GTES Archives

GTES

Letters With This Ticker

Quarter	Letter Date	Fund Name	QTD	YTD	Tickers	Keywords/Themes	Theme Commentary	Pitches	Letter
2025 Q2	Sep 3, 2025	The Olstein Strategic Opportunities Fund	-	-	ABM, BLBD, CENT, DIN, GTES, IVZ, SHYF, ST, VNT, VSH	consumer, industrials, small caps, technology, value	The fund focuses on companies selling at discounts to their intrinsic value based on their normalized ability to produce free cash flow. Market volatility enabled filling the portfolio with companies that had outstanding liquidity but were affected by short-term problems.		View
2025 Q2	Jul 27, 2025	Diamond Hill Small-Mid Cap Strategy	5.4%	1.0%	ALK, ASH, CCS, CIVI, COOP, FCN, GNRC, GTES, ICLR, KNF, MTN, NSP, POST, RRR, RRX, TKO.TO, WCC	energy, mid cap, small cap, tariffs, technology, Trade Policy, value	President Trump's Liberation Day tariffs announcement caused market volatility in April, followed by new trade deals with UK and China. US-China agreed to cut tariffs for 90 days in May, though progress has stalled since then.	FCN WCC RRR	View
2025 Q2	Jul 20, 2025	The London Company Small Cap	2.4%	-4.9%	ACIW, AWI, CABO, GTES, IPAR, MATX, NEU, SGI, WTM	Quality, small cap, tariffs, Trade Policy, value, volatility	The manager emphasizes their focus on high-Quality, low-Volatility orientation as a defensive strategy. They believe their reliance on high Quality factors has proven to be a strategy that can lose battles along the way but tends to win the war over time, positioning them well for an environment of elevated policy risks and fragile global growth.	IPAR MATX WTM ACIW GTES AWI NEU ACIW AWI NEU GTES	View
2024 Q1	Apr 15, 2024	FMI Small Cap Equity	-0.8%	10.7%	ACGL, BRK.B, CNM, CSL, DLTR, ETN, G, GTES, MU, NOFCY, NVT, PGR, PHG, PLXS, RHI, SAFRY, SMIN, SONY, UNH, YOKOY	Balance Sheet, Construction, international, Quality, small cap, Valuations, value	FMI emphasizes investing in advantaged companies trading at discounts to intrinsic value for temporary reasons. Small Cap and International stocks continue to trade at meaningful discounts with relative valuations around two standard deviations below historical levels. The setup appears favorable for value-oriented investing.	WEIR.L SCHW GTES	View
2024 Q1	Apr 15, 2024	FMI All Cap Equity	-1.8%	11.2%	ACGL, BRK.B, CARR, CNM, CSL, DLTR, ETN, FERG, G, GTES, MAS, MU, NVT, PGR, PHG, PLXS, RHI, SCHW, SONY, UNH	Construction, financials, international, Quality, small caps, value	FMI emphasizes investing in advantaged companies trading at discounts to intrinsic value for temporary reasons. All portfolios trade at sizeable discounts to core benchmarks while owning well-run, durable businesses. The firm focuses on finding opportunities outside the Magnificent Seven where valuations and expectations are far less lofty.	WEIR.L SCHW GTES	View
2024 Q1	Apr 15, 2024	FMI Large Cap Equity	-4.0%	10.5%	6841.T, ACGL, BRK.B, CNM, CSL, DLTR, ETN, G, GTES, MU, NVT, PGR, PHG, PLXS, RHI, SAF.PA, SMIN.L, SN.L, SONY, UNH	active management, Construction, Finance, Quality, small caps, Valuations, value	FMI emphasizes investing in advantaged companies trading at discounts to intrinsic value for temporary reasons. All portfolios trade at sizeable discounts to core benchmarks while owning well-run, durable businesses. The firm focuses on finding opportunities where valuations and expectations are far less lofty than mega cap technology.	WEIR.L SCHW GTES	View
