Gates Capital Management, Inc. In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Gates Capital Management, Inc. reported 31 stock positions worth $3.0 billion . Its top holding was Darling Ingredients (DAR) at 5.2% of the portfolio, followed by Tic Solutions (TIC, 5.2% ) and Davita (DVA, 5.0% ). Compared with Q1 2026, it opened 2 new positions, sold out of 2, added to 11 and reduced 17. The biggest buy was a new position in Cooper Cos (COO) and the biggest sale an exit from Versant Media (VSNT).
Location New York, NY
CIK 0001312908
Portfolio Value $3.0B (Q2 2026) Holdings 31 stocks · $3.0B Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2026 DAR Darling Ingredients Inc. 2,902,582 $158.5M Add +22.9% TIC Tic Solutions Inc. 19,501,621 $157.8M Reduce -10.8% DVA Davita Inc. 688,136 $153.1M Reduce -4.8% RTO Rentokil Initial PLC-SP ADR 5,173,407 $148.0M Add +18.9% SPGI S&P Global Inc. 361,186 $147.1M Add +10.1% NVST Envista Holdings Corp. 5,552,383 $146.3M Add +3.5% CARR Carrier Global Corp. 1,991,308 $146.1M Reduce -20.2% MBC Masterbrand Inc. 13,186,754 $135.7M Add +27.4% SIRI Sirius XM Holdings Inc. 4,539,927 $134.1M Add +65.5% ATKR Atkore Inc. 1,710,192 $130.0M Reduce -36.3% PNR Pentair PLC 1,675,515 $128.4M Add +85.6% COO The Cooper Cos Inc. 1,688,589 $121.1M New FTV Fortive Corp. 1,821,430 $111.3M Reduce -12.8% VICI Vici Properties Inc. filed as VICI PPTYS INC 3,546,895 $94.2M Add +9.7% GLPI Gaming and Leisure Propertie 2,054,803 $91.5M Reduce -0.2% GTX Garrett Motion Inc. 2,479,851 $89.8M Reduce -58.2% AMRZ Amrize Ltd. 1,580,748 $84.3M Reduce -34.5% TKO Tko Group Holdings Inc. 411,584 $82.9M Reduce -3.8% AWI Armstrong World Industries 513,283 $82.3M Add +3.0% RAL Ralliant Corp. 1,111,015 $81.8M Reduce -20.1% CRH CRH PLC 739,562 $79.1M Reduce -32.1% VLTO Veralto Corp. 889,770 $78.9M Reduce -17.6% NEOG Neogen Corp. 8,742,274 $78.6M Add +39.7% ESI Element Solutions Inc. 1,611,499 $76.9M Reduce -47.3% AOS Smith (a.o.) Corp. 1,030,321 $64.6M Reduce -5.3% CCSI Consensus Cloud Solution 1,644,274 $62.7M Reduce -10.6% OTIS Otis Worldwide Corp. 867,273 $62.1M Add +17.6% APG Api Group Corp. 1,424,946 $60.3M Reduce -10.9% KBR KBR Inc. 1,422,729 $49.1M Reduce -32.0% XBP XBP Global Holdings Inc. 3,193,149 $7.4M No change MBGL Mobility Global Inc. 61,358 $1.4M New
Options reported separately and not counted above: XLI puts ($370.5M), HYG puts ($299.9M), XLB puts ($228.7M), TLT puts ($216.1M).
Portfolio Sells Q1 2026 → Q2 2026 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2026 % Of Portfolio Change To Portfolio ▲ VSNT Versant Media Group Inc. Sold out 0.00% −1.93 AMRZ Amrize Ltd. Reduce -34.5% 2.77% −1.90 CRH CRH PLC Reduce -32.1% 2.60% −1.35 Q Qnity Electronics Inc. Sold out 0.00% −1.30 ATKR Atkore Inc. Reduce -36.3% 4.27% −1.19 ESI Element Solutions Inc. Reduce -47.3% 2.53% −1.08 KBR KBR Inc. Reduce -32.0% 1.61% −1.05 GTX Garrett Motion Inc. Reduce -58.2% 2.95% −0.77 VLTO Veralto Corp. Reduce -17.6% 2.59% −0.70 AOS Smith (a.o.) Corp. Reduce -5.3% 2.12% −0.35 FTV Fortive Corp. Reduce -12.8% 3.65% −0.33 TKO Tko Group Holdings Inc. Reduce -3.8% 2.72% −0.26 APG Api Group Corp. Reduce -10.9% 1.98% −0.26 GLPI Gaming and Leisure Propertie Reduce -0.2% 3.00% −0.15 CARR Carrier Global Corp. Reduce -20.2% 4.80% −0.05 TIC Tic Solutions Inc. Reduce -10.8% 5.18% +0.22 CCSI Consensus Cloud Solution Reduce -10.6% 2.06% +0.55 RAL Ralliant Corp. Reduce -20.1% 2.69% +0.69 DVA Davita Inc. Reduce -4.8% 5.03% +1.19
Portfolio Buys Q1 2026 → Q2 2026 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2026 % Of Portfolio Change To Portfolio ▼ COO The Cooper Cos Inc. New 3.98% +3.98 SIRI Sirius XM Holdings Inc. Add +65.5% 4.40% +2.22 PNR Pentair PLC Add +85.6% 4.22% +1.50 MBC Masterbrand Inc. Add +27.4% 4.46% +1.49 NEOG Neogen Corp. Add +39.7% 2.58% +0.57 DAR Darling Ingredients Inc. Add +22.9% 5.21% +0.17 RTO Rentokil Initial PLC-SP ADR Add +18.9% 4.86% +0.13 NVST Envista Holdings Corp. Add +3.5% 4.80% +0.11 OTIS Otis Worldwide Corp. Add +17.6% 2.04% +0.08 MBGL Mobility Global Inc. New 0.04% +0.04 VICI Vici Properties Inc. Add +9.7% 3.09% +0.04 SPGI S&P Global Inc. Add +10.1% 4.83% +0.02 AWI Armstrong World Industries Add +3.0% 2.70% −0.13
Options Activity Q1 2026 → Q2 2026 Security Type Change vs Q1 2026 Underlying Shares Value ▼ XLI SS Industrial Select Sector put Reduce -17.1% 2,000,000 $370.5M HYG Ishr Ibx Usd Hiyld CB ETF-Ui put Add +76.5% 3,750,000 $299.9M XLB SS Materials Select Sector put Add +11.1% 4,500,000 $228.7M TLT iShares 20+ Year Treasury BD put New 2,500,000 $216.1M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 31 $3.0B DAR, TIC, DVA, RTO, SPGI Q1 2026 31 $2.9B ATKR, DAR, TIC, CARR, SPGI Q4 2025 28 $2.9B ATKR, DAR, CARR, SPGI, TIC Q3 2025 29 $3.2B FTV, ATKR, CARR, DAR, DVA Q2 2025 29 $3.3B DAR, CARR, ATKR, FTV, GTLS Q1 2025 29 $3.2B DAR, ATKR, FTV, CARR, RTO Q4 2024 30 $3.4B DAR, ATKR, CARR, FTV, APG Q3 2024 27 $3.5B CARR, DAR, FTV, VSTO, APG Q2 2024 30 $3.3B VSTO, CARR, CRH, RTO, KVUE Q1 2024 31 $3.4B CARR, VSTO, CRH, RTO, MBC