The Gabelli Equity Trust Inc.
Schedule of Investments — March 31, 2021 (Unaudited)
Shares | Market | |||||
COMMON STOCKS — 96.9% | ||||||
Financial Services — 11.0% | ||||||
74,000 | Aegon NV | $ | 351,458 | |||
5,800 | Ally Financial Inc. | 262,218 | ||||
295,000 | American Express Co.(a) | 41,724,800 | ||||
28,000 | Apollo Global Management Inc. | 1,316,280 | ||||
16,000 | Argo Group International Holdings Ltd. | 805,120 | ||||
2,900 | Axis Capital Holdings Ltd. | 143,753 | ||||
21,500 | Banco Bilbao Vizcaya Argentaria SA | 111,593 | ||||
75,740 | Banco Santander SA, ADR† | 259,788 | ||||
50,000 | Bank of America Corp. | 1,934,500 | ||||
93,500 | Barclays plc | 239,649 | ||||
109 | Berkshire Hathaway Inc., Cl. A† | 42,041,518 | ||||
210 | BlackRock Inc. | 158,332 | ||||
55,000 | Brewin Dolphin Holdings plc | 235,430 | ||||
2,200 | Capital One Financial Corp. | 279,906 | ||||
18,700 | CIT Group Inc. | 963,237 | ||||
128,700 | Citigroup Inc. | 9,362,925 | ||||
35,774 | Commerzbank AG† | 219,326 | ||||
18,246 | Credit Agricole SA† | 264,147 | ||||
21,000 | Credit Suisse Group AG, ADR | 222,600 | ||||
5,000 | Cullen/Frost Bankers Inc. | 543,800 | ||||
93,100 | Dah Sing Banking Group Ltd. | 105,386 | ||||
100,800 | Dah Sing Financial Holdings Ltd. | 331,933 | ||||
46,500 | Daiwa Securities Group Inc. | 240,259 | ||||
30,000 | Deutsche Bank AG† | 360,000 | ||||
900 | Deutsche Boerse AG | 149,554 | ||||
2,000 | EXOR NV | 168,728 | ||||
18,500 | Franklin Resources Inc. | 547,600 | ||||
51,000 | GAM Holding AG† | 134,252 | ||||
14,000 | H&R Block Inc. | 305,200 | ||||
10,000 | Hannon Armstrong Sustainable Infrastructure Capital Inc., REIT | 561,000 | ||||
24,000 | ING Groep NV | 293,607 | ||||
37,600 | Interactive Brokers Group Inc., Cl. A | 2,746,304 | ||||
114,100 | Janus Henderson Group plc | 3,554,215 | ||||
10,200 | Japan Post Bank Co. Ltd. | 98,016 | ||||
110,900 | Jefferies Financial Group Inc. | 3,338,090 | ||||
36,900 | JPMorgan Chase & Co. | 5,617,287 | ||||
5,000 | Julius Baer Group Ltd. | 319,738 | ||||
29,800 | Kinnevik AB, Cl. A | 1,542,300 | ||||
14,000 | Loews Corp. | 717,920 | ||||
71,000 | Marsh & McLennan Companies Inc. | 8,647,800 | ||||
9,000 | Moody’s Corp. | 2,687,490 | ||||
45,758 | Morgan Stanley | 3,553,566 | ||||
240 | MSCI Inc. | 100,627 | ||||
90,500 | Natwest Group plc | 244,848 | ||||
110,000 | New York Community Bancorp Inc. | 1,388,200 | ||||
6,700 | NN Group NV | 327,562 | ||||
24,410 | PayPal Holdings Inc.† | 5,927,724 | ||||
20,000 | Pershing Square Tontine Holdings Ltd., Cl. A† | 480,200 | ||||
5,500 | Plus500 Ltd. | 106,152 |
Shares | Market | |||||
25,000 | Polar Capital Holdings plc | $ | 239,876 | |||
8,500 | Prosus NV | 944,962 | ||||
67,000 | S&P Global Inc. | 23,642,290 | ||||
4,000 | Sculptor Capital Management Inc. | 87,520 | ||||
8,000 | Shinhan Financial Group Co. Ltd., ADR† | 268,320 | ||||
6,500 | Shinsei Bank Ltd.† | 105,021 | ||||
9,500 | Societe Generale SA† | 248,604 | ||||
44,000 | Standard Chartered plc | 302,989 | ||||
126,300 | State Street Corp. | 10,610,463 | ||||
90,000 | T. Rowe Price Group Inc. | 15,444,000 | ||||
163,800 | The Bank of New York Mellon Corp. | 7,746,102 | ||||
35,000 | The Blackstone Group Inc. | 2,608,550 | ||||
67,000 | The Charles Schwab Corp. | 4,367,060 | ||||
15,520 | The Goldman Sachs Group Inc. | 5,075,040 | ||||
4,000 | The PNC Financial Services Group Inc. | 701,640 | ||||
3,000 | TransUnion | 270,000 | ||||
19,000 | Truist Financial Corp. | 1,108,080 | ||||
15,500 | W. R. Berkley Corp. | 1,167,925 | ||||
94,000 | Waddell & Reed Financial Inc., Cl. A | 2,354,700 | ||||
5,400 | Webster Financial Corp. | 297,594 | ||||
179,000 | Wells Fargo & Co. | 6,993,530 | ||||
11,708 | Westwood Holdings Group Inc. | 169,298 | ||||
|
| |||||
230,789,502 | ||||||
Food and Beverage — 9.9% | ||||||
3,000 | Ajinomoto Co. Inc. | 61,382 | ||||
2,100 | Anheuser-Busch InBev SA/NV | 132,369 | ||||
95,800 | Brown-Forman Corp., Cl. A | 6,099,586 | ||||
49,300 | Brown-Forman Corp., Cl. B | 3,400,221 | ||||
33,800 | Campbell Soup Co. | 1,699,126 | ||||
65,000 | Chr. Hansen Holding A/S† | 5,906,436 | ||||
15,000 | Coca-Cola European Partners plc | 782,400 | ||||
214,000 | Conagra Brands Inc. | 8,046,400 | ||||
28,000 | Constellation Brands Inc., Cl. A | 6,384,000 | ||||
25,000 | Crimson Wine Group Ltd.† | 166,250 | ||||
189,500 | Danone SA | 13,000,259 | ||||
920,000 | Davide Campari-Milano NV | 10,305,500 | ||||
3,700 | Diageo plc | 152,489 | ||||
117,000 | Diageo plc, ADR | 19,212,570 | ||||
44,583 | Farmer Brothers Co.† | 465,447 | ||||
90,000 | Flowers Foods Inc. | 2,142,000 | ||||
81,200 | Fomento Economico Mexicano SAB de CV, ADR | 6,116,796 | ||||
15,000 | General Mills Inc. | 919,800 | ||||
17,000 | Glanbia plc | 253,385 | ||||
1,848,400 | Grupo Bimbo SAB de CV, Cl. A | 3,879,565 | ||||
41,300 | Heineken NV | 4,243,657 | ||||
10,500 | Ingredion Inc. | 944,160 | ||||
105,000 | ITO EN Ltd. | 6,438,925 | ||||
5,000 | Kellogg Co. | 316,500 | ||||
61,000 | Kerry Group plc, Cl. A | 7,675,673 | ||||
2,200 | Laurent-Perrier | 204,847 |
1
The Gabelli Equity Trust Inc.
