Gates Capital Management: 13F holdings, Q2 2026
Concentrated value · SEC EDGAR filings (CIK 0001312908) · Explore on the interactive board
Gates Capital Management disclosed 31 US equity positions worth $3.0bn in its Q2 2026 13F filing (holdings as of June 30, 2026, filed August 14, 2026). Its largest position is DAR at 5.2% of the reported book, followed by TIC SOLUTIONS INC, DVA. The top ten holdings are 47.8% of the book, and the portfolio behaves like about 26 equal-weight positions. Versus the prior filing it opened 2 new positions, added to 11, reduced 16 and exited 2.
What does Gates Capital Management own? Top holdings as of June 30, 2026
Change is measured in shares against the previous filing (Q1 2026), so price moves do not read as decisions. This quarter: 2 new, 11 added, 16 reduced, 2 exited.
| # | Stock | Sector | Weight | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|---|
| 1 | DAR DARLING INGREDIENTS INC | Consumer Defensive | 5.2% | $158.5m | 2,902,582 | 23% | added |
| 2 | TIC SOLUTIONS INC | 5.2% | $157.8m | 19,501,621 | -11% | reduced | |
| 3 | DVA DAVITA INC | Healthcare | 5.0% | $153.1m | 688,136 | -5% | reduced |
| 4 | RENTOKIL INITIAL PLC | 4.9% | $148.0m | 5,173,407 | 19% | added | |
| 5 | SPGI S&P GLOBAL INC | Financial Services | 4.8% | $147.1m | 361,186 | 10% | added |
| 6 | NVST ENVISTA HOLDINGS CORPORATION | Healthcare | 4.8% | $146.3m | 5,552,383 | 4% | added |
| 7 | CARR CARRIER GLOBAL CORPORATION | Industrials | 4.8% | $146.1m | 1,991,308 | -20% | reduced |
| 8 | MBC MASTERBRAND INC | Consumer Cyclical | 4.5% | $135.7m | 13,186,754 | 27% | added |
| 9 | SIRI SIRIUSXM HOLDINGS INC | 4.4% | $134.1m | 4,539,927 | 66% | added | |
| 10 | ATKR ATKORE INC | Industrials | 4.3% | $130.0m | 1,710,192 | -36% | reduced |
| 11 | PNR PENTAIR PLC | Industrials | 4.2% | $128.4m | 1,675,515 | 86% | added |
| 12 | COO COOPER COS INC | Healthcare | 4.0% | $121.1m | 1,688,589 | – | new |
| 13 | FTV FORTIVE CORP | Technology | 3.7% | $111.3m | 1,821,430 | -13% | reduced |
| 14 | VICI VICI PPTYS INC | Real Estate | 3.1% | $94.2m | 3,546,895 | 10% | added |
| 15 | GLPI GAMING & LEISURE P | Real Estate | 3.0% | $91.5m | 2,054,803 | -0% | held |
| 16 | GTX GARRETT MOTION INC | Consumer Cyclical | 3.0% | $89.8m | 2,479,851 | -58% | reduced |
| 17 | AMRZ AMRIZE LTD | Basic Materials | 2.8% | $84.3m | 1,580,748 | -34% | reduced |
| 18 | TKO TKO GROUP HOLDINGS INC | Communication Services | 2.7% | $82.9m | 411,584 | -4% | reduced |
| 19 | AWI ARMSTRONG WORLD INDS INC NEW | Industrials | 2.7% | $82.3m | 513,283 | 3% | added |
| 20 | RAL RALLIANT CORP | Technology | 2.7% | $81.8m | 1,111,015 | -20% | reduced |
| 21 | CRH CRH PLC | Basic Materials | 2.6% | $79.1m | 739,562 | -32% | reduced |
| 22 | VLTO VERALTO CORP | Industrials | 2.6% | $78.9m | 889,770 | -18% | reduced |
| 23 | NEOG NEOGEN CORP | Healthcare | 2.6% | $78.6m | 8,742,274 | 40% | added |
| 24 | ESI ELEMENT SOLUTIONS INC | Basic Materials | 2.5% | $76.9m | 1,611,499 | -47% | reduced |
| 25 | AOS SMITH A O CORP | Industrials | 2.1% | $64.6m | 1,030,321 | -5% | reduced |
| 26 | CONSENSUS CLOUD SOLUTIONS IN | 2.1% | $62.7m | 1,644,274 | -11% | reduced | |
| 27 | OTIS OTIS WORLDWIDE CORP | Industrials | 2.0% | $62.1m | 867,273 | 18% | added |
| 28 | APG API GROUP CORP | Industrials | 2.0% | $60.3m | 1,424,946 | -11% | reduced |
| 29 | KBR KBR INC | Industrials | 1.6% | $49.1m | 1,422,729 | -32% | reduced |
| 30 | XBP GLOBAL HOLDINGS INC | 0.2% | $7.4m | 3,193,149 | 0% | held | |
| 31 | MOBILITY GLOBAL INC | 0.0% | $1.4m | 61,358 | – | new |
What did Gates Capital Management sell? Positions exited since the previous filing
| Stock | Prior weight | Prior value |
|---|---|---|
| VSNT VERSANT MEDIA GROUP INC | 59.8% | $55.8m |
| Q QNITY ELECTRONICS INC | 40.2% | $37.6m |
Sector mix
| Sector | Weight |
|---|---|
| Industrials | 26.3% |
| Healthcare | 16.4% |
| Basic Materials | 7.9% |
| Consumer Cyclical | 7.4% |
| Technology | 6.3% |
| Real Estate | 6.1% |
Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.
Filing history
| Quarter | Positions | Equity value |
|---|---|---|
| Q2 2026 | 31 | $3.0bn |
| Q1 2026 | 31 | $2.9bn |
| Q4 2025 | 28 | $2.9bn |
| Q3 2025 | 29 | $3.2bn |
| Q2 2025 | 29 | $3.3bn |
| Q1 2025 | 29 | $3.2bn |
| Q4 2024 | 30 | $3.4bn |
| Q3 2024 | 27 | $3.5bn |
| Q2 2024 | 30 | $3.3bn |
| Q1 2024 | 31 | $3.4bn |
| Q4 2023 | 29 | $3.0bn |
| Q3 2023 | 27 | $3.1bn |
| Q2 2023 | 29 | $3.2bn |
| Q1 2023 | 24 | $2.9bn |
| Q4 2022 | 24 | $2.6bn |
| Q3 2022 | 23 | $2.4bn |
Earliest filing: Q4 2004 · 87 quarters on file
How concentrated is Gates Capital Management's portfolio?
Across every quarter Gates Capital Management has filed, its median largest position is 8.1% of the book and its median top-ten weight is 60.4%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 226 completed holding spells, the median lasted 4.5 quarters; 31 positions are still open and their final length is unknown.