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Funds (13F)

Gates Capital Management, Inc.

Backtest from 16 Aug 2013 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+10.6%
S&P 500 +14.1%
Last 12 months
+11.7%
S&P 500 +12.1%
Sharpe ratio
0.48
S&P 500 0.78
Biggest drop
−44.3%
S&P 500 −31.8%
$10.0k$20.0k$40.0k 2013201520172019202120232025 $57.0k$37.8k
StrategyS&P 500 $10,000 in Gates Capital Management, Inc. from 16 Aug 2013 against the S&P 500 (total return) over the same dates, marked weekly, log scale. Hypothetical: before taxes and trading costs.

About

Copies Gates Capital Management, Inc.'s quarterly 13F holdings in the companies we cover, weighted by reported value: it buys on the first trading day after each 13F is filed (up to 45 days after the quarter) and holds until the next filing. A 13F shows long US-listed positions only, at the quarter's end, so this misses shorts, cash, bonds, non-US holdings and trading within the quarter.

Gates Capital Management, Inc.'s 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+10.6%+14.1%
Total return+278%+470%
Last 12 months+11.7%+12.1%
Last 3 months−0.7%—
Last month+7.8%—
This year so far+9.0%—
Volatility a year21.5%16.0%
Sharpe ratio0.480.78
Biggest drop−44.3%−31.8%
Beta to the S&P 5001.151.00
Alpha a year (t-statistic)−3.9% (−1.25)—
Share of weeks up56%—

Sharpe ratio uses returns above the 3-month Treasury bill rate. Alpha is the yearly return left after allowing for the strategy's exposure to the S&P 500 (CAPM); a t-statistic below about 2 means it cannot be told apart from luck.

Insights

CompanyWeightHeld sinceReturn since
DAR5.2%——
TIC5.2%——
DVA5.0%——
RTO4.9%——
SPGI4.8%——
NVST4.8%——
CARR4.8%——
MBC4.5%——
SIRI4.4%——
ATKR4.3%——
PNR4.2%——
COO4.0%——
FTV3.6%——
VICI3.1%——
GLPI3.0%——
GTX3.0%——
AMRZ2.8%——
TKO2.7%——
AWI2.7%——
RAL2.7%——
CRH2.6%——
VLTO2.6%——
NEOG2.6%——
ESI2.5%——
AOS2.1%——
CCSI2.1%——
OTIS2.0%——
APG2.0%——
KBR1.6%——
XBP0.2%——
MBGL0.0%——

Weighted by reported value in the latest 13F, held until the next filing.

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest16 Aug 2013 to 2 Nov 2026+10.6%+14.1%0.480.78−44.3%1.15−3.9% (−1.25)
2018 onwards5 Jan 2018 to 2 Nov 2026+8.3%+13.9%0.340.66−44.3%1.14−5.5% (−1.33)
Last three years3 Nov 2023 to 2 Nov 2026+13.8%+21.8%0.591.16−19.1%0.85−3.9% (−0.58)
Last year7 Nov 2025 to 2 Nov 2026+13.1%+14.2%0.610.84−12.3%0.66+2.9% (0.22)
DateCompanyAction
21 Aug 2026MBGLBought
21 Aug 2026COOBought
22 May 2026VSNTBought
22 May 2026SIRIBought
22 May 2026KBRBought
22 May 2026AOSBought
20 Feb 2026XBPBought
20 Feb 2026QBought
15 Aug 2025RALBought
15 Aug 2025AMRZBought
16 May 2025TICBought
16 May 2025NEOGBought
21 Feb 2025YETIBought
21 Feb 2025MERCBought
21 Feb 2025GTXBought
15 Nov 2024WHBought
15 Nov 2024VLTOBought
15 Nov 2024VICIBought
15 Nov 2024TKOBought
15 Nov 2024SPGIBought
15 Nov 2024RTOBought
15 Nov 2024PNRBought
15 Nov 2024OTISBought
15 Nov 2024NVSTBought
15 Nov 2024MBCBought

Dated at the rebalance that made the change.

DateCompanyAction
21 Aug 2026VSNTSold
21 Aug 2026QSold
22 May 2026WHSold
20 Feb 2026LWSold
21 Nov 2025MERCSold
15 Aug 2025YETISold
15 Aug 2025ENTGSold
16 May 2025KVUESold
16 May 2025GEHCSold

Dated at the rebalance that made the change.

Backtests are hypothetical and use today's listed companies only, which flatters results. Past performance does not predict future returns. This is research, not investment advice. How we backtest