Gabelli Asset Fund (GABAX) NPORT-P The Gabelli Asset Fund (Mar 2024 report)

1

The

Gabelli

Asset

Fund

Schedule

of

Investments

—

March

31,

2024

(Unaudited)

Shares

Market

Value

COMMON

STOCKS

 —

99.5%

Aerospace

 —

0.7%

9,000‌

HEICO

Corp.

.............................................

$

1,719,000‌

9,125‌

L3Harris

Technologies

Inc.

.......................

1,944,537‌

4,850‌

Lockheed

Martin

Corp.

.............................

2,206,120‌

2,500‌

Mercury

Systems

Inc.†

.............................

73,750‌

5,800‌

Northrop

Grumman

Corp.

.........................

2,776,228‌

308,000‌

Rolls-Royce

Holdings

plc†

........................

1,658,763‌

12,200‌

RTX

Corp.

................................................

1,189,866‌

2,700‌

The

Boeing

Co.†

.......................................

521,073‌

12,089,337‌

Agriculture

 —

0.3%

76,000‌

Archer-Daniels-Midland

Co.

......................

4,773,560‌

19,500‌

The

Mosaic

Co.

........................................

632,970‌

5,406,530‌

Automotive

 —

1.4%

1,500‌

Daimler

Truck

Holding

AG

.........................

75,994‌

5,000‌

Ferrari

NV

................................................

2,179,700‌

318,850‌

Iveco

Group

NV†

......................................

4,747,080‌

126,200‌

PACCAR

Inc.

............................................

15,634,918‌

935‌

Tesla

Inc.†

................................................

164,364‌

40,000‌

Traton

SE

.................................................

1,438,754‌

2,800‌

Volkswagen

AG

........................................

427,743‌

24,668,553‌

Automotive:

Parts

and

Accessories

 —

3.8%

63,500‌

BorgWarner

Inc.

.......................................

2,205,990‌

72,800‌

Brembo

SpA

.............................................

932,273‌

278,000‌

Dana

Inc.

.................................................

3,530,600‌

260,340‌

Garrett

Motion

Inc.†

.................................

2,587,780‌

222,200‌

Genuine

Parts

Co.

.....................................

34,425,446‌

23,200‌

Modine

Manufacturing

Co.†

......................

2,208,408‌

13,000‌

Monro

Inc.

...............................................

410,020‌

16,600‌

O'Reilly

Automotive

Inc.†

.........................

18,739,408‌

30,000‌

Standard

Motor

Products

Inc.

...................

1,006,500‌

66,046,425‌

Aviation:

Parts

and

Services

 —

0.4%

20,000‌

Curtiss-Wright

Corp.

................................

5,118,800‌

45,000‌

Kaman

Corp.

............................................

2,064,150‌

15,000‌

Triumph

Group

Inc.†

................................

225,600‌

7,408,550‌

Broadcasting

 —

1.2%

500‌

Cogeco

Communications

Inc.

...................

22,177‌

16,800‌

Cogeco

Inc.

..............................................

705,710‌

30,000‌

Corus

Entertainment

Inc.,

Cl. B

.................

15,786‌

29,750‌

Liberty

Broadband

Corp.,

Cl. A†

................

1,699,320‌

64,580‌

Liberty

Broadband

Corp.,

Cl. C†

................

3,695,914‌

33,500‌

Liberty

Media

Corp.-Liberty

Formula

One,

Cl. A†

...................................................

1,967,790‌

39,100‌

Liberty

Media

Corp.-Liberty

Formula

One,

Cl. C†

...................................................

2,564,960‌

Shares

Market

Value

198,147‌

Liberty

Media

Corp.-Liberty

SiriusXM†

......

$

5,886,947‌

50,000‌

Liberty

Media

Corp.-Liberty

SiriusXM,

Cl. A†

...................................................

1,485,000‌

5,500‌

Nexstar

Media

Group

Inc.

.........................

947,595‌

30,000‌

Sinclair

Inc.

..............................................

404,100‌

16,000‌

TBS

Holdings

Inc.

.....................................

444,445‌

20,000‌

TEGNA

Inc.

..............................................

298,800‌

20,138,544‌

Building

and

Construction

 —

1.1%

44,150‌

Arcosa

Inc.

...............................................

3,790,719‌

1,850‌

Ashtead

Group

plc

....................................

131,692‌

33,200‌

Assa

Abloy

AB,

Cl. B

.................................

952,515‌

1,050‌

Cie

de

Saint-Gobain

SA

.............................

81,482‌

33,500‌

Fortune

Brands

Innovations

Inc.

...............

2,836,445‌

47,000‌

Herc

Holdings

Inc.

....................................

7,910,100‌

10,625‌

Johnson

Controls

International

plc

............

694,025‌

5,000‌

KBR

Inc.

..................................................

318,300‌

18,500‌

Knife

River

Corp.†

....................................

1,499,980‌

350‌

Lennar

Corp.,

Cl. A

...................................

60,193‌

1,000‌

Lennar

Corp.,

Cl. B

...................................

154,180‌

18,429,631‌

Business

Services

 —

2.8%

140,000‌

Clear

Channel

Outdoor

Holdings

Inc.†

.......

231,000‌

19,300‌

Ecolab

Inc.