Schedule of Investments (Continued) — March 31, 2021 (Unaudited)
Shares | Market | |||||
COMMON STOCKS (Continued) | ||||||
Food and Beverage (Continued) | ||||||
9,700 | LVMH Moet Hennessy Louis Vuitton SE | $ | 6,462,245 | |||
30,000 | Maple Leaf Foods Inc. | 683,934 | ||||
33,000 | Molson Coors Beverage Co., Cl. B† | 1,687,950 | ||||
230,000 | Mondelēz International Inc., Cl. A | 13,461,900 | ||||
14,000 | Morinaga Milk Industry Co. Ltd. | 735,877 | ||||
41,000 | Nestlé SA | 4,569,582 | ||||
12,500 | Nomad Foods Ltd.† | 343,250 | ||||
138,000 | PepsiCo Inc. | 19,520,100 | ||||
39,200 | Pernod Ricard SA | 7,357,473 | ||||
31,000 | Post Holdings Inc.† | 3,277,320 | ||||
41,500 | Remy Cointreau SA | 7,665,060 | ||||
79,600 | The Coca-Cola Co. | 4,195,716 | ||||
42,500 | The Hain Celestial Group Inc.† | 1,853,000 | ||||
24,000 | The J.M. Smucker Co. | 3,036,720 | ||||
24,000 | The Kraft Heinz Co. | 960,000 | ||||
45,000 | Tootsie Roll Industries Inc. | 1,490,850 | ||||
3,000 | TreeHouse Foods Inc.† | 156,720 | ||||
47,000 | Tyson Foods Inc., Cl. A | 3,492,100 | ||||
334,000 | Yakult Honsha Co. Ltd. | 16,892,301 | ||||
|
| |||||
206,791,841 | ||||||
|
| |||||
Equipment and Supplies — 6.9% | ||||||
355,865 | AMETEK Inc. | 45,454,636 | ||||
14,000 | Amphenol Corp., Cl. A | 923,580 | ||||
25,000 | Ardagh Group SA | 635,250 | ||||
84,000 | CIRCOR International Inc.† | 2,924,880 | ||||
6,000 | Crown Holdings Inc. | 582,240 | ||||
650 | Danaher Corp. | 146,302 | ||||
295,000 | Donaldson Co. Inc. | 17,157,200 | ||||
22,000 | DS Smith plc† | 123,652 | ||||
193,500 | Flowserve Corp. | 7,509,735 | ||||
37,000 | Franklin Electric Co. Inc. | 2,920,780 | ||||
60,000 | Gores Holdings V Inc., Cl. A† | 598,800 | ||||
15,000 | Hubbell Inc. | 2,803,350 | ||||
152,903 | IDEX Corp. | 32,005,656 | ||||
100,000 | Mueller Industries Inc. | 4,135,000 | ||||
193,900 | Mueller Water Products Inc., Cl. A | 2,693,271 | ||||
550 | Parker-Hannifin Corp. | 173,487 | ||||
8,000 | Sealed Air Corp. | 366,560 | ||||
24,000 | Tenaris SA, ADR | 544,560 | ||||
270,000 | The L.S. Starrett Co., Cl. A† | 1,741,500 | ||||
80,000 | The Timken Co. | 6,493,600 | ||||
59,600 | The Weir Group plc† | 1,460,064 | ||||
114,500 | Watts Water Technologies Inc., Cl. A | 13,603,745 | ||||
|
| |||||
144,997,848 | ||||||
|
| |||||
Health Care — 5.4% | ||||||
12,100 | AbbVie Inc. | 1,309,462 | ||||
800 | ABIOMED Inc.† | 254,984 | ||||
2,000 | ACADIA Pharmaceuticals Inc.† | 51,600 | ||||
1,736 | Acorda Therapeutics Inc.† | 8,454 |
Shares | Market | |||||
2,000 | Aerie Pharmaceuticals Inc.† | $ | 35,740 | |||
16,200 | Alcon Inc.† | 1,136,916 | ||||
4,000 | Alimera Sciences Inc.† | 38,480 | ||||
2,000 | Alkermes plc† | 37,360 | ||||
7,000 | AmerisourceBergen Corp. | 826,490 | ||||
25,000 | Amgen Inc. | 6,220,250 | ||||
9,300 | Anika Therapeutics Inc.† | 379,347 | ||||
400 | Anthem Inc. | 143,580 | ||||
10,901 | Aptinyx Inc.† | 32,703 | ||||
2,000 | AstraZeneca plc | 199,814 | ||||
44,992 | Axogen Inc.† | 911,538 | ||||
2,000 | Bausch Health Cos. Inc.† | 63,480 | ||||
14,000 | Baxter International Inc. | 1,180,760 | ||||
1,600 | Becton, Dickinson and Co. | 389,040 | ||||
1,200 | Berkeley Lights Inc.† | 60,276 | ||||
7,000 | Biogen Inc.† | 1,958,250 | ||||
27,100 | BioMarin Pharmaceutical Inc.† | 2,046,321 | ||||
44,500 | Bluebird Bio Inc.† | 1,341,675 | ||||
160,000 | Boston Scientific Corp.† | 6,184,000 | ||||
150,900 | Bristol-Myers Squibb Co. | 9,526,317 | ||||
12,150 | Calithera Biosciences Inc.† | 29,403 | ||||
3,200 | Cigna Corp. | 773,568 | ||||
30,400 | Clovis Oncology Inc.† | 213,408 | ||||
1,500 | Collegium Pharmaceutical Inc.† | 35,550 | ||||
167,823 | Conformis Inc.† | 166,145 | ||||
2,500 | Cortexyme Inc.† | 90,075 | ||||
15,800 | Covetrus Inc.† | 473,526 | ||||
17,900 | Cutera Inc.† | 537,895 | ||||
7,200 | CVS Group plc† | 185,714 | ||||
8,000 | CytomX Therapeutics Inc.† | 61,840 | ||||
200 | DaVita Inc.† | 21,554 | ||||
242,000 | Demant A/S† | 10,251,117 | ||||
1,160 | Edwards Lifesciences Corp.† | 97,022 | ||||
4,000 | eHealth Inc.† | 290,920 | ||||
12,000 | ElectroCore Inc.† | 24,720 | ||||
7,084 | Electromed Inc.† | 74,665 | ||||
17,200 | Endo International plc† | 127,452 | ||||
3,000 | Evolus Inc.† | 38,970 | ||||
4,040 | Exact Sciences Corp.† | 532,391 | ||||
29,475 | Fluidigm Corp.† | 133,227 | ||||
3,100 | Fresenius SE & Co. KGaA | 138,071 | ||||
2,000 | G1 Therapeutics Inc.† | 48,120 | ||||
4,000 | Galapagos NV, ADR† | 308,360 | ||||
3,000 | GenMark Diagnostics Inc.† | 71,700 | ||||
1,390 | Gerresheimer AG | 138,065 | ||||
5,500 | Gilead Sciences Inc. | 355,465 | ||||
1,000 | Glaukos Corp.† | 83,930 | ||||
8,000 | GlaxoSmithKline plc | 142,051 | ||||
3,000 | Globus Medical Inc., Cl. A† | 185,010 | ||||
5,919 | GoodRx Holdings Inc., Cl. A† | 230,959 | ||||
2,000 | Gritstone Oncology Inc.† | 18,860 | ||||
300 | Guardant Health Inc.† | 45,795 |
2
The Gabelli Equity Trust Inc.
