Skip to content
Disclosery

Gates Capital Management, Inc.

Follow

13F filer, CIK 1312908, New York, NY

Gates Capital Management, Inc. reported $5,095,250,428 across 33 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-15. Its ten largest share positions make up 51.74% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001172661-25-002189

Period
2025-03-31
Reported value
$5.1B
Holdings
33
Top 10 weight
51.74%
New
2
Sold out
6

Part of the filer group Gates Capital Management, Inc.

How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
NEOGnew+9,156,922$79.4M
TICnew+6,920,033$77M
ESIadded+2,738,250$61.9M
GTLSadded+295,738$42.7M
ATKRadded+657,707$39.5M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
KVUEexited-5,460,529-$117M
REVELYST INCexited-4,979,899-$95.8M
GEHCexited-906,256-$70.9M
YETIreduced-1,198,540-$39.7M
APGreduced-944,043-$33.8M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2025

Share positions as resolved from 13F-HR 0001172661-25-002189, largest first. % of portfolio is the value over $3,222,530,428, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
DARDARLING INGREDIENTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,985,914 shares; 2024Q4: 6,668,443 shares; 2025Q1: 7,915,560 shares 7,915,560$247M7.67%+1,247,117Timeline
ATKRATKORE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,011,580 shares; 2024Q4: 2,607,354 shares; 2025Q1: 3,265,061 shares 3,265,061$196M6.08%+657,707Timeline
FTVFORTIVE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,811,962 shares; 2024Q4: 2,413,371 shares; 2025Q1: 2,565,459 shares 2,565,459$188M5.83%+152,088Timeline
CARRCARRIER GLOBAL CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,933,063 shares; 2024Q4: 2,933,063 shares; 2025Q1: 2,937,756 shares 2,937,756$186M5.78%+4,693Timeline
RTORENTOKIL INITIAL PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,173,168 shares; 2024Q4: 6,258,013 shares; 2025Q1: 6,615,305 shares 6,615,305$151M4.7%+357,292Timeline
CRHCRH PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,901,762 shares; 2024Q4: 1,746,995 shares; 2025Q1: 1,705,365 shares 1,705,365$150M4.66%-41,630Timeline
SPGIS&P GLOBAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 287,554 shares; 2024Q4: 287,554 shares; 2025Q1: 287,554 shares 287,554$146M4.53%0Timeline
APGAPI GROUP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,847,200 shares; 2024Q4: 5,013,884 shares; 2025Q1: 4,069,841 shares 4,069,841$146M4.52%-944,043Timeline
PNRPENTAIR PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,430,249 shares; 2024Q4: 1,332,140 shares; 2025Q1: 1,489,233 shares 1,489,233$130M4.04%+157,093Timeline
VLTOVERALTO CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,206,823 shares; 2024Q4: 1,205,323 shares; 2025Q1: 1,302,294 shares 1,302,294$127M3.94%+96,971Timeline
MBCMASTERBRAND INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,830,771 shares; 2024Q4: 9,489,578 shares; 2025Q1: 9,669,562 shares 9,669,562$126M3.92%+179,984Timeline
ESIELEMENT SOLUTIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,552,030 shares; 2024Q4: 2,686,495 shares; 2025Q1: 5,424,745 shares 5,424,745$123M3.81%+2,738,250Timeline
GTLSCHART INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 498,197 shares; 2024Q4: 480,898 shares; 2025Q1: 776,636 shares 776,636$112M3.48%+295,738Timeline
DVADAVITA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 721,203 shares; 2024Q4: 717,507 shares; 2025Q1: 722,205 shares 722,205$110M3.43%+4,698Timeline
LWLAMB WESTON HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,290,119 shares; 2024Q4: 1,345,531 shares; 2025Q1: 2,016,142 shares 2,016,142$107M3.33%+670,611Timeline
GLPIGAMING & LEISURE PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,098,022 shares; 2024Q4: 2,098,022 shares; 2025Q1: 2,098,022 shares 2,098,022$107M3.31%0Timeline
TKOTKO GROUP HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 730,363 shares; 2024Q4: 798,264 shares; 2025Q1: 595,271 shares 595,271$91M2.82%-202,993Timeline
NVSTENVISTA HOLDINGS CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,078,571 shares; 2024Q4: 4,694,148 shares; 2025Q1: 5,163,745 shares 5,163,745$89.1M2.77%+469,597Timeline
VICIVICI PPTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,671,760 shares; 2024Q4: 3,021,760 shares; 2025Q1: 2,669,160 shares 2,669,160$87.1M2.7%-352,600Timeline
NEOGNEOGEN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 9,156,922 shares 9,156,922$79.4M2.46%newTimeline
AWIARMSTRONG WORLD INDS INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 680,445 shares; 2024Q4: 615,445 shares; 2025Q1: 559,576 shares 559,576$78.8M2.45%-55,869Timeline
OTISOTIS WORLDWIDE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 826,748 shares; 2024Q4: 761,748 shares; 2025Q1: 761,748 shares 761,748$78.6M2.44%0Timeline
TICTIC SOLUTIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 6,920,033 shares 6,920,033$77M2.39%newTimeline
YETIYETI HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 3,514,819 shares; 2025Q1: 2,316,279 shares 2,316,279$76.7M2.38%-1,198,540Timeline
WHWYNDHAM HOTELS & RESORTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 911,713 shares; 2024Q4: 734,266 shares; 2025Q1: 630,278 shares 630,278$57M1.77%-103,988Timeline
GTXGARRETT MOTION INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 4,437,259 shares; 2025Q1: 6,795,553 shares 6,795,553$56.9M1.77%+2,358,294Timeline
ENTGENTEGRIS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 714,254 shares; 2024Q4: 509,854 shares; 2025Q1: 509,854 shares 509,854$44.6M1.38%0Timeline
CCSICONSENSUS CLOUD SOLUTIONS INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,597,256 shares; 2024Q4: 1,613,501 shares; 2025Q1: 1,691,368 shares 1,691,368$39M1.21%+77,867Timeline
MERCMERCER INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,037,394 shares; 2025Q1: 2,290,368 shares 2,290,368$14.1M0.44%+1,252,974Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
XLISELECT SECTOR SPDR TR INDLput6,000,000$786M-500,000
XLISELECT SECTOR SPDR TR INDLcall5,500,000$721M+750,000
XLBSELECT SECTOR SPDR TR SBI MATERIALSput2,500,000$215M0
XLBSELECT SECTOR SPDR TR SBI MATERIALScall1,750,000$150M0

Sold out in Q1 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
KVUEKENVUE INC5,460,529$117Mshares
REVELYST INCREVELYST INC4,979,899$95.8Mshares
GEHCGE HEALTHCARE TECHNOLOGIES I906,256$70.9Mshares
CARRCARRIER GLOBAL CORPORATION793,000$54.1Mput
GEHCGE HEALTHCARE TECHNOLOGIES I232,900$18.2Mput
TKOTKO GROUP HOLDINGS INC100,000$14.2Mput

How Q1 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001172661-25-002189 base2025-05-15acceptance time not in the bulk data set