...............................................

4,456,370‌

1,450‌

Jacobs

Solutions

Inc.

...............................

222,908‌

9,000‌

Live

Nation

Entertainment

Inc.†

................

951,930‌

59,950‌

Mastercard

Inc.,

Cl. A

...............................

28,870,122‌

30,000‌

The

Interpublic

Group

of

Companies

Inc.

..

978,900‌

2,275‌

United

Rentals

Inc.

...................................

1,640,525‌

17,200‌

V2X

Inc.†

.................................................

803,412‌

58,000‌

Vestis

Corp.

.............................................

1,117,660‌

35,350‌

Visa

Inc.,

Cl. A

..........................................

9,865,478‌

49,138,305‌

Cable

and

Satellite

 —

1.8%

35,000‌

AMC

Networks

Inc.,

Cl. A†

........................

424,550‌

4,900‌

Charter

Communications

Inc.,

Cl. A†

.........

1,424,087‌

354,300‌

Comcast

Corp.,

Cl. A

................................

15,358,905‌

17,000‌

EchoStar

Corp.,

Cl. A†

..............................

242,250‌

8,050‌

Naspers

Ltd.,

Cl. N

...................................

1,427,047‌

3,000‌

Prosus

NV

................................................

94,103‌

322,000‌

Rogers

Communications

Inc.,

Cl. B

...........

13,202,000‌

32,172,942‌

Communications

Equipment

 —

0.2%

77,000‌

Corning

Inc.

.............................................

2,537,920‌

1,450‌

QUALCOMM

Inc.

......................................

245,485‌

2,783,405‌

Computer

Hardware

 —

0.2%

12,400‌

Apple

Inc.

................................................

2,126,352‌

5,300‌

International

Business

Machines

Corp.

......

1,012,088‌

3,138,440‌

2

The

Gabelli

Asset

Fund

Schedule

of

Investments

(Continued)

—

March

31,

2024

(Unaudited)

Shares

Market

Value

COMMON

STOCKS

(Continued)

Computer

Software

and

Services

 —

1.9%

255‌

Accenture

plc,

Cl. A

..................................

$

88,386‌

420‌

Adobe

Inc.†

..............................................

211,932‌

10,600‌

Alphabet

Inc.,

Cl. A†

.................................

1,599,858‌

38,500‌

Alphabet

Inc.,

Cl. C†

.................................

5,862,010‌

250‌

Autodesk

Inc.†

.........................................

65,105‌

6,000‌

Cisco

Systems

Inc.

...................................

299,460‌

600‌

Dynatrace

Inc.†

........................................

27,864‌

450‌

Elastic

NV†

..............................................

45,108‌

23,000‌

Hewlett

Packard

Enterprise

Co.

.................

407,790‌

25,150‌

Meta

Platforms

Inc.,

Cl. A

.........................

12,212,337‌

11,450‌

Microsoft

Corp.

........................................

4,817,244‌

2,700‌

Oracle

Corp.

.............................................

339,147‌

1,200‌

Palantir

Technologies

Inc.,

Cl. A†

..............

27,612‌

515‌

Palo

Alto

Networks

Inc.†

..........................

146,327‌

50,000‌

PAR

Technology

Corp.†

............................

2,268,000‌

12,475‌

Rockwell

Automation

Inc.

.........................

3,634,342‌

1,275‌

Salesforce

Inc.

.........................................

384,004‌

900‌

Snowflake

Inc.,

Cl. A†

...............................

145,440‌

2,500‌

Unity

Software

Inc.†

.................................

66,750‌

32,648,716‌

Consumer

Products

 —

3.5%

25,000‌

Brunswick

Corp.

.......................................

2,413,000‌

10,350‌

Christian

Dior

SE

......................................

8,670,475‌

37,000‌

Church

&

Dwight

Co.

Inc.

.........................

3,859,470‌

336,100‌

Edgewell

Personal

Care

Co.

......................

12,986,904‌

88,150‌

Energizer

Holdings

Inc.

.............................

2,595,136‌

9,000‌

Essity

AB,

Cl. A

.........................................

214,406‌

40,000‌

Essity

AB,

Cl. B

.........................................

949,925‌

2,780‌

Givaudan

SA

............................................

12,379,531‌

28,000‌

Harley-Davidson

Inc.

................................

1,224,720‌

1,700‌

Hermes

International

SCA

.........................

4,339,350‌

3,500‌

National

Presto

Industries

Inc.

..................

293,300‌

20,350‌

Philip

Morris

International

Inc.

..................

1,864,467‌

28,450‌

Reckitt

Benckiser

Group

plc

......................

1,620,177‌

60,000‌

Sally

Beauty

Holdings

Inc.†

......................

745,200‌

40,000‌

Spectrum

Brands

Holdings

Inc.

................

3,560,400‌

3,700‌

The

Estee

Lauder

Companies

Inc.,

Cl. A

.....

570,355‌

13,500‌

The

Procter

&

Gamble

Co.

........................

2,190,375‌

1,200‌

Unilever

plc

..............................................

60,212‌

4,000‌

VF

Corp.

...................................................

61,360‌

31,000‌

Wolverine

World

Wide

Inc.

.......................

