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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
+1.43%
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
$2.78B
AUM Growth
-$172M
Cap. Flow
-$246M
Cap. Flow %
-8.87%
Top 10 Hldgs %
64.99%
Holding
31
New
4
Increased
11
Reduced
10
Closed
4

Top Buys

Rank Stock Value
1
HDS
HD Supply Holdings, Inc.
HDS
+$69.7M
2
FTV icon
Fortive
FTV
+$53.9M
3
EXP icon
Eagle Materials
EXP
+$40.8M
4
SNA icon
Snap-on
SNA
+$30.3M
5
DVA icon
DaVita
DVA
+$29.2M

Top Sells

Rank Stock Value
1
NTK
NORTEK INC COM NEW (DE)
NTK
+$193M
2
MLI icon
Mueller Industries
MLI
+$34.4M
3
BID
Sotheby's
BID
+$32.7M
4
GCP
GCP Applied Technologies Inc.
GCP
+$31.3M
5
ALSN icon
Allison Transmission
ALSN
+$21.9M

Sector Composition

Rank Sector Weight
1 Materials 15.39%
2 Industrials 15%
3 Consumer Discretionary 10.88%
4 Consumer Staples 5.4%
5 Healthcare 4.47%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IWM icon
1
PUT
iShares Russell 2000 ETF
IWM
$79.5B
$745M 26.83%
6,000,000
-3,000,000
-33% -$365M
DAR icon
2
Darling Ingredients
DAR
$9.29B
$150M 5.4%
11,100,337
+1,234,941
+13% +$17.8M
XLB icon
3
PUT
State Street Materials Select Sector SPDR ETF
XLB
$8.67B
$143M 5.16%
+6,000,000
New +$145M
DVA icon
4
DaVita
DVA
$15.5B
$124M 4.47%
1,878,884
+414,572
+28% +$29.2M
GLPI icon
5
Gaming and Leisure Properties
GLPI
$13B
$122M 4.39%
3,649,169
+240,796
+7% +$8.33M
AXTA icon
6
Axalta
AXTA
$7.51B
$119M 4.27%
4,191,719
+302,375
+8% +$8.47M
HLT icon
7
Hilton Worldwide
HLT
$72.2B
$109M 3.91%
1,577,393
-120,534
-7% -$8.5M
EXP icon
8
Eagle Materials
EXP
$6.65B
$108M 3.87%
1,390,740
+507,930
+58% +$40.8M
VSTO
9
DELISTED
Vista Outdoor Inc.
VSTO
$93.2M 3.35%
2,337,425
+638,379
+38% +$28.2M
GCP
10
DELISTED
GCP Applied Technologies Inc.
GCP
$93.1M 3.35%
3,287,977
-1,126,964
-26% -$31.3M
MERC icon
11
Mercer International
MERC
$44.2M
$92.8M 3.34%
10,959,849
– –
SNA icon
12
Snap-on
SNA
$21.3B
$91.9M 3.31%
604,516
+195,900
+48% +$30.3M
MGM icon
13
MGM Resorts International
MGM
$11.7B
$86.4M 3.11%
3,320,024
-725,117
-18% -$17.6M
FTK icon
14
Flotek Industries
FTK
$786M
$81.3M 2.93%
931,582
-74,017
-7% -$6.41M
HDS
15
DELISTED
HD Supply Holdings, Inc.
HDS
$80.3M 2.89%
2,510,582
+2,013,781
+405% +$69.7M
TMX
16
DELISTED
Terminix Global Holdings, Inc.
TMX
$71.9M 2.59%
3,188,318
+426,977
+15% +$10.7M
OLN icon
17
Olin
OLN
$2.46B
$58.3M 2.1%
2,841,133
+66,924
+2% +$1.44M
DOV icon
18
Dover
DOV
$26.7B
$57M 2.05%
958,731
+44,568
+5% +$2.58M
ALSN icon
19
Allison Transmission
ALSN
$9.68B
$54.2M 1.95%
1,889,896
-776,649
-29% -$21.9M
FTV icon
20
Fortive
FTV
$18.9B
$53.9M 1.94%
+1,678,114
New +$53.9M
GRA
21
DELISTED
W.R. Grace & Co.
GRA
$53M 1.91%
718,644
-104,828
-13% -$7.91M
CC icon
22
Chemours
CC
$2.47B
$50.5M 1.82%
3,153,186
-740,551
-19% -$8.46M
SPGI icon
23
S&P Global
SPGI
$124B
$44.3M 1.59%
350,000
-171,392
-33% -$20.6M
SPGI icon
24
PUT
S&P Global
SPGI
$124B
$38M 1.37%
+300,000
New +$36M
MLI icon
25
Mueller Industries
MLI
$14.5B
$22.3M 0.8%
2,756,948
-4,092,656
-60% -$34.4M
1
2

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Gates Capital Management's Q3 2016 Portfolio in Review

As of Q3 2016, Gates Capital Management held 31 positions worth $2.78B, down 5.8% from $2.95B the previous quarter. Its ten largest holdings account for 65% of the portfolio.

Gates Capital Management withdrew a net $246M in Q3 2016, closing 4 positions and reducing 10 holdings. Its most notable exit was NORTEK INC COM NEW (DE), an estimated $193M position sold in full.

By sector, the portfolio is most concentrated in Materials at 15% of assets, up from 12% a quarter earlier, followed by Industrials and Consumer Discretionary.

Against the trend, Gates Capital Management opened a new position in Fortive worth $53.9M.

  • Gates Capital Management's largest Q3 2016 buy was Fortive: 1,678,114 shares worth $53.9M.
  • Gates Capital Management added most to HD Supply Holdings, Inc. in Q3 2016, an estimated $69.7M increase.
  • Gates Capital Management's biggest Q3 2016 reduction was Mueller Industries, cutting an estimated $34.4M.
  • Gates Capital Management fully exited NORTEK INC COM NEW (DE) in Q3 2016, selling an estimated $193M.
  • Gates Capital Management's ten largest holdings make up 65% of its $2.78B portfolio in Q3 2016.
  • Gates Capital Management opened 4 new positions and closed 4 in Q3 2016.
  • Gates Capital Management's portfolio value fell 5.8% quarter-over-quarter to $2.78B.

Based on Gates Capital Management's 13F filing for Q3 2016, filed 14 Nov 2016.