On February 17, 2026, Gates Capital Management, Inc. disclosed in a US Securities and Exchange Commission (SEC) filing that it sold Lamb Weston (NYSE:LW)1,096,923 shares worth $63.71 million exit.
An SEC filing on February 17, 2026 shows that Gates Capital Management Inc. completely liquidated its stake in Lamb Weston, selling 1,096,923 shares. The quarter-end value decreased by $63.71 million.
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Top properties after filing:
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NYSE:ATKR: $172.87 million (6.0% of AUM)
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NYSE:DAR: $170.79 million (5.9% of AUM)
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NYSE:CARR: $170.17 million (5.9% of AUM)
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NYSE:SPGI: $150.27 million (5.2% of AUM)
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NYSE:TIC: $149.99 million (5.2% of AUM)
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As of Monday, Lambweston shares were priced at $47.47, down 9% from a year ago and trailing the S&P 500, which was up about 17% instead.
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Matric |
value |
|---|---|
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Revenue (TTM) |
6.47 billion dollars |
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net income (TTM) |
392.30 million dollars |
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Dividend yield |
3% |
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Price (Monday) |
$47.47 |
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Lamb Weston manufactures and markets value-added frozen potato products, commercial ingredients, and appetizers under proprietary, licensed, and private label brands.
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The company generates revenue by selling frozen potato products to retail, food service, and institutional customers worldwide.
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It serves retailers and mass retailers, food service distributors, restaurants, educational institutions, and convenience stores.
Lamb Weston is a leading supplier of frozen potato products with a diverse global customer base in the retail and foodservice channels. The company leverages scale, brand portfolio, and operational expertise to maintain a strong position in the packaged food industry. A strategic focus on innovation and wide distribution supports its competitive edge in value-added frozen foods.
The sale of Gates signals less conviction in the name of defensive food at a moment when execution, not just consistency, drives returns. Lamb Weston remains a scale player in frozen potato products, but last quarter showed how competitive the landscape has become.
Net sales rose 1% to $1.62 billion in the second quarter, while adjusted EBITDA fell 3% to $285.7 million. Volume rose 8%, but that strength was offset by an 8% decline in price and mix as the company relied on business support to maintain share. Management reaffirmed full-year guidance for $6.35 billion to $6.55 billion in sales and $1.00 billion to $1.20 billion in adjusted EBITDA and approved a 3% dividend increase, extending the range of steady capital returns.
Still, at around $47, shares are down nearly 9% from last year, roughly 17% above the market. In a portfolio dominated by industrial and infrastructure names such as Atcor, Carrier, and TIC Solutions, a packaged food product facing price pressure may simply be underperforming.