Schedule of Investments (Continued) — March 31, 2021 (Unaudited)
Shares | Market | |||||
COMMON STOCKS (Continued) | ||||||
Health Care (Continued) | ||||||
300 | HCA Healthcare Inc. | $ | 56,502 | |||
61,000 | Henry Schein Inc.† | 4,223,640 | ||||
700 | Hologic Inc.† | 52,066 | ||||
1,496 | ICU Medical Inc.† | 307,338 | ||||
3,400 | Idorsia Ltd.† | 91,156 | ||||
200 | Illumina Inc.† | 76,812 | ||||
6,500 | Incyte Corp.† | 528,255 | ||||
46,800 | Indivior plc† | 81,938 | ||||
9,900 | Inogen Inc.† | 519,948 | ||||
14,000 | Intercept Pharmaceuticals Inc.† | 323,120 | ||||
7,000 | Intersect ENT Inc.† | 146,160 | ||||
140 | Intuitive Surgical Inc.† | 103,452 | ||||
1,200 | Ipsen SA | 102,940 | ||||
1,200 | iRhythm Technologies Inc.† | 166,632 | ||||
36,600 | Johnson & Johnson | 6,015,210 | ||||
7,000 | Jounce Therapeutics Inc.† | 71,890 | ||||
65,000 | Kindred Biosciences Inc.† | 323,050 | ||||
1,300 | Koninklijke DSM NV | 219,987 | ||||
700 | Laboratory Corp. of America Holdings† | 178,521 | ||||
12,569 | Lannett Co. Inc.† | 66,364 | ||||
1,833 | Larimar Therapeutics Inc.† | 26,780 | ||||
2,000 | LeMaitre Vascular Inc. | 97,560 | ||||
3,000 | Luminex Corp. | 95,700 | ||||
10,500 | Mallinckrodt plc† | 3,957 | ||||
6,750 | Marinus Pharmaceuticals Inc.† | 104,490 | ||||
1,000 | Medpace Holdings Inc.† | 164,050 | ||||
105,700 | Merck & Co. Inc. | 8,148,413 | ||||
1,000 | Meridian Bioscience Inc.† | 26,250 | ||||
500 | Moderna Inc.† | 65,475 | ||||
5,500 | Myriad Genetics Inc.† | 167,475 | ||||
2,000 | NanoString Technologies Inc.† | 131,420 | ||||
6,000 | Nektar Therapeutics† | 120,000 | ||||
1,000 | NeoGenomics Inc.† | 48,230 | ||||
64,443 | Neuronetics Inc.† | 797,160 | ||||
1,275 | Novartis AG | 108,958 | ||||
80,000 | Novartis AG, ADR | 6,838,400 | ||||
8,600 | NuVasive Inc.† | 563,816 | ||||
4,000 | Odonate Therapeutics Inc.† | 13,680 | ||||
144,975 | Option Care Health Inc.† | 2,571,857 | ||||
5,000 | Orthofix Medical Inc.† | 216,750 | ||||
11,500 | Owens & Minor Inc. | 432,285 | ||||
1,000 | Patterson Cos. Inc. | 31,950 | ||||
500 | PerkinElmer Inc. | 64,145 | ||||
2,000 | Perrigo Co. plc | 80,940 | ||||
2,200 | Personalis Inc.† | 54,142 | ||||
8,500 | Puma Biotechnology Inc.† | 82,620 | ||||
700 | QIAGEN NV† | 34,083 | ||||
500 | Quest Diagnostics Inc. | 64,170 | ||||
8,500 | Quidel Corp.† | 1,087,405 | ||||
27,064 | ReWalk Robotics Ltd.† | 65,495 |
Shares | Market | |||||
1,050 | Roche Holding AG, Genusschein | $ | 339,335 | |||
26,121 | Rockwell Medical Inc.† | 30,300 | ||||
3,000 | Sangamo Therapeutics Inc.† | 37,590 | ||||
2,100 | Sanofi | 207,480 | ||||
2,000 | Sarepta Therapeutics Inc.† | 149,060 | ||||
2,596 | Sio Gene Therapies Inc.† | 6,776 | ||||
89,301 | SmileDirectClub Inc.† | 920,693 | ||||
5,615 | Tactile Systems Technology Inc.† | 305,961 | ||||
5,000 | Takeda Pharmaceutical Co. Ltd. | 179,950 | ||||
100 | Teladoc Health Inc.† | 18,175 | ||||
500 | Tenet Healthcare Corp.† | 26,000 | ||||
11,000 | Teva Pharmaceutical Industries Ltd., ADR† | 126,940 | ||||
15,700 | Tristel plc | 138,522 | ||||
42,000 | UnitedHealth Group Inc. | 15,626,940 | ||||
11,996 | Valeritas Holdings Inc.† | 240 | ||||
10,842 | Vericel Corp.† | 602,273 | ||||
6,000 | Viatris Inc.† | 83,820 | ||||
11,481 | Voyager Therapeutics Inc.† | 54,076 | ||||
4,000 | Waters Corp.† | 1,136,680 | ||||
11,500 | Zimmer Biomet Holdings Inc. | 1,840,920 | ||||
26,500 | Zoetis Inc. | 4,173,220 | ||||
21,297 | Zosano Pharma Corp.† | 26,408 | ||||
|
| |||||
112,256,381 | ||||||
|
| |||||
Diversified Industrial — 5.2% | ||||||
344,185 | Ampco-Pittsburgh Corp.† | 2,323,249 | ||||
37,306 | AZZ Inc. | 1,878,357 | ||||
40,000 | Colfax Corp.† | 1,752,400 | ||||
150,100 | Crane Co. | 14,095,891 | ||||
310,000 | General Electric Co. | 4,070,300 | ||||
127,000 | Greif Inc., Cl. A | 7,239,000 | ||||
12,000 | Greif Inc., Cl. B | 686,880 | ||||
68,000 | Griffon Corp. | 1,847,560 | ||||
160,500 | Honeywell International Inc. | 34,839,735 | ||||
29,119 | Ingersoll Rand Inc.† | 1,432,946 | ||||
3,500 | IntriCon Corp.† | 89,740 | ||||
91,925 | ITT Inc. | 8,356,902 | ||||
11,000 | Jardine Strategic Holdings Ltd. | 363,220 | ||||
35,000 | Kennametal Inc. | 1,398,950 | ||||
50,000 | Myers Industries Inc. | 988,000 | ||||
30,000 | nVent Electric plc | 837,300 | ||||
90,000 | Park-Ohio Holdings Corp. | 2,834,100 | ||||
30,000 | Rexnord Corp. | 1,412,700 | ||||
3,000 | Rheinmetall AG | 303,964 | ||||
500 | Roper Technologies Inc. | 201,670 | ||||
2,150 | Siemens AG | 352,983 | ||||
526,900 | Steel Partners Holdings LP† | 7,244,875 | ||||
12,000 | Sulzer AG | 1,349,627 | ||||
46,600 | Textron Inc. | 2,613,328 | ||||
100,000 | Toray Industries Inc. | 643,486 | ||||
43,000 | Trane Technologies plc | 7,119,080 | ||||
20,000 | Tredegar Corp. | 300,200 |
3
The Gabelli Equity Trust Inc.
