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Livermore
Livermore
ZHEN

Gates Capital Management, Inc.

SEC CIK
0001312908
Latest filing
Aug 14, 2026

The latest 13F from Gates Capital Management, Inc. covers Q2 2026 (filed Aug 14, 2026): 31 long positions worth $3.05B. The top 10 holdings make up 47.8% of the portfolio, and the largest is Darling Ingredients Inc. (DAR) at 5.2%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
2
Est. +$122.4M
Added
11
Est. +$255.5M
Reduced
17
Est. −$512.7M
Sold out
2
Est. −$93.4M

Top 5 holdings

Share of this quarter's portfolio value

  1. DARDarling Ingredients Inc.
    5.2%$158.5MHistory
  2. TICTIC Solutions, Inc.
    5.2%$157.8MHistory
  3. DVADavita Inc.
    5.0%$153.1MHistory
  4. RTORentokil Initial PLC
    4.9%$148.0MHistory
  5. SPGIS&P Global Inc.
    4.8%$147.1MHistory

Share of portfolio

Top 5 holdings and the other 26 positions, by share of portfolio value

  1. DAR5.2%
  2. TIC5.2%
  3. DVA5.0%
  4. RTO4.9%
  5. SPGI4.8%
  6. Other 26 positions74.9%

Biggest buys

New and added positions, by estimated amount bought

  1. COOCooper Companies, Inc.
    +$121.1MNewHistory
  2. PNRPENTAIR plc
    +$59.3MAddedHistory
  3. SIRISirius XM Holdings Inc.
    +$53.1MAddedHistory
  4. DARDarling Ingredients Inc.
    +$29.6MAddedHistory
  5. MBCMasterBrand, Inc.
    +$29.2MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. COOCooper Companies, Inc.
    +3.98 pp0.0% → 4.0%History
  2. SIRISirius XM Holdings Inc.
    +2.22 pp2.2% → 4.4%History
  3. PNRPENTAIR plc
    +1.50 pp2.7% → 4.2%History
  4. MBCMasterBrand, Inc.
    +1.49 pp3.0% → 4.5%History
  5. NEOGNeogen Corp
    +0.57 pp2.0% → 2.6%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. GTXGarrett Motion Inc.
    −$125.2MReducedHistory
  2. ATKRAtkore Inc.
    −$74.2MReducedHistory
  3. ESIElement Solutions Inc
    −$69.1MReducedHistory
  4. VSNTVersant Media Group, Inc.
    −$55.8MSold outHistory
  5. AMRZAmrize Ltd
    −$44.3MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. VSNTVersant Media Group, Inc.
    −1.93 pp1.9% → 0.0%History
  2. AMRZAmrize Ltd
    −1.90 pp4.7% → 2.8%History
  3. CRHCRH Public Ltd Co
    −1.35 pp4.0% → 2.6%History
  4. QQnity Electronics, Inc.
    −1.30 pp1.3% → 0.0%History
  5. ATKRAtkore Inc.
    −1.19 pp5.5% → 4.3%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$3.05B
+$147.0M (+5.1%) vs. prior quarter
Positions
31
0 vs. prior quarter
Top 10 concentration
47.8%
Top 10 as share of value
Turnover
12.7%
Q2 2026, one quarter
Average holding period
13.6 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $3.63B (Q3 2021)

Q1 2021: $2.75BQ2 2021: $3.47BQ3 2021: $3.63BQ4 2021: $3.62BQ1 2022: $3.21BQ2 2022: $2.59BQ3 2022: $2.40BQ4 2022: $2.63BQ1 2023: $2.92BQ2 2023: $3.20BQ3 2023: $3.09BQ4 2023: $3.02BQ1 2024: $3.40BQ2 2024: $3.32BQ3 2024: $3.52BQ4 2024: $3.40BQ1 2025: $3.22BQ2 2025: $3.31BQ3 2025: $3.23BQ4 2025: $2.87BQ1 2026: $2.90BQ2 2026: $3.05B
Q1 2021Q2 2026
13F filings of Gates Capital Management, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 202631$3.05BDARTICDVAvs. Q1 2026SEC
Q1 2026May 15, 202631$2.90BATKRDARTICvs. Q4 2025SEC
Q4 2025Feb 17, 202628$2.87BATKRDARCARRvs. Q3 2025SEC
Q3 2025Nov 14, 202529$3.23BFTVATKRCARRvs. Q2 2025SEC
Q2 2025Aug 14, 202529$3.31BDARCARRATKRvs. Q1 2025SEC
Q1 2025May 15, 202529$3.22BDARATKRFTVvs. Q4 2024SEC
Q4 2024Feb 14, 202530$3.40BDARATKRCARRvs. Q3 2024SEC
Q3 2024Nov 14, 202427$3.52BCARRDARFTVvs. Q2 2024SEC
Q2 2024Aug 14, 202430$3.32BVSTOCARRCRHvs. Q1 2024SEC
Q1 2024May 15, 202431$3.40BCARRVSTOCRHvs. Q4 2023SEC
Q4 2023Feb 14, 202429$3.02BCARRVSTORTOvs. Q3 2023SEC
Q3 2023Nov 14, 202327$3.09BCARRVSTOGEHCvs. Q2 2023SEC
Q2 2023Aug 14, 202329$3.20BRTOGEHCCARRvs. Q1 2023SEC
Q1 2023May 15, 202324$2.92BRTOFTVGEHCvs. Q4 2022SEC
Q4 2022Feb 14, 202324$2.63BESIRTOSPGIvs. Q3 2022SEC
Q3 2022Nov 14, 202223$2.40BESICHXTMXvs. Q2 2022SEC
Q2 2022Aug 15, 202223$2.59BESISPGITMXvs. Q1 2022SEC
Q1 2022May 16, 202227$3.21BESIVSTOFTVvs. Q4 2021SEC
Q4 2021Feb 14, 202231$3.62BVSTOTMXESIvs. Q3 2021SEC
Q3 2021Nov 15, 202131$3.63BVSTOESIOTISvs. Q2 2021SEC
Q2 2021Aug 16, 202129$3.47BOTISESISPGIvs. Q1 2021SEC
Q1 2021May 17, 202123$2.75BOTISSPGIVSTO–SEC

