Gates Capital Management portfolio
Investment firmPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 14, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Gates Capital Management reported a $3.0 bn portfolio of 31 positions to the SEC as of the end of Q2 2026. Its largest positions are DAR, TIC, DVA. During the quarter it opened Cooper Companies and exited Versant Media Group and Qnity Electronics.
Sections with a free account
What it reported after the quarter end (Q2 2026)
The 13F shows the portfolio as of Jun 30, 2026. Since then Gates Capital Management has filed these own trades with the SEC (Form 4, when it owns more than 10% of a company or holds a role in it) and stakes above 5% (13D and 13G). It is not everything it did: only what it must report before the next 13F.
What changed this quarter
30 positions with a change (1 new, 11 added to, 16 trimmed, 2 sold); also, 1 entered through an IPO. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Cooper Companies+4.0 ppof portfolioNew— → 4.0%
- Garrett Motion−58%fewer sharesReduced3.7% → 2.9%
- Atkore−36%fewer sharesReduced5.5% → 4.3%
- Element Solutions−47%fewer sharesReduced3.6% → 2.5%
- Pentair+86%more sharesIncreased2.7% → 4.2%
- Versant Media Group−1.8 ppof portfolioSold out1.9% → —
- Sirius XM Holdings+66%more sharesIncreased2.2% → 4.4%
- Amrize−34%fewer sharesReduced4.7% → 2.8%
- Qnity Electronics−1.2 ppof portfolioSold out1.3% → —
- CRH public−32%fewer sharesReduced4.0% → 2.6%
- Carrier Global−20%fewer sharesReduced4.8% → 4.8%
- Darling Ingredients+23%more sharesIncreased5.0% → 5.2%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- Darling IngredientsDAR5.2%
- TIC SolutionsTIC5.2%
- DavitaDVA5.0%
- Rentokil InitialRTO4.9%
- S&P GlobalSPGI4.8%
- Envista HoldingsNVST4.8%
- Carrier GlobalCARR4.8%
- MasterBrandMBC4.5%
- Sirius XM HoldingsSIRI4.4%
- AtkoreATKR4.3%
- PentairPNR4.2%
- Cooper CompaniesCOO4.0%
- FortiveFTV3.7%
- VICI PropertiesVICI3.1%
- Gaming and Leisure PropertiesGLPI3.0%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Industrials 45%
- ● Health Care 16%
- ● Materials 8%
- ● Communication Services 7%
- ● Real Estate 6%
- ● Consumer Staples 5%
- ● Financials 5%
- ● Information Technology 5%
- ● Consumer Discretionary 3%
How its portfolio changed (8 quarters)
Q2 2026: 31
Q2 2026: 48%
Q2 2026: 15.9%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Declared options (4)
Besides stocks, Gates Capital Management declared 4 puts (they gain if the stock falls) with a notional of $1.1 bn. The 13F reports the value of the underlying shares, not the premium paid, so these figures look large and are not added to the portfolio. Nor does it say whether the option is bought or written, or its strike or expiry: it may be a hedge.
- PUTState Street Industrial Select Sector ETFXLI$370M
- PUTIshares TrHYG$300M
- PUTState Street Materials Select Sector ETFXLB$229M
- PUTiShares 20+ Year Treasury BD ETFTLTnew this quarter$216M
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Investment firm, per its Form ADV of Mar 12, 2026 (high confidence).
The data, as reported: GATES CAPITAL MANAGEMENT, INC. (CRD 137842): 7.B private funds: 4 hedge (gross assets $3.6 bn); 5.D assets by client type: pooled vehicles 100% (of $3.3 bn) · 13F: 31% of the portfolio was already held when the stock started trading
The type comes from a rule applied to that data. If it looks wrong, tell us.
Not counted as a concentrated manager: more than 20% is options. Its portfolio is shown all the same, but it is left out of manager counts, the consensus and the ranking. How this is decided
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