The Gabelli Growth Fund Class AAA (GABGX) NPORT-P The Gabelli Growth Fund (Mar 2020 report)

The Gabelli Growth Fund

Schedule of Investments — March 31, 2020 (Unaudited)

Shares			Market Value
		COMMON STOCKS — 99.2%
		TECHNOLOGY - COMPUTER SOFTWARE AND SERVICES — 18.5%
	73,200	Adobe Inc.†	$	23,295,168
	29,000	Autodesk Inc.†		4,526,900
	22,000	Coupa Software Inc.†		3,074,060
	413,300	Microsoft Corp.		65,181,543
	16,000	MSCI Inc.		4,623,360
	17,000	Rockwell Automation Inc.		2,565,470
	58,800	ServiceNow Inc.†		16,850,904
				120,117,405
		HEALTH CARE — 17.6%
	272,000	Bristol-Myers Squibb Co.		15,161,280
	57,800	Danaher Corp.		8,000,098
	46,600	Edwards Lifesciences Corp.†		8,789,692
	9,700	Illumina Inc.†		2,649,264
	6,300	Intuitive Surgical Inc.†		3,119,823
	74,000	Medtronic plc		6,673,320
	107,000	Merck & Co. Inc.		8,232,580
	54,100	Thermo Fisher Scientific Inc.		15,342,760
	92,300	UnitedHealth Group Inc.		23,017,774
	198,300	Zoetis Inc.		23,337,927
				114,324,518
		CONSUMER DISCRETIONARY - OTHER — 17.4%
	22,600	Amazon.com Inc.†		44,063,672
	35,600	Costco Wholesale Corp.		10,150,628
	59,800	McDonald’s Corp.		9,887,930
	27,900	Netflix Inc.†		10,476,450
	86,000	NIKE Inc., Cl. B		7,115,640
	65,000	Starbucks Corp.		4,273,100
	41,200	The Estee Lauder Companies Inc., Cl. A		6,564,808
	84,300	The Home Depot Inc.		15,739,653
	10,000	The Sherwin-Williams Co.		4,595,200
				112,867,081
		FINANCIAL SERVICES — 16.8%
	45,500	American Tower Corp., REIT		9,907,625
	10,400	BlackRock Inc.		4,575,688
	71,000	Crown Castle International Corp., REIT		10,252,400
	94,000	Fidelity National Information Services Inc.		11,434,160
	104,400	Fiserv Inc.†		9,916,956
	48,000	JPMorgan Chase & Co.		4,321,440
	89,300	Mastercard Inc., Cl. A		21,571,308
	104,700	PayPal Holdings Inc.†		10,023,978
	90,000	The Blackstone Group Inc., Cl. A		4,101,300
	80,000	The Charles Schwab Corp.		2,689,600

Shares			Market Value
	28,000	The Goldman Sachs Group Inc.	$	4,328,520
	99,100	Visa Inc., Cl. A		15,966,992
				109,089,967
		TECHNOLOGY - COMPUTER TECHNOLOGY, SEMICONDUCTORS, AND COMPONENTS — 12.6%
	183,600	Apple Inc.		46,687,644
	138,600	Applied Materials Inc.		6,350,652
	16,200	ASML Holding NV		4,238,568
	17,000	Lam Research Corp.		4,080,000
	75,800	NVIDIA Corp.		19,980,880
				81,337,744
		TECHNOLOGY - INTERNET — 9.4%
	17,100	Alphabet Inc., Cl. A†		19,869,345
	12,645	Alphabet Inc., Cl. C†		14,703,732
	157,200	Facebook Inc., Cl. A†		26,220,960
				60,794,037
		PRODUCER DURABLES — 2.2%
	20,000	Lockheed Martin Corp.		6,779,000
	8,800	Roper Technologies Inc.		2,743,928
	32,000	The Boeing Co.		4,772,480
				14,295,408
		UTILITIES — 1.7%
	46,900	NextEra Energy Inc.		11,285,078
		CONSUMER STAPLES — 1.5%
	81,100	PepsiCo Inc.		9,740,110
		CONSUMER DISCRETIONARY - MEDIA — 1.5%
	98,700	The Walt Disney Co.		9,534,420
		TOTAL COMMON STOCKS		643,385,768
Principal Amount
		U.S. GOVERNMENT OBLIGATIONS — 0.8%
	$4,883,000	U.S. Treasury Bills,
		0.020% to 1.533%††,
		05/07/20 to 09/24/20		4,881,892
		TOTAL INVESTMENTS — 100.0% (Cost $414,712,962)	$	648,267,660

† Non-income producing security.

†† Represents annualized yields at dates of purchase.

REIT Real Estate Investment Trust

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