Gates Capital Management, Inc. Diversified Active

CIK: 0001312908 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $3,798,060 (100.0% shares, 0.0% debt)

Holdings (32)

New Positions (4)

TKO TKO GROUP HOLDINGS INC 2.1%

Value ($000) $79,420 Shares 380,000 Est. Cost $98.70 Unrealized +96.3%

PNR PENTAIR PLC 1.1%

Value ($000) $41,656 Shares 400,000 Est. Cost $51.58 Unrealized +106.9%

Q QNITY ELECTRONICS INC 0.7%

Value ($000) $24,941 Shares 305,463 Est. Cost $84.91 Unrealized 0.0%

XBP XBP GLOBAL HOLDINGS INC 0.6%

Value ($000) $21,745 Shares 3,193,149 Est. Cost $6.10 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TKO	TKO GROUP HOLDINGS INC	380,000	$79,420	2.1%	$98.70	+96.3%	CALL	87256C101
PNR	PENTAIR PLC	400,000	$41,656	1.1%	$51.58	+106.9%	CALL	G7S00T104
Q	QNITY ELECTRONICS INC	305,463	$24,941	0.7%	$84.91	0.0%	COMMON STOCK	74743L100
XBP	XBP GLOBAL HOLDINGS INC	3,193,149	$21,745	0.6%	$6.10	0.0%	COM NEW	98400V200

Increased Positions (6)

TIC TIC SOLUTIONS INC 3.9%

Value ($000) $149,993 (+36.7%) Shares 14,836,121 (+80.0%) Est. Cost $11.53 Unrealized -3.4%

XLB SELECT SECTOR SPDR TR 7.6%

Value ($000) $290,240 (-7.5%) Shares 6,400,000 (+82.9%) Est. Cost — Unrealized —

VICI VICI PPTYS INC 2.5%

Value ($000) $95,866 (+10.1%) Shares 3,409,160 (+27.7%) Est. Cost $24.05 Unrealized +21.8%

ESI ELEMENT SOLUTIONS INC 3.0%

Value ($000) $114,029 (+7.3%) Shares 4,562,986 (+8.1%) Est. Cost $20.02 Unrealized +29.4%

CARR CARRIER GLOBAL CORPORATION 4.5%

Value ($000) $170,170 (-2.6%) Shares 3,220,480 (+10.0%) Est. Cost $26.12 Unrealized +112.6%

CCSI CONSENSUS CLOUD SOLUTIONS IN 1.0%

Value ($000) $39,166 (-2.7%) Shares 1,794,967 (+30.9%) Est. Cost $40.95 Unrealized -39.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TIC	TIC SOLUTIONS INC	14,836,121 (+80.0%)	$149,993 (+36.7%)	3.9%	$11.53	-3.4%	COM	00510N102
XLB	SELECT SECTOR SPDR TR	6,400,000 (+82.9%)	$290,240 (-7.5%)	7.6%	—	—	PUT	81369Y100
VICI	VICI PPTYS INC	3,409,160 (+27.7%)	$95,866 (+10.1%)	2.5%	$24.05	+21.8%	COM	925652109
ESI	ELEMENT SOLUTIONS INC	4,562,986 (+8.1%)	$114,029 (+7.3%)	3.0%	$20.02	+29.4%	COM	28618M106
CARR	CARRIER GLOBAL CORPORATION	3,220,480 (+10.0%)	$170,170 (-2.6%)	4.5%	$26.12	+112.6%	COM	14448C104
CCSI	CONSENSUS CLOUD SOLUTIONS IN	1,794,967 (+30.9%)	$39,166 (-2.7%)	1.0%	$40.95	-39.9%	COM	20848V105

Exited Positions (6)

