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Hedge fund

Gates Capital Management, Inc.

13F for the quarter to June 30, 2026, filed August 14, 2026 · SEC CIK 1312908

Reported value
$3.0bn
100% in companies we cover
Positions we cover
31
Largest DAR 5.2%
Copy, a year
+10.6%
S&P 500 +14.1%
Copy Sharpe ratio
0.48
S&P 500 0.78

How copying its 13F would have done

$10.0k$20.0k$40.0k 2013201520172019202120232025 $57.0k$37.8k
CopyS&P 500 $10,000 copying Gates Capital Management, Inc.'s filed holdings in companies we cover from August 16, 2013, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −44.3% (S&P 500 −31.8%); beta 1.15; alpha −3.9% a year (t = −1.25); last 12 months +11.7% against +12.1%.

Reported value by quarter

Gates Capital Management, Inc.: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).
$0 $1T $2T $3T Reported value, 2013-06-30: $2.2B Reported value, 2013-09-30: $2.5B Reported value, 2013-12-31: $3B Reported value, 2014-03-31: $3.4B Reported value, 2014-06-30: $3.7B Reported value, 2014-09-30: $3.3B Reported value, 2014-12-31: $3.4B Reported value, 2015-03-31: $2.8B Reported value, 2015-06-30: $3B Reported value, 2015-09-30: $2.6B Reported value, 2015-12-31: $1.5B Reported value, 2016-03-31: $1.6B Reported value, 2016-06-30: $1.9B Reported value, 2016-09-30: $1.9B Reported value, 2016-12-31: $2B Reported value, 2017-03-31: $2.1B Reported value, 2017-06-30: $2.2B Reported value, 2017-09-30: $2.3B Reported value, 2017-12-31: $2.4B Reported value, 2018-03-31: $2.5B Reported value, 2018-06-30: $2.7B Reported value, 2018-09-30: $2.7B Reported value, 2018-12-31: $1.8B Reported value, 2019-03-31: $2.2B Reported value, 2019-06-30: $2.4B Reported value, 2019-09-30: $2.3B Reported value, 2019-12-31: $2.3B Reported value, 2020-03-31: $1.5B Reported value, 2020-06-30: $2B Reported value, 2020-09-30: $2.2B Reported value, 2020-12-31: $2.5B Reported value, 2021-03-31: $2.7B Reported value, 2021-06-30: $3.3B Reported value, 2021-09-30: $3.5B Reported value, 2021-12-31: $3.4B Reported value, 2022-03-31: $3B Reported value, 2022-06-30: $2.5B Reported value, 2022-09-30: $2.3B Reported value, 2022-12-31: $2.5T Reported value, 2023-03-31: $2.8B Reported value, 2023-06-30: $3.1B Reported value, 2023-09-30: $3.1B Reported value, 2023-12-31: $3B Reported value, 2024-03-31: $3.4B Reported value, 2024-06-30: $3.3B Reported value, 2024-09-30: $3.5B Reported value, 2024-12-31: $3.4B Reported value, 2025-03-31: $3.2B Reported value, 2025-06-30: $3.3B Reported value, 2025-09-30: $3.2B Reported value, 2025-12-31: $2.9B Reported value, 2026-03-31: $2.9B Reported value, 2026-06-30: $3B 2013-06-30 2016-03-31 2018-12-31 2021-09-30 2026-06-30 $3B
View chart data
Period Reported value
2013-06-30 $2.2B
2013-09-30 $2.5B
2013-12-31 $3B
2014-03-31 $3.4B
2014-06-30 $3.7B
2014-09-30 $3.3B
2014-12-31 $3.4B
2015-03-31 $2.8B
2015-06-30 $3B
2015-09-30 $2.6B
2015-12-31 $1.5B
2016-03-31 $1.6B
2016-06-30 $1.9B
2016-09-30 $1.9B
2016-12-31 $2B
2017-03-31 $2.1B
2017-06-30 $2.2B
2017-09-30 $2.3B
2017-12-31 $2.4B
2018-03-31 $2.5B
2018-06-30 $2.7B
2018-09-30 $2.7B
2018-12-31 $1.8B
2019-03-31 $2.2B
2019-06-30 $2.4B
2019-09-30 $2.3B
2019-12-31 $2.3B
2020-03-31 $1.5B
2020-06-30 $2B
2020-09-30 $2.2B
2020-12-31 $2.5B
2021-03-31 $2.7B
2021-06-30 $3.3B
2021-09-30 $3.5B
2021-12-31 $3.4B
2022-03-31 $3B
2022-06-30 $2.5B
2022-09-30 $2.3B
2022-12-31 $2.5T
2023-03-31 $2.8B
2023-06-30 $3.1B
2023-09-30 $3.1B
2023-12-31 $3B
2024-03-31 $3.4B
2024-06-30 $3.3B
2024-09-30 $3.5B
2024-12-31 $3.4B
2025-03-31 $3.2B
2025-06-30 $3.3B
2025-09-30 $3.2B
2025-12-31 $2.9B
2026-03-31 $2.9B
2026-06-30 $3B

