Gabelli Asset Fund NPORTP The Gabelli Asset Fund (Sep 2024 report)

The

Gabelli

Asset

Fund

Schedule

Investments

—

September

30,

2024

(Unaudited)

Market

Value

COMMON

STOCKS

—

99.3%

Aerospace

—

0.9%

600‌

Airbus

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

87,641‌

8,500‌

HEICO

Corp.

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

2,222,580‌

5,000‌

Hexcel

Corp.

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

309,150‌

8,675‌

L3Harris

Technologies

Inc.

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

2,063,522‌

4,850‌

Lockheed

Martin

Corp.

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

2,835,116‌

5,750‌

Northrop

Grumman

Corp.

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

3,036,402‌

297,000‌

Rolls-Royce

Holdings

plc†

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

2,093,375‌

10,750‌

RTX

Corp.

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

1,302,470‌

2,950‌

The

Boeing

Co.†

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

448,518‌

14,398,774‌

Agriculture

—

0.2%

36,500‌

Archer-Daniels-Midland

Co.

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

2,180,510‌

19,200‌

The

Mosaic

Co.

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

514,176‌

2,694,686‌

Automotive

—

1.2%

1,500‌

Daimler

Truck

Holding

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

56,153‌

5,000‌

Ferrari

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

2,350,550‌

331,850‌

Iveco

Group

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

3,331,239‌

126,200‌

PACCAR

Inc.

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

12,453,416‌

550‌

Polaris

Inc.

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

45,782‌

750‌

Tesla

Inc.†

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

196,222‌

36,800‌

Traton

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

1,204,339‌

2,800‌

Volkswagen

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

312,617‌

19,950,318‌

Automotive:

Parts

and

Accessories

—

3.5%

13,756‌

Aptiv

plc†

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

990,569‌

8,000‌

Atmus

Filtration

Technologies

Inc.

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

300,240‌

62,500‌

BorgWarner

Inc.

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

2,268,125‌

72,800‌

Brembo

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

796,840‌

276,500‌

Dana

Inc.

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

2,919,840‌

80,000‌

Dowlais

Group

plc

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

62,409‌

260,911‌

Garrett

Motion

Inc.†

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

2,134,252‌

210,000‌

Genuine

Parts

Co.

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

29,332,800‌

10,200‌

Modine

Manufacturing

Co.†

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

1,354,458‌

16,000‌

Monro

Inc.

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

461,760‌

14,800‌

O'Reilly

Automotive

Inc.†

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

17,043,680‌

30,000‌

Standard

Motor

Products

Inc.

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

996,000‌

58,660,973‌

Aviation:

Parts

and

Services

—

0.4%

19,000‌

Curtiss-Wright

Corp.

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

6,245,110‌

63,000‌

Triumph

Group

Inc.†

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

812,070‌

7,057,180‌

Broadcasting

—

1.0%

500‌

Cogeco

Communications

Inc.

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

26,434‌

16,800‌

Cogeco

Inc.

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

743,078‌

15,000‌

Corus

Entertainment

Inc.,

Cl. B†

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

1,840‌

22,900‌

Liberty

Broadband

Corp.,

Cl. A†

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

1,759,178‌

31,830‌

Liberty

Broadband

Corp.,

Cl. C†

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

2,460,141‌

Market

Value

34,000‌

Liberty

Media

Corp.-Liberty

Formula

One,

Cl. A†

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

2,432,020‌

40,506‌

Liberty

Media

Corp.-Liberty

Formula

One,

Cl. C†

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

3,136,380‌

5,500‌

Nexstar

Media

Group

Inc.

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

909,425‌

21,000‌

Sinclair

Inc.

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

321,300‌

197,773‌

Sirius

Holdings

Inc.

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

4,677,334‌

16,000‌

TBS

Holdings

Inc.

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

433,828‌

20,000‌

TEGNA

Inc.

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

315,600‌

17,216,558‌

Building

and

Construction

—

1.1%

35,450‌

Arcosa

Inc.

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

3,359,242‌

33,200‌

Assa

Abloy

AB,

Cl. B

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

1,116,708‌

2,000‌

Builders

FirstSource

Inc.†

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

387,720‌

325‌

Cie

Saint-Gobain

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

29,564‌

33,500‌

Fortune

Brands

Innovations

Inc.

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

2,999,255‌

45,400‌

Herc

Holdings

Inc.

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

7,238,122‌

10,625‌

Johnson

Controls

International

plc

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

824,607‌

5,000‌

KBR

Inc.

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

325,650‌

18,000‌

Knife

River

Corp.†

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

1,609,020‌

600‌

Lennar

Corp.,

Cl. A

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

112,488‌

1,200‌

Lennar

Corp.,

Cl. B

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

207,528‌

5,000‌

Masterbrand

Inc.†

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

92,700‌

18,302,604‌

Business

Services

—

2.9%

300,000‌

Clear

Channel

Outdoor

Holdings

Inc.†

.......

480,000‌

19,300‌

Ecolab

Inc.

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

4,927,869‌

1,750‌

Jacobs

Solutions

Inc.