Schedule of Investments (Continued) — March 31, 2021 (Unaudited)
Shares | Market | |||||
COMMON STOCKS (Continued) | ||||||
Diversified Industrial (Continued) | ||||||
90,000 | Trinity Industries Inc. | $ | 2,564,100 | |||
10,000 | Vantage Towers AG† | 281,448 | ||||
|
| |||||
109,421,991 | ||||||
|
| |||||
Entertainment — 5.1% | ||||||
800 | Activision Blizzard Inc. | 74,400 | ||||
20,658 | Charter Communications Inc., Cl. A† | 12,746,399 | ||||
34,000 | Discovery Inc., Cl. A† | 1,477,640 | ||||
250,800 | Discovery Inc., Cl. C† | 9,252,012 | ||||
422,000 | Dover Motorsports Inc. | 869,320 | ||||
2,000 | Electronic Arts Inc. | 270,740 | ||||
90,000 | Genting Singapore Ltd. | 61,552 | ||||
586,000 | Grupo Televisa SAB, ADR† | 5,191,960 | ||||
120,000 | Liberty Media Acquisition Corp.† | 1,285,200 | ||||
34,500 | Liberty Media Corp.- Liberty Braves, Cl. A† | 983,595 | ||||
80,708 | Liberty Media Corp.- Liberty Braves, Cl. C† | 2,245,297 | ||||
24,545 | Lions Gate Entertainment Corp., Cl. B† | 316,631 | ||||
3,000 | Live Nation Entertainment Inc.† | 253,950 | ||||
98,367 | Madison Square Garden Entertainment Corp.† | 8,046,421 | ||||
96,367 | Madison Square Garden Sports Corp.† | 17,294,022 | ||||
570 | Netflix Inc.† | 297,346 | ||||
15,000 | Rovio Entertainment Oyj | 116,713 | ||||
8,840 | Take-Two Interactive Software Inc.† | 1,562,028 | ||||
40,000 | TBS Holdings Inc. | 784,647 | ||||
91,740 | The Walt Disney Co.† | 16,927,865 | ||||
2,400 | Ubisoft Entertainment SA† | 182,603 | ||||
60,000 | Universal Entertainment Corp.† | 1,462,000 | ||||
364,000 | ViacomCBS Inc., Cl. A | 17,169,880 | ||||
1,000 | ViacomCBS Inc., Cl. B | 45,100 | ||||
242,000 | Vivendi SE | 7,946,215 | ||||
1,700 | Xilam Animation SA† | 94,596 | ||||
|
| |||||
106,958,132 | ||||||
|
| |||||
Consumer Products — 5.1% | ||||||
14,100 | Christian Dior SE | 8,548,631 | ||||
27,000 | Church & Dwight Co. Inc. | 2,358,450 | ||||
219,000 | Edgewell Personal Care Co. | 8,672,400 | ||||
202,000 | Energizer Holdings Inc. | 9,586,920 | ||||
35,500 | Essity AB, Cl. B | 1,121,487 | ||||
2,100 | Givaudan SA | 8,092,049 | ||||
85,000 | Hanesbrands Inc. | 1,671,950 | ||||
23,800 | Harley-Davidson Inc. | 954,380 | ||||
1,270 | Hermes International | 1,405,927 | ||||
33,000 | Mattel Inc.† | 657,360 | ||||
10,000 | National Presto Industries Inc. | 1,020,700 | ||||
10,000 | Oil-Dri Corp. of America | 344,400 | ||||
49,900 | Reckitt Benckiser Group plc | 4,470,113 | ||||
2,205 | Spectrum Brands Holdings Inc. | 187,425 | ||||
27,600 | Svenska Cellulosa AB SCA, Cl. B† | 488,419 |
Shares | Market | |||||
728,900 | Swedish Match AB. | $ | 56,903,517 | |||
400 | The Estee Lauder Companies Inc., Cl. A | 116,340 | ||||
4,280 | Unilever plc | 239,321 | ||||
|
| |||||
106,839,789 | ||||||
|
| |||||
Business Services — 4.5% | ||||||
11,000 | Allegion plc | 1,381,820 | ||||
9,100 | Applus Services SA† | 94,230 | ||||
480,000 | Clear Channel Outdoor Holdings Inc.† | 864,000 | ||||
200,000 | Diebold Nixdorf Inc.† | 2,826,000 | ||||
3,000 | Edenred | 156,696 | ||||
160,000 | G4S plc† | 540,411 | ||||
2,000 | ICF International Inc. | 174,800 | ||||
8,000 | IHS Markit Ltd. | 774,240 | ||||
16,000 | Jardine Matheson Holdings Ltd. | 1,046,240 | ||||
11,000 | Lamar Advertising Co., Cl. A, REIT | 1,033,120 | ||||
178,500 | Macquarie Infrastructure Corp. | 5,678,085 | ||||
169,780 | Mastercard Inc., Cl. A | 60,450,169 | ||||
80,000 | Network International Holdings plc† | 456,151 | ||||
155,000 | Resideo Technologies Inc.† | 4,378,750 | ||||
1,255,000 | Steel Connect Inc.† | 2,484,900 | ||||
220,000 | The Interpublic Group of Companies Inc. | 6,424,000 | ||||
10,000 | United Parcel Service Inc., Cl. B | 1,699,900 | ||||
1,000 | Viad Corp.† | 41,750 | ||||
13,960 | Visa Inc., Cl. A | 2,955,751 | ||||
5,000 | Willdan Group Inc.† | 205,250 | ||||
2,000 | Worldline SA† | 167,555 | ||||
|
| |||||
93,833,818 | ||||||
|
| |||||
Machinery — 4.1% | ||||||
25,000 | Astec Industries Inc. | 1,885,500 | ||||
12,800 | Caterpillar Inc. | 2,967,936 | ||||
318,610 | CNH Industrial NV† | 4,983,060 | ||||
148,500 | Deere & Co.(a) | 55,559,790 | ||||
201,000 | Xylem Inc. | 21,141,180 | ||||
|
| |||||
86,537,466 | ||||||
|
| |||||
Consumer Services — 3.5% | ||||||
430 | Amazon.com Inc.† | 1,330,454 | ||||
2,000 | Deutsche Post AG | 109,577 | ||||
16,000 | eBay Inc. | 979,840 | ||||
7,000 | HomeServe plc | 115,899 | ||||
45,000 | IAC/InterActiveCorp.† | 9,733,950 | ||||
142,000 | Liberty TripAdvisor Holdings Inc., Cl. A† | 905,960 | ||||
50,000 | Matthews International Corp., Cl. A | 1,977,500 | ||||
405,000 | Qurate Retail Inc., Cl. A | 4,762,800 | ||||
1,398,000 | Rollins Inc. | 48,119,160 | ||||
78,500 | Terminix Global Holdings Inc.† | 3,742,095 | ||||
4,000 | Travel + Leisure Co. | 244,640 | ||||
1,650 | Uber Technologies Inc.† | 89,941 | ||||
4,000 | WW International Inc.† | 125,120 | ||||
|
| |||||
72,236,936 | ||||||
|
|
4
The Gabelli Equity Trust Inc.
