Gates Capital Management, Inc.

CIK

1312908

Location

New York, NY

Portfolio Value

Mid $2,898,581,870

Diversification

Diversified

Filing Date

Global Rank

#954 / 8,623 ▼ 12 · as of Mar 2026

Top Industry

Specialty Business Services 9.7%

3Y Alpha vs SPY

-9.0%

Period ended 4 months ago

Filed May 15, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+33.3%

SPY

+65.3%

Annualised alpha

-8.2%

Max drawdown

−24.4%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 96% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

31 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

5.5%

−0.3 pts

Top 5

25.1%

−2.9 pts

Top 10

47.1%

−3.8 pts

HHI

371

Diversified−45

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Industrials	38.2%	$1,106,188,247	11
Basic Materials	12.2%	$354,091,829	3
Healthcare	10.5%	$305,313,926	3
Technology	9.3%	$268,567,492	5
Communication Services	7.1%	$205,383,336	3
Consumer Cyclical	6.7%	$193,832,981	2
Real Estate	6.2%	$179,676,479	2
Consumer Defensive	5.0%	$146,035,210	1
Financial Services	4.8%	$139,492,370	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

9 positions

Ticker	Company	Δ Shares	Shares	Value
TIC	TIC Solutions, Inc.	+7,013,879	21,850,000	$143,773,000
MBC	MasterBrand, Inc.	+1,121,233	10,346,864	$85,982,439
GTX	Garrett Motion Inc.	+457,779	5,935,638	$107,850,542
CRH	Crh Public Ltd Co	+310,602	1,089,281	$114,505,218
VLTO	Veralto Corp	+287,139	1,079,924	$95,486,880
AWI	Armstrong World Industries Inc	+70,500	498,268	$82,114,566
CCSI	Consensus Cloud Solutions, Inc.	+43,412	1,838,379	$43,643,117
SPGI	S&P Global Inc.	+40,401	327,955	$139,492,370
Q	Qnity Electronics, Inc.	+20,000	325,463	$37,551,920
No positions match the current search.

Trimmed

Positions the filer reduced

17 positions

Ticker	Company	Δ Shares	Shares	Value
DAR	Darling Ingredients Inc.	−2,382,929	2,361,119	$146,035,210
NEOG	Neogen Corp	−2,126,885	6,258,649	$58,142,849
ESI	Element Solutions Inc	−1,503,920	3,059,066	$104,436,513
RAL	Ralliant Corp	−865,360	1,390,156	$57,816,588
CARR	CARRIER GLOBAL Corp	−725,689	2,494,791	$140,481,681
DVA	Davita Inc.	−452,477	723,008	$111,119,099
NVST	Envista Holdings Corp	−445,408	5,362,711	$136,051,978
TKO	TKO Group Holdings, Inc.	−402,000	427,869	$86,279,783
PNR	PENTAIR plc	−400,000	902,606	$78,626,008
FTV	Fortive Corp	−352,307	2,089,472	$115,506,012
APG	APi Group Corp	−233,621	1,599,946	$64,829,811
VICI	Vici Properties Inc.	−175,000	3,234,160	$88,357,251
RTO	Rentokil Initial PLC /Fi	−164,616	4,351,956	$136,999,574
ATKR	Atkore Inc.	−47,429	2,685,718	$158,215,647
AMRZ	Amrize Ltd	−31,975	2,412,533	$135,150,098
GLPI	Gaming & Leisure Properties, Inc.	−30,832	2,058,130	$91,319,228
OTIS	Otis Worldwide Corp	−20,413	737,558	$56,850,970
No positions match the current search.