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

229,075‌

14,200‌

Live

Nation

Entertainment

Inc.†

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

1,554,758‌

55,560‌

Mastercard

Inc.,

Cl. A

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

27,435,528‌

20,000‌

The

Interpublic

Group

Companies

Inc.

632,600‌

3,000‌

U-Haul

Holding

Co.†

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

232,440‌

17,500‌

Solutions

Inc.,

Cl. A

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

862,750‌

2,075‌

United

Rentals

Inc.

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

1,680,190‌

12,200‌

V2X

Inc.†

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

681,492‌

45,000‌

Vestis

Corp.

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

670,500‌

33,125‌

Visa

Inc.,

Cl. A

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

9,107,719‌

48,494,921‌

Cable

and

Satellite

—

1.6%

35,000‌

AMC

Networks

Inc.,

Cl. A†

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

304,150‌

1,000‌

Charter

Communications

Inc.,

Cl. A†

.........

324,080‌

303,200‌

Comcast

Corp.,

Cl. A

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

12,664,664‌

8,050‌

Naspers

Ltd.,

Cl. N

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

1,954,504‌

3,000‌

Prosus

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

131,107‌

308,600‌

Rogers

Communications

Inc.,

Cl. B

...........

12,408,806‌

27,787,311‌

Communications

Equipment

—

0.2%

73,000‌

Corning

Inc.

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

3,295,950‌

1,425‌

QUALCOMM

Inc.

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

242,321‌

3,538,271‌

The

Gabelli

Asset

Fund

Schedule

Investments

(Continued)

—

September

30,

2024

(Unaudited)

Market

Value

COMMON

STOCKS

(Continued)

Computer

Hardware

—

0.2%

12,255‌

Apple

Inc.

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

2,855,415‌

450‌

Dell

Technologies

Inc.,

Cl. C

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

53,343‌

4,500‌

International

Business

Machines

Corp.

......

994,860‌

3,903,618‌

Computer

Software

and

Services

—

1.8%

395‌

Adobe

Inc.†

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

204,523‌

9,975‌

Alphabet

Inc.,

Cl. A

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

1,654,354‌

34,500‌

Alphabet

Inc.,

Cl. C

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

5,768,055‌

2,150‌

Amentum

Holdings

Inc.†

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

69,338‌

500‌

Aspen

Technology

Inc.†

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

119,410‌

610‌

Autodesk

Inc.†

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

168,043‌

5,700‌

Cisco

Systems

Inc.

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

303,354‌

605‌

CrowdStrike

Holdings

Inc.,

Cl. A†

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

169,684‌

48,900‌

Hewlett

Packard

Enterprise

Co.

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

1,000,494‌

15,610‌

Meta

Platforms

Inc.,

Cl. A

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

8,935,788‌

10,800‌

Microsoft

Corp.

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

4,647,240‌

1,700‌

Oracle

Corp.

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

289,680‌

605‌

Palo

Alto

Networks

Inc.†

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

206,789‌

50,000‌

PAR

Technology

Corp.†

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

2,604,000‌

11,100‌

Rockwell

Automation

Inc.

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

2,979,906‌

1,475‌

Salesforce

Inc.

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

403,722‌

1,150‌

Snowflake

Inc.,

Cl. A†

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

132,089‌

29,656,469‌

Consumer

Products

—

3.7%

25,000‌

Brunswick

Corp.

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

2,095,500‌

10,150‌

Christian

Dior

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

7,327,059‌

36,400‌

Church

Dwight

Co.

Inc.

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

3,811,808‌

270,100‌

Edgewell

Personal

Care

Co.

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

9,815,434‌

79,150‌

Energizer

Holdings

Inc.

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

2,513,804‌

8,000‌

Essity

AB,

Cl. A

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

250,102‌

40,000‌

Essity

AB,

Cl. B

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

1,248,148‌

2,757‌

Givaudan

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

15,114,882‌

28,000‌

Harley-Davidson

Inc.

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

1,078,840‌

1,700‌

Hermes

International

SCA

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

4,174,535‌

3,500‌

National

Presto

Industries

Inc.

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

262,990‌

20,350‌

Philip

Morris

International

Inc.

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

2,470,490‌

200‌

Prestige

Consumer

Healthcare

Inc.†

.........

14,420‌

28,450‌

Reckitt

Benckiser

Group

plc

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

1,740,918‌

44,000‌

Sally

Beauty

Holdings

Inc.†

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

597,080‌

70,000‌

Spectrum

Brands

Holdings

Inc.

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

6,659,800‌

3,700‌

The

Estee

Lauder

Companies

Inc.,

Cl. A

.....

368,853‌

12,069‌

The

Procter

Gamble

Co.

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

2,090,351‌

1,200‌

Unilever

plc

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

77,634‌

1,400‌

Corp.

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

27,930‌

31,000‌

Wolverine

World

Wide

Inc.

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

540,020‌

62,280,598‌

Consumer

Services

—

0.6%

1,800‌

Allegion

plc

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

262,332‌

3,250‌

Amazon.com

Inc.†

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

605,572‌

Market

Value

8,000‌

Avis

Budget

Group

Inc.