Schedule of Investments (Continued) — March 31, 2021 (Unaudited)
Shares | Market | |||||
COMMON STOCKS (Continued) | ||||||
Automotive: Parts and Accessories — 3.4% |
| |||||
8,500 | Aptiv plc† | $ | 1,172,150 | |||
89,600 | BorgWarner Inc. | 4,153,856 | ||||
640 | Cummins Inc. | 165,830 | ||||
310,900 | Dana Inc. | 7,564,197 | ||||
341 | Faurecia SE† | 18,145 | ||||
26,000 | Garrett Motion Inc.† | 134,940 | ||||
216,700 | Genuine Parts Co. | 25,048,353 | ||||
300,000 | Modine Manufacturing Co.† | 4,431,000 | ||||
46,500 | O’Reilly Automotive Inc.† | 23,587,125 | ||||
105,000 | Standard Motor Products Inc. | 4,365,900 | ||||
117,000 | Superior Industries International Inc.† | 664,560 | ||||
15,000 | Tenneco Inc., Cl. A† | 160,800 | ||||
|
| |||||
71,466,856 | ||||||
|
| |||||
Cable and Satellite — 2.8% | ||||||
45,000 | Altice USA Inc., Cl. A† | 1,463,850 | ||||
72,000 | AMC Networks Inc., Cl. A† | 3,827,520 | ||||
200 | Cable One Inc. | 365,672 | ||||
223,980 | Comcast Corp., Cl. A | 12,119,558 | ||||
73,642 | DISH Network Corp., Cl. A† | 2,665,840 | ||||
111,433 | EchoStar Corp., Cl. A† | 2,674,392 | ||||
145,605 | Liberty Global plc, Cl. A† | 3,736,224 | ||||
244,064 | Liberty Global plc, Cl. C† | 6,233,395 | ||||
52,987 | Liberty Latin America Ltd., Cl. A† | 679,823 | ||||
71,664 | Liberty Latin America Ltd., Cl. C† | 930,199 | ||||
4,000 | Naspers Ltd., Cl. N | 957,103 | ||||
386,800 | Rogers Communications Inc., Cl. B | 17,831,480 | ||||
160,000 | Shaw Communications Inc., Cl. B | 4,195,200 | ||||
|
| |||||
57,680,256 | ||||||
|
| |||||
Energy and Utilities — 2.6% | ||||||
33,000 | APA Corp. | 590,700 | ||||
5,000 | Atlantica Sustainable Infrastructure plc | 183,150 | ||||
60,000 | Avangrid Inc. | 2,988,600 | ||||
30,000 | BP plc, ADR | 730,500 | ||||
16,000 | CMS Energy Corp. | 979,520 | ||||
162,000 | ConocoPhillips | 8,581,140 | ||||
9,700 | Electricite de France SA† | 130,132 | ||||
98,400 | Enbridge Inc. | 3,581,760 | ||||
55,000 | Energy Transfer LP | 422,400 | ||||
68,700 | Enterprise Products Partners LP | 1,512,774 | ||||
1,500 | Eos Energy Enterprises Inc.† | 29,580 | ||||
35,000 | Evergy Inc. | 2,083,550 | ||||
27,000 | Eversource Energy | 2,337,930 | ||||
46,000 | Exxon Mobil Corp. | 2,568,180 | ||||
231,000 | Halliburton Co. | 4,957,260 | ||||
65,000 | Kinder Morgan Inc. | 1,082,250 | ||||
4,000 | Marathon Oil Corp. | 42,720 | ||||
8,000 | Marathon Petroleum Corp. | 427,920 | ||||
48,000 | National Fuel Gas Co. | 2,399,520 | ||||
49,320 | NextEra Energy Inc. | 3,729,085 |
Shares | Market | |||||
56,500 | NextEra Energy Partners LP. | $ | 4,117,720 | |||
4,000 | Niko Resources Ltd., Toronto† | 32 | ||||
20,034 | Occidental Petroleum Corp. | 533,305 | ||||
30,000 | Oceaneering International Inc.† | 342,600 | ||||
95,000 | PG&E Corp.† | 1,112,450 | ||||
21,000 | Phillips 66 | 1,712,340 | ||||
7,500 | PNM Resources Inc. | 367,875 | ||||
75,180 | RPC Inc.† | 405,972 | ||||
40,000 | Schlumberger NV | 1,087,600 | ||||
30,770 | Southwest Gas Holdings Inc. | 2,114,207 | ||||
100,000 | The AES Corp. | 2,681,000 | ||||
2,280 | TOTAL SE | 106,349 | ||||
31,000 | UGI Corp. | 1,271,310 | ||||
|
| |||||
55,211,431 | ||||||
|
| |||||
Electronics — 2.5% | ||||||
6,400 | ams AG† | 127,573 | ||||
41,591 | Bel Fuse Inc., Cl. A | 743,647 | ||||
20,000 | Flex Ltd.† | 366,200 | ||||
4,000 | Hitachi Ltd., ADR | 369,800 | ||||
56,500 | Intel Corp. | 3,616,000 | ||||
390 | KLA Corp. | 128,856 | ||||
33,000 | Koninklijke Philips NV† | 1,881,990 | ||||
1,400 | Mettler-Toledo International Inc.† | 1,617,966 | ||||
7,500 | Plug Power Inc.† | 268,800 | ||||
70 | Roku Inc.† | 22,804 | ||||
16,000 | Sony Group Corp., ADR | 1,696,160 | ||||
40,000 | TE Connectivity Ltd. | 5,164,400 | ||||
191,500 | Texas Instruments Inc. | 36,191,585 | ||||
920 | Thermo Fisher Scientific Inc. | 419,870 | ||||
6,000 | Vishay Precision Group Inc.† | 184,860 | ||||
|
| |||||
52,800,511 | ||||||
|
| |||||
Retail — 2.4% | ||||||
60,000 | AutoNation Inc.† | 5,593,200 | ||||
5,000 | Casey’s General Stores Inc. | 1,080,950 | ||||
37,200 | Costco Wholesale Corp. | 13,112,256 | ||||
97,500 | CVS Health Corp. | 7,334,925 | ||||
2,000 | Dollar Tree Inc.† | 228,920 | ||||
23,000 | Lowe’s Companies Inc. | 4,374,140 | ||||
125,000 | Macy’s Inc. | 2,023,750 | ||||
16,000 | Movado Group Inc. | 455,200 | ||||
1,800 | NIKE Inc., Cl. B | 239,202 | ||||
39,728 | PetIQ Inc.† | 1,400,809 | ||||
35,000 | Sally Beauty Holdings Inc.† | 704,550 | ||||
11,400 | Shake Shack Inc., Cl. A† | 1,285,578 | ||||
80,000 | The Wendy’s Co. | 1,620,800 | ||||
83,000 | Vroom Inc.† | 3,236,170 | ||||
52,000 | Walgreens Boots Alliance Inc. | 2,854,800 | ||||
30,000 | Walmart Inc. | 4,074,900 | ||||
|
| |||||
49,620,150 | ||||||
|
|
5
The Gabelli Equity Trust Inc.
