$4.25 Billion is the total value of Gates Capital Management's 34 reported holdings in Q2 2023. The portfolio turnover from Q1 2023 to Q2 2023 was 40.7% .
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| XLI | SELECT SECTOR SPDR TRput | $402,450,000 | +6.1% | 3,750,000 | 0.0% | 9.47% | -6.1% | |
| XLI | SELECT SECTOR SPDR TRcall | $402,450,000 | +6.1% | 3,750,000 | 0.0% | 9.47% | -6.1% | |
| RTOKY | Sell | RENTOKIL INITIAL PLCsponsored adr | $189,369,637 | -1.8% | 4,854,387 | -8.1% | 4.46% | -13.1% |
| Buy | GE HEALTHCARE TECHNOLOGIES I | $187,334,159 | +4.2% | 2,305,935 | +5.2% | 4.41% | -7.8% | |
| CARR | Sell | CARRIER GLOBAL CORPORATION | $175,794,693 | +7.0% | 3,536,405 | -1.6% | 4.14% | -5.3% |
| ATKR | Buy | ATKORE INC | $162,726,353 | +28.3% | 1,043,519 | +15.6% | 3.83% | +13.6% |
| WH | Buy | WYNDHAM HOTELS & RESORTS INC | $161,632,793 | +7.6% | 2,357,194 | +6.4% | 3.80% | -4.8% |
| ESI | Buy | ELEMENT SOLUTIONS INC | $160,297,555 | +5.2% | 8,348,831 | +5.8% | 3.77% | -6.9% |
| FTV | Sell | FORTIVE CORP | $159,223,837 | -16.0% | 2,129,515 | -23.4% | 3.75% | -25.6% |
| AWI | Buy | ARMSTRONG WORLD INDS INC NEW | $157,285,647 | +14.6% | 2,141,106 | +11.2% | 3.70% | +1.5% |
| OTIS | Sell | OTIS WORLDWIDE CORP | $154,665,734 | -7.8% | 1,737,622 | -12.6% | 3.64% | -18.4% |
| VSTO | Sell | VISTA OUTDOOR INC | $151,417,047 | -2.1% | 5,472,246 | -2.0% | 3.56% | -13.4% |
| PNR | Sell | PENTAIR PLC | $146,150,071 | +3.2% | 2,262,385 | -11.7% | 3.44% | -8.6% |
| LH | New | LABORATORY CORP AMER HLDGS | $131,218,120 | – | 543,729 | +100.0% | 3.09% | – |
| SPGI | Sell | S&P GLOBAL INC | $131,032,500 | -9.8% | 326,854 | -22.4% | 3.08% | -20.1% |
| CHX | Sell | CHAMPIONX CORPORATION | $129,338,124 | -1.0% | 4,166,821 | -13.5% | 3.04% | -12.3% |
| GLPI | Buy | GAMING & LEISURE PPTYS INC | $126,988,461 | -4.3% | 2,620,480 | +2.8% | 2.99% | -15.3% |
| SPGI | New | S&P GLOBAL INCput | $120,267,000 | – | 300,000 | +100.0% | 2.83% | – |
| Sell | MASTERBRAND INC | $111,974,989 | +34.7% | 9,628,116 | -6.9% | 2.64% | +19.2% | |
| NVST | Buy | ENVISTA HOLDINGS CORPORATION | $91,808,631 | +48.4% | 2,713,021 | +79.3% | 2.16% | +31.4% |
| ENVISTA HOLDINGS CORPORATIONnote 2.375% 6/0 | $89,746,250 | -16.0% | 53,500,000 | 0.0% | 2.11% | -25.7% | ||
| VICI | Sell | VICI PPTYS INC | $88,687,194 | -5.3% | 2,821,737 | -1.7% | 2.09% | -16.2% |
| DVA | Sell | DAVITA INC | $88,229,740 | +4.5% | 878,170 | -15.7% | 2.08% | -7.5% |
| ENTG | Buy | ENTEGRIS INC | $75,031,678 | +37.6% | 677,059 | +1.8% | 1.77% | +21.8% |