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

700,720‌

800‌

FedEx

Corp.

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

218,944‌

17,000‌

IAC

Inc.†

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

914,940‌

143,500‌

Rollins

Inc.

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

7,258,230‌

3,615‌

Topgolf

Callaway

Brands

Corp.†

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

39,693‌

3,500‌

Uber

Technologies

Inc.†

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

263,060‌

10,263,491‌

Diversified

Industrial

—

6.7%

9,500‌

ABB

Ltd.,

ADR

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

550,240‌

450‌

Acuity

Brands

Inc.

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

123,926‌

34,000‌

Ampco-Pittsburgh

Corp.†

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

68,000‌

14,000‌

Ardagh

Group

SA†

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

67,410‌

55,000‌

Avantor

Inc.†

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

1,422,850‌

5,000‌

Barnes

Group

Inc.

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

202,050‌

331,500‌

Bollore

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

2,208,520‌

166,900‌

Crane

Co.

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

26,416,932‌

6,550‌

Crane

NXT

Co.

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

367,455‌

3,625‌

Eaton

Corp.

plc

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

1,201,470‌

3,400‌

Emerson

Electric

Co.

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

371,858‌

1,000‌

Enpro

Inc.

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

162,180‌

13,800‌

General

Electric

Co.

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

2,602,404‌

116,750‌

Greif

Inc.,

Cl. A

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

7,315,555‌

2,100‌

GXO

Logistics

Inc.†

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

109,347‌

35,075‌

Honeywell

International

Inc.

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

7,250,353‌

3,700‌

Hyster-Yale

Inc.

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

235,949‌

16,000‌

Ingersoll

Rand

Inc.

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

1,570,560‌

157,200‌

ITT

Inc.

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

23,502,972‌

11,900‌

Jardine

Matheson

Holdings

Ltd.

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

464,814‌

236,650‌

Myers

Industries

Inc.

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

3,270,503‌

16,500‌

nVent

Electric

plc

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

1,159,290‌

10,000‌

Park-Ohio

Holdings

Corp.

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

307,000‌

24,500‌

Pentair

plc

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

2,395,855‌

325‌

Siemens

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

65,604‌

6,000‌

Sulzer

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

981,154‌

9,300‌

Svenska

Cellulosa

SCA,

Cl. A

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

134,978‌

36,000‌

Svenska

Cellulosa

SCA,

Cl. B

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

524,447‌

173,300‌

Textron

Inc.

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

15,350,914‌

220,000‌

Toray

Industries

Inc.

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

1,290,687‌

7,600‌

Trane

Technologies

plc

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

2,954,348‌

50,000‌

Tredegar

Corp.†

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

364,500‌

184,500‌

Trinity

Industries

Inc.

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

6,427,980‌

2,800‌

Waters

Corp.†

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

1,007,692‌

112,449,797‌

Electronics

—

4.3%

10,000‌

Flex

Ltd.†

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

334,300‌

42,000‌

Kyocera

Corp.,

ADR

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

488,040‌

1,300‌

Mettler-Toledo

International

Inc.†

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

1,949,610‌

333,000‌

Mirion

Technologies

Inc.†

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

3,686,310‌

208,000‌

Resideo

Technologies

Inc.†

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

4,189,120‌

2,100‌

Samsung

Electronics

Co.

Ltd.,

GDR

..........

2,454,900‌

The

Gabelli

Asset

Fund

Schedule

Investments

(Continued)

—

September

30,

2024

(Unaudited)

Market

Value

COMMON

STOCKS

(Continued)

Electronics

(Continued)

100‌

Samsung

Electronics

Co.

Ltd.,

New

York,

GDR

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

123,430‌

390,850‌

Sony

Group

Corp.,

ADR

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

37,744,385‌

25,900‌

Connectivity

plc

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

3,910,641‌

73,000‌

Texas

Instruments

Inc.

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

15,079,610‌

3,800‌

Thermo

Fisher

Scientific

Inc.

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

2,350,566‌

72,310,912‌

Energy

and

Utilities

—

3.1%

2,100‌

APA

Corp.

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

51,366‌

44,000‌

plc,

ADR

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

1,381,160‌

3,000‌

ChampionX

Corp.

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

90,450‌

49,990‌

Chevron

Corp.

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

7,362,027‌

34,000‌

ConocoPhillips

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

3,579,520‌

84,500‌

Devon

Energy

Corp.

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

3,305,640‌

288‌

Diamondback

Energy

Inc.

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

49,651‌

6,600‌

E.ON

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

98,116‌

27,000‌

Enbridge

Inc.

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

1,096,470‌

67,300‌

EOG

Resources

Inc.

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

8,273,189‌

53,800‌

Exxon

Mobil

Corp.

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

6,306,436‌

110,000‌

Halliburton

Co.

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

3,195,500‌

33,700‌

Innovex

International

Inc.†

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

494,716‌

20,000‌

Kinder

Morgan

Inc.

