The Gabelli Focus Five Fund
Schedule of Investments — December 31, 2019 (Unaudited)
Shares | Market Value | |||||||
COMMON STOCKS — 88.0% | ||||||||
Automotive: Parts and Accessories — 2.6% | ||||||||
13,500 | Aptiv plc | $ | 1,282,095 | |||||
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Building and Construction — 7.3% | ||||||||
55,000 | Herc Holdings Inc.† | 2,691,700 | ||||||
55,031 | PGT Innovations Inc.† | 820,512 | ||||||
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3,512,212 | ||||||||
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Business Services — 5.2% | ||||||||
58,600 | Macquarie Infrastructure Corp. | 2,510,424 | ||||||
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Cable and Satellite — 6.5% | ||||||||
12,500 | EchoStar Corp., Cl. A† | 541,375 | ||||||
59,000 | Liberty Media Corp.- | 2,583,020 | ||||||
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3,124,395 | ||||||||
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Computer Software and Services — 5.6% | ||||||||
1,500 | Alphabet Inc., Cl. C† | 2,005,530 | ||||||
625,000 | Internap Corp.† | 687,500 | ||||||
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2,693,030 | ||||||||
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Consumer Services — 3.2% | ||||||||
9,500 | GCI Liberty Inc., Cl. A† | 673,075 | ||||||
22,500 | ServiceMaster Global Holdings Inc.† | 869,850 | ||||||
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1,542,925 | ||||||||
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Diversified Industrial — 6.2% | ||||||||
25,000 | Colfax Corp.† | 909,500 | ||||||
8,500 | EnPro Industries Inc. | 568,480 | ||||||
58,187 | Ferro Corp.† | 862,913 | ||||||
30,000 | GCP Applied Technologies Inc.† | 681,300 | ||||||
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3,022,193 | ||||||||
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Energy and Utilities — 4.4% | ||||||||
60,000 | California Resources Corp.† | 541,800 | ||||||
30,000 | NextEra Energy Partners LP | 1,579,500 | ||||||
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2,121,300 | ||||||||
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Entertainment — 3.2% | ||||||||
215,000 | Sirius XM Holdings Inc. | 1,537,250 | ||||||
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Equipment and Supplies — 2.5% | ||||||||
10,500 | CIRCOR International Inc.† | 485,520 | ||||||
60,915 | Mueller Water Products Inc., Cl. A | 729,762 | ||||||
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1,215,282 | ||||||||
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Financial Services — 9.1% | ||||||||
26,000 | Apollo Global Management Inc. | 1,240,460 |
Shares | Market Value | |||||||
10,000 | E*TRADE Financial Corp. | $ | 453,700 | |||||
45,000 | New York Community Bancorp Inc. | 540,900 | ||||||
7,500 | PayPal Holdings Inc.† | 811,275 | ||||||
37,500 | Synchrony Financial | 1,350,375 | ||||||
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4,396,710 | ||||||||
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Food and Beverage — 9.7% | ||||||||
72,500 | Maple Leaf Foods Inc. | 1,444,920 | ||||||
20,000 | Mondelēz International Inc., Cl. A | 1,101,600 | ||||||
19,500 | Post Holdings Inc.† | 2,127,450 | ||||||
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4,673,970 | ||||||||
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Health Care — 10.1% | ||||||||
97,500 | Covetrus Inc.† | 1,287,000 | ||||||
970,000 | Option Care Health Inc.† | 3,618,100 | ||||||
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4,905,100 | ||||||||
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Hotels and Gaming — 5.3% | ||||||||
77,500 | MGM Resorts International | 2,578,425 | ||||||
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Retail — 4.2% | ||||||||
35,100 | Newell Brands Inc. | 674,622 | ||||||
55,000 | PetIQ Inc.† | 1,377,750 | ||||||
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2,052,372 | ||||||||
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Telecommunications — 2.9% | ||||||||
105,000 | Gogo Inc.† | 672,000 | ||||||
9,253 | T-Mobile US Inc.† | 725,620 | ||||||
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1,397,620 | ||||||||
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TOTAL COMMON STOCKS | 42,565,303 | |||||||
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Principal Amount | ||||||||
U.S. GOVERNMENT OBLIGATIONS — 12.0% | ||||||||
$5,808,000 | U.S. Treasury Bills, | 5,795,299 | ||||||
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TOTAL INVESTMENTS — 100.0% | $ | 48,360,602 | ||||||
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† | Non-income producing security. |
†† | Represents annualized yields at dates of purchase. |
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