Schedule of Investments (Continued) — March 31, 2021 (Unaudited)
Shares | Market | |||||
COMMON STOCKS (Continued) | ||||||
Broadcasting — 2.2% | ||||||
2,000 | Cogeco Inc. | $ | 154,293 | |||
24,000 | Corus Entertainment Inc., OTC, Cl. B | 109,440 | ||||
138,400 | Fox Corp., Cl. A | 4,997,624 | ||||
54,000 | Fox Corp., Cl. B | 1,886,220 | ||||
16,000 | Gray Television Inc. | 294,400 | ||||
19,250 | Liberty Broadband Corp., Cl. A† | 2,794,137 | ||||
89,172 | Liberty Broadband Corp., Cl. C† | 13,389,176 | ||||
48,333 | Liberty Media Corp.- Liberty Formula One, Cl. A† | 1,847,287 | ||||
48,250 | Liberty Media Corp.- Liberty Formula One, Cl. C† | 2,088,743 | ||||
55,000 | Liberty Media Corp.- Liberty SiriusXM, Cl. A† | 2,424,400 | ||||
183,449 | Liberty Media Corp.- Liberty SiriusXM, Cl. C† | 8,091,935 | ||||
267,600 | MSG Networks Inc., Cl. A† | 4,024,704 | ||||
19,000 | Nexstar Media Group Inc., Cl. A | 2,668,170 | ||||
30,000 | Sinclair Broadcast Group Inc., Cl. A | 877,800 | ||||
50,000 | TEGNA Inc. | 941,500 | ||||
80,000 | Television Broadcasts Ltd. | 83,251 | ||||
|
| |||||
46,673,080 | ||||||
|
| |||||
Specialty Chemicals — 2.2% | ||||||
11,000 | AdvanSix Inc.† | 295,020 | ||||
1,600 | Covestro AG | 107,588 | ||||
157,000 | DuPont de Nemours Inc. | 12,132,960 | ||||
443,500 | Ferro Corp.† | 7,477,410 | ||||
13,000 | FMC Corp. | 1,437,930 | ||||
138,000 | GCP Applied Technologies Inc.† | 3,386,520 | ||||
15,000 | H.B. Fuller Co. | 943,650 | ||||
63,500 | International Flavors & Fragrances Inc. | 8,865,235 | ||||
2,800 | Johnson Matthey plc | 116,304 | ||||
450 | Linde plc | 126,063 | ||||
131,900 | Sensient Technologies Corp. | 10,288,200 | ||||
34,400 | SGL Carbon SE† | 243,659 | ||||
2,000 | The Chemours Co. | 55,820 | ||||
260 | The Sherwin-Williams Co. | 191,883 | ||||
|
| |||||
45,668,242 | ||||||
|
| |||||
Aerospace and Defense — 2.0% | ||||||
294,300 | Aerojet Rocketdyne Holdings Inc. | 13,820,328 | ||||
1,400 | Airbus SE† | 158,497 | ||||
15,000 | Avio SpA† | 216,011 | ||||
22,000 | BAE Systems plc | 153,162 | ||||
15,000 | dMY Technology Group Inc. II, Cl. A† | 220,650 | ||||
14,000 | Howmet Aerospace Inc.† | 449,820 | ||||
400 | IQVIA Holdings Inc.† | 77,256 | ||||
37,500 | Kaman Corp. | 1,923,375 | ||||
1,000 | Kratos Defense & Security Solutions Inc.† | 27,280 | ||||
13,000 | L3Harris Technologies Inc. | 2,634,840 | ||||
17,500 | Northrop Grumman Corp. | 5,663,700 |
Shares | Market | |||||
10,000 | Raytheon Technologies Corp. | $ | 772,700 | |||
4,115,666 | Rolls-Royce Holdings plc† | 5,974,572 | ||||
2,500 | Thales SA | 248,378 | ||||
41,000 | The Boeing Co.† | 10,443,520 | ||||
|
| |||||
42,784,089 | ||||||
|
| |||||
Telecommunications — 2.0% | ||||||
58,000 | AT&T Inc. | 1,755,660 | ||||
55,400 | BCE Inc. | 2,500,756 | ||||
874,200 | BT Group plc, Cl. A† | 1,865,606 | ||||
7,040,836 | Cable & Wireless Jamaica Ltd.†(b) | 56,059 | ||||
30,000 | Cincinnati Bell Inc.† | 460,500 | ||||
4,000 | Comtech Telecommunications Corp. | 99,360 | ||||
29,180 | Deutsche Telekom AG | 587,547 | ||||
125,000 | Deutsche Telekom AG, ADR | 2,530,000 | ||||
36,000 | Hellenic Telecommunications Organization SA | 577,531 | ||||
15,000 | Hellenic Telecommunications Organization SA, ADR | 118,950 | ||||
264,732 | Koninklijke KPN NV | 898,446 | ||||
70,000 | Loral Space & Communications Inc. | 2,636,900 | ||||
82,500 | Lumen Technologies Inc. | 1,101,375 | ||||
1,100,000 | NII Holdings Inc., Escrow†(b) | 2,387,000 | ||||
16,000 | Oi SA, ADR† | 6,496 | ||||
4,267 | Oi SA, Cl. C, ADR† | 7,083 | ||||
21,000 | Telecom Argentina SA, ADR | 115,920 | ||||
535,000 | Telecom Italia SpA | 289,354 | ||||
70,000 | Telefonica Brasil SA, ADR | 550,900 | ||||
563,739 | Telefonica SA, ADR | 2,553,738 | ||||
530,000 | Telephone and Data Systems Inc. | 12,168,800 | ||||
105,000 | Telesites SAB de CV† | 108,753 | ||||
50,000 | TELUS Corp. | 995,862 | ||||
46,075 | TIM SA, ADR | 522,951 | ||||
76,000 | VEON Ltd., ADR† | 134,520 | ||||
98,000 | Verizon Communications Inc. | 5,698,700 | ||||
174,000 | Vodafone Group plc | 316,349 | ||||
78,800 | Vodafone Group plc, ADR | 1,452,284 | ||||
|
| |||||
42,497,400 | ||||||
|
| |||||
Environmental Services — 1.9% | ||||||
47,000 | Biffa plc† | 172,353 | ||||
30,000 | Pentair plc | 1,869,600 | ||||
230,000 | Republic Services Inc. | 22,850,500 | ||||
16,600 | Veolia Environnement SA | 425,545 | ||||
118,600 | Waste Management Inc. | 15,301,772 | ||||
|
| |||||
40,619,770 | ||||||
|
| |||||
Computer Software and Services — 1.8% |
| |||||
650 | Adobe Inc.† | 308,991 | ||||
500 | Alibaba Group Holding Ltd., ADR† | 113,365 | ||||
150 | Alphabet Inc., Cl. A† | 309,378 | ||||
6,330 | Alphabet Inc., Cl. C† | 13,094,428 | ||||
2,200 | Atos SE† | 171,618 | ||||
14,000 | Avast plc | 88,010 |
6
The Gabelli Equity Trust Inc.