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

441,800‌

1,050‌

Marathon

Petroleum

Corp.

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

171,056‌

69,200‌

National

Fuel

Gas

Co.

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

4,194,212‌

2,250‌

National

Grid

plc

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

30,984‌

1,250‌

Neste

Oyj

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

24,253‌

23,300‌

NextEra

Energy

Inc.

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

1,969,549‌

13,000‌

NOV

Inc.

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

207,610‌

32,000‌

Occidental

Petroleum

Corp.

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

1,649,280‌

25,000‌

PG&E

Corp.

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

494,250‌

73,000‌

Schlumberger

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

3,062,350‌

1,300‌

Severn

Trent

plc

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

45,919‌

5,300‌

Shell

plc,

ADR

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

349,535‌

22,500‌

Southwest

Gas

Holdings

Inc.

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

1,659,600‌

86,000‌

The

AES

Corp.

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

1,725,160‌

3,707‌

Vitesse

Energy

Inc.

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

89,042‌

51,398,841‌

Entertainment

—

5.7%

119,800‌

Atlanta

Braves

Holdings

Inc.,

Cl. A†

..........

5,049,570‌

367,982‌

Atlanta

Braves

Holdings

Inc.,

Cl. C†

..........

14,645,684‌

544‌

Electronic

Arts

Inc.

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

78,031‌

48,000‌

Fox

Corp.,

Cl. A

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

2,031,840‌

30,000‌

Fox

Corp.,

Cl. B

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

1,164,000‌

888,000‌

Grupo

Televisa

SAB,

ADR

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

2,273,280‌

13,934‌

Liberty

Media

Corp.-Liberty

Live,

Cl. A†

....

689,872‌

27,434‌

Liberty

Media

Corp.-Liberty

Live,

Cl. C†

....

1,408,187‌

139,220‌

Madison

Square

Garden

Entertainment

Corp.†

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

5,921,027‌

124,481‌

Madison

Square

Garden

Sports

Corp.†

.....

25,924,413‌

Market

Value

10,947‌

Manchester

United

plc,

Cl. A†

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

177,122‌

253‌

Netflix

Inc.†

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

179,445‌

67,500‌

Ollamani

SAB†

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

127,390‌

355,191‌

Paramount

Global,

Cl. A

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

7,764,475‌

20,000‌

Paramount

Global,

Cl. B

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

212,400‌

300‌

Inc.,

Cl. A†

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

9,711‌

170,920‌

Sphere

Entertainment

Co.†

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

7,551,246‌

3,223‌

Take-Two

Interactive

Software

Inc.†

..........

495,407‌

102,700‌

The

Walt

Disney

Co.

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

9,878,713‌

431‌

TKO

Group

Holdings

Inc.†

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

53,319‌

5,600‌

Ubisoft

Entertainment

SA†

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

62,960‌

315,000‌

Vivendi

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

3,639,667‌

809,450‌

Warner

Bros

Discovery

Inc.†

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

6,677,962‌

96,015,721‌

Environmental

Services

—

2.8%

14,000‌

Phinia

Inc.

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

644,420‌

157,500‌

Republic

Services

Inc.

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

31,632,300‌

69,000‌

Waste

Connections

Inc.

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

12,338,580‌

16,200‌

Waste

Management

Inc.

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

3,363,120‌

47,978,420‌

Equipment

and

Supplies

—

9.9%

2,800‌

Co.

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

382,760‌

292,650‌

AMETEK

Inc.

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

50,250,932‌

42,000‌

Amphenol

Corp.,

Cl. A

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

2,736,720‌

13,600‌

AZZ

Inc.

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

1,123,496‌

32,650‌

Crown

Holdings

Inc.

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

3,130,482‌

104,050‌

CTS

Corp.

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

5,033,939‌

4,000‌

Danaher

Corp.

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

1,112,080‌

21,000‌

Distribution

Solutions

Group

Inc.†

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

808,710‌

302,500‌

Donaldson

Co.

Inc.

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

22,294,250‌

366,550‌

Flowserve

Corp.

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

18,946,969‌

47,000‌

Graco

Inc.

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

4,112,970‌

11,000‌

Hubbell

Inc.

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

4,711,850‌

64,800‌

IDEX

Corp.

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

13,899,600‌

36,500‌

Interpump

Group

SpA

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

1,701,583‌

97,800‌

Mueller

Industries

Inc.

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

7,246,980‌

92,500‌

Sealed

Air

Corp.

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

3,357,750‌

24,000‌

The

Manitowoc

Co.

Inc.†

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

230,880‌

45,950‌

The

Timken

Co.

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

3,873,126‌

15,000‌

The

Toro

Co.

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

1,300,950‌

68,000‌

The

Weir

Group

plc

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

1,969,167‌

15,000‌

Titan

Machinery

Inc.†

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

208,950‌

26,200‌

Valmont

Industries

Inc.

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

7,596,690‌

52,600‌

Watts

Water

Technologies

Inc.,

Cl. A

.........

