Gates Capital Management 13F annual report
Gates Capital Management is an investment fund managing more than $3.4 trillion ran by Jeffrey Gates. There are currently 31 companies in Mr. Gates’s portfolio. The largest investments include Carrier Global and Vista Outdoor Inc, together worth $362 billion.
$3.4 trillion Assets Under Management (AUM)
As of 8th May 2024, Gates Capital Management’s top holding is 3,121,763 shares of Carrier Global currently worth over $181 billion and making up 5.3% of the portfolio value.
Relative to the number of outstanding shares of Carrier Global, Gates Capital Management owns more than approximately 0.1% of the company.
In addition, the fund holds 5,512,058 shares of Vista Outdoor Inc worth $181 billion, whose value grew 32.1% in the past six months.
The third-largest holding is CRH Plc worth $180 billion and the next is Rentokil Initial Plc worth $171 billion, with 5,663,445 shares owned.
Currently, Gates Capital Management's portfolio is worth at least $3.4 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Gates Capital Management
The Gates Capital Management office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Jeffrey Gates serves as the President at Gates Capital Management.
Recent trades
In the most recent 13F filing, Gates Capital Management revealed that it had opened a new position in
Veralto Corp and bought 1,778,021 shares worth $158 billion.
The investment fund also strengthened its position in CRH Plc by buying
228,000 additional shares.
This makes their stake in CRH Plc total 2,085,991 shares worth $180 billion.
CRH Plc soared 66.7% in the past year.
On the other hand, there are companies that Gates Capital Management is getting rid of from its portfolio.
Gates Capital Management closed its position in Exela Technologies Inc on 15th May 2024.
It sold the previously owned 46,534 shares for $135 million.
Jeffrey Gates also disclosed a decreased stake in Carrier Global by 0.1%.
This leaves the value of the investment at $181 billion and 3,121,763 shares.
One of the largest hedge funds
The two most similar investment funds to Gates Capital Management are Chilton Investment Co Inc and Securian Asset Management, Inc. They manage $3.4 trillion and $3.41 trillion respectively.
Jeffrey Gates investment strategy
Gates Capital Management’s portfolio is diversified across 7 sectors.
Currently, their heaviest sector is Industrials — making up 23.6% of
the total portfolio value.
The fund focuses on investments in the United States as
41.9% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
19% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $16.8 billion.
The complete list of Gates Capital Management trades based on 13F SEC filings
These positions were updated on May 15th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Carrier Global Corporation |
11.72%
3,121,763
|
$181,468,083,000 | 5.34% |
| Vista Outdoor Inc |
4.72%
5,512,058
|
$180,685,261,000 | 5.31% |
| CRH Plc |
12.27%
2,085,991
|
$179,937,584,000 | 5.29% |
| Rentokil Initial Plc |
22.41%
5,663,445
|
$170,752,867,000 | 5.02% |
| Masterbrand Inc |
10.20%
8,520,324
|
$159,670,872,000 | 4.70% |
| Veralto Corp |
Opened
1,778,021
|
$157,639,342,000 | 4.64% |
| Kenvue Inc |
9.84%
7,078,314
|
$151,900,618,000 | 4.47% |
| Ge Healthcare Technologies I |
39.33%
1,643,372
|
$149,398,949,000 | 4.39% |
| Wyndham Hotels & Resorts Inc |
5.61%
1,897,882
|
$145,662,444,000 | 4.28% |
| Pentair plc |
25.23%
1,504,280
|
$128,525,683,000 | 3.78% |
| APi Group Corporation |
Opened
3,158,058
|
$124,016,938,000 | 3.65% |
| Darling Ingredients Inc |
Opened
2,658,056
|
$123,626,185,000 | 3.64% |
| S&P Global Inc |
12.02%
287,554
|
$122,339,849,000 | 3.60% |
| Gaming & Leisure Pptys Inc |
6.68%
2,650,312
|
$122,099,874,000 | 3.59% |
| DaVita Inc |
13.16%
762,567
|
$105,272,374,000 | 3.10% |
| Chart Inds Inc |
38.17%
621,671
|
$102,401,647,000 | 3.01% |
| Armstrong World Inds Inc New |
49.35%
779,086
|
$96,778,063,000 | 2.85% |
| Envista Holdings Corp |
21.17%
4,465,028
|
$95,462,299,000 | 2.81% |
| Fortrea Hldgs Inc |
39.81%
2,371,628
|
$95,197,148,000 | 2.80% |
| Vici Pptys Inc |
10.10%
3,106,737
|
$92,549,695,000 | 2.72% |
| Otis Worldwide Corporation |
29.04%
898,239
|
$89,168,186,000 | 2.62% |
| Element Solutions Inc |
56.98%
3,494,489
|
$87,292,335,000 | 2.57% |
| Championx Corporation |
6.19%
2,399,443
|
$86,116,009,000 | 2.53% |
| Atkore Inc |
52.28%
433,829
|
$82,583,688,000 | 2.43% |
| Nextracker Inc |
Opened
1,338,747
|
$75,331,294,000 | 2.22% |
| Fortive Corp |
45.63%
840,494
|
$72,299,294,000 | 2.13% |
| Entegris Inc |
27.28%
510,198
|
$71,703,227,000 | 2.11% |
| Tko Group Holdings Inc |
Opened
609,362
|
$52,654,970,000 | 1.55% |
| Mueller Inds Inc |
20.42%
952,407
|
$51,363,310,000 | 1.51% |
| Consensus Cloud Solutions In |
6.92%
1,891,132
|
$29,993,354,000 | 0.88% |
| Mercer International Inc. |
67.04%
1,647,969
|
$16,397,292,000 | 0.48% |
| Exela Technologies Inc |
Closed
46,534
|
$135,414,000 | |
| No transactions found | |||
| Showing first 500 out of 32 holdings | |||
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