Schedule of Investments (Continued) — March 31, 2021 (Unaudited)
Shares | Market | |||||
COMMON STOCKS (Continued) | ||||||
Computer Software and Services (Continued) | ||||||
5,200 | Blue Prism Group plc† | $ | 91,043 | |||
1,000 | Capgemini SE | 170,159 | ||||
9,000 | Check Point Software Technologies Ltd.† | 1,007,730 | ||||
2,250 | Cloudflare Inc., Cl. A† | 158,085 | ||||
940 | CrowdStrike Holdings Inc., Cl. A† | 171,559 | ||||
1,080 | Dassault Systemes SE | 231,013 | ||||
14,855 | Facebook Inc., Cl. A† | 4,375,243 | ||||
300 | FactSet Research Systems Inc. | 92,577 | ||||
1,800 | Fidelity National Information Services Inc. | 253,098 | ||||
15,000 | FireEye Inc.† | 293,550 | ||||
13,820 | Fiserv Inc.† | 1,645,133 | ||||
70,000 | GTY Technology Holdings Inc.† | 447,300 | ||||
130,000 | Hewlett Packard Enterprise Co. | 2,046,200 | ||||
3,000 | I3 Verticals Inc., Cl. A† | 93,375 | ||||
19,500 | Match Group Inc.† | 2,678,910 | ||||
2,000 | Micron Technology Inc.† | 176,420 | ||||
5,850 | Microsoft Corp. | 1,379,255 | ||||
2,000 | MKS Instruments Inc. | 370,840 | ||||
5,000 | NortonLifeLock Inc. | 106,300 | ||||
550 | NVIDIA Corp. | 293,661 | ||||
140,000 | Oxford Metrics plc | 181,424 | ||||
3,200 | PSI Software AG | 100,571 | ||||
18,500 | Rockwell Automation Inc. | 4,910,640 | ||||
700 | salesforce.com Inc.† | 148,309 | ||||
1,800 | SAP SE, ADR | 221,022 | ||||
640 | ServiceNow Inc.† | 320,070 | ||||
585 | Snowflake Inc., Cl. A† | 134,129 | ||||
47,000 | SolarWinds Corp.† | 819,680 | ||||
30,000 | SVMK Inc.† | 549,600 | ||||
4,900 | Tailwind Acquisition Corp., Cl. A† | 48,608 | ||||
1,300 | Temenos AG | 187,129 | ||||
1,250 | Unity Software Inc.† | 125,387 | ||||
200 | Veeva Systems Inc., Cl. A† | 52,248 | ||||
500 | VMware Inc., Cl. A† | 75,225 | ||||
100 | Zoom Video Communications Inc., Cl. A† | 32,129 | ||||
|
| |||||
38,073,412 | ||||||
|
| |||||
Building and Construction — 1.8% |
| |||||
27,000 | Arcosa Inc. | 1,757,430 | ||||
18,000 | Assa Abloy AB, Cl. B | 517,321 | ||||
4,000 | Cie de Saint-Gobain† | 236,041 | ||||
70,000 | Fortune Brands Home & Security Inc. | 6,707,400 | ||||
22,000 | Gencor Industries Inc.† | 295,020 | ||||
90,448 | Herc Holdings Inc.† | 9,165,096 | ||||
35,200 | Ibstock plc† | 106,856 | ||||
215,814 | Johnson Controls International plc | 12,877,621 | ||||
17,200 | KBR Inc. | 660,308 | ||||
20,000 | PGT Innovations Inc.† | 505,000 | ||||
12,000 | Sika AG | 3,428,027 |
Shares | Market | |||||
3,000 | Vulcan Materials Co. | $ | 506,250 | |||
|
| |||||
36,762,370 | ||||||
|
| |||||
Hotels and Gaming — 1.7% | ||||||
73,500 | 888 Holdings plc | 400,242 | ||||
16,000 | Accor SA† | 603,424 | ||||
10,000 | Better Collective A/S† | 245,035 | ||||
114,057 | Entain plc† | 2,386,888 | ||||
2,000 | Frontier Developments plc† | 74,996 | ||||
2,000 | Gamesys Group plc | 53,269 | ||||
33,700 | GAN Ltd.† | 613,340 | ||||
8,000 | Hyatt Hotels Corp., Cl. A† | 661,600 | ||||
18,000 | Las Vegas Sands Corp.† | 1,093,680 | ||||
45,000 | LeoVegas AB | 263,556 | ||||
4,408,500 | Mandarin Oriental International Ltd.† | 7,847,130 | ||||
13,000 | Marriott International Inc., Cl. A† | 1,925,430 | ||||
70,000 | MGM China Holdings Ltd. | 124,259 | ||||
54,400 | MGM Growth Properties LLC, Cl. A, REIT | 1,774,528 | ||||
81,000 | MGM Resorts International | 3,077,190 | ||||
7,300 | Penn National Gaming Inc.† | 765,332 | ||||
20,000 | PlayAGS Inc.† | 161,600 | ||||
127,800 | Ryman Hospitality Properties Inc., REIT† | 9,905,778 | ||||
200,000 | The Hongkong & Shanghai Hotels Ltd. | 198,865 | ||||
32,000 | The Marcus Corp.† | 639,680 | ||||
250,000 | William Hill plc† | 937,448 | ||||
4,000 | Wyndham Hotels & Resorts Inc. | 279,120 | ||||
6,000 | Wynn Resorts Ltd.† | 752,220 | ||||
|
| |||||
34,784,610 | ||||||
|
| |||||
Aviation: Parts and Services — 1.3% |
| |||||
12,000 | Astronics Corp.† | 216,480 | ||||
183,300 | Curtiss-Wright Corp. | 21,739,380 | ||||
829,904 | Signature Aviation plc† | 4,625,619 | ||||
|
| |||||
26,581,479 | ||||||
|
| |||||
Real Estate — 0.9% | ||||||
8,000 | Bresler & Reiner Inc.† | 608 | ||||
10,267 | Gaming and Leisure Properties Inc., REIT | 435,629 | ||||
57,775 | Indus Realty Trust Inc., REIT | 3,475,744 | ||||
29,000 | Rayonier Inc., REIT | 935,250 | ||||
320,000 | The St. Joe Co. | 13,728,000 | ||||
15,000 | Weyerhaeuser Co., REIT | 534,000 | ||||
|
| |||||
19,109,231 | ||||||
|
| |||||
Metals and Mining — 0.9% | ||||||
37,400 | Agnico Eagle Mines Ltd. | 2,162,094 | ||||
50,000 | Barrick Gold Corp. | 990,000 | ||||
30,000 | Cleveland-Cliffs Inc.† | 603,300 | ||||
116,000 | Freeport-McMoRan Inc.† | 3,819,880 | ||||
3,000 | Kirkland Lake Gold Ltd. | 101,400 | ||||
20,253 | Livent Corp.† | 350,782 | ||||
4,300 | Materion Corp. | 284,832 | ||||
50,000 | New Hope Corp. Ltd. | 53,928 |
7
The Gabelli Equity Trust Inc.
