Vault-13

GMS INC

COM · Common Stock · CUSIP 36251C103

315 institutional holders +42 vs Q1 2025
37,677,80737.7m shares reported held*
$4.1bnreported value*
81 new 84 added 117 reduced 45 sold out net sold ≈ $399.7m (-3.7m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($2.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $108.76. Options: 14 managers hold calls ($71.8m notional), 14 hold puts ($73.0m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 230Q4 22: 229Q1 23: 239Q2 23: 273Q3 23: 280Q4 23: 281Q1 24: 320Q2 24: 291Q3 24: 279Q4 24: 269Q1 25: 273Q2 25: 315315Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022230
Q4 2022229
Q1 2023239
Q2 2023273
Q3 2023280
Q4 2023281
Q1 2024320
Q2 2024291
Q3 2024279
Q4 2024269
Q1 2025273
Q2 2025315

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q3 23: 131 bought or addedQ3 23: 145 cut or sold outQ4 23: 124 bought or addedQ4 23: 147 cut or sold outQ4 23Q1 24: 164 bought or addedQ1 24: 131 cut or sold outQ2 24: 139 bought or addedQ2 24: 171 cut or sold outQ2 24Q3 24: 118 bought or addedQ3 24: 161 cut or sold outQ4 24: 110 bought or addedQ4 24: 143 cut or sold outQ4 24Q1 25: 122 bought or addedQ1 25: 142 cut or sold outQ2 25: 165 bought or addedQ2 25: 162 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023131145
Q4 2023124147
Q1 2024164131
Q2 2024139171
Q3 2024118161
Q4 2024110143
Q1 2025122142
Q2 2025165162

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$20m$40m$60m$80mQ3 24 calls: $3.6mQ3 24 puts: $1.5mQ3 24P/C 0.42Q4 24 calls: $1.7mQ4 24 puts: $1.0mQ4 24P/C 0.59Q1 25 calls: $2.4mQ1 25 puts: $534.1kQ1 25P/C 0.22Q2 25 calls: $71.8mQ2 25 puts: $73.0mQ2 25P/C 1.02
Numbers
QuarterCallsPutsP/C
Q3 2024$3.6m$1.5m0.42
Q4 2024$1.7m$1.0m0.59
Q1 2025$2.4m$534.1k0.22
Q2 2025$71.8m$73.0m1.02

Biggest buyers

Sculptor Capital LP New +500,000+500.0k
Pentwater Capital Management LP New +400,000+400.0k
Coliseum Capital Management, LLC Added +387,663+387.7k
NEUBERGER BERMAN GROUP LLC New +285,265+285.3k
Governors Lane LP New +281,233+281.2k
TORONTO DOMINION BANK New +239,601+239.6k
ALPINE ASSOCIATES MANAGEMENT INC. New +220,000+220.0k
MORGAN STANLEY Added +176,823+176.8k
CITADEL ADVISORS LLC Added +172,057+172.1k
Woodline Partners LP New +140,513+140.5k

Biggest sellers

FMR LLC Reduced -2,313,336-2.3m
T. Rowe Price Investment Management, Inc. Sold out -1,333,127-1.3m
Verition Fund Management LLC Reduced -383,487-383.5k
VANGUARD GROUP INC Reduced -368,187-368.2k
River Road Asset Management, LLC Reduced -347,769-347.8k
VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. Reduced -322,358-322.4k
AMERICAN CENTURY COMPANIES INC Reduced -316,779-316.8k
FEDERATED HERMES, INC. Reduced -315,238-315.2k
WESTWOOD HOLDINGS GROUP INC Reduced -273,180-273.2k
SEI INVESTMENTS CO Reduced -249,595-249.6k

