GCM

Gates Capital Management Portfolio holdings

AUM $4.16B Turnover 13.51%
1-Year Est. Return 21%
This Fund
S&P 500
This Quarter Est. Return
+2.7%
1 Year Est. Return
+21%
3 Year Est. Return
+34.83%
5 Year Est. Return
+35.77%
10 Year Est. Return
+189.44%
AUM
$3.66B
AUM Growth
-$138M
Cap. Flow
+$8.44M
Cap. Flow %
0.23%
Top 10 Hldgs %
48.16%
Holding
37
New
5
Increased
9
Reduced
18
Closed
3
Avg Time Held Equity + Options
3.5 years
Top 10 Avg Time Held Equity + Options
1.2 years
Top 20 Avg Time Held Equity + Options
1.7 years
Avg Time Held Equity only
3.6 years
Top 10 Avg Time Held Equity only
1.2 years
Top 20 Avg Time Held Equity only
2.6 years

Top Buys

Rank Stock Value
1
KBR icon
KBR
KBR
+$85.9M
2
AOS icon
A.O. Smith
AOS
+$78.4M
3
TIC icon
TIC Solutions Inc
TIC
+$66M
4
SIRI icon
SiriusXM
SIRI
+$58.9M
5
VSNT icon
Versant Media Group
VSNT
+$50.8M

Top Sells

Rank Stock Value
1
DAR icon
Darling Ingredients
DAR
+$117M
2
DVA icon
DaVita
DVA
+$61.4M
3
WH icon
Wyndham Hotels & Resorts
WH
+$56.4M
4
ESI icon
Element Solutions
ESI
+$47.1M
5
CARR icon
Carrier Global
CARR
+$43M

Sector Composition

Rank Sector Weight
1 Industrials 30.22%
2 Miscellaneous 20.8%
3 Materials 9.67%
4 Healthcare 8.34%
5 Technology 7.34%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
XLI icon
1
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$30.4B
$390M 10.66%
2,411,500
-903,500
-27% -$152M
2022 Q4
13 quarters
XLB icon
2
PUT
State Street Materials Select Sector SPDR ETF
XLB
$7.83B
$202M 5.53%
4,050,000
-2,350,000
-37% -$118M
2024 Q2
7 quarters
HYG icon
3
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
$169M 4.62%
+2,125,000
New +$171M
2026 Q1
0 quarters
ATKR icon
4
Atkore
ATKR
$3.2B
$158M 4.32%
2,685,718
-47,429
-2% -$3.08M
2022 Q3
14 quarters
DAR icon
5
Darling Ingredients
DAR
$9.88B
$146M 3.99%
2,361,119
-2,382,929
-50% -$117M
2023 Q4
9 quarters
TIC icon
6
TIC Solutions Inc
TIC
$1.88B
$144M 3.93%
21,850,000
+7,013,879
+47% +$66M
2025 Q1
4 quarters
CARR icon
7
Carrier Global
CARR
$44.6B
$140M 3.84%
2,494,791
-725,689
-23% -$43M
2020 Q2
23 quarters
SPGI icon
8
S&P Global
SPGI
$120B
$139M 3.81%
327,955
+40,401
+14% +$18.8M
2016 Q2
39 quarters
RTO icon
9
Rentokil
RTO
$10.2B
$137M 3.74%
4,351,956
-164,616
-4% -$5.19M
2022 Q4
13 quarters
NVST icon
10
Envista
NVST
$3.65B
$136M 3.72%
5,362,711
-445,408
-8% -$11.6M
2022 Q2
15 quarters
AMRZ icon
11
Amrize Ltd
AMRZ
$19.8B
$135M 3.69%
2,412,533
-31,975
-1% -$1.83M
2025 Q2
3 quarters
FTV icon
12
Fortive
FTV
$17.3B
$116M 3.16%
2,089,472
-352,307
-14% -$19.8M
2022 Q1
16 quarters
CRH icon
13
CRH
CRH
$52.8B
$115M 3.13%
1,089,281
+310,602
+40% +$36.5M
2023 Q2
11 quarters
DVA icon
14
DaVita
DVA
$11.5B
$111M 3.04%
723,008
-452,477
-38% -$61.4M
2013 Q2
51 quarters
GTX icon
15
Garrett Motion
GTX
$4.71B
$108M 2.95%
5,935,638
+457,779
+8% +$8.54M
2024 Q4
5 quarters
ESI icon
16
Element Solutions
ESI
$8.71B
$104M 2.85%
3,059,066
-1,503,920
-33% -$47.1M
2018 Q3
30 quarters
VLTO icon
17
Veralto
VLTO
$24.5B
$95.5M 2.61%
1,079,924
+287,139
+36% +$27.3M
2023 Q4
9 quarters
GLPI icon
18
Gaming and Leisure Properties
GLPI
$11.1B
$91.3M 2.5%
2,058,130
-30,832
-1% -$1.43M
2013 Q4
49 quarters
VICI icon
19
VICI Properties
VICI
$25.2B
$88.4M 2.41%
3,234,160
-175,000
-5% -$5.01M
2018 Q1
32 quarters
TKO icon
20
TKO Group
TKO
$12.6B
$86.3M 2.36%
427,869
-22,000
-5% -$4.5M
2024 Q1
8 quarters
MBC icon
21
MasterBrand
MBC
$1.3B
$86M 2.35%
10,346,864
+1,121,233
+12% +$12.1M
2022 Q4
13 quarters
AWI icon
22
Armstrong World Industries
AWI
$6.89B
$82.1M 2.24%
498,268
+70,500
+16% +$12.9M
2017 Q4
33 quarters
PNR icon
23
Pentair
PNR
$8.31B
$78.6M 2.15%
902,606
– –
2022 Q2
15 quarters
KBR icon
24
KBR
KBR
$4.43B
$77.1M 2.11%
+2,091,565
New +$85.9M
2026 Q1
0 quarters
AOS icon
25
A.O. Smith
AOS
$7.83B
$71.7M 1.96%
+1,087,580
New +$78.4M
2026 Q1
0 quarters
1
2

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Gates Capital Management's Q1 2026 Portfolio in Review

As of Q1 2026, Gates Capital Management held 37 positions worth $3.66B, down 3.6% from $3.8B the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Gates Capital Management's Q1 2026 filing shows 5 new, 9 increased, 18 reduced and 3 closed positions. Its largest new stake was KBR: 2,091,565 shares worth $77.1M. The largest sale was Darling Ingredients, an estimated $117M.

By sector, the portfolio is most concentrated in Industrials at 30% of assets, up from 27% a quarter earlier, followed by Miscellaneous and Materials.

  • Gates Capital Management's largest Q1 2026 buy was KBR: 2,091,565 shares worth $77.1M.
  • Gates Capital Management added most to TIC Solutions Inc in Q1 2026, an estimated $66M increase.
  • Gates Capital Management's biggest Q1 2026 reduction was Darling Ingredients, cutting an estimated $117M.
  • Gates Capital Management fully exited Wyndham Hotels & Resorts in Q1 2026, selling an estimated $56.4M.
  • Gates Capital Management's ten largest holdings make up 48% of its $3.66B portfolio in Q1 2026.
  • Gates Capital Management opened 5 new positions and closed 3 in Q1 2026.
  • Gates Capital Management's portfolio value fell 3.6% quarter-over-quarter to $3.66B.

Based on Gates Capital Management's 13F filing for Q1 2026, filed 15 May 2026.