| ENTG | New | ENTEGRIS INCput | $74,249,400 | – | 670,000 | +100.0% | 1.75% | – |
| CRH | New | CRH PLCadr | $68,380,041 | – | 1,226,988 | +100.0% | 1.61% | – |
| MLI | Sell | MUELLER INDS INC | $68,082,240 | +12.4% | 780,044 | -5.4% | 1.60% | -0.5% |
| Sell | CONSENSUS CLOUD SOLUTIONS IN | $54,832,304 | -12.9% | 1,768,784 | -4.2% | 1.29% | -22.9% | |
| GTLS | New | CHART INDS INC | $51,600,346 | – | 322,926 | +100.0% | 1.21% | – |
| CARR | New | CARRIER GLOBAL CORPORATIONput | $49,710,000 | – | 1,000,000 | +100.0% | 1.17% | – |
| New | FORTREA HLDGS INC | $37,674,918 | – | 1,107,760 | +100.0% | 0.89% | – | |
| MERC | New | MERCER INTL INC | $29,431,637 | – | 3,647,043 | +100.0% | 0.69% | – |
| Sell | ZURN ELKAY WATER SOLNS CORP | $20,137,867 | -71.4% | 748,898 | -77.3% | 0.47% | -74.7% | |
| New | EXELA TECHNOLOGIES INC6% conv pfd sr b | $136,797 | – | 33,365 | +100.0% | 0.00% | – | |
| STZ | Exit | CONSTELLATION BRANDS INCcl a | $0 | – | -329,409 | -100.0% | -1.98% | – |
| OTIS | Exit | OTIS WORLDWIDE CORPput | $0 | – | -1,000,000 | -100.0% | -2.24% | – |
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 2023-08-14
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 | 42 | Q3 2023 | 8.9% |
| GAMING & LEISURE PPTYS INC | 40 | Q3 2023 | 7.7% |
| MERCER INTL INC | 39 | Q3 2023 | 7.1% |
| VISTA OUTDOOR INC | 32 | Q3 2023 | 6.8% |
| GRACE W R & CO DEL NEW | 30 | Q3 2020 | 7.3% |
| S&P GLOBAL INC | 30 | Q3 2023 | 6.8% |
| MGM RESORTS INTERNATIONAL | 28 | Q1 2020 | 5.2% |
| SNAP ON INC | 27 | Q4 2019 | 5.3% |
| MUELLER INDS INC | 26 | Q3 2023 | 4.6% |
| ARMSTRONG WORLD INDS INC NEW | 24 | Q3 2023 | 5.3% |
View Gates Capital Management's complete holdings history.
Latest significant ownerships (13-D/G)
| Filed | Shares | Percentage | |
|---|---|---|---|
| MERCER INTERNATIONAL INC.Sold out | February 14, 2023 | 0 | 0.0% |
| 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% |
| DARLING INGREDIENTS INC. | February 14, 2018 | 1,978,844 | 1.2% |
| Donnelley Financial Solutions, Inc. | February 14, 2018 | 276,620 | 0.8% |
| GCP Applied Technologies Inc. | February 14, 2018 | 3,288,657 | 4.6% |
View Gates Capital Management's complete significant-ownership history.
Latest filings
| Type | Filed |
|---|---|
| 13F-HR | 2024-02-14 |
| SC 13G/A | 2024-02-14 |
| SC 13G/A | 2024-02-14 |
| SC 13G/A | 2024-02-14 |
| 13F-HR | 2023-11-14 |
| 13F-HR | 2023-08-14 |
| 13F-HR | 2023-05-15 |
| SC 13G/A | 2023-02-14 |
| SC 13G/A | 2023-02-14 |
| SC 13G | 2023-02-14 |
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.