Gates Capital Management 13F holdings, Q1 2023
Holdings as of March 31, 2023 · filings on SEC EDGAR · latest filing →
Gates Capital Management disclosed 24 US equity positions worth $2.9bn in its Q1 2023 13F filing. The largest position was RENTOKIL INITIAL PLC at 6.6% of the reported book, followed by FTV and GEHC. Against the Q4 2022 filing, it opened 1 new position, added to 10 and reduced 11 among the top 24 holdings.
What did Gates Capital Management own in Q1 2023? Top 24 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2022 |
|---|---|---|---|---|---|---|---|
| 1 | RENTOKIL INITIAL PLC | 6.6% | $192.8m | 5,280,966 | 1% | added | |
| 2 | FTV FORTIVE CORP | Technology | 6.5% | $189.6m | 2,780,607 | 32% | added |
| 3 | GEHC GE HEALTHCARE TECHNOLOGIES I | Healthcare | 6.2% | $179.8m | 2,192,321 | 190% | added |
| 4 | OTIS OTIS WORLDWIDE CORP | Industrials | 5.7% | $167.8m | 1,987,622 | 0% | held |
| 5 | CARR CARRIER GLOBAL CORPORATION | Industrials | 5.6% | $164.3m | 3,592,324 | -4% | reduced |
| 6 | VISTA OUTDOOR INC | 5.3% | $154.7m | 5,584,368 | 3% | added | |
| 7 | ESI ELEMENT SOLUTIONS INC | Basic Materials | 5.2% | $152.4m | 7,894,412 | -16% | reduced |
| 8 | WH WYNDHAM HOTELS & RESORTS INC | Consumer Cyclical | 5.1% | $150.3m | 2,214,846 | 36% | added |
| 9 | SPGI S&P GLOBAL INC | Financial Services | 5.0% | $145.3m | 421,454 | -10% | reduced |
| 10 | PNR PENTAIR PLC | Industrials | 4.9% | $141.6m | 2,561,611 | 10% | added |
| 11 | AWI ARMSTRONG WORLD INDS INC NEW | Industrials | 4.7% | $137.2m | 1,925,764 | -2% | reduced |
| 12 | GLPI GAMING & LEISURE PPTYS INC | Real Estate | 4.5% | $132.7m | 2,548,610 | -1% | reduced |
| 13 | CHAMPIONX CORPORATION | 4.5% | $130.6m | 4,814,542 | 3% | added | |
| 14 | ATKR ATKORE INC | Industrials | 4.3% | $126.8m | 902,847 | -11% | reduced |
| 15 | ENVISTA HOLDINGS CORPORATION | 3.7% | $106.9m | 53,500,000 | 0% | held | |
| 16 | VICI VICI PPTYS INC | Real Estate | 3.2% | $93.7m | 2,871,737 | -3% | reduced |
| 17 | DVA DAVITA INC | Healthcare | 2.9% | $84.4m | 1,041,174 | -1% | reduced |
| 18 | MBC MASTERBRAND INC | Consumer Cyclical | 2.8% | $83.1m | 10,340,770 | 37% | added |
| 19 | STZ CONSTELLATION BRANDS INC | Consumer Defensive | 2.5% | $74.4m | 329,409 | -14% | reduced |
| 20 | ZWS ZURN ELKAY WATER SOLNS CORP | Industrials | 2.4% | $70.4m | 3,294,986 | 32% | added |
| 21 | CONSENSUS CLOUD SOLUTIONS IN | 2.2% | $63.0m | 1,846,641 | 71% | added | |
| 22 | NVST ENVISTA HOLDINGS CORPORATION | Healthcare | 2.1% | $61.9m | 1,513,489 | -19% | reduced |
| 23 | MLI MUELLER INDS INC | Industrials | 2.1% | $60.6m | 824,240 | – | new |
| 24 | ENTG ENTEGRIS INC | Technology | 1.9% | $54.5m | 665,110 | -63% | 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.