Gates Capital Management, Inc.

CIK

1312908

Location

New York, NY

Portfolio Value

Mid $3,230,322,893

Diversification

Diversified

Filing Date

Global Rank

#877 / 7,976 ▼ 58

Top Industry

Building Materials 8.7%

3Y Alpha vs SPY

-8.2%

Period ended 9 months ago

Filed Nov 14, 2025 · 7mo

23 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+42.9%

SPY

+76.3%

Annualised alpha

-8.2%

Max drawdown

−24.6%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

28 positions · as of Sep 30, 2025 · Δ vs Jun 30, 2025

Top Position

6.1%

−3.0 pts

Top 5

28.1%

−4.4 pts

Top 10

50.2%

−4.2 pts

HHI

410

Diversified−38

Portfolio Trend

23 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2025

Sector	% Portfolio	Value	Positions
Industrials	35.2%	$1,137,833,012	10
Basic Materials	12.0%	$387,978,948	3
Technology	11.3%	$365,427,448	3
Healthcare	10.7%	$347,169,729	3
Consumer Cyclical	8.9%	$287,232,070	3
Consumer Defensive	8.1%	$260,224,897	2
Real Estate	6.1%	$196,463,688	2
Financial Services	4.3%	$139,955,407	1
Communication Services	3.3%	$108,037,694	1

Last Quarter's Activity

Export CSV

Sep 30, 2025 vs Jun 30, 2025

Added To

Positions the filer increased

10 positions

Ticker	Company	Δ Shares	Shares	Value
RAL	Ralliant Corp	+1,822,074	2,985,730	$130,565,972
AMRZ	Amrize Ltd	+1,192,545	3,169,304	$153,806,323
FTV	Fortive Corp	+591,164	3,972,133	$194,594,795
TIC	TIC Solutions, Inc.	+470,967	8,242,035	$109,701,485
APG	APi Group Corp	+409,936	2,123,976	$73,001,055
OTIS	Otis Worldwide Corp	+352,087	1,113,835	$101,837,934
ATKR	Atkore Inc.	+315,859	2,944,048	$184,709,571
WH	Wyndham Hotels & Resorts, Inc.	+176,500	806,778	$64,461,562
DVA	Davita Inc.	+91,403	1,190,383	$158,166,189
TKO	TKO Group Holdings, Inc.	+46,356	534,946	$108,037,694
No positions match the current search.

Trimmed

Positions the filer reduced

16 positions

Ticker	Company	Δ Shares	Shares	Value
ESI	Element Solutions Inc	−2,448,502	4,222,324	$106,275,895
NEOG	Neogen Corp	−1,893,489	10,900,452	$62,241,580
MBC	MasterBrand, Inc.	−1,648,476	10,376,340	$136,656,397
CARR	CARRIER GLOBAL Corp	−1,250,000	2,927,506	$174,772,108
GTLS	Chart Industries Inc	−921,128	92,000	$18,413,800
DAR	Darling Ingredients Inc.	−588,064	6,365,909	$196,515,610
LW	Lamb Weston Holdings, Inc.	−373,202	1,096,923	$63,709,287
CRH	Crh Public Ltd Co	−266,370	1,066,695	$127,896,730
GLPI	Gaming & Leisure Properties, Inc.	−240,406	2,347,616	$109,422,381
RTO	Rentokil Initial PLC /Fi	−159,309	5,987,619	$151,187,379
GTX	Garrett Motion Inc.	−156,795	6,322,622	$86,114,111
PNR	PENTAIR plc	−135,759	1,080,956	$119,726,686
NVST	Envista Holdings Corp	−105,210	6,222,973	$126,761,960
VLTO	Veralto Corp	−98,476	1,036,048	$110,453,077
CCSI	Consensus Cloud Solutions, Inc.	−84,976	1,371,014	$40,266,681
AWI	Armstrong World Industries Inc	−79,856	479,720	$94,029,917
No positions match the current search.

