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Gates Capital Management, Inc.

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13F filer, CIK 1312908, New York, NY

Gates Capital Management, Inc. reported $5,799,039,813 across 34 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-14. Its ten largest share positions make up 52.64% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001172661-25-003468

Period
2025-06-30
Reported value
$5.8B
Holdings
34
Top 10 weight
52.64%
New
3
Sold out
2

Part of the filer group Gates Capital Management, Inc.

How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
AMRZnew+1,976,759$97.9M
RALnew+1,163,656$56.4M
DVAadded+376,775$53.7M
FTVadded+815,510$42.5M
GTLSadded+236,492$38.9M

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
APGreduced-2,355,801-$120M
YETIexited-2,316,279-$76.7M
ATKRreduced-636,872-$44.9M
ENTGexited-509,854-$44.6M
DARreduced-961,587-$36.5M

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.

Holdings, Q2 2025

Share positions as resolved from 13F-HR 0001172661-25-003468, largest first. % of portfolio is the value over $3,314,739,813, 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; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,985,914 shares; 2024Q4: 6,668,443 shares; 2025Q1: 7,915,560 shares; 2025Q2: 6,953,973 shares 6,953,973$264M7.96%-961,587Timeline
CARRCARRIER GLOBAL CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,933,063 shares; 2024Q4: 2,933,063 shares; 2025Q1: 2,937,756 shares; 2025Q2: 2,927,506 shares 2,927,506$214M6.46%-10,250Timeline
ATKRATKORE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,011,580 shares; 2024Q4: 2,607,354 shares; 2025Q1: 3,265,061 shares; 2025Q2: 2,628,189 shares 2,628,189$185M5.59%-636,872Timeline
FTVFORTIVE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,811,962 shares; 2024Q4: 2,413,371 shares; 2025Q1: 2,565,459 shares; 2025Q2: 3,380,969 shares 3,380,969$176M5.32%+815,510Timeline
GTLSCHART INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 498,197 shares; 2024Q4: 480,898 shares; 2025Q1: 776,636 shares; 2025Q2: 1,013,128 shares 1,013,128$167M5.03%+236,492Timeline
DVADAVITA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 721,203 shares; 2024Q4: 717,507 shares; 2025Q1: 722,205 shares; 2025Q2: 1,098,980 shares 1,098,980$157M4.72%+376,775Timeline
SPGIS&P GLOBAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 287,554 shares; 2024Q4: 287,554 shares; 2025Q1: 287,554 shares; 2025Q2: 287,554 shares 287,554$152M4.57%0Timeline
ESIELEMENT SOLUTIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,552,030 shares; 2024Q4: 2,686,495 shares; 2025Q1: 5,424,745 shares; 2025Q2: 6,670,826 shares 6,670,826$151M4.56%+1,246,081Timeline
RTORENTOKIL INITIAL PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,173,168 shares; 2024Q4: 6,258,013 shares; 2025Q1: 6,615,305 shares; 2025Q2: 6,146,928 shares 6,146,928$148M4.45%-468,377Timeline
MBCMASTERBRAND INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,830,771 shares; 2024Q4: 9,489,578 shares; 2025Q1: 9,669,562 shares; 2025Q2: 12,024,816 shares 12,024,816$131M3.97%+2,355,254Timeline
PNRPENTAIR PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,430,249 shares; 2024Q4: 1,332,140 shares; 2025Q1: 1,489,233 shares; 2025Q2: 1,216,715 shares 1,216,715$125M3.77%-272,518Timeline
NVSTENVISTA HOLDINGS CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,078,571 shares; 2024Q4: 4,694,148 shares; 2025Q1: 5,163,745 shares; 2025Q2: 6,328,183 shares 6,328,183$124M3.73%+1,164,438Timeline