New Positions

Positions the filer opened this quarter

4 positions

Ticker	Company	Shares	Value
KBR	Kbr, Inc.	2,091,565	$77,095,085
AOS	Smith A O Corp	1,087,580	$71,715,025
SIRI	Sirius Xm Holdings Inc.	2,742,359	$63,293,645
VSNT	Versant Media Group, Inc.	1,507,561	$55,809,908
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
WH	Wyndham Hotels & Resorts, Inc.	746,848	$56,431,834
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

31 tracked positions · $2,898,581,870 total · filing declares 34 positions · $3,660,037,289 · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Financial Services Healthcare Industrials Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
ATKR	Atkore Inc. Industrials	Reduced	2,685,718	-47,429	$158,215,647	−8.5%	5.46%
DAR	Darling Ingredients Inc. Consumer Defensive	Reduced	2,361,119	-2,382,929	$146,035,210	−14.5%	5.04%
TIC	TIC Solutions, Inc. Industrials	Reduced	21,850,000	-7,822,242	$143,773,000	−52.1%	4.96%
CARR	CARRIER GLOBAL Corp Industrials	Reduced	2,494,791	-725,689	$140,481,681	−17.4%	4.85%
SPGI	S&P Global Inc. Financial Services	Added	327,955	+40,401	$139,492,370	−7.2%	4.81%
RTO	Rentokil Initial PLC /Fi Industrials	Reduced	4,351,956	-164,616	$136,999,574	+3.0%	4.73%
NVST	Envista Holdings Corp Healthcare	Reduced	5,362,711	-445,408	$136,051,978	+7.9%	4.69%
AMRZ	Amrize Ltd Basic Materials	Reduced	2,412,533	-31,975	$135,150,098	+2.2%	4.66%
FTV	Fortive Corp Technology	Reduced	2,089,472	-352,307	$115,506,012	−14.3%	3.98%
CRH	Crh Public Ltd Co Basic Materials	Added	1,089,281	+310,602	$114,505,218	+17.8%	3.95%
DVA	Davita Inc. Healthcare	Reduced	723,008	-452,477	$111,119,099	−16.8%	3.83%
GTX	Garrett Motion Inc. Consumer Cyclical	Added	5,935,638	+457,779	$107,850,542	+13.0%	3.72%
ESI	Element Solutions Inc Basic Materials	Reduced	3,059,066	-1,503,920	$104,436,513	−8.4%	3.60%
VLTO	Veralto Corp Industrials	Added	1,079,924	+287,139	$95,486,880	+20.7%	3.29%
GLPI	Gaming & Leisure Properties, Inc. Real Estate	Reduced	2,058,130	-30,832	$91,319,228	−2.2%	3.15%
VICI	Vici Properties Inc. Real Estate	Reduced	3,234,160	-175,000	$88,357,251	−7.8%	3.05%
TKO	TKO Group Holdings, Inc. Communication Services	Reduced	427,869	-402,000	$86,279,783	−50.3%	2.98%
MBC	MasterBrand, Inc. Consumer Cyclical	Added	10,346,864	+1,121,233	$85,982,439	−15.6%	2.97%
AWI	Armstrong World Industries Inc Industrials	Added	498,268	+70,500	$82,114,566	+0.5%	2.83%
PNR	PENTAIR plc Industrials	Reduced	902,606	-400,000	$78,626,008	−42.0%	2.71%
KBR	Kbr, Inc. Industrials	NEW	2,091,565	NEW	$77,095,085	NEW	2.66%
AOS	Smith A O Corp Industrials	NEW	1,087,580	NEW	$71,715,025	NEW	2.47%
APG	APi Group Corp Industrials	Reduced	1,599,946	-233,621	$64,829,811	−7.6%	2.24%
SIRI	Sirius Xm Holdings Inc. Communication Services	NEW	2,742,359	NEW	$63,293,645	NEW	2.18%
NEOG	Neogen Corp Healthcare	Reduced	6,258,649	-10,512,419	$58,142,849	−50.4%	2.01%
RAL	Ralliant Corp Technology	Reduced	1,390,156	-865,360	$57,816,588	−49.6%	1.99%
OTIS	Otis Worldwide Corp Industrials	Reduced	737,558	-20,413	$56,850,970	−14.1%	1.96%
VSNT	Versant Media Group, Inc. Communication Services	NEW	1,507,561	NEW	$55,809,908	NEW	1.93%
CCSI	Consensus Cloud Solutions, Inc. Technology	Added	1,838,379	+43,412	$43,643,117	+11.4%	1.51%
Q	Qnity Electronics, Inc. Technology	Added	325,463	+20,000	$37,551,920	+50.6%	1.30%
XBP	XBP Global Holdings, Inc. Technology	Held	3,193,149	0	$14,049,855	−35.4%	0.48%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.