13D and 13G filings

Companies where Gates Capital Management, Inc. reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

5 companies, largest stake first.

Companies where Gates Capital Management, Inc. owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
XBPXBP Global Holdings, Inc.13D27.20%31.9M sharesNewAug 4, 20251 filingAug 4, 2025SEC
CCSIConsensus Cloud Solutions, Inc.13G/A9.40%1.79M shares–Feb 14, 20233 filingsFeb 17, 2026SEC
TICTIC Solutions, Inc.13G/A8.80%19.5M shares−1.10 ppfrom 9.90%Feb 14, 20256 filingsAug 14, 2026SEC
MBCMasterBrand, Inc.13G/A6.50%13.2M shares−1.70 ppfrom 8.20%Feb 14, 20235 filingsAug 14, 2026SEC
ATKRAtkore Inc.13G/A5.10%1.71M shares−2.70 ppfrom 7.80%Nov 14, 20245 filingsAug 14, 2026SEC

Latest filings

46 filings on file made by Gates Capital Management, Inc. or listing it as a reporting person; the latest 20 are shown.

Schedule 13D and 13G filings by Gates Capital Management, Inc.
CompanyFiled (ET)FormStakeChangeEvent dateFiling
MBCMasterBrand, Inc.Aug 14, 20264:02 PM ET13G/A6.50%13.2M shares−1.70 ppfrom 8.20%Jun 30, 2026SEC
ATKRAtkore Inc.Aug 14, 20264:01 PM ET13G/A5.10%1.71M shares−2.70 ppfrom 7.80%Jun 30, 2026SEC
TICTIC Solutions, Inc.Aug 14, 20264:01 PM ET13G/A8.80%19.5M shares−1.10 ppfrom 9.90%Jun 30, 2026SEC
TICTIC Solutions, Inc.May 15, 20264:08 PM ET13G/A9.90%21.9M shares+3.20 ppfrom 6.70%Mar 31, 2026SEC
CCSIConsensus Cloud Solutions, Inc.Feb 17, 20264:59 PM ET13G/A9.40%1.79M shares–Dec 31, 2025SEC
TICTIC Solutions, Inc.Feb 17, 20264:58 PM ET13G6.70%14.8M shares+2.60 ppfrom 4.10%Dec 31, 2025SEC
NEOGNeogen CorpFeb 17, 20264:57 PM ET13G/A3.90%8.39M shares−2.00 ppfrom 5.90%Below 5%Dec 31, 2025SEC
TICTIC Solutions, Inc.Nov 14, 20252:06 PM ET13G/A4.10%8.24M shares−2.30 ppfrom 6.40%Below 5%Sep 30, 2025SEC
MBCMasterBrand, Inc.Nov 14, 20252:05 PM ET13G/A8.20%10.4M shares−1.30 ppfrom 9.50%Sep 30, 2025SEC
TICTIC Solutions, Inc.Aug 14, 20253:49 PM ET13G/A6.40%7.77M shares+1.40 ppfrom 5.00%Jun 30, 2025SEC
NEOGNeogen CorpAug 14, 20253:48 PM ET13G5.90%12.8M sharesNewJun 30, 2025SEC
DARDarling Ingredients Inc.Aug 14, 20253:46 PM ET13G/A4.40%6.95M shares−0.60 ppfrom 5.00%Below 5%Jun 30, 2025SEC
ATKRAtkore Inc.Aug 14, 20253:45 PM ET13G/A7.80%2.63M shares−1.70 ppfrom 9.50%Jun 30, 2025SEC
MBCMasterBrand, Inc.Aug 14, 20253:44 PM ET13G/A9.50%12.0M shares–Jun 30, 2025SEC
XBPXBP Global Holdings, Inc.Aug 4, 20256:36 PM ET13D27.20%31.9M sharesNewJul 29, 2025SEC
GEARRevelyst, Inc.May 15, 20256:55 AM ET13G/A0.00%0 shares−8.50 ppfrom 8.50%Below 5%Mar 31, 2025SEC
ATKRAtkore Inc.May 15, 20256:55 AM ET13G/A9.50%3.27M shares+2.00 ppfrom 7.50%Mar 31, 2025SEC
DARDarling Ingredients Inc.May 15, 20256:54 AM ET13G5.00%7.92M sharesNewMar 31, 2025SEC
TICTIC Solutions, Inc.Feb 14, 20253:44 PM ET13G5.00%6.12M sharesNewDec 31, 2024SEC
GEARRevelyst, Inc.Feb 14, 20253:43 PM ET13G8.50%4.98M sharesNewDec 31, 2024SEC