Gates Capital Management, Inc.

Portfolio Overview

Gates Capital Management’s 13F filing for the period ending September 30, 2025, reveals a portfolio undergoing significant deleveraging and strategic consolidation. The total portfolio value decreased by 20.2%, dropping from $5.80 billion to $4.63 billion. This decline is attributed to a combination of market performance and active position reductions. The fund maintains a relatively concentrated portfolio of 25 holdings, indicating a high-conviction approach.

A striking...