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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
+8.71%
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
$4.34B
AUM Growth
+$346M
(+8.7%)
Cap. Flow
-$8.01M
Cap. Flow
% of AUM
-0.18%
Top 10 Holdings %
Top 10 Hldgs %
50.37%
Holding
36
New
5
Increased
8
Reduced
22
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Veralto
VLTO
|
+$121M |
| 2 |
APi Group
APG
|
+$93.4M |
| 3 |
Darling Ingredients
DAR
|
+$80.9M |
| 4 |
GTLS
Chart Industries
GTLS
|
+$30.7M |
| 5 |
CRH
CRH
|
+$16.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GE HealthCare
GEHC
|
+$71M |
| 2 |
Envista
NVST
|
+$69.2M |
| 3 |
Wyndham Hotels & Resorts
WH
|
+$67.6M |
| 4 |
Fortrea Holdings
FTRE
|
+$61M |
| 5 |
Armstrong World Industries
AWI
|
+$53.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 30.43% |
| 2 | Healthcare | 8.3% |
| 3 | Materials | 6.96% |
| 4 | Consumer Discretionary | 5.17% |
| 5 | Consumer Staples | 5.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Entegris
ENTG
$22B
| $80.3M | 1.85% |
670,548
-31,065
| -4% | -$3.15M |
|
|
27
PUT
Entegris
ENTG
$22B
| $80.3M | 1.85% |
+670,000
| New | +$68M |
|
|
CHX
28
DELISTED
ChampionX
CHX
| $74.8M | 1.72% |
2,561,043
+3,182
| +0.1% | +$98.5K |
|
|
29
Fortrea Holdings
FTRE
$1.7B
| $67.9M | 1.56% |
1,944,371
-1,996,034
| -51% | -$61M |
|
|
30
Envista
NVST
$4.59B
| $66.6M | 1.53% |
2,767,343
-2,896,557
| -51% | -$69.2M |
|
31
Fortive
FTV
$18.5B
| $65.4M | 1.51% |
1,178,899
-872,330
| -43% | -$46M |
|
32
CALL
Kenvue
KVUE
$36.8B
| $64.6M | 1.49% |
+3,000,000
| New | +$60M |
|
33
Consensus Cloud Solutions
CCSI
$688M
| $40.9M | 0.94% |
1,560,249
-208,535
| -12% | -$4.89M |
|
34
PUT
Carrier Global
CARR
$53.7B
| $40.2M | 0.93% |
700,000
-775,000
| -53% | -$41M |
|
35
Mercer International
MERC
$45.4M
| $24.7M | 0.57% |
2,602,167
-2,397,413
| -48% | -$21.5M |
|
|
XELAP
36
DELISTED
Exela Technologies, Inc. 6.00% Series B Cumulative Convertible Perpetual Preferred Stock
XELAP
| – | – |
-46,534
| Closed | -$135K |
|
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Gates Capital Management's Q4 2023 Portfolio in Review
As of Q4 2023, Gates Capital Management held 36 positions worth $4.34B, up 8.7% from $3.99B the previous quarter. Its ten largest holdings account for 50% of the portfolio.
Gates Capital Management's Q4 2023 filing shows 5 new, 8 increased, 22 reduced and 1 closed positions. Its largest new stake was Veralto: 1,623,021 shares worth $134M. The largest sale was GE HealthCare, an estimated $71M.
By sector, the portfolio is most concentrated in Industrials at 30% of assets, up from 30% a quarter earlier, followed by Healthcare and Materials.
- Gates Capital Management's largest Q4 2023 buy was Veralto: 1,623,021 shares worth $134M.
- Gates Capital Management added most to Chart Industries in Q4 2023, an estimated $30.7M increase.
- Gates Capital Management's biggest Q4 2023 reduction was GE HealthCare, cutting an estimated $71M.
- Gates Capital Management fully exited Exela Technologies, Inc. 6.00% Series B Cumulative Convertible Perpetual Preferred Stock in Q4 2023, selling an estimated $135K.
- Gates Capital Management's ten largest holdings make up 50% of its $4.34B portfolio in Q4 2023.
- Gates Capital Management opened 5 new positions and closed 1 in Q4 2023.
- Gates Capital Management's portfolio value rose 8.7% quarter-over-quarter to $4.34B.
Based on Gates Capital Management's 13F filing for Q4 2023, filed 14 Feb 2024.