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GCM

Gates Capital Management Portfolio holdings

AUM $4.16B
1-Year Est. Return 21%
This Fund
S&P 500
This Quarter Est. Return
+7.76%
1 Year Est. Return
+21%
3 Year Est. Return
+34.83%
5 Year Est. Return
+35.77%
10 Year Est. Return
+189.44%
AUM
$4.25B
AUM Growth
+$487M
Cap. Flow
-$22.9M
Cap. Flow %
-0.54%
Top 10 Hldgs %
50.8%
Holding
36
New
9
Increased
8
Reduced
14
Closed
2

Top Buys

Rank Stock Value
1
LH icon
Labcorp
LH
+$123M
2
CRH icon
CRH
CRH
+$61.3M
3
NVST icon
Envista
NVST
+$42.3M
4
GTLS
Chart Industries
GTLS
+$41.3M
5
FTRE icon
Fortrea Holdings
FTRE
+$36.9M

Top Sells

Rank Stock Value
1
STZ icon
Constellation Brands
STZ
+$74.4M
2
ZWS icon
Zurn Elkay Water Solutions
ZWS
+$58M
3
FTV icon
Fortive
FTV
+$43.6M
4
SPGI icon
S&P Global
SPGI
+$34.6M
5
OTIS icon
Otis Worldwide
OTIS
+$21.1M

Sector Composition

Rank Sector Weight
1 Industrials 30.06%
2 Miscellaneous 26.8%
3 Healthcare 12.62%
4 Technology 6.8%
5 Consumer Discretionary 6.44%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MLI icon
26
Mueller Industries
MLI
$13.4B
$68.1M 1.6%
3,120,176
-176,784
-5% -$3.36M
CCSI icon
27
Consensus Cloud Solutions
CCSI
$697M
$54.8M 1.29%
1,768,784
-77,857
-4% -$2.74M
GTLS
28
DELISTED
Chart Industries
GTLS
$51.6M 1.21%
+322,926
New +$41.3M
CARR icon
29
PUT
Carrier Global
CARR
$45.8B
$49.7M 1.17%
+1,000,000
New +$44M
FTRE icon
30
Fortrea Holdings
FTRE
$1.88B
$37.7M 0.89%
+1,107,760
New +$36.9M
MERC icon
31
Mercer International
MERC
$25.9M
$29.4M 0.69%
+3,647,043
New +$33.1M
ZWS icon
32
Zurn Elkay Water Solutions
ZWS
$7.66B
$20.1M 0.47%
748,898
-2,546,088
-77% -$58M
XELAP
33
DELISTED
Exela Technologies, Inc. 6.00% Series B Cumulative Convertible Perpetual Preferred Stock
XELAP
$137K ﹤0.01%
+33,365
New +$70.9K
OTIS icon
34
PUT
Otis Worldwide
OTIS
$26.1B
– –
-1,000,000
Closed -$84.4M
STZ icon
35
Constellation Brands
STZ
$21.1B
– –
-329,409
Closed -$74.4M
1
2

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Gates Capital Management's Q2 2023 Portfolio in Review

As of Q2 2023, Gates Capital Management held 36 positions worth $4.25B, up 13% from $3.76B the previous quarter. Its ten largest holdings account for 51% of the portfolio.

Gates Capital Management's Q2 2023 filing shows 9 new, 8 increased, 14 reduced and 2 closed positions. Its largest new stake was Labcorp: 632,901 shares worth $131M. The largest sale was Constellation Brands, an estimated $74.4M.

By sector, the portfolio is most concentrated in Industrials at 30% of assets, down from 32% a quarter earlier, followed by Miscellaneous and Healthcare.

  • Gates Capital Management's largest Q2 2023 buy was Labcorp: 632,901 shares worth $131M.
  • Gates Capital Management added most to Envista in Q2 2023, an estimated $42.3M increase.
  • Gates Capital Management's biggest Q2 2023 reduction was Zurn Elkay Water Solutions, cutting an estimated $58M.
  • Gates Capital Management fully exited Constellation Brands in Q2 2023, selling an estimated $74.4M.
  • Gates Capital Management's ten largest holdings make up 51% of its $4.25B portfolio in Q2 2023.
  • Gates Capital Management opened 9 new positions and closed 2 in Q2 2023.
  • Gates Capital Management's portfolio value rose 13% quarter-over-quarter to $4.25B.

Based on Gates Capital Management's 13F filing for Q2 2023, filed 14 Aug 2023.