Biggest calls

Slotnik Capital, LLC New $14.2m131.0k shares
Caption Management, LLC New $12.2m112.6k shares
Decagon Asset Management LLP New $10.9m100.0k shares
LMR Partners LLP New $10.4m95.9k shares
WATER ISLAND CAPITAL LLC New $8.8m81.3k shares
ExodusPoint Capital Management, LP New $7.0m64.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $5.1m46.5k shares
IMC-Chicago, LLC New $1.3m11.7k shares
CITADEL ADVISORS LLC Reduced $1.1m10.2k shares
WOLVERINE TRADING, LLC New $399.1k4.1k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $22.1m202.9k shares
Governors Lane LP New $12.7m117.0k shares
Walleye Trading LLC New $9.1m84.0k shares
ExodusPoint Capital Management, LP New $7.1m65.3k shares
Centiva Capital, LP New $6.5m59.5k shares
HARVEST MANAGEMENT LLC New $5.5m50.7k shares
SIMPLEX TRADING, LLC New $5.1m47.0k shares
Hudson Bay Capital Management LP New $2.7m25.0k shares
WOLVERINE TRADING, LLC New $720.2k7.4k shares
GROUP ONE TRADING LLC New $663.4k6.1k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
BlackRock, Inc. 13G · institution filed 2025-07-18 14.4% 5.5m 2025-07-18
VANGUARD GROUP INC 13G · institution filed 2025-04-30 12.0% 4.6m 2025-04-30
Coliseum Capital Management, LLC 13G · passive investor +4.2 pts · filed 2025-05-15 10.0% +4.2 pts 3.8m 2025-05-15