CRHCRH PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,901,762 shares; 2024Q4: 1,746,995 shares; 2025Q1: 1,705,365 shares; 2025Q2: 1,333,065 shares 1,333,065$122M3.69%-372,300Timeline
GLPIGAMING & LEISURE PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,098,022 shares; 2024Q4: 2,098,022 shares; 2025Q1: 2,098,022 shares; 2025Q2: 2,588,022 shares 2,588,022$121M3.64%+490,000Timeline
VLTOVERALTO CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,206,823 shares; 2024Q4: 1,205,323 shares; 2025Q1: 1,302,294 shares; 2025Q2: 1,134,524 shares 1,134,524$115M3.46%-167,770Timeline
AMRZAMRIZE LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,976,759 shares 1,976,759$97.9M2.95%newTimeline
AWIARMSTRONG WORLD INDS INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 680,445 shares; 2024Q4: 615,445 shares; 2025Q1: 559,576 shares; 2025Q2: 559,576 shares 559,576$90.9M2.74%0Timeline
TKOTKO GROUP HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 730,363 shares; 2024Q4: 798,264 shares; 2025Q1: 595,271 shares; 2025Q2: 488,590 shares 488,590$88.9M2.68%-106,681Timeline
APGAPI GROUP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,847,200 shares; 2024Q4: 5,013,884 shares; 2025Q1: 4,069,841 shares; 2025Q2: 1,714,040 shares 1,714,040$87.5M2.64%-2,355,801Timeline
VICIVICI PPTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,671,760 shares; 2024Q4: 3,021,760 shares; 2025Q1: 2,669,160 shares; 2025Q2: 2,669,160 shares 2,669,160$87M2.63%0Timeline
TICTIC SOLUTIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 6,920,033 shares; 2025Q2: 7,771,068 shares 7,771,068$85.8M2.59%+851,035Timeline
LWLAMB WESTON HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,290,119 shares; 2024Q4: 1,345,531 shares; 2025Q1: 2,016,142 shares; 2025Q2: 1,470,125 shares 1,470,125$76.2M2.3%-546,017Timeline
OTISOTIS WORLDWIDE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 826,748 shares; 2024Q4: 761,748 shares; 2025Q1: 761,748 shares; 2025Q2: 761,748 shares 761,748$75.4M2.28%0Timeline
GTXGARRETT MOTION INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 4,437,259 shares; 2025Q1: 6,795,553 shares; 2025Q2: 6,479,417 shares 6,479,417$68.1M2.05%-316,136Timeline
NEOGNEOGEN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 9,156,922 shares; 2025Q2: 12,793,941 shares 12,793,941$61.2M1.84%+3,637,019Timeline
RALRALLIANT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,163,656 shares 1,163,656$56.4M1.7%newTimeline
WHWYNDHAM HOTELS & RESORTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 911,713 shares; 2024Q4: 734,266 shares; 2025Q1: 630,278 shares; 2025Q2: 630,278 shares 630,278$51.2M1.54%0Timeline
CCSICONSENSUS CLOUD SOLUTIONS INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,597,256 shares; 2024Q4: 1,613,501 shares; 2025Q1: 1,691,368 shares; 2025Q2: 1,455,990 shares 1,455,990$33.6M1.01%-235,378Timeline
MERCMERCER INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,037,394 shares; 2025Q1: 2,290,368 shares; 2025Q2: 1,003,824 shares 1,003,824$3.51M0.11%-1,286,544Timeline

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 INDLput6,500,000$959M+500,000
XLISELECT SECTOR SPDR TR INDLcall6,000,000$885M+500,000
XLBSELECT SECTOR SPDR TR SBI MATERIALSput3,500,000$307M+1,000,000
XLBSELECT SECTOR SPDR TR SBI MATERIALScall2,750,000$241M+1,000,000
CARRCARRIER GLOBAL CORPORATION Stockput1,250,000$91.5Mnew

Sold out in Q2 2025

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

SecurityShares beforeValue beforeType
YETIYETI HLDGS INC2,316,279$76.7Mshares
ENTGENTEGRIS INC509,854$44.6Mshares

How Q2 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 0001172661-25-003468 base2025-08-14acceptance time not in the bulk data set