10,898,194‌

166,929,028‌

Financial

Services

—

10.9%

40,000‌

AllianceBernstein

Holding

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

1,395,600‌

98,771‌

American

Express

Co.

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

26,786,695‌

1,300‌

Ameriprise

Financial

Inc.

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

610,753‌

2,400‌

Bank

America

Corp.

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

95,232‌

12,700‌

Barclays

plc

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

38,127‌

The

Gabelli

Asset

Fund

Schedule

Investments

(Continued)

—

September

30,

2024

(Unaudited)

Market

Value

COMMON

STOCKS

(Continued)

Financial

Services

(Continued)

58‌

Berkshire

Hathaway

Inc.,

Cl. A†

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

40,088,440‌

51,550‌

Blackstone

Inc.

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

7,893,852‌

5,625‌

Brookfield

Asset

Management

Ltd.,

Cl. A

...

266,006‌

22,000‌

Brookfield

Corp.

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

1,169,300‌

1,600‌

Capital

One

Financial

Corp.

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

239,568‌

21,850‌

Citigroup

Inc.

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

1,367,810‌

1,500‌

EXOR

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

160,544‌

35,000‌

FTAI

Aviation

Ltd.

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

4,651,500‌

150,000‌

GAM

Holding

AG†

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

34,454‌

29,800‌

Interactive

Brokers

Group

Inc.,

Cl. A

.........

4,152,928‌

1,775‌

Intercontinental

Exchange

Inc.

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

285,136‌

26,000‌

Jefferies

Financial

Group

Inc.

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

1,600,300‌

60,950‌

JPMorgan

Chase

Co.

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

12,851,917‌

77,000‌

KKR

Co.

Inc.

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

10,054,660‌

2,500‌

Lazard

Inc.

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

125,950‌

76,500‌

Loews

Corp.

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

6,047,325‌

5,150‌

M&T

Bank

Corp.

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

917,318‌

14,200‌

Marsh

McLennan

Companies

Inc.

..........

3,167,878‌

11,500‌

Popular

Inc.

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

1,153,105‌

15,000‌

PROG

Holdings

Inc.

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

727,350‌

87,800‌

State

Street

Corp.

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

7,767,666‌

9,550‌

Rowe

Price

Group

Inc.

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

1,040,281‌

357,000‌

The

Bank

New

York

Mellon

Corp.

..........

25,654,020‌

150‌

The

Charles

Schwab

Corp.

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

9,722‌

15,600‌

The

Goldman

Sachs

Group

Inc.

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

7,723,716‌

16,000‌

The

Hartford

Financial

Services

Group

Inc.

1,881,760‌

39,300‌

The

PNC

Financial

Services

Group

Inc.

......

7,264,605‌

9,000‌

Value

Line

Inc.

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

418,500‌

108,000‌

Wells

Fargo

Co.

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

6,100,920‌

183,742,938‌

Food

and

Beverage

—

11.5%

169,014‌

BellRing

Brands

Inc.†

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

10,262,530‌

571,100‌

Brown-Forman

Corp.,

Cl. A

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

27,458,488‌

1,850‌

Brown-Forman

Corp.,

Cl. B

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

91,020‌

72,200‌

Campbell

Soup

Co.

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

3,532,024‌

720,000‌

China

Mengniu

Dairy

Co.

Ltd.

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

1,731,960‌

23,400‌

Coca-Cola

Europacific

Partners

plc

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

1,842,750‌

15,400‌

Coca-Cola

HBC

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

548,492‌

1,300‌

Constellation

Brands

Inc.,

Cl. A

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

334,997‌

23,000‌

Crimson

Wine

Group

Ltd.†

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

145,130‌

76,900‌

Danone

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

5,593,185‌

20,000‌

Davide

Campari-Milano

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

169,199‌

1,000‌

Diageo

plc

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

34,640‌

183,050‌

Diageo

plc,

ADR

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

25,689,237‌

52,000‌

Farmer

Brothers

Co.†

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

102,960‌

190,000‌

Flowers

Foods

Inc.

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

4,383,300‌

30,600‌

Fomento

Economico

Mexicano

SAB

CV,

ADR

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

3,020,526‌

65,200‌

General

Mills

Inc.

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

4,815,020‌

Market

Value

1,281,000‌

Grupo

Bimbo

SAB

CV,

Cl. A

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

4,405,105‌

10,500‌

Heineken

Holding

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

792,451‌

57,650‌

Heineken

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

5,110,745‌

19,350‌

Heineken

NV,

ADR

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

861,462‌

121,750‌

ITO

Ltd.

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

2,891,165‌

7,000‌

John

Bean

Technologies

Corp.

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

689,570‌

56,500‌

Kerry

Group

plc,

Cl. A

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

5,566,028‌

450‌

Kerry

Group

plc,

Cl. A

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

46,661‌

773,500‌

Kikkoman

Corp.

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

8,761,579‌

16,600‌

LVMH

Moet

Hennessy

Louis

Vuitton

....

12,722,303‌

46,000‌

Maple

Leaf

Foods

Inc.

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

753,374‌

37,000‌

MEIJI

Holdings

Co.

Ltd.

