Gates Capital Management: Significant Stock Purchases & Sales in Q3 2026

InvestorGate provides a detailed breakdown of Gates Capital Management Inc.'s (Gates Capital) stock holdings as reported for the period ending June 30, 2026. The firm manages assets worth approximately $3.04 billion.

Gates Capital demonstrated active buying in certain sectors during this quarter:

• Technology: They significantly increased their stake in SiriusXM Holdings Inc (SIRI), boosting the position by 65.55% to $134 million, which now accounts for about 4.4% of the portfolio.
• Healthcare: The investor made a substantial purchase in Cooper Cos Inc (COO), acquiring shares worth approximately $121 million, representing a nearly 100% increase from the previous period and adding roughly $93 million to the portfolio. They also increased their position in NeoGen Corp (NEOG) by about 4%.
• Basic Materials: Gates Capital added a new position in Element Solutions Inc (ESI), investing approximately $76.95 million, which now represents about 2.53% of the portfolio value.

Conversely, Gates Capital Management exited or reduced positions on several holdings:

• Industrials: They sold off their position in ATKore Inc (ATKR), reducing it by 36.32% and lowering its portfolio allocation to about 4.27%. Additionally, they decreased their stake in RentoKil Initial PLC (RTO) by roughly 18.9%, though the position remains significant at $148 million or approximately 4.86% of assets.
• Healthcare: Gates Capital sold their entire position in NeoGen Corp (NEOG), reducing its allocation to zero from a previous level, and also significantly reduced their stake in Element Solutions Inc (ESI) by about 47.32%, lowering the portfolio value of this stock.
• Industrials: They sold their position in Garret Motion Inc (GTX), reducing it by approximately 58.22% and exiting a position that previously accounted for about 2.95% of assets.

The firm also noted activity on other positions, including:

• Healthcare: A notable increase in Darling Ingredients Inc (DAR) by roughly 22.93%, adding about $8.9 million to the position.
• Consumer Defensive: An increase in DAVita Inc (DVA), though not as dramatic as some buys, increasing its portfolio allocation slightly.
• Industrials: A decrease in Carrier Global Corporation (CARR) by about 20.18%, reducing the position value significantly.
• Healthcare: A reduction in their stake in NeoGen Corp (NEOG), which was partially offset by a new purchase elsewhere.

Gates Capital's portfolio shows diversification across 10 sectors, with Industrials and Healthcare being the largest allocations. The top five holdings account for approximately 25.1% of the total value as of June 30, 2026.

For more detailed information on Gates Capital Management Inc.'s portfolio or specific stock positions like SIRI, please visit the respective investor and stock profiles on InvestorGate.