SEC 13F Intelligence

Managers / Q1 2023 · view latest →

Gates Capital Management, Inc.

CIK 0001312908 · 1177 AVE. OF THE AMERICAS, 46TH FLOOR, NEW YORK, NY, 10036 · 212-626-1421

Reported Value
$3.8B
Q1 2023
Positions
27
Filings on Record
30
2019–present window
Filed
May 15, 2023
original filing

Summary

Gates Capital Management, Inc. reported $3.8B in U.S.-listed holdings across 27 positions for Q1 2023.

Its largest position, RTO, represents 5.1% of the portfolio.

Compared with Q4 2022, the fund opened 1 new position and exited 1.

Portfolio Metrics

Turnover
+6.7%
vs prior filed quarter
Top-10 Concentration
+43.6%
share of reported value
Largest Position
+5.1%
Rentokil Initial
New / Exited
1 / 1
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $1.8BQ4 ’18Q1 ’19: $2.2BQ2 ’19: $2.4BQ3 ’19: $2.3BQ4 ’19: $2.3BQ4 ’19Q1 ’20: $1.5BQ2 ’20: $2.0BQ3 ’20: $2.3BQ4 ’20: $3.3BQ4 ’20Q1 ’21: $2.7BQ2 ’21: $3.5BQ3 ’21: $3.6BQ4 ’21: $3.6BQ4 ’21Q1 ’22: $3.3BQ2 ’22: $2.9BQ3 ’22: $2.7BQ4 ’22: $3.2BQ4 ’22Q1 ’23: $3.8BQ2 ’23: $4.2BQ3 ’23: $4.0BQ4 ’23: $4.3BQ4 ’23Q1 ’24: $4.8BQ2 ’24: $5.0BQ3 ’24: $5.7BQ4 ’24: $5.3BQ4 ’24Q1 ’25: $5.1BQ2 ’25: $5.8BQ3 ’25: $5.6BQ4 ’25: $3.8BQ4 ’25Q1 ’26: $3.7Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 62.1%ETP: 20.2%REIT: 6.0%ADR: 5.1%Other: 3.8%Other: 2.8%
  • Common Stock · 62.1% · $2.3B
  • ETP · 20.2% · $759M
  • REIT · 6.0% · $226M
  • ADR · 5.1% · $193M
  • Other · 3.8% · $142M
  • Other · 2.8% · $107M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MLIMUELLER INDS INCNEW+824.2K824.2K+$61M$61M
GEHCGE HEALTHCARE TECHNOLOGIES IADDED+1.44M2.19M+$136M$180M
GXOGXO LOGISTICS INCORPORATEDSOLD OUT−1.74M0−$74M$0
SELECT SECTOR SPDR TRADDED+3.25M7.50M+$341M$759M
CCSICONSENSUS CLOUD SOLUTIONS INADDED+769.4K1.85M+$5M$63M
ENQENTEGRIS INCTRIMMED−1.12M665.1K−$63M$55M
MBCMASTERBRAND INCADDED+2.77M10.34M+$26M$83M
WHWYNDHAM HOTELS & RESORTS INCADDED+585.0K2.21M+$34M$150M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2023

23 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1RTORENTOKIL INITIAL PLChistory →SPONSORED ADR5.13%$193M5.28M
2FTVFORTIVE CORPhistory →COM5.04%$190M2.78M
3GEHCGE HEALTHCARE TECHNOLOGIES Ihistory →COMMON STOCK4.78%$180M2.19M
4NVSTENVISTA HOLDINGS CORPORATIONhistory →NOTE 2.375% 6/0 · COM4.49%$169M55.01M
5OTISOTIS WORLDWIDE CORPhistory →COM4.46%$168M1.99M
6CARRCARRIER GLOBAL CORPORATIONhistory →COM4.37%$164M3.59M
7VSTOEURVISTA OUTDOOR INChistory →COM4.11%$155M5.58M
8PAHUSDELEMENT SOLUTIONS INChistory →COM4.05%$152M7.89M
9WHWYNDHAM HOTELS & RESORTS INChistory →COM3.99%$150M2.21M
10SPGIS&P GLOBAL INChistory →COM3.86%$145M421.5K
11PENTAIR PLCSHS3.76%$142M2.56M
12AWIARMSTRONG WORLD INDS INC NEWhistory →COM3.65%$137M1.93M
13GLPIGAMING & LEISURE PPTYS INChistory →COM3.53%$133M2.55M
14APY1EURCHAMPIONX CORPORATIONhistory →COM3.47%$131M4.81M
15ATKRATKORE INChistory →COM3.37%$127M902.8K
16VICIVICI PPTYS INChistory →COM2.49%$94M2.87M
17TRLDAVITA INChistory →COM2.24%$84M1.04M
18MBCMASTERBRAND INChistory →COMMON STOCK2.21%$83M10.34M
19CB1ACONSTELLATION BRANDS INChistory →CL A1.98%$74M329.4K
20ZWSZURN ELKAY WATER SOLNS CORPhistory →COM1.87%$70M3.29M
21CCSICONSENSUS CLOUD SOLUTIONS INhistory →COM1.67%$63M1.85M
22MLIMUELLER INDS INChistory →COM1.61%$61M824.2K
23ENQENTEGRIS INChistory →COM1.45%$55M665.1K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$3.7B34May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$3.8B32Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$5.6B34Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$5.8B34Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$5.1B33May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$5.3B37Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$5.7B33Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$5.0B35Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$4.8B35May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$4.3B35Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$4.0B31Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$4.2B34Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$3.8B27May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$3.2B27Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$2.7B27Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$2.9B26Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$3.3B29May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$3.6B31Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$3.6B31Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$3.5B29Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$2.7B23May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$3.3B26Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$2.3B27Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$2.0B26Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$1.5B28May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$2.3B27Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$2.3B29Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$2.4B29Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$2.2B28May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$1.8B28Feb 14, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 1 additional manager.

  • Gates Capital Management, L.P.028-16915

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.