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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
-1.66%
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
$4.42B
AUM Growth
+$253M
Cap. Flow
+$321M
Cap. Flow %
7.27%
Top 10 Hldgs %
70.34%
Holding
35
New
2
Increased
16
Reduced
14
Closed
3

Top Buys

Rank Stock Value
1
VICI icon
VICI Properties
VICI
+$105M
2
AWI icon
Armstrong World Industries
AWI
+$72.7M
3
GRA
W.R. Grace & Co.
GRA
+$65.2M
4
TT icon
Trane Technologies
TT
+$65.2M
5
ITRI icon
Itron
ITRI
+$42.6M

Top Sells

Rank Stock Value
1
GCP
GCP Applied Technologies Inc.
GCP
+$57.2M
2
VAR
Varian Medical Systems, Inc.
VAR
+$49M
3
HGV icon
Hilton Grand Vacations
HGV
+$48.5M
4
LW icon
Lamb Weston
LW
+$40.1M
5
SPGI icon
S&P Global
SPGI
+$29.6M

Sector Composition

Rank Sector Weight
1 Industrials 12.28%
2 Consumer Discretionary 11.93%
3 Technology 8.56%
4 Materials 7.93%
5 Real Estate 6.42%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IWM icon
1
PUT
iShares Russell 2000 ETF
IWM
$79.1B
$1.89B 42.89%
12,480,000
+980,000
+9% +$151M
GRA
2
DELISTED
W.R. Grace & Co.
GRA
$190M 4.3%
3,104,486
+951,017
+44% +$65.2M
AABA
3
DELISTED
Altaba Inc
AABA
$183M 4.14%
2,469,313
+19,313
+0.8% +$1.46M
AWI icon
4
Armstrong World Industries
AWI
$7.37B
$143M 3.23%
2,537,234
+1,198,978
+90% +$72.7M
DVA icon
5
DaVita
DVA
$15.5B
$139M 3.14%
2,103,057
+174,741
+9% +$12.8M
SNA icon
6
Snap-on
SNA
$21.5B
$122M 2.75%
824,000
+197,370
+31% +$32.4M
HLT icon
7
Hilton Worldwide
HLT
$72.4B
$118M 2.67%
1,497,288
-240,969
-14% -$19.8M
NES
8
DELISTED
Nuverra Environmental Solutions, Inc. Common Stock
NES
$116M 2.63%
5,024,215
-80,767
-2% -$1.66M
OPLN
9
Openlane
OPLN
$4.28B
$102M 2.31%
4,979,977
+1,014,184
+26% +$20.5M
GLPI icon
10
Gaming and Leisure Properties
GLPI
$13B
$101M 2.28%
3,008,001
+982,941
+49% +$34M
VICI icon
11
VICI Properties
VICI
$29.9B
$98M 2.22%
+5,365,541
New +$105M
MGM icon
12
MGM Resorts International
MGM
$11.7B
$93.3M 2.11%
2,664,432
-762,760
-22% -$26.8M
VSM
13
DELISTED
Versum Materials, Inc.
VSM
$89.9M 2.03%
2,388,358
+237,590
+11% +$9.05M
EXP icon
14
Eagle Materials
EXP
$6.49B
$87.6M 1.98%
850,178
+72,521
+9% +$7.82M
WBT
15
DELISTED
Welbilt, Inc.
WBT
$81.2M 1.84%
4,173,312
+642,440
+18% +$13.7M
ST icon
16
Sensata Technologies
ST
$6.69B
$80.4M 1.82%
1,551,185
+184,700
+14% +$9.85M
TMX
17
DELISTED
Terminix Global Holdings, Inc.
TMX
$76M 1.72%
2,231,378
-551
-0% -$19.2K
TT icon
18
Trane Technologies
TT
$98.8B
$62.1M 1.41%
+726,215
New +$65.2M
ITRI icon
19
Itron
ITRI
$4.54B
$60.4M 1.37%
844,123
+594,683
+238% +$42.6M
SPGI icon
20
S&P Global
SPGI
$124B
$59.2M 1.34%
310,000
-160,463
-34% -$29.6M
VSTO
21
DELISTED
Vista Outdoor Inc.
VSTO
$59M 1.33%
3,613,834
-244,064
-6% -$3.96M
CC icon
22
Chemours
CC
$2.48B
$59M 1.33%
1,210,264
-284,195
-19% -$14.2M
MERC icon
23
Mercer International
MERC
$40.5M
$57.2M 1.29%
4,593,644
-207,905
-4% -$2.81M
ESI icon
24
Element Solutions
ESI
$8.48B
$56.8M 1.29%
5,899,720
+330,936
+6% +$3.53M
SRG
25
Seritage Growth Properties
SRG
$138M
$54.5M 1.23%
1,532,187
+43,499
+3% +$1.69M
1
2

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Gates Capital Management's Q1 2018 Portfolio in Review

As of Q1 2018, Gates Capital Management held 35 positions worth $4.42B, up 6.1% from $4.17B the previous quarter. Its ten largest holdings account for 70% of the portfolio.

Gates Capital Management deployed $321M of net new capital in Q1 2018, opening 2 new positions and adding to 16 existing holdings. Its largest new stake was VICI Properties: 5,365,541 shares worth $98M.

By sector, the portfolio is most concentrated in Industrials at 12% of assets, up from 9.7% a quarter earlier, followed by Consumer Discretionary and Technology.

On the sell side, the largest reduction was GCP Applied Technologies Inc., an estimated $57.2M trimmed.

  • Gates Capital Management's largest Q1 2018 buy was VICI Properties: 5,365,541 shares worth $98M.
  • Gates Capital Management added most to Armstrong World Industries in Q1 2018, an estimated $72.7M increase.
  • Gates Capital Management's biggest Q1 2018 reduction was GCP Applied Technologies Inc., cutting an estimated $57.2M.
  • Gates Capital Management fully exited Varian Medical Systems, Inc. in Q1 2018, selling an estimated $49M.
  • Gates Capital Management's ten largest holdings make up 70% of its $4.42B portfolio in Q1 2018.
  • Gates Capital Management opened 2 new positions and closed 3 in Q1 2018.
  • Gates Capital Management's portfolio value rose 6.1% quarter-over-quarter to $4.42B.

Based on Gates Capital Management's 13F filing for Q1 2018, filed 15 May 2018.