New Positions

Positions the filer opened this quarter

No qualifying positions this quarter.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
MERC	Mercer International Inc.	1,003,824	$3,513,384
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

28 positions · $3,230,322,893 total · as of Sep 30, 2025

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
DAR	Darling Ingredients Inc. Consumer Defensive	Reduced	6,365,909	-588,064	$196,515,610	−25.5%	6.08%
FTV	Fortive Corp Technology	Added	3,972,133	+591,164	$194,594,795	+10.4%	6.02%
ATKR	Atkore Inc. Industrials	Added	2,944,048	+315,859	$184,709,571	−0.4%	5.72%
CARR	CARRIER GLOBAL Corp Industrials	Reduced	2,927,506	-1,250,000	$174,772,108	−42.8%	5.41%
DVA	Davita Inc. Healthcare	Added	1,190,383	+91,403	$158,166,189	+1.0%	4.90%
AMRZ	Amrize Ltd Basic Materials	Added	3,169,304	+1,192,545	$153,806,323	+57.0%	4.76%
RTO	Rentokil Initial PLC /Fi Industrials	Reduced	5,987,619	-159,309	$151,187,379	+2.5%	4.68%
SPGI	S&P Global Inc. Financial Services	Held	287,554	0	$139,955,407	−7.7%	4.33%
MBC	MasterBrand, Inc. Consumer Cyclical	Reduced	10,376,340	-1,648,476	$136,656,397	+4.0%	4.23%
RAL	Ralliant Corp Technology	Added	2,985,730	+1,822,074	$130,565,972	+131.4%	4.04%
CRH	Crh Public Ltd Co Basic Materials	Reduced	1,066,695	-266,370	$127,896,730	+4.5%	3.96%
NVST	Envista Holdings Corp Healthcare	Reduced	6,222,973	-105,210	$126,761,960	+2.5%	3.92%
PNR	PENTAIR plc Industrials	Reduced	1,080,956	-135,759	$119,726,686	−4.1%	3.71%
VLTO	Veralto Corp Industrials	Reduced	1,036,048	-98,476	$110,453,077	−3.6%	3.42%
TIC	TIC Solutions, Inc. Industrials	Reduced	8,242,035	-7,300,101	$109,701,485	−36.1%	3.40%
GLPI	Gaming & Leisure Properties, Inc. Real Estate	Reduced	2,347,616	-240,406	$109,422,381	−9.4%	3.39%
TKO	TKO Group Holdings, Inc. Communication Services	Added	534,946	+46,356	$108,037,694	+21.5%	3.34%
ESI	Element Solutions Inc Basic Materials	Reduced	4,222,324	-2,448,502	$106,275,895	−29.7%	3.29%
OTIS	Otis Worldwide Corp Industrials	Added	1,113,835	+352,087	$101,837,934	+35.0%	3.15%
AWI	Armstrong World Industries Inc Industrials	Reduced	479,720	-79,856	$94,029,917	+3.4%	2.91%
VICI	Vici Properties Inc. Real Estate	Held	2,669,160	0	$87,041,307	+0.0%	2.69%
GTX	Garrett Motion Inc. Consumer Cyclical	Reduced	6,322,622	-156,795	$86,114,111	+26.5%	2.67%
APG	APi Group Corp Industrials	Added	2,123,976	+409,936	$73,001,055	+25.1%	2.26%
WH	Wyndham Hotels & Resorts, Inc. Consumer Cyclical	Added	806,778	+176,500	$64,461,562	+25.9%	2.00%
LW	Lamb Weston Holdings, Inc. Consumer Defensive	Reduced	1,096,923	-373,202	$63,709,287	−16.4%	1.97%
NEOG	Neogen Corp Healthcare	Reduced	10,900,452	-1,893,489	$62,241,580	+1.8%	1.93%
CCSI	Consensus Cloud Solutions, Inc. Technology	Reduced	1,371,014	-84,976	$40,266,681	+19.9%	1.25%
GTLS	Chart Industries Inc Industrials	Reduced	92,000	-921,128	$18,413,800	−89.0%	0.57%