2024 Q1	Apr 15, 2024	FMI International Equity	-7.4%	2.7%	4403.T, 6841.T, ACGL, ATR, BECN, BRK.B, CSL, DCI, FBIN, GTES, MU, NVT, PHG, RHI, SAFRY, SCHW, SMIN.L, SN.L, SONY, SSD, WEIR.L	Construction, discount, international, Quality, small caps, Valuations, value	FMI emphasizes investing in advantaged companies trading at discounts to intrinsic value for temporary reasons. All portfolios trade at sizeable discounts to core benchmarks while owning well-run, durable businesses. The firm targets companies with attractive risk/reward profiles through full cycles.	WEIR.L SCHW GTES	View
2024 Q1	Apr 15, 2024	Diamond Hill Small-Mid Cap Strategy	8.4%	9.2%	ALGT, BHF, BWA, ERII, GNRC, GTES, KEX, LNDC, LOB, POST, PRGO, RRR, RRX, WCC, WNS	Automation, Electrification, energy, industrials, Onshoring, small caps, value	The fund is positioned to benefit from secular tailwinds including increased focus on energy efficiency, automation, re-shoring and electrification. Regal Rexnord is capitalizing on these trends through its industrial powertrain solutions. Generac Holdings is well-positioned for growth as increasing electricity usage and electrical grid instability drive demand for its energy technology solutions.	PRGO GNRC WNS WCC GTES POST LANC RRX RRR	View
2024 Q4	Dec 31, 2024	FMI Small Cap Equity	-7.0%	11.0%	ARMK, ARW, BJ, G, GTES, HAYW, HLI, HSIC, IPG, RHI, SKX, SSD	consumer, industrials, Quality, small caps, technology, value		IPG HAYW	View
2024 Q4	Dec 31, 2024	Diamond Hill Small Cap Fund	1.0%	13.2%	ALGT, ASH, ASTH, CALM, CMPR, CURB, FIP, GHM, GTES, HAYN, LEU, LOB, MLAB, RCKY, RRR, SANM, USLM, WNS	defense, industrials, infrastructure, nuclear, small caps, value	Growing momentum around building additional nuclear power sources in the United States as immense power needs from AI-related datacenter demand require constant baseload power, which nuclear provides carbon-free. Centrus Energy benefited from this trend.	CURB CMPR MLAB FTAI USLM	View
2024 Q4	Dec 31, 2024	Diamond Hill Small-Mid Cap Strategy	-0.8%	8.3%	ALGT, ARW, ASH, BOKF, CIEN, CUBE, FTRE, GTES, HII, ICLR, INFA, JLL, NVR, REXR, RRR, SOLV, TDY, TFX, WBS, WCC	financials, healthcare, industrials, real estate, small cap, technology, value	WESCO is benefiting from strong demand in its data center business, representing a key growth driver for the industrial distributor. The company's scale advantage positions it well to capture share in this expanding market.		View
2025 Q4	Jan 27, 2026	Diamond Hill Small-Mid Cap Strategy	1.2%	8.5%	AMH, ARE, BAH, CCS, CIEN, CUBE, GIS, GTES, HII, HLIO, IAC, LEA, PRGO, SBAC, UDR, WCC, WIX, WLK, WNS	defense, healthcare, industrials, mid cap, real estate, small cap, technology, value	The portfolio faced headwinds from AI-driven market exuberance creating momentum-driven rallies favoring lower-quality businesses. However, some holdings like Ciena benefited from hyperscaler and AI-related demand optimism. The managers express caution about AI bubble concerns emerging in December. WESCO International's data center business reached nearly 20% of total revenue and drove better-than-expected organic growth. The rapid expansion of this segment was a key contributor to the company's outperformance during the quarter. Huntington Ingalls Industries benefited from strong execution, new frigate contract awards, and discussion of a potential Trump-class battleship. Booz Allen Hamilton faced pressure from Department of Government Efficiency initiatives but remains well-positioned given differentiated technology capabilities and sustained government demand. The portfolio includes exposure to various real estate segments including self-storage (CubeSmart facing occupancy pressures), wireless tower infrastructure (SBA Communications), life sciences real estate (Alexandria Real Estate), and single-family rentals (Invitation Homes). The sector faces headwinds from higher interest rates and housing market challenges.	INVH ARE BAH SBAC CUBE GTES HII WCC CIEN ZTS HII	View