Schedule of Investments (Continued) — March 31, 2021 (Unaudited)
Shares | Market | |||||
COMMON STOCKS (Continued) | ||||||
Metals and Mining (Continued) | ||||||
142,000 | Newmont Corp. | $ | 8,558,340 | |||
62,000 | TimkenSteel Corp.† | 728,500 | ||||
10,000 | Turquoise Hill Resources Ltd.† | 160,900 | ||||
10,000 | Vale SA, ADR | 173,800 | ||||
|
| |||||
17,987,756 | ||||||
|
| |||||
Automotive — 0.7% | ||||||
2,000 | Daimler AG | 178,274 | ||||
66,000 | General Motors Co.† | 3,792,360 | ||||
85,000 | Navistar International Corp.† | 3,742,550 | ||||
70,000 | PACCAR Inc. | 6,504,400 | ||||
20,000 | Stellantis NV | 355,800 | ||||
8,000 | The Shyft Group Inc. | 297,600 | ||||
1,800 | Toyota Motor Corp., ADR | 280,908 | ||||
20,000 | Traton SE | 539,442 | ||||
|
| |||||
15,691,334 | ||||||
|
| |||||
Communications Equipment — 0.6% |
| |||||
14,650 | Apple Inc. | 1,789,497 | ||||
1,000 | Arista Networks Inc.† | 301,890 | ||||
228,000 | Corning Inc. | 9,920,280 | ||||
70,000 | Limelight Networks Inc.† | 249,900 | ||||
1,200 | Motorola Solutions Inc. | 225,660 | ||||
4,490 | QUALCOMM Inc. | 595,329 | ||||
12,500 | Telefonaktiebolaget LM Ericsson, Cl. B | 165,384 | ||||
|
| |||||
13,247,940 | ||||||
|
| |||||
Transportation — 0.6% | ||||||
45 | AP Moller—Maersk A/S, Cl. B | 104,532 | ||||
10,000 | easyJet plc† | 134,855 | ||||
130,200 | GATX Corp. | 12,074,748 | ||||
|
| |||||
12,314,135 | ||||||
|
| |||||
Wireless Communications — 0.6% |
| |||||
105,000 | America Movil SAB de CV, Cl. L, ADR | 1,425,900 | ||||
3,000 | Anterix Inc.† | 141,480 | ||||
75,000 | Millicom International Cellular SA, SDR† | 2,885,458 | ||||
25,907 | T-Mobile US Inc.† | 3,245,888 | ||||
105,400 | United States Cellular Corp.† | 3,844,992 | ||||
|
| |||||
11,543,718 | ||||||
|
| |||||
Agriculture — 0.5% | ||||||
196,000 | Archer-Daniels-Midland Co. | 11,172,000 | ||||
10,000 | The Mosaic Co. | 316,100 | ||||
|
| |||||
11,488,100 | ||||||
|
| |||||
Publishing — 0.4% | ||||||
1,400 | Graham Holdings Co., Cl. B | 787,416 | ||||
55,000 | Meredith Corp.† | 1,637,900 | ||||
105,000 | News Corp., Cl. A | 2,670,150 | ||||
90,600 | News Corp., Cl. B | 2,125,476 |
Shares | Market | |||||
70,000 | The E.W. Scripps Co., Cl. A | $ | 1,348,900 | |||
|
| |||||
8,569,842 | ||||||
|
| |||||
Manufactured Housing and Recreational Vehicles — 0.3% |
| |||||
2,150 | Cavco Industries Inc.† | 485,062 | ||||
11,514 | Legacy Housing Corp.† | 204,143 | ||||
5,000 | Martin Marietta Materials Inc. | 1,679,100 | ||||
33,600 | Nobility Homes Inc. | 1,041,600 | ||||
42,000 | Skyline Champion Corp.† | 1,900,920 | ||||
|
| |||||
5,310,825 | ||||||
|
| |||||
Semiconductors — 0.1% | ||||||
4,500 | Advanced Micro Devices Inc.† | 353,250 | ||||
1,000 | Analog Devices Inc. | 155,080 | ||||
1,180 | Applied Materials Inc. | 157,648 | ||||
230 | ASML Holding NV | 141,993 | ||||
220 | Lam Research Corp. | 130,953 | ||||
3,000 | Taiwan Semiconductor Manufacturing Co. Ltd., ADR | 354,840 | ||||
|
| |||||
1,293,764 | ||||||
|
| |||||
Computer Hardware — 0.0% | ||||||
1,100 | International Business Machines Corp. | 146,586 | ||||
|
| |||||
TOTAL COMMON STOCKS | 2,028,590,591 | |||||
|
| |||||
CLOSED-END FUNDS — 0.5% | ||||||
245,000 | Altaba Inc., Escrow† | 3,564,750 | ||||
4,285 | Royce Global Value Trust Inc. | 60,890 | ||||
45,000 | Royce Value Trust Inc. | 814,950 | ||||
96,964 | The Central Europe, Russia, and Turkey Fund Inc. | 2,334,893 | ||||
159,600 | The New Germany Fund Inc. | 3,155,292 | ||||
|
| |||||
TOTAL CLOSED-END FUNDS | 9,930,775 | |||||
|
| |||||
PREFERRED STOCKS — 0.1% | ||||||
Consumer Services — 0.1% | ||||||
12,750 | Qurate Retail Inc., 8.000%, 03/15/31 | 1,296,038 | ||||
|
| |||||
CONVERTIBLE PREFERRED STOCKS — 0.0% |
| |||||
Telecommunications — 0.0% | ||||||
21,000 | Cincinnati Bell Inc., | 1,048,740 | ||||
|
| |||||
RIGHTS — 0.0% | ||||||
Entertainment — 0.0% | ||||||
139,123 | Media General Inc., CVR†(b) | 0 | ||||
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8
The Gabelli Equity Trust Inc.
Schedule of Investments (Continued) — March 31, 2021 (Unaudited)
Shares | Market | |||||
WARRANTS — 0.0% | ||||||
Diversified Industrial — 0.0% | ||||||
379,000 | Ampco-Pittsburgh Corp., expire 08/01/25† | $ | 500,280 | |||
|
| |||||
Energy and Utilities — 0.0% | ||||||
2,504 | Occidental Petroleum Corp., expire 08/03/27† | 29,823 | ||||
|
| |||||
Financial Services — 0.0% | ||||||
2,222 | Pershing Square Tontine Holdings Ltd., expire 07/24/21† | 18,109 | ||||
|
| |||||
TOTAL WARRANTS | 548,212 | |||||
|
| |||||
Principal | ||||||
U.S. GOVERNMENT OBLIGATIONS — 2.5% |
| |||||
$51,967,000 | U.S. Treasury Bills, | 51,965,866 | ||||
|
| |||||
TOTAL INVESTMENTS — 100.0% (Cost $1,224,990,555) | $ | 2,093,380,222 | ||||
|
|
(a) | Securities, or a portion thereof, with a value of $80,667,600 were pledged as collateral for futures contracts. |
(b) | 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 |
CVR | Contingent Value Right |
REIT | Real Estate Investment Trust |
SDR | Swedish Depositary Receipt |
Geographic Diversification | % of Total | Market | ||||||||
North America | 83.1 | % | $ | 1,738,567,693 | ||||||
Europe | 14.0 | 293,809,349 | ||||||||
Japan | 1.4 | 29,988,733 | ||||||||
Latin America | 0.9 | 19,229,314 | ||||||||
Asia/Pacific | 0.5 | 10,828,030 | ||||||||
South Africa | 0.1 | 957,103 | ||||||||
|
|
|
| |||||||
Total Investments | 100.0 | % | $ | 2,093,380,222 | ||||||
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|
As of March 31, 2021, futures contracts outstanding were as follows:
Description | Long/Short | Number of Contracts | Expiration Date | Notional Amount | Value | Unrealized Depreciation | ||||||||||||||||||
S&P 500 Futures (E-Mini) | Short | 65 | 06/18/21 | $12,894,050 | $ | (261,300 | ) | $ | (261,300 | ) | ||||||||||||||
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| |||||||||||||||||||||||
TOTAL FUTURES | $ | (261,300 | ) | |||||||||||||||||||||
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9