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BlackRock, Inc. 0.01% of their portfolio New York, NY 5,663,6835.7m $615.9m $615.9m 0.01% Reduced -153.0k -152,991
2 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 4,237,2764.2m $460.8m $460.8m 0.01% Reduced -368.2k -368,187
3 Coliseum Capital Management, LLC 29.86% of their portfolio Rowayton, CT 3,825,1513.8m $416.0m $416.0m 29.86% Added +387.7k +387,663
4 FMR LLC 0.02% of their portfolio BOSTON, MA 3,444,9373.4m $374.6m $374.6m 0.02% Reduced -2.3m -2,313,336
5 DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio AUSTIN, TX 1,991,4182.0m $216.5m $216.5m 0.05% Reduced -162.6k -162,603
6 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 1,478,3751.5m $160.8m $160.8m 0.01% Added +5.4k +5,439
7 AMERICAN CENTURY COMPANIES INC 0.08% of their portfolio KANSAS CITY, MO 1,343,4151.3m $146.1m $146.1m 0.08% Reduced -316.8k -316,779
8 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 901,976902.0k $98.1m $98.1m 0.01% Added +2.6k +2,630
9 HBK INVESTMENTS L P 1.36% of their portfolio DALLAS, TX 704,721704.7k $76.6m $76.6m 1.36% Not comparable
10 WESTWOOD HOLDINGS GROUP INC 0.52% of their portfolio DALLAS, TX 660,082660.1k $71.8m $71.8m 0.52% Reduced -273.2k -273,180
11 REINHART PARTNERS, LLC. 2.39% of their portfolio MEQUON, WI 643,256643.3k $70.0m $70.0m 2.39% Added +7.0k +7,021
12 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 632,688632.7k $68.8m $68.8m 0.01% Added +9.3k +9,254
13 LSV ASSET MANAGEMENT 0.16% of their portfolio CHICAGO, IL 619,720619.7k $67.4m $67.4m 0.16% Reduced -48.7k -48,700
14 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 597,945597.9k $65.0m $65.0m 0.00% Added +176.8k +176,823
15 Sculptor Capital LP 0.88% of their portfolio New York, NY 500,000500.0k $54.4m $54.4m 0.88% New
16 River Road Asset Management, LLC 0.68% of their portfolio LOUISVILLE, KY 484,952485.0k $53.2m $53.2m 0.68% Reduced -347.8k -347,769
17 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 433,648433.6k $47.2m $47.2m 0.01% Reduced -103.8k -103,833
18 Pentwater Capital Management LP 0.56% of their portfolio Naples, FL 400,000400.0k $43.5m $43.5m 0.56% New
19 NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio NEW YORK, NY 285,265285.3k $31.0m $31.0m 0.02% New
20 Governors Lane LP 4.18% of their portfolio NEW YORK, NY 281,233281.2k $30.6m $30.6m 4.18% New
21 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 252,003252.0k $27.4m $27.4m 0.01% Reduced -6.8k -6,771
22 Pacer Advisors, Inc. 0.07% of their portfolio Malvern, PA 248,589248.6k $27.0m $27.0m 0.07% Reduced -98.6k -98,570
23 TORONTO DOMINION BANK 0.06% of their portfolio TORONTO, ONTARIO, A6 239,601239.6k $26.1m $26.1m 0.06% New
24 FEDERATED HERMES, INC. 0.05% of their portfolio PITTSBURGH, PA 224,700224.7k $24.4m $24.4m 0.05% Reduced -315.2k -315,238
25 ALPINE ASSOCIATES MANAGEMENT INC. 1.28% of their portfolio PALM BEACH, FL 220,000220.0k $23.9m $23.9m 1.28% New
26 PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio DES MOINES, IA 217,669217.7k $23.7m $23.7m 0.01% Reduced -6.4k -6,379
27 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 203,327203.3k $22.1m $22.1m 0.02% Added +172.1k +172,057
28 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.59% of their portfolio CHICAGO, IL 200,000200.0k $21.8m $21.8m 0.59% Not comparable
29 Capital International Investors 0.00% of their portfolio Los Angeles, CA 189,079189.1k $20.6m $20.6m 0.00% Reduced -113.7k -113,713
30 JANE STREET GROUP, LLC 0.03% of their portfolio NEW YORK, NY 171,384171.4k $18.6m $18.6m 0.03% Added +127.4k +127,399
31 Balyasny Asset Management L.P. 0.04% of their portfolio Chicago, IL 155,489155.5k $16.9m $16.9m 0.04% Added +115.4k +115,410
32 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 151,258151.3k $16.4m $16.4m 0.00% Reduced -80.1k -80,083