347,510‌

60,946,273‌

Consumer

Services

 —

0.6%

1,800‌

Allegion

plc

..............................................

242,478‌

3,200‌

Amazon.com

Inc.†

...................................

577,216‌

6,500‌

Avis

Budget

Group

Inc.

.............................

795,990‌

850‌

FedEx

Corp.

..............................................

246,279‌

17,200‌

IAC

Inc.†

..................................................

917,448‌

146,000‌

Rollins

Inc.

...............................................

6,755,420‌

Shares

Market

Value

3,650‌

Uber

Technologies

Inc.†

...........................

$

281,013‌

9,815,844‌

Diversified

Industrial

 —

6.5%

9,650‌

ABB

Ltd.,

ADR

..........................................

447,374‌

450‌

Acuity

Brands

Inc.

....................................

120,929‌

40,000‌

Ampco-Pittsburgh

Corp.†

.........................

86,800‌

5,000‌

Ardagh

Group

SA†

...................................

22,275‌

60,000‌

Avantor

Inc.†

...........................................

1,534,200‌

331,500‌

Bollore

SE

................................................

2,213,784‌

182,300‌

Crane

Co.

.................................................

24,634,199‌

6,550‌

Crane

NXT

Co.

..........................................

405,445‌

11,050‌

Eaton

Corp.

plc

.........................................

3,455,114‌

3,200‌

Emerson

Electric

Co.

................................

362,944‌

1,000‌

Enpro

Inc.

................................................

168,770‌

1,900‌

General

Electric

Co.

..................................

333,507‌

117,450‌

Greif

Inc.,

Cl. A

.........................................

8,109,922‌

1,300‌

GXO

Logistics

Inc.†

..................................

69,888‌

41,250‌

Honeywell

International

Inc.

......................

8,466,563‌

4,000‌

Hyster-Yale

Materials

Handling

Inc.

...........

256,680‌

16,700‌

Ingersoll

Rand

Inc.

...................................

1,585,665‌

168,200‌

ITT

Inc.

....................................................

22,880,246‌

13,500‌

Jardine

Matheson

Holdings

Ltd.

................

503,550‌

237,150‌

Myers

Industries

Inc.

................................

5,494,765‌

17,200‌

nVent

Electric

plc

......................................

1,296,880‌

10,000‌

Park-Ohio

Holdings

Corp.

.........................

266,800‌

25,500‌

Pentair

plc

................................................

2,178,720‌

325‌

Siemens

AG

.............................................

62,047‌

6,000‌

Sulzer

AG

.................................................

729,833‌

9,300‌

Svenska

Cellulosa

AB

SCA,

Cl. A

...............

142,663‌

36,000‌

Svenska

Cellulosa

AB

SCA,

Cl. B

...............

552,578‌

170,600‌

Textron

Inc.

..............................................

16,365,658‌

228,000‌

Toray

Industries

Inc.

.................................

1,092,858‌

10,800‌

Trane

Technologies

plc

.............................

3,242,160‌

200,500‌

Trinity

Industries

Inc.

................................

5,583,925‌

2,800‌

Waters

Corp.†

..........................................

963,844‌

113,630,586‌

Electronics

 —

4.0%

50,000‌

Flex

Ltd.†

.................................................

1,430,500‌

42,000‌

Kyocera

Corp.,

ADR

..................................

561,120‌

1,300‌

Mettler-Toledo

International

Inc.†

..............

1,730,677‌

375,000‌

Mirion

Technologies

Inc.†

.........................

4,263,750‌

213,000‌

Resideo

Technologies

Inc.†

......................

4,775,460‌

2,100‌

Samsung

Electronics

Co.

Ltd.,

GDR

..........

3,122,700‌

100‌

Samsung

Electronics

Co.

Ltd.,

New

York,

GDR

.....................................................

148,702‌

407,550‌

Sony

Group

Corp.,

ADR

............................

34,943,337‌

28,400‌

TE

Connectivity

Ltd.

..................................

4,124,816‌

70,125‌

Texas

Instruments

Inc.

.............................

12,216,476‌

4,315‌

Thermo

Fisher

Scientific

Inc.

.....................

2,507,921‌

69,825,459‌

3

The

Gabelli

Asset

Fund

Schedule

of

Investments

(Continued)

—

March

31,

2024

(Unaudited)

Shares

Market

Value

COMMON

STOCKS

(Continued)

Energy

and

Utilities

 —

3.2%

49,200‌

BP

plc,

ADR

.............................................

$

1,853,856‌

59,865‌

Chevron

Corp.

..........................................

9,443,105‌

34,000‌

ConocoPhillips

.........................................

4,327,520‌

84,500‌

Devon

Energy

Corp.

..................................

4,240,210‌

35,000‌

Dril-Quip

Inc.†

..........................................

788,550‌

27,000‌

Enbridge

Inc.

............................................

976,860‌

69,700‌

EOG

Resources

Inc.

..................................

8,910,448‌

53,000‌

Exxon

Mobil

Corp.

....................................

6,160,720‌

132,000‌

Halliburton

Co.

.........................................

5,203,440‌

200‌

Hess

Corp.

...............................................

30,528‌

20,000‌

Kinder

Morgan

Inc.

...................................

366,800‌

63,000‌

National

Fuel

Gas

Co.