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

924,195‌

111,000‌

Mondelēz

International

Inc.,

Cl. A

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

8,177,370‌

86,000‌

Morinaga

Milk

Industry

Co.

Ltd.

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

2,102,056‌

18,000‌

National

Beverage

Corp.

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

844,920‌

33,800‌

Nestlé

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

3,392,979‌

278,400‌

Nissin

Foods

Holdings

Co.

Ltd.

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

7,761,689‌

36,217‌

PepsiCo

Inc.

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

6,158,701‌

43,350‌

Pernod

Ricard

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

6,543,385‌

65,600‌

Post

Holdings

Inc.†

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

7,593,200‌

58,000‌

Remy

Cointreau

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

4,509,705‌

16,450‌

Suntory

Beverage

Food

Ltd.

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

617,369‌

2,800‌

The

Boston

Beer

Co.

Inc.,

Cl. A†

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

809,592‌

16,900‌

The

Coca-Cola

Co.

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

1,214,434‌

18,900‌

The

J.M.

Smucker

Co.

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

2,288,790‌

88,700‌

The

Kraft

Heinz

Co.

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

3,114,257‌

200,000‌

Tingyi

(Cayman

Islands)

Holding

Corp.

.....

288,660‌

24,000‌

Tootsie

Roll

Industries

Inc.

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

743,280‌

5,000‌

TreeHouse

Foods

Inc.†

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

209,900‌

5,000‌

Kellogg

Co.

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

85,550‌

200,800‌

Yakult

Honsha

Co.

Ltd.

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

4,637,017‌

194,372,950‌

Health

Care

—

5.9%

8,000‌

Abbott

Laboratories

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

912,080‌

23,400‌

AbbVie

Inc.

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

4,621,032‌

27,450‌

Amgen

Inc.

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

8,844,665‌

10,000‌

AstraZeneca

plc,

ADR

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

779,100‌

45,000‌

Bausch

Lomb

Corp.†

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

868,050‌

7,800‌

Bausch

Health

Cos.

Inc.†

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

63,648‌

42,000‌

Baxter

International

Inc.

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

1,594,740‌

7,100‌

Biogen

Inc.†

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

1,376,264‌

6,000‌

Bio-Rad

Laboratories

Inc.,

Cl. A†

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

2,007,480‌

66,650‌

Bristol-Myers

Squibb

Co.

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

3,448,471‌

25,000‌

Catalent

Inc.†

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

1,514,250‌

6,800‌

Cencora

Inc.

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

1,530,544‌

2,000‌

Charles

River

Laboratories

International

Inc.†

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

393,940‌

7,300‌

Chemed

Corp.

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

4,387,081‌

7,200‌

CONMED

Corp.

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

517,824‌

3,000‌

DaVita

Inc.†

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

491,790‌

99,900‌

Demant

A/S†

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

3,902,583‌

The

Gabelli

Asset

Fund

Schedule

Investments

(Continued)

—

September

30,

2024

(Unaudited)

Market

Value

COMMON

STOCKS

(Continued)

Health

Care

(Continued)

30,000‌

DENTSPLY

SIRONA

Inc.

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

811,800‌

350‌

Edwards

Lifesciences

Corp.†

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

23,097‌

4,000‌

Elevance

Health

Inc.

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

2,080,000‌

318‌

Eli

Lilly

Co.

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

281,729‌

120,000‌

Evolent

Health

Inc.,

Cl. A†

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

3,393,600‌

13,000‌

Fortrea

Holdings

Inc.†

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

260,000‌

4,350‌

Gerresheimer

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

387,376‌

10,750‌

Haleon

plc

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

56,468‌

14,243‌

Halozyme

Therapeutics

Inc.†

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

815,269‌

19,710‌

HCA

Healthcare

Inc.

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

8,010,735‌

75,336‌

Henry

Schein

Inc.†

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

5,491,994‌

380‌

Humana

Inc.

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

120,361‌

1,500‌

ICU

Medical

Inc.†

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

273,330‌

600‌

Illumina

Inc.†

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

78,246‌

4,500‌

Indivior

plc†

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

44,310‌

12,000‌

Integer

Holdings

Corp.†

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

1,560,000‌

21,750‌

Johnson

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

3,524,805‌

10,000‌

Labcorp

Holdings

Inc.

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

2,234,800‌

2,500‌

McKesson

Corp.

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

1,236,050‌

18,000‌

Medtronic

plc

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

1,620,540‌

40,600‌

Merck

Co.

Inc.

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

4,610,536‌

1,700‌

Moderna

Inc.†

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

113,611‌

65,000‌

Option

Care

Health

Inc.†

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

2,034,500‌

17,500‌

Perrigo

Co.

plc

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

459,025‌

100,000‌

Pfizer

Inc.

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

2,894,000‌

14,000‌

QuidelOrtho

Corp.†

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

638,400‌

590‌

Regeneron

Pharmaceuticals

Inc.†

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

620,232‌

40,000‌

Roche

Holding

AG,

ADR

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

1,598,000‌

2,100‌

Smith

Nephew

plc

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

32,512‌

1,806‌

Solventum

Corp.†

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

125,914‌

6,900‌

Stryker

Corp.