33 Davidson Kempner Capital Management LP 0.25% of their portfolio New York, NY 150,000150.0k $16.3m $16.3m 0.25% Not comparable
34 FRONTIER CAPITAL MANAGEMENT CO LLC 0.15% of their portfolio Boston, MA 145,107145.1k $15.8m $15.8m 0.15% Reduced -430 -430
35 Woodline Partners LP 0.08% of their portfolio San Francisco, CA 140,513140.5k $15.3m $15.3m 0.08% New
36 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 138,358138.4k $15.0m $15.0m 0.00% Reduced -235.4k -235,380
37 Public Sector Pension Investment Board 0.06% of their portfolio MONTREAL, A8 130,866130.9k $14.2m $14.2m 0.06% Added +7.8k +7,786
38 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 129,515129.5k $14.1m $14.1m 0.00% Added +22.1k +22,051
39 Calamos Advisors LLC 0.06% of their portfolio NAPERVILLE, IL 125,011125.0k $13.6m $13.6m 0.06% New
40 HRT FINANCIAL LP 0.07% of their portfolio NEW YORK, NY 112,636112.6k $12.2m $12.2m 0.07% Added +49.1k +49,080
41 RHUMBLINE ADVISERS 0.01% of their portfolio BOSTON, MA 110,016110.0k $12.0m $12.0m 0.01% Added +2.6k +2,617
42 Slotnik Capital, LLC 4.82% of their portfolio DALLAS, TX 110,000110.0k $12.0m $12.0m 4.82% New
43 VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.11% of their portfolio AMSTERDAM, P7 107,090107.1k $11.6m $11.6m 0.11% Reduced -322.4k -322,358
44 Legal & General Group Plc 0.00% of their portfolio London, X0 106,860106.9k $11.6m $11.6m 0.00% Reduced -570 -570
45 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 105,153105.2k $11.4m $11.4m 0.01% Added +57.3k +57,290
46 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 104,004104.0k $11.3m $11.3m 0.00% Added +27.8k +27,773
47 Cinctive Capital Management LP 0.61% of their portfolio New York, NY 100,000100.0k $10.9m $10.9m 0.61% New
48 LORD, ABBETT & CO. LLC 0.03% of their portfolio JERSEY CITY, NJ 93,45993.5k $10.2m $10.2m 0.03% Added +4.8k +4,801
49 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 92,17092.2k $10.0m $10.0m 0.00% Reduced -14.6k -14,607
50 Man Group plc 0.02% of their portfolio LONDON, X0 90,00090.0k $9.8m $9.8m 0.02% Added +86.9k +86,892
51 PRUDENTIAL FINANCIAL INC 0.01% of their portfolio NEWARK, NJ 89,85289.9k $9.8m $9.8m 0.01% Reduced -23.2k -23,250
52 WATER ISLAND CAPITAL LLC 1.69% of their portfolio NEW YORK, NY 88,62788.6k $9.6m $9.6m 1.69% New
53 Fort Baker Capital Management LP 1.68% of their portfolio Larkspur, CA 88,24988.2k $9.6m $9.6m 1.68% New
54 TUDOR INVESTMENT CORP ET AL 0.07% of their portfolio STAMFORD, CT 86,43686.4k $9.4m $9.4m 0.07% New
55 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 85,16285.2k $9.3m $9.3m 0.01% Added +46.8k +46,843
56 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 85,01885.0k $9.2m $9.2m 0.00% Reduced -3.8k -3,830
57 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 79,29179.3k $8.6m $8.6m 0.00% Reduced -9.6k -9,586
58 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 78,56578.6k $8.5m $8.5m 0.00% Reduced -6.5k -6,525
59 Squarepoint Ops LLC 0.02% of their portfolio NEW YORK, NY 78,01978.0k $8.5m $8.5m 0.02% New
60 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 74,11874.1k $8.1m $8.1m 0.00% Added +16.9k +16,926
61 Swiss National Bank 0.00% of their portfolio ZURICH, V8 73,30073.3k $8.0m $8.0m 0.00% Reduced -1.9k -1,900
62 BCK CAPITAL MANAGEMENT LP 6.10% of their portfolio STAMFORD, CT 64,98865.0k $7.1m $7.1m 6.10% New
63 ABC ARBITRAGE SA 0.80% of their portfolio PARIS, I0 64,02964.0k $7.0m $7.0m 0.80% New
64 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 55,46655.5k $6.0m $6.0m 0.00% Reduced -8.2k -8,151
65 HARBOR CAPITAL ADVISORS, INC. 0.25% of their portfolio CHICAGO, IL 55,33155.3k $6.0m $6.0m 0.25% Added +1.6k +1,573