................................

3,384,360‌

28,000‌

NextEra

Energy

Inc.

..................................

1,789,480‌

34,000‌

Occidental

Petroleum

Corp.

......................

2,209,660‌

55,000‌

PG&E

Corp.

..............................................

921,800‌

16,000‌

Schlumberger

NV

.....................................

876,960‌

1,300‌

Severn

Trent

plc

.......................................

40,528‌

5,700‌

Shell

plc,

ADR

..........................................

382,128‌

27,500‌

Southwest

Gas

Holdings

Inc.

....................

2,093,575‌

89,100‌

The

AES

Corp.

..........................................

1,597,563‌

3,707‌

Vitesse

Energy

Inc.

...................................

87,967‌

55,686,058‌

Entertainment

 —

5.5%

119,800‌

Atlanta

Braves

Holdings

Inc.,

Cl. A†

..........

5,019,620‌

330,771‌

Atlanta

Braves

Holdings

Inc.,

Cl. C†

..........

12,919,915‌

52,500‌

Fox

Corp.,

Cl. A

........................................

1,641,675‌

30,000‌

Fox

Corp.,

Cl. B

........................................

858,600‌

913,000‌

Grupo

Televisa

SAB,

ADR

.........................

2,921,600‌

13,934‌

Liberty

Media

Corp.-Liberty

Live,

Cl. A†

....

590,105‌

27,434‌

Liberty

Media

Corp.-Liberty

Live,

Cl. C†

....

1,202,158‌

151,720‌

Madison

Square

Garden

Entertainment

Corp.†

..................................................

5,948,941‌

123,383‌

Madison

Square

Garden

Sports

Corp.†

.....

22,766,631‌

100‌

Netflix

Inc.†

..............................................

60,733‌

191,250‌

Ollamani

SAB†

.........................................

345,468‌

356,891‌

Paramount

Global,

Cl. A

............................

7,790,931‌

60,000‌

Paramount

Global,

Cl. B

............................

706,200‌

175,920‌

Sphere

Entertainment

Co.†

.......................

8,634,154‌

1,475‌

Take-Two

Interactive

Software

Inc.†

..........

219,023‌

103,200‌

The

Walt

Disney

Co.

.................................

12,627,552‌

315,000‌

Vivendi

SE

................................................

3,432,361‌

901,950‌

Warner

Bros

Discovery

Inc.†

....................

7,874,023‌

95,559,690‌

Environmental

Services

 —

2.9%

7,500‌

Phinia

Inc.

................................................

288,225‌

176,300‌

Republic

Services

Inc.

..............................

33,750,872‌

1,200‌

Veralto

Corp.

............................................

106,392‌

74,000‌

Waste

Connections

Inc.

............................

12,728,740‌

Shares

Market

Value

18,500‌

Waste

Management

Inc.

...........................

$

3,943,275‌

50,817,504‌

Equipment

and

Supplies

 —

10.3%

2,225‌

3M

Co.

.....................................................

236,006‌

301,350‌

AMETEK

Inc.

............................................

55,116,915‌

21,000‌

Amphenol

Corp.,

Cl. A

..............................

2,422,350‌

14,200‌

AZZ

Inc.

...................................................

1,097,802‌

35,950‌

Crown

Holdings

Inc.

.................................

2,849,397‌

117,550‌

CTS

Corp.

................................................

5,500,164‌

4,600‌

Danaher

Corp.

..........................................

1,148,712‌

21,000‌

Distribution

Solutions

Group

Inc.†

............

745,080‌

323,250‌

Donaldson

Co.

Inc.

...................................

24,140,310‌

384,550‌

Flowserve

Corp.

.......................................

17,566,244‌

48,500‌

Graco

Inc.

................................................

4,532,810‌

11,000‌

Hubbell

Inc.

..............................................

4,565,550‌

72,850‌

IDEX

Corp.

...............................................

17,776,857‌

37,500‌

Interpump

Group

SpA

..............................

1,828,246‌

158,000‌

Mueller

Industries

Inc.

..............................

8,520,940‌

92,500‌

Sealed

Air

Corp.

.......................................

3,441,000‌

24,000‌

The

Manitowoc

Co.

Inc.†

..........................

339,360‌

46,650‌

The

Timken

Co.

........................................

4,078,610‌

16,000‌

The

Toro

Co.

............................................

1,466,080‌

68,000‌

The

Weir

Group

plc

..................................

1,735,406‌

29,000‌

Valmont

Industries

Inc.

.............................

6,620,120‌

58,600‌

Watts

Water

Technologies

Inc.,

Cl. A

.........

12,455,430‌

178,183,389‌

Financial

Services

 —

10.0%

40,000‌

AllianceBernstein

Holding

LP

....................

1,389,600‌

125,250‌

American

Express

Co.

...............................

28,518,172‌

1,300‌

Ameriprise

Financial

Inc.

...........................

569,972‌

7,400‌

Bank

of

America

Corp.

..............................

280,608‌

10,000‌

Barclays

plc

..............................................

23,123‌

64‌

Berkshire

Hathaway

Inc.,

Cl. A†

................

40,604,160‌

53,400‌

Blackstone

Inc.

.........................................

7,015,158‌

5,625‌

Brookfield

Asset

Management

Ltd.,

Cl. A

...

