Gates Capital Management, Inc. Q3 2022 vs. Q4 2022 13F Holdings Comparison

Gates Capital Management, Inc. recently released its 13F filings for Q3 2022, revealing significant changes in its holdings compared to Q4 2022. As a professional blog writer, it is my job to analyze the data and provide insights into the changes that occurred in the company's portfolio.

The following is a detailed analysis of the top holdings changed, sell and buy out made by Gates Capital Management, Inc. during this period.

Top Holdings Changes

Gates Capital Management, Inc. made changes to its top holdings and added new stocks to its portfolio. Some of its top holdings include:

- SELECT SECTOR SPDR TR (XLI): Gates Capital Management added put and call options to this stock. In Q3 2022, the company had no shares in XLI, but it acquired 2,750,000 shares in Q4 2022.

- ELEMENT SOLUTIONS INC (ESI): Gates Capital Management reduced its holdings of ESI by 6.07% during the period, selling 626,510 shares.

- OTIS WORLDWIDE CORP (OTIS): Gates Capital Management reduced its holdings of OTIS by 10.4%, selling 233,000 shares.

- FORTIVE CORP (FTV): Gates Capital Management sold 36.8% of its holdings in FTV, selling 368,230 shares.

- CHAMPIONX CORPORATION (CHX): Gates Capital Management sold 42.6% of its holdings in CHX, selling 3,478,997 shares.

Sell-Outs

Gates Capital Management, Inc. sold out of several stocks during the period. Some of the most significant sell-outs include:

- TERMINIX GLOBAL HOLDINGS INC: Gates Capital Management sold its entire position in this stock. The company held 3,995,390 shares in Q3 2022, but it sold all of them in Q4 2022.

- S&P GLOBAL INC (SPGI): Gates Capital Management sold all its put options in SPGI, which amounted to 343,000 shares, during the period.

- CONSTELLATION BRANDS INC (STZ): Gates Capital Management also sold all its put options in STZ, which amounted to 300,000 shares, during the period.

- ARMSTRONG WORLD INDS INC NEW (AWI): Gates Capital Management sold all its put options in AWI, which amounted to 500,000 shares, during the period.

New Positions

Gates Capital Management also opened new positions in several stocks during the period. Some of the most significant new positions include:

- RENTOKIL INITIAL PLC (RTOKY): Gates Capital Management acquired 5,203,358 shares in RTOKY.

- GAMING & LEISURE PPTYS INC (GLPI): Gates Capital Management acquired 2,536,610 shares in GLPI.

- VICI PPTYS INC (VICI): Gates Capital Management acquired 2,951,737 shares in VICI.

- GXO LOGISTICS INCORPORATED (GXO): Gates Capital Management acquired 1,746,922 shares in GXO.

Conclusion

The 13F filings of Gates Capital Management, Inc. for Q3 2022 and Q4 2022 show significant changes in the company's portfolio. The firm made new acquisitions, sold out of some positions, and changed the holdings of its top stocks. These moves provide insights into the investment strategies followed by the company and indicate the direction it expects the market to take in the future.