66 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 55,06955.1k $6.0m $6.0m 0.01% Added +490 +490
67 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio JUPITER, FL 54,33854.3k $5.9m $5.9m 0.02% Added +34.9k +34,878
68 Magnetar Financial LLC 0.03% of their portfolio EVANSTON, IL 53,39753.4k $5.8m $5.8m 0.03% New
69 CANADA LIFE ASSURANCE Co 0.01% of their portfolio WINNIPEG, A2 52,97053.0k $5.8m $5.8m 0.01% Reduced -191 -191
70 Meteora Capital, LLC 1.05% of their portfolio Boca Raton, FL 51,70051.7k $5.6m $5.6m 1.05% New
71 GLAZER CAPITAL, LLC 0.20% of their portfolio New York, NY 51,40051.4k $5.6m $5.6m 0.20% New
72 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio Boston, MA 48,77348.8k $5.3m $5.3m 0.00% Reduced -31.2k -31,171
73 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 48,46948.5k $5.3m $5.3m 0.00% Reduced -9.8k -9,753
74 PEREGRINE CAPITAL MANAGEMENT LLC 0.16% of their portfolio MINNEAPOLIS, MN 48,23748.2k $5.2m $5.2m 0.16% Reduced -44.3k -44,304
75 UniSuper Management Pty Ltd 0.03% of their portfolio Melbourne, Victoria, C3 46,02346.0k $5.0m $5.0m 0.03% Added +36.1k +36,115
76 GHP Investment Advisors, Inc. 0.21% of their portfolio Denver, CO 44,37244.4k $4.8m $4.8m 0.21% Added +639 +639
77 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 43,69743.7k $4.8m $4.8m 0.00% Reduced -13.8k -13,758
78 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 42,45342.5k $4.6m $4.6m 0.01% Added +22.0k +21,996
79 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 40,94840.9k $4.5m $4.5m 0.00% Reduced -5.4k -5,397
80 Eisler Capital Management Ltd. 0.15% of their portfolio LONDON, X0 40,34340.3k $4.4m $4.4m 0.15% New
81 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 39,98140.0k $4.3m $4.3m 0.00% Added +2.6k +2,621
82 ExodusPoint Capital Management, LP 0.05% of their portfolio NEW YORK, NY 39,25139.3k $4.3m $4.3m 0.05% New
83 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 38,58938.6k $4.2m $4.2m 0.00% Reduced -23.2k -23,201
84 TIG Advisors, LLC 0.22% of their portfolio New York, NY 37,29737.3k $4.1m $4.1m 0.22% New
85 GABELLI FUNDS LLC 0.03% of their portfolio Rye, NY 36,80036.8k $4.0m $4.0m 0.03% New
86 Adams Wealth Management 0.76% of their portfolio LOGAN, UT 36,61336.6k $4.0m $4.0m 0.76% Reduced -3.3k -3,349
87 CacheTech Inc. 0.73% of their portfolio LOGAN, UT 36,61336.6k $4.0m $4.0m 0.73% Reduced -3.3k -3,349
88 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 36,27136.3k $3.9m $3.9m 0.00% Added +63 +63
89 GSA CAPITAL PARTNERS LLP 0.27% of their portfolio LONDON, X0 36,00836.0k $3.9m $3.9m 0.27% Added +30.7k +30,718
90 ISTHMUS PARTNERS, LLC 0.45% of their portfolio MADISON, WI 35,53535.5k $3.9m $3.9m 0.45% Reduced -194 -194
91 AQR Arbitrage LLC 0.09% of their portfolio Greenwich, CT 34,83734.8k $3.8m $3.8m 0.09% New
92 ALGERT GLOBAL LLC 0.08% of their portfolio SAN FRANCISCO, CA 33,31033.3k $3.6m $3.6m 0.08% New
93 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 32,19932.2k $3.5m $3.5m 0.01% Added +18.0k +18,035
94 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio BOSTON, MA 31,57531.6k $3.4m $3.4m 0.00% New
95 Taconic Capital Advisors LP 0.39% of their portfolio NEW YORK, NY 31,32631.3k $3.4m $3.4m 0.39% Not comparable
96 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.08% of their portfolio HOUSTON, TX 31,04531.0k $3.4m $3.4m 0.08% Reduced -32.3k -32,320
97 Valmark Advisers, Inc. 0.05% of their portfolio AKRON, OH 30,00030.0k $3.3m $3.3m 0.05% Unchanged
98 INTECH INVESTMENT MANAGEMENT LLC 0.03% of their portfolio WEST PALM BEACH, FL 29,87029.9k $3.2m $3.2m 0.03% Reduced -7.0k -7,001
99 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 28,60028.6k $3.1m $3.1m 0.00% Added +17.0k +16,986
100 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 28,22828.2k $3.1m $3.1m 0.01% Reduced -282 -282