Gates Capital Management, Inc.

CIK 0001312908 · Q1 2026

13F Equity AUM

$3.7B

-3.6% QoQ

Positions

+4 QoQ

AUM Rank

#1,215

Top 10%

Skill Alpha (FF)

-4.9%/yr^ns

No Clear Edge

Rank #7,373 · Top 90%

vs S&P -7.1%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 29.1%Top 10: 48.2%Top 20: 76.8%

XLI10.7%

XLB5.5%

HYG4.6%

ATKR4.3%

DAR4.0%

T0V3.9%

CARR3.8%

SPGI3.8%

RTO3.7%

NVST3.7%

Others (24)51.8%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Industrials33.3%

Financial Services24.6%

Basic Materials9.7%

Healthcare8.3%

Technology5.8%

Consumer Cyclical5.3%

Real Estate4.9%

Communication Services4.1%

Other4.0%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 34Median: 2.55%Avg: 2.94%

0–0.5%

1(0.4%)

0.5–1%

0(0.0%)

1–3%

19(38.5%)

3–5%

12(45.0%)

5%+

2(16.2%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 34Unique: 0vs 20 funds

0.5%Low

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

BANK OF AMERICA CORP /DE/

0.7%

0.6%

0.7%

0.8%

0.9%

VANGUARD CAPITAL MANAGEMENT LLC

0.9%

VANGUARD PORTFOLIO MANAGEMENT LLC

GEODE CAPITAL MANAGEMENT, LLC

0.8%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New5Increased9Decreased19Exited1

New Positions

HYG4.6%

+2.1M

K6B2.1%

+2.1M

AOS2.0%

+1.1M

SIRI1.7%

+2.7M

VSNT1.5%

+1.5M

Increased

T0V3.9%

+7.0M(+47%)

MBC2.4%

+1.1M(+12%)

GTX3.0%

+458K(+8%)

CRH.L3.1%

+311K(+40%)

VLTO2.6%

+287K(+36%)

AWI2.2%

+71K(+16%)

CCSI1.2%

+43K(+2%)

SPGI3.8%

+40K(+14%)

Q1.0%

+20K(+7%)

Decreased

DAR4.0%

-2,382,929(-50%)

XLB5.5%

-2,350,000(-37%)

NEOG1.6%

-2,126,885(-25%)

PAHUSD2.9%

-1,503,920(-33%)

XLI10.7%

-903,500(-27%)

RAL1.6%

-865,360(-38%)

CARR3.8%

-725,689(-23%)

TRL3.0%

-452,477(-38%)

NVST3.7%

-445,408(-8%)

TKO2.4%

-402,000(-48%)

Exited

-746,848

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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