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
DARDarling Ingredients Inc.5.21%$158.5m2.90M+22.9% Added
TICTIC Solutions, Inc.5.18%$157.8m19.50M−10.7% Reduced
DVADaVita5.03%$153.1m688.1K−4.8% Reduced
RTORentokil Initial PLC4.86%$148.0m5.17M+18.9% Added
SPGIS&P Global4.83%$147.1m361.2K+10.1% Added
NVSTEnvista Holdings Corp4.80%$146.3m5.55M+3.5% Added
CARRCarrier Global4.80%$146.1m1.99M−20.2% Reduced
MBCMasterbrand, Inc.4.46%$135.7m13.19M+27.4% Added
SIRISirius XM Holdings Inc.4.40%$134.1m4.54M+65.5% Added
ATKRAtkore Inc.4.27%$130.0m1.71M−36.3% Reduced
PNRPentair4.22%$128.4m1.68M+85.6% Added
COOThe Cooper Companies3.98%$121.1m1.69MNew
FTVFortive3.65%$111.3m1.82M−12.8% Reduced
VICIVici Properties3.09%$94.2m3.55M+9.7% Added
GLPIGaming & Leisure Properties, Inc.3.00%$91.5m2.05M−0.2%
GTXGarrett Motion Inc.2.95%$89.8m2.48M−58.2% Reduced
AMRZAmrize Ltd2.77%$84.3m1.58M−34.5% Reduced
TKOTKO Group Holdings2.72%$82.9m411.6K−3.8% Reduced
AWIArmstrong World Industries Inc2.70%$82.3m513.3K+3.0% Added
RALRalliant Corp2.69%$81.8m1.11M−20.1% Reduced
CRHCRH plc2.60%$79.1m739.6K−32.1% Reduced
VLTOVeralto2.59%$78.9m889.8K−17.6% Reduced
NEOGNeogen Corp2.58%$78.6m8.74M+39.7% Added
ESIElement Solutions Inc2.53%$76.9m1.61M−47.3% Reduced
AOSA. O. Smith2.12%$64.6m1.03M−5.3% Reduced
CCSIConsensus Cloud Solutions, Inc.2.06%$62.7m1.64M−10.6% Reduced
OTISOtis Worldwide2.04%$62.1m867.3K+17.6% Added
APGApi Group Corp1.98%$60.3m1.42M−10.9% Reduced
KBRKBR, Inc.1.61%$49.1m1.42M−32.0% Reduced
XBPXBP Global Holdings, Inc.0.24%$7.4m3.19M0.0%
MBGLMobility Global Inc.0.04%$1.4m61.4KNew
CompanyBought (value)Shares
COOThe Cooper Companies$121.1m1.69M
PNRPentair$59.3m772.9K
SIRISirius XM Holdings Inc.$53.1m1.80M
DARDarling Ingredients Inc.$29.6m541.5K
MBCMasterbrand, Inc.$29.2m2.84M
RTORentokil Initial PLC$23.5m821.5K
NEOGNeogen Corp$22.3m2.48M
SPGIS&P Global$13.5m33.2K
OTISOtis Worldwide$9.3m129.7K
VICIVici Properties$8.3m312.7K
NVSTEnvista Holdings Corp$5.0m189.7K
AWIArmstrong World Industries Inc$2.4m15.0K
MBGLMobility Global Inc.$1.4m61.4K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanySold (value)Shares
GTXGarrett Motion Inc.−$125.2m−3.46M
ATKRAtkore Inc.−$74.2m−975.5K
ESIElement Solutions Inc−$69.1m−1.45M
VSNTVersant Media Group, Inc.−$55.8m−1.51M
AMRZAmrize Ltd−$44.3m−831.8K
QQnity Electronics, Inc.−$37.6m−325.5K
CRHCRH plc−$37.4m−349.7K
CARRCarrier Global−$36.9m−503.5K
KBRKBR, Inc.−$23.1m−668.8K
RALRalliant Corp−$20.6m−279.1K
TICTIC Solutions, Inc.−$19.0m−2.35M
VLTOVeralto−$16.9m−190.2K
FTVFortive−$16.4m−268.0K
DVADaVita−$7.8m−34.9K
APGApi Group Corp−$7.4m−175.0K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanyValue last quarterShares
VSNTVersant Media Group, Inc.$55.8m1.51M
QQnity Electronics, Inc.$37.6m325.5K
  • Industrials44.8%
  • Health Care16.4%
  • Materials7.9%
  • Communication Services7.1%
  • Real Estate6.1%
  • Consumer Staples5.2%
  • Financials4.8%
  • Technology4.7%
  • Consumer Discretionary3.0%

Share of the value held in companies we cover, by sector.

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestAugust 16, 2013 to November 2, 2026+10.6%+14.1%0.480.78−44.3%1.15
2018 onwardsJanuary 5, 2018 to November 2, 2026+8.3%+13.9%0.340.66−44.3%1.14
Last three yearsNovember 3, 2023 to November 2, 2026+13.8%+21.8%0.591.16−19.1%0.85
Last yearNovember 7, 2025 to November 2, 2026+13.1%+14.2%0.610.84−12.3%0.66

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.