XLI SELECT SECTOR SPDR TR 20.3%

Value ($000) $771,150 Shares 5,000,000 Est. Cost — Unrealized —

XLB SELECT SECTOR SPDR TR 6.5%

Value ($000) $246,455 Shares 2,750,000 Est. Cost — Unrealized —

LW LAMB WESTON HLDGS INC 1.7%

Value ($000) $63,709 Shares 1,096,923 Est. Cost $69.81 Unrealized -15.9%

— XBP GLOBAL HOLDINGS INC 0.7%

Value ($000) $25,769 Shares 31,931,506 Est. Cost $0.81 Unrealized —

DAR DARLING INGREDIENTS INC 0.6%

Value ($000) $24,387 Shares 790,000 Est. Cost $40.24 Unrealized -15.9%

GTLS CHART INDS INC 0.5%

Value ($000) $18,414 Shares 92,000 Est. Cost $155.59 Unrealized +30.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
XLI	SELECT SECTOR SPDR TR	5,000,000	$771,150	20.3%	—	—	CALL	81369Y704
XLB	SELECT SECTOR SPDR TR	2,750,000	$246,455	6.5%	—	—	CALL	81369Y100
LW	LAMB WESTON HLDGS INC	1,096,923	$63,709	1.7%	$69.81	-15.9%	—	513272104
—	XBP GLOBAL HOLDINGS INC	31,931,506	$25,769	0.7%	$0.81	—	—	98400V101
DAR	DARLING INGREDIENTS INC	790,000	$24,387	0.6%	$40.24	-15.9%	CALL	237266101
GTLS	CHART INDS INC	92,000	$18,414	0.5%	$155.59	+30.2%	—	16115Q308

Decreased Positions (21)

XLI SELECT SECTOR SPDR TR 13.5%

Value ($000) $514,223 (-48.7%) Shares 3,315,000 (-49.0%) Est. Cost — Unrealized —

FTV FORTIVE CORP 3.5%

Value ($000) $134,811 (-30.7%) Shares 2,441,779 (-38.5%) Est. Cost $52.83 Unrealized -1.8%

OTIS OTIS WORLDWIDE CORP 1.7%

Value ($000) $66,209 (-35.0%) Shares 757,971 (-31.9%) Est. Cost $62.29 Unrealized +43.3%

MBC MASTERBRAND INC 2.7%

Value ($000) $101,851 (-25.5%) Shares 9,225,631 (-11.1%) Est. Cost $9.93 Unrealized +17.8%

VLTO VERALTO CORP 2.1%

Value ($000) $79,104 (-28.4%) Shares 792,785 (-23.5%) Est. Cost $76.35 Unrealized +32.3%

CRH CRH PLC 2.6%

Value ($000) $97,179 (-24.0%) Shares 778,679 (-27.0%) Est. Cost $57.64 Unrealized +106.7%

PNR PENTAIR PLC 2.5%

Value ($000) $93,997 (-21.5%) Shares 902,606 (-16.5%) Est. Cost $51.58 Unrealized +106.9%

DVA DAVITA INC 3.5%

Value ($000) $133,547 (-15.6%) Shares 1,175,485 (-1.3%) Est. Cost $107.04 Unrealized +13.6%

AMRZ AMRIZE LTD 3.5%

Value ($000) $132,199 (-14.0%) Shares 2,444,508 (-22.9%) Est. Cost $50.65 Unrealized +0.7%

RTO RENTOKIL INITIAL PLC 3.5%

Value ($000) $133,058 (-12.0%) Shares 4,516,572 (-24.6%) Est. Cost $29.33 Unrealized —

GLPI GAMING & LEISURE PPTYS INC 2.5%

Value ($000) $93,356 (-14.7%) Shares 2,088,962 (-11.0%) Est. Cost $41.30 Unrealized —

RAL RALLIANT CORP 3.0%

Value ($000) $114,828 (-12.1%) Shares 2,255,516 (-24.5%) Est. Cost $46.32 Unrealized +1.2%

TKO TKO GROUP HOLDINGS INC 2.5%

Value ($000) $94,023 (-13.0%) Shares 449,869 (-15.9%) Est. Cost $98.70 Unrealized +96.3%

AWI ARMSTRONG WORLD INDS INC NEW 2.2%

Value ($000) $81,746 (-13.1%) Shares 427,768 (-10.8%) Est. Cost $72.76 Unrealized +162.1%

ATKR ATKORE INC 4.6%

Value ($000) $172,872 (-6.4%) Shares 2,733,147 (-7.2%) Est. Cost $92.81 Unrealized -30.3%

GTX GARRETT MOTION INC 2.5%

Value ($000) $95,479 (+10.9%) Shares 5,477,859 (-13.4%) Est. Cost $8.64 Unrealized +84.3%

WH WYNDHAM HOTELS & RESORTS INC 1.5%

Value ($000) $56,432 (-12.5%) Shares 746,848 (-7.4%) Est. Cost $75.06 Unrealized +0.4%

NEOG NEOGEN CORP 1.5%

Value ($000) $58,615 (-5.8%) Shares 8,385,534 (-23.1%) Est. Cost $9.13 Unrealized -31.1%