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

2,492,694‌

24,700‌

Tenet

Healthcare

Corp.†

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

4,105,140‌

8,500‌

The

Cigna

Group

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

2,944,740‌

20,000‌

The

Cooper

Companies

Inc.†

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

2,206,800‌

1,990‌

UnitedHealth

Group

Inc.

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

1,163,513‌

2,555‌

Vertex

Pharmaceuticals

Inc.†

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

1,188,279‌

20,350‌

Zimmer

Biomet

Holdings

Inc.

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

2,196,783‌

98,982,731‌

Hotels

and

Gaming

—

0.9%

10,000‌

Accor

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

434,129‌

18,800‌

Caesars

Entertainment

Inc.†

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

784,712‌

2,000‌

Churchill

Downs

Inc.

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

270,420‌

3,000‌

Entain

plc

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

30,611‌

225‌

Flutter

Entertainment

plc†

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

52,868‌

310,000‌

Genting

Singapore

Ltd.

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

211,048‌

5,400‌

Hyatt

Hotels

Corp.,

Cl. A

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

821,880‌

2,394,100‌

Mandarin

Oriental

International

Ltd.

..........

4,069,970‌

132,600‌

MGM

Resorts

International†

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

5,183,334‌

10,500‌

Ryman

Hospitality

Properties

Inc.,

REIT

....

1,126,020‌

Market

Value

683,000‌

The

Hongkong

Shanghai

Hotels

Ltd.

......

503,430‌

18,000‌

Universal

Entertainment

Corp.

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

175,335‌

2,500‌

Wyndham

Hotels

Resorts

Inc.

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

195,350‌

6,200‌

Wynn

Resorts

Ltd.

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

594,456‌

14,453,563‌

Machinery

—

6.2%

22,000‌

Astec

Industries

Inc.

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

702,680‌

93,745‌

Caterpillar

Inc.

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

36,665,544‌

1,420,450‌

CNH

Industrial

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

15,766,995‌

93,300‌

Deere

Co.

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

38,936,889‌

13,000‌

Mueller

Water

Products

Inc.,

Cl. A

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

282,100‌

90,200‌

Xylem

Inc.

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

12,179,706‌

104,533,914‌

Manufactured

Housing

and

Recreational

Vehicles

—

0.3%

8,500‌

Cavco

Industries

Inc.†

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

3,640,040‌

18,100‌

Champion

Homes

Inc.†

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

1,716,785‌

825‌

Nobility

Homes

Inc.

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

31,350‌

5,388,175‌

Metals

and

Mining

—

3.3%

45,350‌

Agnico

Eagle

Mines

Ltd.

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

3,653,396‌

146,400‌

Barrick

Gold

Corp.

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

2,911,896‌

55,000‌

Franco-Nevada

Corp.

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

6,833,750‌

104,950‌

Freeport-McMoRan

Inc.

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

5,239,104‌

18,000‌

Kinross

Gold

Corp.

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

168,480‌

15,000‌

Materials

Corp.†

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

264,750‌

359,400‌

Newmont

Corp.

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

19,209,930‌

93,500‌

Royal

Gold

Inc.

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

13,118,050‌

71,750‌

Wheaton

Precious

Metals

Corp.

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

4,382,490‌

55,781,846‌

Publishing

—

1.8%

111,000‌

News

Corp.,

Cl. A

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

2,955,930‌

51,375‌

S&P

Global

Inc.

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

26,541,353‌

90,000‌

The

E.W.

Scripps

Co.,

Cl. A†

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

202,050‌

29,699,333‌

Real

Estate

—

0.6%

14,000‌

American

Tower

Corp.,

REIT

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

3,255,840‌

1,900‌

Prologis

Inc.,

REIT

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

239,932‌

104,000‌

The

St.

Joe

Co.

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

6,064,240‌

32,200‌

Weyerhaeuser

Co.,

REIT

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

1,090,292‌

10,650,304‌

Retail

—

2.4%

5,633‌

Arko

Corp.

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

39,544‌

42,000‌

AutoNation

Inc.†

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

7,514,640‌

700‌

AutoZone

Inc.†

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

2,205,028‌

19,000‌

CarMax

Inc.†

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

1,470,220‌

17,875‌

Costco

Wholesale

Corp.

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

15,846,545‌

90,000‌

CVS

Health

Corp.

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

5,659,200‌

1,200‌

Lowe's

Companies

Inc.

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

325,020‌

6,000‌

Maplebear

Inc.†

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

244,440‌

The

Gabelli

Asset

Fund

Schedule

Investments

(Continued)

—

September

30,

2024

(Unaudited)

Market

Value

COMMON

STOCKS

(Continued)

Retail

(Continued)

550‌

McDonald's

Corp.

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

167,481‌

1,750‌

NIKE

Inc.,

Cl. B

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

154,700‌

15,000‌

Rush

Enterprises

Inc.,

Cl. B

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

719,250‌

950‌

Starbucks

Corp.