236,362‌

22,000‌

Brookfield

Corp.

.......................................

921,140‌

1,250‌

Capital

One

Financial

Corp.

.......................

186,113‌

21,250‌

Citigroup

Inc.

...........................................

1,343,850‌

1,500‌

EXOR

NV

.................................................

166,763‌

40,000‌

FTAI

Aviation

Ltd.

.....................................

2,692,000‌

50,000‌

GAM

Holding

AG†

....................................

14,498‌

30,800‌

Interactive

Brokers

Group

Inc.,

Cl. A

.........

3,440,668‌

2,050‌

Intercontinental

Exchange

Inc.

..................

281,732‌

28,000‌

Jefferies

Financial

Group

Inc.

....................

1,234,800‌

64,975‌

JPMorgan

Chase

&

Co.

.............................

13,014,492‌

76,700‌

KKR

&

Co.

Inc.

.........................................

7,714,486‌

2,000‌

Lazard

Inc.

...............................................

83,740‌

82,500‌

Loews

Corp.

.............................................

6,458,925‌

6,450‌

M&T

Bank

Corp.

.......................................

938,088‌

16,000‌

Marsh

&

McLennan

Companies

Inc.

..........

3,295,680‌

1,800‌

Nasdaq

Inc.

..............................................

113,580‌

4

The

Gabelli

Asset

Fund

Schedule

of

Investments

(Continued)

—

March

31,

2024

(Unaudited)

Shares

Market

Value

COMMON

STOCKS

(Continued)

Financial

Services

(Continued)

12,000‌

Popular

Inc.

.............................................

$

1,057,080‌

20,000‌

PROG

Holdings

Inc.

..................................

688,800‌

87,800‌

State

Street

Corp.

.....................................

6,788,696‌

9,750‌

T.

Rowe

Price

Group

Inc.

..........................

1,188,720‌

361,900‌

The

Bank

of

New

York

Mellon

Corp.

..........

20,852,678‌

20,000‌

The

Goldman

Sachs

Group

Inc.

.................

8,353,800‌

18,000‌

The

Hartford

Financial

Services

Group

Inc.

1,854,900‌

25,100‌

The

PNC

Financial

Services

Group

Inc.

......

4,056,160‌

9,000‌

Value

Line

Inc.

.........................................

364,500‌

142,800‌

Wells

Fargo

&

Co.

....................................

8,276,688‌

174,019,732‌

Food

and

Beverage

 —

12.7%

119,014‌

BellRing

Brands

Inc.†

...............................

7,025,396‌

604,400‌

Brown-Forman

Corp.,

Cl. A

.......................

32,002,980‌

85,450‌

Brown-Forman

Corp.,

Cl. B

.......................

4,410,929‌

67,000‌

Campbell

Soup

Co.

...................................

2,978,150‌

720,000‌

China

Mengniu

Dairy

Co.

Ltd.

...................

1,545,439‌

23,400‌

Coca-Cola

Europacific

Partners

plc

............

1,636,830‌

15,400‌

Coca-Cola

HBC

AG

...................................

486,511‌

22,000‌

Conagra

Brands

Inc.

.................................

652,080‌

5,800‌

Constellation

Brands

Inc.,

Cl. A

.................

1,576,208‌

24,000‌

Crimson

Wine

Group

Ltd.†

.......................

138,960‌

83,100‌

Danone

SA

...............................................

5,369,284‌

20,000‌

Davide

Campari-Milano

NV

.......................

200,968‌

1,000‌

Diageo

plc

................................................

37,270‌

190,750‌

Diageo

plc,

ADR

.......................................

28,372,155‌

60,000‌

Farmer

Brothers

Co.†

...............................

214,200‌

202,200‌

Flowers

Foods

Inc.

...................................

4,802,250‌

30,600‌

Fomento

Economico

Mexicano

SAB

de

CV,

ADR

.....................................................

3,986,262‌

69,000‌

General

Mills

Inc.

.....................................

4,827,930‌

1,386,000‌

Grupo

Bimbo

SAB

de

CV,

Cl. A

..................

6,542,117‌

10,500‌

Heineken

Holding

NV

................................

847,329‌

74,150‌

Heineken

NV

............................................

7,146,908‌

19,350‌

Heineken

NV,

ADR

....................................

935,186‌

128,050‌

ITO

EN

Ltd.

..............................................

3,128,081‌

7,000‌

John

Bean

Technologies

Corp.

..................

734,230‌

18,800‌

Kellanova

.................................................

1,077,052‌

56,500‌

Kerry

Group

plc,

Cl. A

...............................

4,909,927‌

450‌

Kerry

Group

plc,

Cl. A

...............................

38,567‌

788,250‌

Kikkoman

Corp.

........................................

10,080,935‌

16,785‌

LVMH

Moet

Hennessy

Louis

Vuitton

SE

....

15,097,054‌

54,000‌

Maple

Leaf

Foods

Inc.

..............................

885,416‌

37,000‌

MEIJI

Holdings

Co.

Ltd.

............................

806,580‌

148,000‌

Mondelēz

International

Inc.,

Cl. A

..............

10,360,000‌

86,000‌

Morinaga

Milk

Industry

Co.

