Gates Capital Management 13F holdings, Q1 2020
Holdings as of March 31, 2020 · filings on SEC EDGAR · latest filing →
Gates Capital Management disclosed 28 US equity positions worth $1.5bn in its Q1 2020 13F filing. The largest position was UTXZ at 7.4% of the reported book, followed by DVA and ESI. Against the Q4 2019 filing, it opened 5 new positions, added to 13 and reduced 9 among the top 28 holdings.
What did Gates Capital Management own in Q1 2020? Top 28 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2019 |
|---|---|---|---|---|---|---|---|
| 1 | UTXZ UNITED TECHNOLOGIES CORP | 7.4% | $112.6m | 1,194,172 | – | new | |
| 2 | DVA DAVITA INC | Healthcare | 6.5% | $98.1m | 1,289,706 | -42% | reduced |
| 3 | ESI ELEMENT SOLUTIONS INC | Basic Materials | 6.0% | $91.1m | 10,893,697 | 10% | added |
| 4 | VICI VICI PPTYS INC | Real Estate | 5.9% | $89.4m | 5,372,501 | 28% | added |
| 5 | OPLN KAR AUCTION SVCS INC | Consumer Cyclical | 5.9% | $89.4m | 7,449,586 | 24% | added |
| 6 | SERVICEMASTER GLOBAL HLDGS I | 5.8% | $88.7m | 3,284,586 | -6% | reduced | |
| 7 | WAB WABTEC | Industrials | 5.5% | $82.9m | 1,722,682 | 15% | added |
| 8 | GLPI GAMING & LEISURE PPTYS INC | Real Estate | 5.4% | $81.4m | 2,936,931 | 1% | added |
| 9 | SPGI S&P GLOBAL INC | Financial Services | 4.9% | $74.9m | 305,611 | -8% | reduced |
| 10 | STZ CONSTELLATION BRANDS INC | Consumer Defensive | 4.3% | $65.2m | 454,474 | – | new |
| 11 | HLT HILTON WORLDWIDE HLDGS INC | Consumer Cyclical | 4.2% | $63.8m | 934,629 | -26% | reduced |
| 12 | GRACE W R & CO DEL NEW | 3.8% | $58.1m | 1,633,083 | 39% | added | |
| 13 | WH WYNDHAM HOTELS & RESORTS INC | Consumer Cyclical | 3.7% | $55.8m | 1,770,883 | – | new |
| 14 | NVST ENVISTA HOLDINGS CORPORATION | Healthcare | 3.6% | $55.3m | 3,698,481 | 31% | added |
| 15 | VISTA OUTDOOR INC | 3.3% | $49.6m | 5,639,414 | 6% | added | |
| 16 | AWI ARMSTRONG WORLD INDS INC | Industrials | 3.3% | $49.3m | 620,919 | -28% | reduced |
| 17 | ALTRA INDL MOTION CORP | 3.1% | $47.0m | 2,689,184 | -27% | reduced | |
| 18 | AXALTA COATING SYS LTD | 2.8% | $42.0m | 2,433,897 | – | new | |
| 19 | IAA INC | 2.6% | $40.1m | 1,337,703 | -37% | reduced | |
| 20 | MERC MERCER INTL INC | Basic Materials | 2.4% | $36.0m | 4,975,301 | 32% | added |
| 21 | ALC ALCON INC | Healthcare | 2.2% | $32.9m | 648,082 | -56% | reduced |
| 22 | MGM MGM RESORTS INTERNATIONAL | Consumer Cyclical | 2.0% | $31.0m | 2,629,169 | 28% | added |
| 23 | WELBILT INC | 1.8% | $27.9m | 5,444,370 | 7% | added | |
| 24 | MLI MUELLER INDS INC | Industrials | 1.7% | $25.9m | 1,081,591 | 11% | added |
| 25 | SERITAGE GROWTH PPTYS | 0.7% | $10.4m | 1,136,303 | 37% | added | |
| 26 | NUVERRA ENVIRONMENTAL SOLUTI | 0.7% | $9.9m | 7,056,917 | 0% | held | |
| 27 | OTIS OTIS WORLDWIDE CORP | Industrials | 0.5% | $8.1m | 162,988 | – | new |
| 28 | ION GEOPHYSICAL CORP | 0.0% | $381.0k | 300,219 | -39% | reduced |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.