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

92,615‌

2,000‌

The

Home

Depot

Inc.

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

810,400‌

83,200‌

The

Kroger

Co.

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

4,767,360‌

7,000‌

Walgreens

Boots

Alliance

Inc.

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

62,720‌

6,200‌

Walmart

Inc.

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

500,650‌

1,650‌

Zalando

SE†

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

54,403‌

40,634,216‌

Semiconductors

—

0.1%

1,000‌

Advanced

Micro

Devices

Inc.†

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

164,080‌

50‌

ASML

Holding

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

41,662‌

3,550‌

Broadcom

Inc.

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

612,375‌

7,200‌

Intel

Corp.

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

168,912‌

1,125‌

Micron

Technology

Inc.

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

116,674‌

570‌

NVIDIA

Corp.

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

69,221‌

1,400‌

SkyWater

Technology

Inc.†

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

12,712‌

1,185,636‌

Specialty

Chemicals

—

0.3%

850‌

Air

Products

and

Chemicals

Inc.

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

253,079‌

16,600‌

DuPont

Nemours

Inc.

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

1,479,226‌

29,000‌

H.B.

Fuller

Co.

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

2,302,020‌

275‌

Linde

plc

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

131,136‌

17,000‌

Sensient

Technologies

Corp.

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

1,363,740‌

5,529,201‌

Telecommunications

—

1.8%

2,200‌

AT&T

Inc.

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

48,400‌

1,250‌

Deutsche

Telekom

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

36,720‌

155,250‌

Deutsche

Telekom

AG,

ADR

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

4,569,007‌

52,000‌

GCI

Liberty

Inc.,

Escrow†(a)

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

1‌

14,000‌

Hellenic

Telecommunications

Organization

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

241,398‌

23,400‌

Hellenic

Telecommunications

Organization

SA,

ADR

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

200,889‌

148,250‌

Liberty

Global

Ltd.,

Cl. A†

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

3,129,557‌

220,700‌

Liberty

Global

Ltd.,

Cl. C†

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

4,769,327‌

4,500‌

Orange

SA,

ADR

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

51,660‌

7,100‌

SoftBank

Group

Corp.,

ADR

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

209,521‌

1,700,000‌

Telecom

Italia

SpA†

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

472,143‌

36,000‌

Telefonica

Brasil

SA,

ADR

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

369,720‌

269,000‌

Telefonica

SA,

ADR

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

1,307,340‌

589,500‌

Telephone

and

Data

Systems

Inc.

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

13,705,875‌

39,900‌

Telesat

Corp.†

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

525,483‌

18,700‌

TIM

SA,

ADR

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

322,014‌

10,000‌

VEON

Ltd.,

ADR†

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

304,200‌

1,650‌

Verizon

Communications

Inc.

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

74,101‌

30,337,356‌

Market

Value

Transportation

—

1.1%

10,000‌

Canadian

Pacific

Kansas

City

Ltd.

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

855,400‌

137,200‌

GATX

Corp.

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

18,172,140‌

750‌

Union

Pacific

Corp.

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

184,860‌

19,212,400‌

Wireless

Communications

—

0.4%

61,250‌

America

Movil

SAB

CV,

ADR

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

1,002,050‌

215,000‌

Operadora

Sites

Mexicanos

SAB

169,357‌

20,885‌

T-Mobile

Inc.

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

4,309,829‌

26,500‌

United

States

Cellular

Corp.†

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

1,448,225‌

6,929,461‌

TOTAL

COMMON

STOCKS

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

1,672,722,515‌

CLOSED-END

FUNDS

—

0.1%

2,000‌

Altaba

Inc.,

Escrow†

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

2,850‌

10,700‌

Royce

Global

Trust

Inc.

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

124,120‌

76,500‌

Royce

Small-Cap

Trust

Inc.

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

1,201,050‌

TOTAL

CLOSED-END

FUNDS

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

1,328,020‌

PREFERRED

STOCKS

—

0.0%

Diversified

Industrial

—

0.0%

600‌

Jungheinrich

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

18,073‌

Electronics

—

0.0%

95‌

WESCO

International

Inc.,

Ser.

10.625%

2,456‌

TOTAL

PREFERRED

STOCKS

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

20,529‌

Principal

Amount

U.S.

GOVERNMENT

OBLIGATIONS

—

0.6%

9,645,000‌

U.S.

Treasury

Bills,

4.540%

5.093%††,

11/21/24

12/26/24

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

9,561,894‌

TOTAL

INVESTMENTS

—

100.0%

(Cost

$398,832,063)

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

1,683,632,958‌

(a)

Security

valued

using

significant

unobservable

inputs

and

classified

Level

the

fair

value

hierarchy.

†

Non-income

producing

security.

††

Represents

annualized

yields

dates

purchase.

ADR

American

Depositary

Receipt

GDR

Global

Depositary

Receipt

REIT

Real

Estate

Investment

Trust

Gabelli Asset Fund (GABAX) NPORT-PThe Gabelli Asset Fund (Sep 2024 report)