete holdings history.
Latest significant ownerships (13-D/G)
| Filed | Shares | Percentage | |
|---|---|---|---|
| Consensus Cloud Solutions, Inc. | February 14, 2023 | 1,077,287 | 5.4% |
| MasterBrand, Inc. | February 14, 2023 | 7,571,699 | 5.9% |
| MERCER INTERNATIONAL INC.Sold out | February 14, 2023 | 0 | 0.0% |
| Vista Outdoor Inc. | February 14, 2023 | 5,409,891 | 9.6% |
| ION GEOPHYSICAL CORP | May 05, 2022 | ? | ? |
| Nuverra Environmental Solutions, Inc. | February 25, 2022 | ? | ? |
| Altra Industrial Motion Corp.Sold out | February 16, 2021 | 0 | 0.0% |
| Welbilt, Inc. | February 14, 2020 | 5,100,477 | 3.6% |
| Seritage Growth Properties | February 14, 2019 | 1,178,368 | 3.3% |
| FLOTEK INDUSTRIES INC/CN/ | September 10, 2018 | 1,438,321 | 2.5% |
View Gates Capital Management's complete significant-ownership history.
Latest filings
| Type | Filed |
|---|---|
| 13F-HR | 2023-05-15 |
| SC 13G/A | 2023-02-14 |
| SC 13G/A | 2023-02-14 |
| SC 13G | 2023-02-14 |
| SC 13G | 2023-02-14 |
| 13F-HR | 2023-02-14 |
| 13F-HR | 2022-11-14 |
| 13F-HR | 2022-08-15 |
| 13F-HR | 2022-05-16 |
| SC 13D/A | 2022-05-05 |
View Gates Capital Management's complete filings history.
All filings
- Holdings (13F-HR)
- Significant ownership (13-D/G)
- Insider transactions (4, 5, 6)
- Events (8-K)
- Shareholder votes (proxy)
View complete filings history.