Gates Capital Management, Inc. In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Gates Capital Management, Inc. reported 27 stock positions worth $3.5 billion . Its top holding was Carrier Global (CARR) at 6.7% of the portfolio, followed by Darling Ingredients (DAR, 6.3% ) and Fortive (FTV, 6.3% ). Compared with Q2 2024, it sold out of 3, added to 8 and reduced 17. The biggest buy was Fortive (FTV, shares +95% ) and the biggest sale Chart Industries (GTLS, shares −47% ).
Location New York, NY
CIK 0001312908
Portfolio Value $3.5B (Q3 2024) Holdings 27 stocks · $3.5B 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 Q2 2024 CARR Carrier Global Corp. 2,933,063 $236.1M Reduce -1.7% DAR Darling Ingredients Inc. 5,985,914 $222.4M Add +59.1% FTV Fortive Corp. 2,811,962 $221.9M Add +94.8% VSTO Vista Outdoor Inc. 5,589,041 $219.0M Reduce -0.5% APG Api Group Corp. 5,847,200 $193.1M Add +63.8% CRH CRH PLC 1,901,762 $176.4M Reduce -19.7% ATKR Atkore Inc. 2,011,580 $170.5M Add +192.8% MBC Masterbrand Inc. 8,830,771 $163.7M Reduce -4.3% KVUE Kenvue Inc. 6,535,081 $151.2M Reduce -25.3% SPGI S&P Global Inc. 287,554 $148.6M No change LW Lamb Weston Holdings Inc. 2,290,119 $148.3M Add +39.4% PNR Pentair PLC 1,430,249 $139.9M Reduce -3.2% VLTO Veralto Corp. 1,206,823 $135.0M Reduce -5.6% RTO Rentokil Initial PLC-SP ADR 5,173,168 $129.0M Reduce -7.7% DVA Davita Inc. 721,203 $118.2M No change GLPI Gaming and Leisure Propertie 2,098,022 $107.9M Reduce -0.1% TKO Tko Group Holdings Inc. 730,363 $90.4M Add +19.9% AWI Armstrong World Industries 680,445 $89.4M Reduce -10.4% VICI Vici Properties Inc. filed as VICI PPTYS INC 2,671,760 $89.0M Reduce -34.0% GEHC GE Healthcare Technology 931,256 $87.4M Reduce -34.9% OTIS Otis Worldwide Corp. 826,748 $85.9M Reduce -3.2% NVST Envista Holdings Corp. 4,078,571 $80.6M Reduce -40.6% ENTG Entegris Inc. 714,254 $80.4M Add +40.0% WH Wyndham Hotels & Resorts Inc. 911,713 $71.2M Reduce -38.0% ESI Element Solutions Inc. 2,552,030 $69.3M Add +0.8% GTLS Chart Industries Inc. 498,197 $61.8M Reduce -47.2% CCSI Consensus Cloud Solution 1,597,256 $37.6M Reduce -16.2%
Options reported separately and not counted above: XLI puts ($812.6M), XLI calls ($677.2M), XLB puts ($289.1M), XLB calls ($240.9M), CARR puts ($112.7M), GEHC puts ($65.7M).
Portfolio Sells Q2 2024 → Q3 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 Q2 2024 % Of Portfolio Change To Portfolio ▲ GTLS Chart Industries Inc. Reduce -47.2% 1.75% −2.35 FTRE Fortrea Holdings Inc. Sold out 0.00% −1.84 NXT Nextpower Inc. Sold out 0.00% −1.68 RTO Rentokil Initial PLC-SP ADR Reduce -7.7% 3.66% −1.35 WH Wyndham Hotels & Resorts Inc. Reduce -38.0% 2.02% −1.26 NVST Envista Holdings Corp. Reduce -40.6% 2.29% −1.16 VICI Vici Properties Inc. Reduce -34.0% 2.53% −0.97 GEHC GE Healthcare Technology Reduce -34.9% 2.48% −0.88 KVUE Kenvue Inc. Reduce -25.3% 4.29% −0.51 CRH CRH PLC Reduce -19.7% 5.00% −0.35 VSTO Vista Outdoor Inc. Reduce -0.5% 6.21% −0.16 MERC Mercer International Inc. Sold out 0.00% −0.06 AWI Armstrong World Industries Reduce -10.4% 2.54% −0.05 OTIS Otis Worldwide Corp. Reduce -3.2% 2.44% −0.04 CCSI Consensus Cloud Solution Reduce -16.2% 1.07% +0.08 VLTO Veralto Corp. Reduce -5.6% 3.83% +0.15 GLPI Gaming and Leisure Propertie Reduce -0.1% 3.06% +0.20 PNR Pentair PLC Reduce -3.2% 3.97% +0.55 MBC Masterbrand Inc. Reduce -4.3% 4.65% +0.56 CARR Carrier Global Corp. Reduce -1.7% 6.70% +1.03
Portfolio Buys Q2 2024 → Q3 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 Q2 2024 % Of Portfolio Change To Portfolio ▼ FTV Fortive Corp. Add +94.8% 6.30% +3.07 DAR Darling Ingredients Inc. Add +59.1% 6.31% +2.14 ATKR Atkore Inc. Add +192.8% 4.84% +2.04 APG Api Group Corp. Add +63.8% 5.48% +1.43 TKO Tko Group Holdings Inc. Add +19.9% 2.56% +0.58 ENTG Entegris Inc. Add +40.0% 2.28% +0.20 LW Lamb Weston Holdings Inc. Add +39.4% 4.21% +0.04 ESI Element Solutions Inc. Add +0.8% 1.97% −0.10
Options Activity Q2 2024 → Q3 2024 Security Type Change vs Q2 2024 Underlying Shares Value ▼ XLI SS Industrial Select Sector put Add +9.1% 6,000,000 $812.6M XLI SS Industrial Select Sector call Add +11.1% 5,000,000 $677.2M XLB SS Materials Select Sector put Add +20.0% 3,000,000 $289.1M CARR Carrier Global Corp. put New 1,400,000 $112.7M ENTG Entegris Inc. put Sold out 500,000 $67.7Mbefore exit GEHC GE Healthcare Technology put New 700,000 $65.7M
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