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GCM
Gates Capital Management Portfolio holdings
AUM
$3.66B
1-Year Est. Return
12.63%
This Fund
S&P 500
This Quarter
Est. Return
+1.67%
1 Year Est. Return
+12.63%
3 Year Est. Return
+27.66%
5 Year Est. Return
+34.34%
10 Year Est. Return
+183.55%
AUM
$3.55B
AUM Growth
-$868M
(-20%)
Cap. Flow
-$1B
Cap. Flow
% of AUM
-28.29%
Top 10 Holdings %
Top 10 Hldgs %
62.28%
Holding
36
New
4
Increased
11
Reduced
16
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dover
DOV
|
+$150M |
| 2 |
AABA
Altaba Inc
AABA
|
+$99.9M |
| 3 |
Travel + Leisure Co
TNL
|
+$91.1M |
| 4 |
Pentair
PNR
|
+$86.7M |
| 5 |
MGM Resorts International
MGM
|
+$76.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GRA
W.R. Grace & Co.
GRA
|
+$97.7M |
| 2 |
Itron
ITRI
|
+$60.4M |
| 3 |
Element Solutions
ESI
|
+$56.8M |
| 4 |
Fortive
FTV
|
+$54.5M |
| 5 |
VSTO
Vista Outdoor Inc.
VSTO
|
+$49.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 20.71% |
| 2 | Consumer Discretionary | 18.52% |
| 3 | Technology | 10.81% |
| 4 | Real Estate | 8.55% |
| 5 | Materials | 8.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
GCP
26
DELISTED
GCP Applied Technologies Inc.
GCP
| $37.1M | 1.04% |
1,280,008
-234,772
| -15% | -$7.11M |
|
|
IO
27
DELISTED
ION Geophysical Corporation
IO
| $28.4M | 0.8% |
1,168,987
+307,143
| +36% | +$7.99M |
|
28
Darling Ingredients
DAR
$9.32B
| $28.2M | 0.79% |
1,419,186
-83,451
| -6% | -$1.51M |
|
|
MGP
29
DELISTED
MGM Growth Properties LLC Class A common shares representing limited liability company interests
MGP
| $22.5M | 0.63% |
737,890
-407,749
| -36% | -$11.8M |
|
|
XELA
30
DELISTED
Exela Technologies, Inc. Common Stock
XELA
| $20.3M | 0.57% |
+356
| New | +$20.7M |
|
31
Flotek Industries
FTK
$789M
| $9.67M | 0.27% |
498,891
-429,279
| -46% | -$10.6M |
|
|
VSTO
32
DELISTED
Vista Outdoor Inc.
VSTO
| $7.72M | 0.22% |
498,618
-3,115,216
| -86% | -$49.9M |
|
|
33
Element Solutions
ESI
$8.48B
| – | – |
-5,899,720
| Closed | -$56.8M |
|
|
34
Fortive
FTV
$18.2B
| – | – |
-1,113,975
| Closed | -$54.5M |
|
35
Hilton Grand Vacations
HGV
$4.04B
| – | – |
-549,774
| Closed | -$23.7M |
|
|
36
Itron
ITRI
$4.54B
| – | – |
-844,123
| Closed | -$60.4M |
|
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Gates Capital Management's Q2 2018 Portfolio in Review
As of Q2 2018, Gates Capital Management held 36 positions worth $3.55B, down 20% from $4.42B the previous quarter. Its ten largest holdings account for 62% of the portfolio.
Gates Capital Management withdrew a net $1B in Q2 2018, closing 4 positions and reducing 16 holdings. Its most notable exit was Itron, an estimated $60.4M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 21% of assets, up from 12% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, Gates Capital Management opened a new position in Dover worth $143M.
- Gates Capital Management's largest Q2 2018 buy was Dover: 1,954,600 shares worth $143M.
- Gates Capital Management added most to Altaba Inc in Q2 2018, an estimated $99.9M increase.
- Gates Capital Management's biggest Q2 2018 reduction was W.R. Grace & Co., cutting an estimated $97.7M.
- Gates Capital Management fully exited Itron in Q2 2018, selling an estimated $60.4M.
- Gates Capital Management's ten largest holdings make up 62% of its $3.55B portfolio in Q2 2018.
- Gates Capital Management opened 4 new positions and closed 4 in Q2 2018.
- Gates Capital Management's portfolio value fell 20% quarter-over-quarter to $3.55B.
Based on Gates Capital Management's 13F filing for Q2 2018, filed 14 Aug 2018.