Gates Capital Management, Inc. In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Gates Capital Management, Inc. reported 30 stock positions worth $3.3 billion . Its top holding was Vista Outdoor (VSTO) at 6.4% of the portfolio, followed by Carrier Global (CARR, 5.7% ) and CRH (CRH, 5.4% ). Compared with Q1 2024, it opened 1 new position, sold out of 2, added to 13 and reduced 13. The biggest buy was a new position in Lamb Weston (LW) and the biggest sale an exit from Championx (CHX).
Location New York, NY
CIK 0001312908
Portfolio Value $3.3B (Q2 2024) Holdings 30 stocks · $3.3B 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 2024 VSTO Vista Outdoor Inc. 5,618,333 $211.5M Add +1.9% CARR Carrier Global Corp. 2,983,063 $188.2M Reduce -4.4% CRH CRH PLC 2,367,430 $177.5M Add +13.5% RTO Rentokil Initial PLC-SP ADR 5,607,348 $166.3M Reduce -1.0% KVUE Kenvue Inc. 8,750,762 $159.1M Add +23.6% DAR Darling Ingredients Inc. 3,762,149 $138.3M Add +41.5% LW Lamb Weston Holdings Inc. 1,642,681 $138.1M New GTLS Chart Industries Inc. 944,219 $136.3M Add +51.9% MBC Masterbrand Inc. 9,232,555 $135.5M Add +8.4% APG Api Group Corp. 3,568,809 $134.3M Add +13.0% SPGI S&P Global Inc. 287,554 $128.2M No change VLTO Veralto Corp. 1,278,955 $122.1M Reduce -28.1% VICI Vici Properties Inc. filed as VICI PPTYS INC 4,048,837 $116.0M Add +30.3% NVST Envista Holdings Corp. 6,865,028 $114.2M Add +53.8% PNR Pentair PLC 1,477,343 $113.3M Reduce -1.8% GEHC GE Healthcare Technology 1,430,566 $111.5M Reduce -12.9% WH Wyndham Hotels & Resorts Inc. 1,470,558 $108.8M Reduce -22.5% FTV Fortive Corp. 1,443,184 $106.9M Add +71.7% DVA Davita Inc. 721,203 $99.9M Reduce -5.4% GLPI Gaming and Leisure Propertie 2,100,979 $95.0M Reduce -20.7% ATKR Atkore Inc. 687,036 $92.7M Add +58.4% AWI Armstrong World Industries 759,086 $86.0M Reduce -2.6% OTIS Otis Worldwide Corp. 853,948 $82.2M Reduce -4.9% ENTG Entegris Inc. 510,198 $69.1M No change ESI Element Solutions Inc. 2,532,816 $68.7M Reduce -27.5% TKO Tko Group Holdings Inc. 609,362 $65.8M No change FTRE Fortrea Holdings Inc. 2,611,867 $61.0M Add +10.1% NXT Nextpower Inc. filed as NEXTRACKER INC 1,186,691 $55.6M Reduce -11.4% CCSI Consensus Cloud Solution 1,906,132 $32.7M Add +0.8% MERC Mercer International Inc. 232,042 $2.0M Reduce -85.9%
Options reported separately and not counted above: XLI puts ($670.3M), XLI calls ($548.4M), XLB puts ($220.8M), XLB calls ($220.8M), ENTG puts ($67.7M).
Portfolio Sells Q1 2024 → Q2 2024 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 2024 % Of Portfolio Change To Portfolio ▲ CHX Championx Corp. Sold out 0.00% −2.53 MLI Mueller Industries Inc. Sold out 0.00% −1.51 GEHC GE Healthcare Technology Reduce -12.9% 3.36% −1.03 WH Wyndham Hotels & Resorts Inc. Reduce -22.5% 3.28% −1.00 VLTO Veralto Corp. Reduce -28.1% 3.68% −0.95 GLPI Gaming and Leisure Propertie Reduce -20.7% 2.86% −0.73 NXT Nextpower Inc. Reduce -11.4% 1.68% −0.54 ESI Element Solutions Inc. Reduce -27.5% 2.07% −0.50 MERC Mercer International Inc. Reduce -85.9% 0.06% −0.42 PNR Pentair PLC Reduce -1.8% 3.42% −0.36 AWI Armstrong World Industries Reduce -2.6% 2.59% −0.25 OTIS Otis Worldwide Corp. Reduce -4.9% 2.48% −0.14 DVA Davita Inc. Reduce -5.4% 3.01% −0.08 RTO Rentokil Initial PLC-SP ADR Reduce -1.0% 5.01% −0.01 CARR Carrier Global Corp. Reduce -4.4% 5.67% +0.34
Portfolio Buys Q1 2024 → Q2 2024 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 2024 % Of Portfolio Change To Portfolio ▼ LW Lamb Weston Holdings Inc. New 4.16% +4.16 FTV Fortive Corp. Add +71.7% 3.22% +1.10 GTLS Chart Industries Inc. Add +51.9% 4.11% +1.10 VSTO Vista Outdoor Inc. Add +1.9% 6.38% +1.06 VICI Vici Properties Inc. Add +30.3% 3.50% +0.77 NVST Envista Holdings Corp. Add +53.8% 3.44% +0.63 DAR Darling Ingredients Inc. Add +41.5% 4.17% +0.53 APG Api Group Corp. Add +13.0% 4.05% +0.40 ATKR Atkore Inc. Add +58.4% 2.79% +0.37 KVUE Kenvue Inc. Add +23.6% 4.80% +0.33 CCSI Consensus Cloud Solution Add +0.8% 0.99% +0.11 CRH CRH PLC Add +13.5% 5.35% +0.06 MBC Masterbrand Inc. Add +8.4% 4.09% −0.61 FTRE Fortrea Holdings Inc. Add +10.1% 1.84% −0.96
Options Activity Q1 2024 → Q2 2024 Security Type Change vs Q1 2024 Underlying Shares Value ▼ XLI SS Industrial Select Sector put Add +10.0% 5,500,000 $670.3M XLI SS Industrial Select Sector call Reduce -10.0% 4,500,000 $548.4M XLB SS Materials Select Sector put New 2,500,000 $220.8M XLB SS Materials Select Sector call New 2,500,000 $220.8M ENTG Entegris Inc. put Reduce -25.4% 500,000 $67.7M KVUE Kenvue Inc. call Sold out 2,001,000 $42.9Mbefore exit
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