Ltd.

................

1,757,154‌

19,500‌

National

Beverage

Corp.†

.........................

925,470‌

39,500‌

Nestlé

SA

.................................................

4,193,741‌

280,800‌

Nissin

Foods

Holdings

Co.

Ltd.

.................

7,735,077‌

Shares

Market

Value

48,250‌

PepsiCo

Inc.

.............................................

$

8,444,233‌

44,850‌

Pernod

Ricard

SA

.....................................

7,255,544‌

67,200‌

Post

Holdings

Inc.†

..................................

7,142,016‌

60,800‌

Remy

Cointreau

SA

..................................

6,129,111‌

16,450‌

Suntory

Beverage

&

Food

Ltd.

..................

555,505‌

2,500‌

The

Boston

Beer

Co.

Inc.,

Cl. A†

...............

761,050‌

17,700‌

The

Coca-Cola

Co.

....................................

1,082,886‌

18,900‌

The

J.M.

Smucker

Co.

..............................

2,378,943‌

90,000‌

The

Kraft

Heinz

Co.

...................................

3,321,000‌

210,000‌

Tingyi

(Cayman

Islands)

Holding

Corp.

.....

230,206‌

24,978‌

Tootsie

Roll

Industries

Inc.

.......................

800,029‌

5,000‌

TreeHouse

Foods

Inc.†

.............................

194,750‌

5,000‌

WK

Kellogg

Co.

........................................

94,000‌

203,300‌

Yakult

Honsha

Co.

Ltd.

.............................

4,152,488‌

220,006,387‌

Health

Care

 —

5.8%

8,000‌

Abbott

Laboratories

..................................

909,280‌

23,700‌

AbbVie

Inc.

..............................................

4,315,770‌

26,915‌

Amgen

Inc.

..............................................

7,652,473‌

11,100‌

AstraZeneca

plc,

ADR

...............................

752,025‌

35,000‌

Bausch

+

Lomb

Corp.†

.............................

605,500‌

9,000‌

Bausch

Health

Cos.

Inc.†

..........................

95,490‌

41,200‌

Baxter

International

Inc.

............................

1,760,888‌

7,900‌

Biogen

Inc.†

.............................................

1,703,477‌

850‌

BioMarin

Pharmaceutical

Inc.†

.................

74,239‌

6,000‌

Bio-Rad

Laboratories

Inc.,

Cl. A†

..............

2,075,220‌

74,450‌

Bristol-Myers

Squibb

Co.

..........................

4,037,424‌

25,000‌

Catalent

Inc.†

...........................................

1,411,250‌

8,800‌

Cencora

Inc.

.............................................

2,138,312‌

2,000‌

Charles

River

Laboratories

International

Inc.†

.....................................................

541,900‌

7,300‌

Chemed

Corp.

..........................................

4,686,089‌

7,200‌

CONMED

Corp.

........................................

576,576‌

5,000‌

DaVita

Inc.†

.............................................

690,250‌

102,300‌

Demant

A/S†

............................................

5,075,161‌

30,000‌

DENTSPLY

SIRONA

Inc.

...........................

995,700‌

4,000‌

Elevance

Health

Inc.

.................................

2,074,160‌

340‌

Eli

Lilly

&

Co.

...........................................

264,506‌

118,000‌

Evolent

Health

Inc.,

Cl. A†

.........................

3,869,220‌

13,900‌

Fortrea

Holdings

Inc.†

..............................

557,946‌

4,350‌

Gerresheimer

AG

......................................

489,949‌

1,400‌

Guardant

Health

Inc.†

...............................

28,882‌

10,750‌

Haleon

plc

................................................

45,195‌

15,000‌

Halozyme

Therapeutics

Inc.†

....................

610,200‌

21,830‌

HCA

Healthcare

Inc.

..................................

7,280,960‌

83,336‌

Henry

Schein

Inc.†

...................................

6,293,535‌

460‌

Humana

Inc.

............................................

159,491‌

1,500‌

ICU

Medical

Inc.†

.....................................

160,980‌

4,500‌

Indivior

plc†

.............................................

96,214‌

13,000‌

Integer

Holdings

Corp.†

............................

1,516,840‌

22,300‌

Johnson

&

Johnson

.................................

3,527,637‌

5

The

Gabelli

Asset

Fund

Schedule

of

Investments

(Continued)

—

March

31,

2024

(Unaudited)

Shares

Market

Value

COMMON

STOCKS

(Continued)

Health

Care

(Continued)

10,000‌

Laboratory

Corp.

of

America

Holdings

.......

$

2,184,600‌

3,000‌

McKesson

Corp.

.......................................

1,610,550‌

19,700‌

Medtronic

plc

...........................................

1,716,855‌

41,400‌

Merck

&

Co.

Inc.

......................................

5,462,730‌

950‌

Moderna

Inc.†

..........................................

101,232‌

65,000‌

Option

Care

Health

Inc.†

...........................

2,180,100‌

17,500‌

Perrigo

Co.

plc

.........................................

563,325‌

14,000‌

QuidelOrtho

Corp.†

...................................

671,160‌

550‌

Regeneron

Pharmaceuticals

Inc.†

.............

529,369‌

40,000‌

Roche

Holding

AG,

ADR

...........................