2025 Q4	Jan 21, 2026	The London Company Small Cap	2.5%	-1.0%	AWI, CCC, CERT, DV, GTES, HAE, NEU, RVLV, WTM	Disciplined, Outperformance, Quality, Russell 2000, small caps, stock selection, value	The Small Cap portfolio outperformed the Russell 2000 Index in Q4, finishing 2025 on a high note with strong stock selection. The high beta rally that drove much of the index's 2025 gains showed signs of exhaustion in Q4, creating opportunities for disciplined stock pickers focused on quality companies. Value factors were the primary driver of returns during the quarter, led by stocks trading at lower prices relative to sales and book value. The portfolio's focus on companies trading at significant discounts to intrinsic value aligned well with this market environment. Quality factors were headwinds during the quarter, though the portfolio maintains its tilt toward profitable, financially stable companies that consistently generate free cash flow and high returns on unleveraged operating capital. This positioning is expected to provide resilience through shifting market regimes.	DV CCC GTES CERT NEU HAE	View
2024 Q3	Sep 30, 2024	Heartland Value Plus Fund	7.9%	1.5%	GTES, HAYW	Capital Allocation, industrials, rates, self-help, small caps, value	The fund focuses on companies with compelling self-help strategies and strong capital allocation policies that are being rewarded in the current market. The manager emphasizes companies actively taking steps to improve their financial strength, competitive advantage, and operational efficiency rather than simply waiting for sales to improve.	HAYW GTES	View
2024 Q2	Jul 22, 2024	The London Company Small Cap	7.0%	8.9%	ACIW, AUB, CERT, CNNE, DOOR, DV, ENOV, EPRT, GTES, HAE, MATX, MBUU, MRTN, MUSA, NEU, PLUS, TPX	downside protection, free cash flow, Quality, Russell 2000, small caps, value	The portfolio focuses on small-cap equities with emphasis on quality, low volatility, and downside protection. The Russell 2000 Small Cap Index declined 3.3% during the quarter while the portfolio fell 5.8%. The manager notes that small caps faced headwinds as investors favored large cap, growth and momentum factors.	DV GTES	View
2025 Q1	Mar 31, 2025	Heartland Value Plus Fund	-8.2%	-8.2%	FCFS, GTES, THG	industrials, insurance, Patience, self-help, small caps, value	The fund focuses on attractively priced, well-managed companies with high-quality balance sheets, low debt, and positive earnings dynamics through their 10 Principles of Value Investing. They seek companies trading at material discounts to historical multiples despite strong fundamentals.	GTES FCFS THG	View
2023 Q1	Mar 31, 2023	Diamond Hill Small-Mid Cap Strategy	8.4%	9.2%	AAP, ADM, AIG, ALGT, ALK, ALL, ARW, ASH, BHF, BKU, BOKF, BR, BRBR, BRO, BSX, BWA, CALM, CHKP, CIEN, CIVI, COOP, CTRA, CTSH, CUBE, DEI, ENOV, ERII, ESAB, ESGR, FA, FCX, FIBK, FIS, FWONA, GTES, HBI, HIG, ITGR, JLL, KEX, KMX, L, LANC, LOB, MTN, NVR, NXPI, OZK, PH, POST, PRG, RHP, RNR, RRR, RRX, RYN, SANM, SF, SRCL, SSNC, ST, UDR, UGI, VFC, WBS, WCC, WNS, WTW, WWW, WY	financials, industrials, mid cap, small cap, value			View
2022 Q4	Jan 27, 2023	Diamond Hill Small Cap Fund	8.5%	12.2%	ALGT, BBCP, ESAB, ESGRP, FTAI, GHM, GTES, ODC, RMNI, RRR, TGB, UFPT, WNS, WWW	-			View