APG API GROUP CORP 1.8%

Value ($000) $70,152 (-3.9%) Shares 1,833,567 (-13.7%) Est. Cost $23.94 Unrealized +54.4%

DAR DARLING INGREDIENTS INC 4.5%

Value ($000) $170,786 (-0.8%) Shares 4,744,048 (-14.9%) Est. Cost $40.24 Unrealized -15.9%

NVST ENVISTA HOLDINGS CORPORATION 3.3%

Value ($000) $126,094 (-0.5%) Shares 5,808,119 (-6.7%) Est. Cost $23.25 Unrealized -11.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
XLI	SELECT SECTOR SPDR TR	3,315,000 (-49.0%)	$514,223 (-48.7%)	13.5%	—	—	PUT	81369Y704
FTV	FORTIVE CORP	2,441,779 (-38.5%)	$134,811 (-30.7%)	3.5%	$52.83	-1.8%	COM	34959J108
OTIS	OTIS WORLDWIDE CORP	757,971 (-31.9%)	$66,209 (-35.0%)	1.7%	$62.29	+43.3%	COM	68902V107
MBC	MASTERBRAND INC	9,225,631 (-11.1%)	$101,851 (-25.5%)	2.7%	$9.93	+17.8%	COMMON STOCK	57638P104
VLTO	VERALTO CORP	792,785 (-23.5%)	$79,104 (-28.4%)	2.1%	$76.35	+32.3%	COM SHS	92338C103
CRH	CRH PLC	778,679 (-27.0%)	$97,179 (-24.0%)	2.6%	$57.64	+106.7%	ORD	G25508105
PNR	PENTAIR PLC	902,606 (-16.5%)	$93,997 (-21.5%)	2.5%	$51.58	+106.9%	SHS	G7S00T104
DVA	DAVITA INC	1,175,485 (-1.3%)	$133,547 (-15.6%)	3.5%	$107.04	+13.6%	COM	23918K108
AMRZ	AMRIZE LTD	2,444,508 (-22.9%)	$132,199 (-14.0%)	3.5%	$50.65	+0.7%	SHS	H2927K103
RTO	RENTOKIL INITIAL PLC	4,516,572 (-24.6%)	$133,058 (-12.0%)	3.5%	$29.33	—	SPONSORED ADR	760125104
GLPI	GAMING & LEISURE PPTYS INC	2,088,962 (-11.0%)	$93,356 (-14.7%)	2.5%	$41.30	—	COM	36467J108
RAL	RALLIANT CORP	2,255,516 (-24.5%)	$114,828 (-12.1%)	3.0%	$46.32	+1.2%	COM	750940108
TKO	TKO GROUP HOLDINGS INC	449,869 (-15.9%)	$94,023 (-13.0%)	2.5%	$98.70	+96.3%	CL A	87256C101
AWI	ARMSTRONG WORLD INDS INC NEW	427,768 (-10.8%)	$81,746 (-13.1%)	2.2%	$72.76	+162.1%	COM	04247X102
ATKR	ATKORE INC	2,733,147 (-7.2%)	$172,872 (-6.4%)	4.6%	$92.81	-30.3%	COM	047649108
GTX	GARRETT MOTION INC	5,477,859 (-13.4%)	$95,479 (+10.9%)	2.5%	$8.64	+84.3%	COM	366505105
WH	WYNDHAM HOTELS & RESORTS INC	746,848 (-7.4%)	$56,432 (-12.5%)	1.5%	$75.06	+0.4%	COM	98311A105
NEOG	NEOGEN CORP	8,385,534 (-23.1%)	$58,615 (-5.8%)	1.5%	$9.13	-31.1%	COM	640491106
APG	API GROUP CORP	1,833,567 (-13.7%)	$70,152 (-3.9%)	1.8%	$23.94	+54.4%	COM STK	00187Y100
DAR	DARLING INGREDIENTS INC	4,744,048 (-14.9%)	$170,786 (-0.8%)	4.5%	$40.24	-15.9%	COM	237266101
NVST	ENVISTA HOLDINGS CORPORATION	5,808,119 (-6.7%)	$126,094 (-0.5%)	3.3%	$23.25	-11.7%	COM	29415F104

Unchanged Positions (1)

SPGI S&P GLOBAL INC 4.0%

Value ($000) $150,273 Shares 287,554 Est. Cost $252.81 Unrealized +95.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPGI	S&P GLOBAL INC	287,554	$150,273	4.0%	$252.81	+95.5%	COM	78409V104