1,276,800‌

6,900‌

Stryker

Corp.

............................................

2,469,303‌

28,794‌

Tenet

Healthcare

Corp.†

............................

3,026,537‌

8,500‌

The

Cigna

Group

......................................

3,087,115‌

20,000‌

The

Cooper

Companies

Inc.

......................

2,029,200‌

1,560‌

UnitedHealth

Group

Inc.

...........................

771,732‌

3,800‌

Vertex

Pharmaceuticals

Inc.†

....................

1,588,438‌

20,350‌

Zimmer

Biomet

Holdings

Inc.

...................

2,685,793‌

7,450‌

Zoetis

Inc.

................................................

1,260,615‌

100,288,193‌

Hotels

and

Gaming

 —

1.0%

10,000‌

Accor

SA

..................................................

467,142‌

15,000‌

Caesars

Entertainment

Inc.†

.....................

656,100‌

2,000‌

Churchill

Downs

Inc.

................................

247,500‌

3,000‌

Entain

plc

.................................................

30,193‌

225‌

Flutter

Entertainment

plc†

.........................

44,841‌

310,000‌

Genting

Singapore

Ltd.

.............................

203,185‌

8,000‌

Hyatt

Hotels

Corp.,

Cl. A

...........................

1,276,960‌

2,594,100‌

Mandarin

Oriental

International

Ltd.

..........

4,033,825‌

149,350‌

MGM

Resorts

International†

.....................

7,050,813‌

15,500‌

Ryman

Hospitality

Properties

Inc.,

REIT

....

1,791,955‌

783,000‌

The

Hongkong

&

Shanghai

Hotels

Ltd.†

....

595,236‌

19,000‌

Universal

Entertainment

Corp.

...................

241,736‌

3,000‌

Wyndham

Hotels

&

Resorts

Inc.

...............

230,250‌

6,200‌

Wynn

Resorts

Ltd.

...................................

633,826‌

17,503,562‌

Machinery

 —

6.6%

22,000‌

Astec

Industries

Inc.

.................................

961,620‌

95,920‌

Caterpillar

Inc.

..........................................

35,147,966‌

1,457,150‌

CNH

Industrial

NV

....................................

18,884,664‌

112,000‌

Deere

&

Co.

.............................................

46,002,880‌

5,000‌

Generac

Holdings

Inc.†

............................

630,700‌

13,000‌

Mueller

Water

Products

Inc.,

Cl. A

.............

209,170‌

96,000‌

Xylem

Inc.

................................................

12,407,040‌

114,244,040‌

Manufactured

Housing

and

Recreational

Vehicles

 —

0.3%

9,690‌

Cavco

Industries

Inc.†

..............................

3,866,891‌

825‌

Nobility

Homes

Inc.

..................................

26,817‌

Shares

Market

Value

21,000‌

Skyline

Champion

Corp.†

.........................

$

1,785,210‌

5,678,918‌

Metals

and

Mining

 —

2.6%

46,850‌

Agnico

Eagle

Mines

Ltd.

...........................

2,794,602‌

600‌

Anglo

American

plc

..................................

14,781‌

147,400‌

Barrick

Gold

Corp.

....................................

2,452,736‌

55,500‌

Franco-Nevada

Corp.

................................

6,613,380‌

105,350‌

Freeport-McMoRan

Inc.

............................

4,953,557‌

18,000‌

Kinross

Gold

Corp.

...................................

110,340‌

15,000‌

MP

Materials

Corp.†

.................................

214,500‌

374,450‌

Newmont

Corp.

........................................

13,420,288‌

99,000‌

Royal

Gold

Inc.

.........................................

12,059,190‌

73,750‌

Wheaton

Precious

Metals

Corp.

................

3,475,838‌

46,109,212‌

Publishing

 —

1.5%

111,000‌

News

Corp.,

Cl. A

.....................................

2,905,980‌

54,650‌

S&P

Global

Inc.

........................................

23,250,842‌

106,000‌

The

E.W.

Scripps

Co.,

Cl. A†

.....................

416,580‌

26,573,402‌

Real

Estate

 —

0.7%

14,000‌

American

Tower

Corp.,

REIT

.....................

2,766,260‌

2,200‌

Prologis

Inc.,

REIT

...................................

286,484‌

131,500‌

The

St.

Joe

Co.

.........................................

7,623,055‌

35,000‌

Weyerhaeuser

Co.,

REIT

...........................

1,256,850‌

11,932,649‌

Retail

 —

2.6%

56,100‌

AutoNation

Inc.†

......................................

9,289,038‌

700‌

AutoZone

Inc.†

.........................................

2,206,155‌

19,000‌

CarMax

Inc.†

............................................

1,655,090‌

20,632‌

Costco

Wholesale

Corp.

............................

15,115,622‌

97,600‌

CVS

Health

Corp.

......................................

7,784,576‌

2,250‌

Dollar

Tree

Inc.†

.......................................

299,588‌

1,100‌

Lowe's

Companies

Inc.

.............................

280,203‌

1,050‌

McDonald's

Corp.

.....................................

296,047‌

1,400‌

NIKE

Inc.,

Cl. B

.........................................

131,572‌

1,900‌

Restaurant

Brands

International

Inc.

.........