Pitches With This Ticker

Date	Pitch Type	Author	Company	Industry	Sub Industry	Bull / Bear	Stock Exchange	Keywords	Action
Apr 13, 2026	Fund Letters	Heartland Value Plus Fund	Gates Industrial Corporation plc	Industrials	Industrial Machinery	Bull	NYSE	All-weather, Auto Replacement Parts, balance sheet, Cyclical, industrial machinery, Margin Improvement, Self Help, Share Buybacks, Value	View Pitch
Apr 13, 2026	Fund Letters	The London Company Small Cap	Gates Industrial Corporation Plc	Industrials	Industrial Machinery	Bull	NYSE	automotive, capital allocation, deleveraging, Free Cash Flow, operational efficiency, Pricing power, Replacement Parts, Share Buybacks	View Pitch
Apr 13, 2026	Fund Letters	FMI Small Cap Equity	Gates Industrial Corp. PLC	Industrials	Industrial Machinery	Bull	NYSE	Automotive Aftermarket, Belts, industrial machinery, margin expansion, Power Transmission, Private Equity Overhang, Replacement Markets, Value	View Pitch
Apr 13, 2026	Fund Letters	FMI All Cap Equity	Gates Industrial Corp. PLC	Industrials	Industrial Machinery	Bull	NYSE	aftermarket, Belts, Cyclical Recovery, industrial machinery, manufacturing, Power Transmission, Private Equity Overhang, Replacement Driven, Value	View Pitch
Apr 13, 2026	Fund Letters	FMI Large Cap Equity	Gates Industrial Corp. PLC	Industrials	Industrial Machinery	Bull	NYSE	Automotive Aftermarket, Belts, Cyclical Recovery, industrial machinery, Power Transmission, Private Equity Overhang, Value	View Pitch
Apr 13, 2026	Fund Letters	FMI International Equity	Gates Industrial Corp. PLC	Capital Goods	Industrial Machinery	Bull	NYSE	Automotive Aftermarket, Cyclical Recovery, industrial machinery, manufacturing, Power Transmission, Replacement Parts, Value	View Pitch
Apr 13, 2026	Fund Letters	Diamond Hill Small-Mid Cap Strategy	Gates Industrial Corporation	Industrials	Industrial Machinery	Bull	NYSE	Fluid Power, Industrial Solutions, operating leverage, Power Transmission, Raw Materials, Supply Chain Recovery	View Pitch
Apr 13, 2026	Fund Letters	The London Company Small Cap	Gates Industrial	Industrials	Industrial Machinery	Bull	NYSE	Automotive Components, Cyclical Recovery, Free Cash Flow, industrial machinery, Power Transmission, Replacement Demand, Value	View Pitch
Apr 13, 2026	Fund Letters	Heartland Value Plus Fund	Gates Industrial Corporation	Industrials	Industrial Machinery	Bull	NYSE	Aftermarket Parts, Defensive Revenue, industrial machinery, manufacturing, margin expansion, market leadership, turnaround, Value	View Pitch
Jan 29, 2026	Fund Letters	Chris Welch	Gates Industrial Corp plc	Industrials	Industrial Machinery	Bear	New York Stock Exchange	Automation, Industrial Cyclical, infrastructure, Margins, recovery	View Pitch
Jan 27, 2026	Fund Letters	Brian Campbell	Gates Industrial Corporation plc	Industrials	Industrial Machinery	Bull	New York Stock Exchange	Electrification, Industrial, Margins, productivity, restructuring	View Pitch
Jan 8, 2026	Fund Letters	Bradford Evans	Gates Industrial Corporation plc	Industrials	Industrial Machinery	Bull	New York Stock Exchange	aftermarket, Industrial, Margins, Pricing, tariffs	View Pitch
Jan 8, 2026	Fund Letters	Brian Campbell	Gates Industrial Corporation Plc	Industrials	Industrial Machinery	Bull	New York Stock Exchange	deleveraging, Free Cash Flow, Industrial, Pricing, Replacement Demand	View Pitch
Aug 8, 2025	Seeking Alpha	Heartland Advisors	Gates Industrial Corporation plc	Industrials	Specialty Industrial Machinery	Bull	NYSE	—	View Pitch

BSD Shareholders of GTES

This report provides a detailed summary of investor holdings for a specified stock ticker, highlighting key metrics such as fund name, total assets under management (AUM), invested value, portfolio weight, and shares owned. It also tracks changes in share ownership during the last quarter, including the percentage of shares bought or sold and the percentage of outstanding shares owned. The data is generated using an API that processes investor holdings and calculates these values for each fund. This report helps investors and analysts monitor the stock positions of major funds, identify investment trends, and assess the influence of large investors on individual stocks.

Filing Date: September 30, 2025

Manager Name	Fund Name	Fund AUM	Invested Value	Portfolio Weight	Shares Owned	Shares Bought / Sold During Quarter	% Bought / Sold During Quarter	% of Shares Outstanding Owned
No investor data available.

GTES

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Letters With This Ticker

Pitches With This Ticker

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