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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
+6.87%
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
$2.38B
AUM Growth
+$138M
(+6.2%)
Cap. Flow
+$15.1M
Cap. Flow
% of AUM
0.63%
Top 10 Holdings %
Top 10 Hldgs %
54.9%
Holding
33
New
5
Increased
10
Reduced
13
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
IAA
IAA, Inc. Common Stock
IAA
|
+$125M |
| 2 |
Trane Technologies
TT
|
+$83.9M |
| 3 |
VICI Properties
VICI
|
+$70.6M |
| 4 |
Axalta
AXTA
|
+$61.5M |
| 5 |
Wabtec
WAB
|
+$50.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
VSM
Versum Materials, Inc.
VSM
|
+$88.5M |
| 2 |
AABA
Altaba Inc
AABA
|
+$87.1M |
| 3 |
OPLN
Openlane
OPLN
|
+$62.5M |
| 4 |
Armstrong World Industries
AWI
|
+$57.3M |
| 5 |
Constellation Brands
STZ
|
+$54.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 25.55% |
| 2 | Consumer Discretionary | 23.25% |
| 3 | Real Estate | 12.99% |
| 4 | Healthcare | 10.04% |
| 5 | Materials | 7.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Mueller Industries
MLI
$14.5B
| $28.9M | 1.22% |
+3,954,744
| New | +$28.9M |
|
|
VSTO
27
DELISTED
Vista Outdoor Inc.
VSTO
| $16.1M | 0.68% |
+1,817,218
| New | +$15.6M |
|
|
XELA
28
DELISTED
Exela Technologies, Inc. Common Stock
XELA
| $12.3M | 0.52% |
469
-51
| -10% | -$1.74M |
|
|
IO
29
DELISTED
ION Geophysical Corporation
IO
| $5.26M | 0.22% |
653,706
-371,129
| -36% | -$3.93M |
|
|
30
CALL
Axalta
AXTA
$7.45B
| – | – |
-2,000,000
| Closed | -$50.4M |
|
31
Hilton Grand Vacations
HGV
$4.04B
| – | – |
-1,727,984
| Closed | -$53.3M |
|
|
VSM
32
DELISTED
Versum Materials, Inc.
VSM
| – | – |
-1,759,202
| Closed | -$88.5M |
|
|
AABA
33
DELISTED
Altaba Inc
AABA
| – | – |
-1,175,648
| Closed | -$87.1M |
|
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Gates Capital Management's Q2 2019 Portfolio in Review
As of Q2 2019, Gates Capital Management held 33 positions worth $2.38B, up 6.2% from $2.24B the previous quarter. Its ten largest holdings account for 55% of the portfolio.
Gates Capital Management's Q2 2019 filing shows 5 new, 10 increased, 13 reduced and 4 closed positions. Its largest new stake was IAA, Inc. Common Stock: 3,218,242 shares worth $125M. The largest sale was Versum Materials, Inc., an estimated $88.5M.
By sector, the portfolio is most concentrated in Industrials at 26% of assets, up from 22% a quarter earlier, followed by Consumer Discretionary and Real Estate.
- Gates Capital Management's largest Q2 2019 buy was IAA, Inc. Common Stock: 3,218,242 shares worth $125M.
- Gates Capital Management added most to VICI Properties in Q2 2019, an estimated $70.6M increase.
- Gates Capital Management's biggest Q2 2019 reduction was Openlane, cutting an estimated $62.5M.
- Gates Capital Management fully exited Versum Materials, Inc. in Q2 2019, selling an estimated $88.5M.
- Gates Capital Management's ten largest holdings make up 55% of its $2.38B portfolio in Q2 2019.
- Gates Capital Management opened 5 new positions and closed 4 in Q2 2019.
- Gates Capital Management's portfolio value rose 6.2% quarter-over-quarter to $2.38B.
Based on Gates Capital Management's 13F filing for Q2 2019, filed 14 Aug 2019.