150,955‌

15,000‌

Rush

Enterprises

Inc.,

Cl. B

......................

799,350‌

1,825‌

Starbucks

Corp.

.......................................

166,787‌

2,550‌

The

Home

Depot

Inc.

................................

978,180‌

84,000‌

The

Kroger

Co.

.........................................

4,798,920‌

30,000‌

Walgreens

Boots

Alliance

Inc.

...................

650,700‌

7,110‌

Walmart

Inc.

............................................

427,809‌

1,650‌

Zalando

SE†

.............................................

47,155‌

45,077,747‌

Semiconductors

 —

0.1%

1,350‌

Advanced

Micro

Devices

Inc.†

..................

243,661‌

385‌

Broadcom

Inc.

.........................................

510,283‌

800‌

Infineon

Technologies

AG

.........................

27,200‌

7,900‌

Intel

Corp.

................................................

348,943‌

6

The

Gabelli

Asset

Fund

Schedule

of

Investments

(Continued)

—

March

31,

2024

(Unaudited)

Shares

Market

Value

COMMON

STOCKS

(Continued)

Semiconductors

(Continued)

800‌

Micron

Technology

Inc.

............................

$

94,312‌

1,224,399‌

Specialty

Chemicals

 —

0.3%

1,100‌

Air

Products

and

Chemicals

Inc.

...............

266,497‌

22,000‌

DuPont

de

Nemours

Inc.

..........................

1,686,740‌

36,000‌

H.B.

Fuller

Co.

..........................................

2,870,640‌

18,000‌

Sensient

Technologies

Corp.

.....................

1,245,420‌

6,069,297‌

Telecommunications

 —

1.4%

2,200‌

AT&T

Inc.

.................................................

38,720‌

155,250‌

Deutsche

Telekom

AG,

ADR

......................

3,758,603‌

52,000‌

GCI

Liberty

Inc.,

Escrow†(a)

.....................

0‌

14,000‌

Hellenic

Telecommunications

Organization

SA

........................................................

206,470‌

23,400‌

Hellenic

Telecommunications

Organization

SA,

ADR

...............................................

168,012‌

133,500‌

Liberty

Global

Ltd.,

Cl. A†

.........................

2,258,820‌

218,750‌

Liberty

Global

Ltd.,

Cl. C†

.........................

3,858,750‌

5,600‌

Orange

SA,

ADR

.......................................

65,912‌

7,300‌

SoftBank

Group

Corp.,

ADR

......................

216,883‌

2,285,200‌

Telecom

Italia

SpA†

..................................

554,959‌

36,000‌

Telefonica

Brasil

SA,

ADR

.........................

362,520‌

269,000‌

Telefonica

SA,

ADR

...................................

1,186,290‌

626,300‌

Telephone

and

Data

Systems

Inc.

..............

10,033,326‌

77,900‌

Telesat

Corp.†

..........................................

669,940‌

18,700‌

TIM

SA,

ADR

............................................

331,925‌

10,000‌

VEON

Ltd.,

ADR†

.....................................

240,100‌

7,650‌

Verizon

Communications

Inc.

...................

320,994‌

24,272,224‌

Transportation

 —

1.3%

10,000‌

Canadian

Pacific

Kansas

City

Ltd.

..............

881,700‌

155,500‌

GATX

Corp.

..............................................

20,841,665‌

900‌

Union

Pacific

Corp.

...................................

221,337‌

21,944,702‌

Wireless

Communications

 —

0.3%

61,750‌

America

Movil

SAB

de

CV,

ADR

.................

1,152,255‌

215,000‌

Operadora

De

Sites

Mexicanos

SAB

de

CV

261,241‌

20,885‌

T-Mobile

US

Inc.

......................................

3,408,850‌

14,500‌

United

States

Cellular

Corp.†

....................

529,250‌

5,351,596‌

TOTAL

COMMON

STOCKS

..................

1,728,830,241‌

CLOSED-END

FUNDS

 —

0.1%

2,000‌

Altaba

Inc.,

Escrow†

.................................

4,800‌

10,700‌

Royce

Global

Value

Trust

Inc.

...................

114,383‌

78,000‌

Royce

Value

Trust

Inc.

..............................

1,183,260‌

TOTAL

CLOSED-END

FUNDS

................

1,302,443‌

Shares

Market

Value

PREFERRED

STOCKS

 —

0.0%

Electronics

 —

0.0%

95‌

WESCO

International

Inc.,

Ser.

A,

10.625%

$

2,499‌

Principal

Amount

U.S.

GOVERNMENT

OBLIGATIONS

 —

0.4%

$

7,450,000‌

U.S.

Treasury

Bills,

5.279%

to

5.313%††,

06/06/24

to

06/27/24

............................

7,369,263‌

TOTAL

INVESTMENTS

—

100.0%

(Cost

$407,974,050)

.............................

$

1,737,504,446‌

(a)

Security

is

valued

using

significant

unobservable

inputs

and

is

classified

as

Level

3

in

the

fair

value

hierarchy.

†

Non-income

producing

security.

††

Represents

annualized

yields

at

dates

of

purchase.

ADR

American

Depositary

Receipt

GDR

Global

Depositary

Receipt

REIT

Real

Estate

Investment

Trust