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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
+27.77%
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
$2B
AUM Growth
+$482M
Cap. Flow
+$121M
Cap. Flow %
6.06%
Top 10 Hldgs %
57.26%
Holding
33
New
5
Increased
10
Reduced
9
Closed
7

Top Buys

Rank Stock Value
1
OTIS icon
Otis Worldwide
OTIS
+$124M
2
CARR icon
Carrier Global
CARR
+$83.2M
3
CHX
ChampionX
CHX
+$60.5M
4
AWI icon
Armstrong World Industries
AWI
+$45.8M
5
VICI icon
VICI Properties
VICI
+$34.7M

Top Sells

Rank Stock Value
1
RTX icon
RTX Corp
RTX
+$113M
2
NVST icon
Envista
NVST
+$59.9M
3
AXTA icon
Axalta
AXTA
+$42M
4
ALC icon
Alcon
ALC
+$32.9M
5
MGM icon
MGM Resorts International
MGM
+$31M

Sector Composition

Rank Sector Weight
1 Industrials 34.68%
2 Consumer Discretionary 21.88%
3 Real Estate 12.52%
4 Materials 7.86%
5 Healthcare 5.44%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NVST icon
26
Envista
NVST
$4.55B
$10.7M 0.53%
505,639
-3,192,842
-86% -$59.9M
ALC icon
27
Alcon
ALC
$34.6B
– –
-648,082
Closed -$32.9M
AXTA icon
28
Axalta
AXTA
$8.05B
– –
-2,433,897
Closed -$42M
MGM icon
29
MGM Resorts International
MGM
$11.7B
– –
-2,629,169
Closed -$31M
RTX icon
30
RTX Corp
RTX
$294B
– –
-1,897,539
Closed -$113M
SRG
31
Seritage Growth Properties
SRG
$137M
– –
-1,136,303
Closed -$10.4M
IO
32
DELISTED
ION Geophysical Corporation
IO
– –
-300,219
Closed -$381K
1
2

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Gates Capital Management's Q2 2020 Portfolio in Review

As of Q2 2020, Gates Capital Management held 33 positions worth $2B, up 32% from $1.52B the previous quarter. Its ten largest holdings account for 57% of the portfolio.

Gates Capital Management deployed $121M of net new capital in Q2 2020, opening 5 new positions and adding to 10 existing holdings. Its largest new stake was Otis Worldwide: 2,390,769 shares worth $136M.

By sector, the portfolio is most concentrated in Industrials at 35% of assets, up from 29% a quarter earlier, followed by Consumer Discretionary and Real Estate.

On the sell side, the largest reduction was Envista, an estimated $59.9M trimmed.

  • Gates Capital Management's largest Q2 2020 buy was Otis Worldwide: 2,390,769 shares worth $136M.
  • Gates Capital Management added most to Armstrong World Industries in Q2 2020, an estimated $45.8M increase.
  • Gates Capital Management's biggest Q2 2020 reduction was Envista, cutting an estimated $59.9M.
  • Gates Capital Management fully exited RTX Corp in Q2 2020, selling an estimated $113M.
  • Gates Capital Management's ten largest holdings make up 57% of its $2B portfolio in Q2 2020.
  • Gates Capital Management opened 5 new positions and closed 7 in Q2 2020.
  • Gates Capital Management's portfolio value rose 32% quarter-over-quarter to $2B.

Based on Gates Capital Management's 13F filing for Q2 2020, filed 14 Aug 2020.