The Gabelli Small Cap Growth Fund
Schedule of Investments — June 30, 2020 (Unaudited)
Shares | Market | |||||||
COMMON STOCKS — 99.0% | ||||||||
Aerospace — 2.2% | ||||||||
877,000 | Aerojet Rocketdyne Holdings Inc.† | $ | 34,764,280 | |||||
20,000 | Allied Motion Technologies Inc. | 706,000 | ||||||
40,000 | Innovative Solutions and Support Inc.† | 200,000 | ||||||
|
| |||||||
35,670,280 | ||||||||
|
| |||||||
Agriculture — 0.0% | ||||||||
12,000 | Cadiz Inc.† | 121,920 | ||||||
13,000 | Limoneira Co. | 188,370 | ||||||
|
| |||||||
310,290 | ||||||||
|
| |||||||
Automotive — 1.9% | ||||||||
1,079,000 | Navistar International Corp.† | 30,427,800 | ||||||
6,000 | PACCAR Inc. | 449,100 | ||||||
|
| |||||||
30,876,900 | ||||||||
|
| |||||||
Automotive: Parts and Accessories — 3.1% | ||||||||
175,000 | BorgWarner Inc. | 6,177,500 | ||||||
88,022 | China Automotive Systems Inc.† | 254,383 | ||||||
1,140,000 | Dana Inc. | 13,896,600 | ||||||
905,000 | Freni Brembo SpA† | 8,362,872 | ||||||
418,000 | Modine Manufacturing Co.† | 2,307,360 | ||||||
18,000 | Monro Inc. | 988,920 | ||||||
4,400 | O’Reilly Automotive Inc.† | 1,855,348 | ||||||
45,000 | Puradyn Filter Technologies Inc.† | 409 | ||||||
192,000 | Standard Motor Products Inc. | 7,910,400 | ||||||
195,000 | Strattec Security Corp.(a) | 3,108,300 | ||||||
4,000 | Superior Industries International Inc. | 6,800 | ||||||
332,000 | Tenneco Inc., Cl. A† | 2,509,920 | ||||||
21,500 | Thor Industries Inc. | 2,290,395 | ||||||
20,000 | Uni-Select Inc. | 108,574 | ||||||
|
| |||||||
49,777,781 | ||||||||
|
| |||||||
Aviation: Parts and Services — 3.4% | ||||||||
22,000 | AAR Corp. | 454,740 | ||||||
9,500 | Astronics Corp.† | 100,320 | ||||||
22,700 | Astronics Corp., Cl. B† | 245,160 | ||||||
47,000 | Ducommun Inc.† | 1,638,890 | ||||||
742,000 | Kaman Corp. | 30,867,200 | ||||||
90,000 | Moog Inc., Cl. A | 4,768,200 | ||||||
16,500 | Moog Inc., Cl. B | 931,343 | ||||||
4,580,000 | Signature Aviation plc | 13,160,463 | ||||||
37,000 | Woodward Inc. | 2,869,350 | ||||||
|
| |||||||
55,035,666 | ||||||||
|
| |||||||
Broadcasting — 1.6% | ||||||||
306,000 | Beasley Broadcast Group Inc., Cl. A | 743,580 | ||||||
10,000 | Cogeco Communications Inc. | 720,462 | ||||||
23,300 | Cogeco Inc. | 1,390,517 | ||||||
190,000 | Corus Entertainment Inc., Cl. B | 400,265 | ||||||
40,000 | Fox Corp., Cl. A | 1,072,800 | ||||||
25,000 | Gray Television Inc.† | 348,750 | ||||||
72,350 | Gray Television Inc., Cl. A† | 939,103 | ||||||
400,000 | ITV plc | 370,143 | ||||||
17,000 | Liberty Broadband Corp., Cl. A† | 2,077,230 |
Shares | Market | |||||||
13,000 | Liberty Broadband Corp., Cl. C† | $ | 1,611,480 | |||||
20,000 | Liberty Media Corp.-Liberty Formula One, Cl. A† | 583,600 | ||||||
27,000 | Liberty Media Corp.-Liberty Formula One, Cl. C† | 856,170 | ||||||
64,000 | Liberty Media Corp.-Liberty SiriusXM, Cl. A† | 2,209,280 | ||||||
34,452 | Liberty Media Corp.-Liberty SiriusXM, Cl. C† | 1,186,871 | ||||||
345,000 | MSG Networks Inc., Cl. A† | 3,432,750 | ||||||
22,500 | Nexstar Media Group Inc., Cl. A | 1,883,025 | ||||||
225,000 | Salem Media Group Inc. | 254,250 | ||||||
160,000 | Sinclair Broadcast Group Inc., Cl. A | 2,953,600 | ||||||
480,000 | Sirius XM Holdings Inc. | 2,817,600 | ||||||
|
| |||||||
25,851,476 | ||||||||
|
| |||||||
Building and Construction — 4.9% | ||||||||
79,000 | Arcosa Inc. | 3,333,800 | ||||||
15,000 | Armstrong Flooring Inc.† | 44,850 | ||||||
109,000 | D.R. Horton Inc. | 6,044,050 | ||||||
29,000 | Gibraltar Industries Inc.† | 1,392,290 | ||||||
464,000 | Herc Holdings Inc.† | 14,258,720 | ||||||
135,000 | KB Home | 4,141,800 | ||||||
401,500 | Lennar Corp., Cl. B | 18,505,135 | ||||||
200,000 | Louisiana-Pacific Corp. | 5,130,000 | ||||||
110,000 | MDC Holdings Inc. | 3,927,000 | ||||||
27,000 | Meritage Homes Corp.† | 2,055,240 | ||||||
2,700 | NVR Inc.† | 8,798,625 | ||||||
167,000 | PulteGroup Inc. | 5,683,010 | ||||||
65,000 | Titan Machinery Inc.† | 705,900 | ||||||
177,000 | Toll Brothers Inc. | 5,768,430 | ||||||
|
| |||||||
79,788,850 | ||||||||
|
| |||||||
Business Services — 3.0% | ||||||||
15,000 | ACCO Brands Corp. | 106,500 | ||||||
676,394 | Clear Channel Outdoor Holdings Inc.† | 703,450 | ||||||
445,000 | Diebold Nixdorf Inc.† | 2,696,700 | ||||||
90,000 | Element Solutions Inc.† | 976,500 | ||||||
70,000 | GP Strategies Corp.† | 600,600 | ||||||
13,000 | GSE Systems Inc.† | 13,130 | ||||||
225,000 | IAA Inc.† | 8,678,250 | ||||||
140,000 | Live Nation Entertainment Inc.† | 6,206,200 | ||||||
175,000 | Macquarie Infrastructure Corp. | 5,370,750 | ||||||
16,000 | McGrath RentCorp | 864,160 | ||||||
20,000 | Sealed Air Corp. | 657,000 | ||||||
81,000 | Sohgo Security Services Co. Ltd. | 3,765,872 | ||||||
11,000 | Stamps.com Inc.† | 2,020,590 | ||||||
291,000 | Team Inc.† | 1,620,870 | ||||||
450,000 | The Interpublic Group of Companies Inc. | 7,722,000 | ||||||
25,000 | TransAct Technologies Inc. | 114,500 | ||||||
1,755,000 | Trans-Lux Corp.†(a) | 789,750 | ||||||
39,600 | United Rentals Inc.† | 5,901,984 | ||||||
|
| |||||||
48,808,806 | ||||||||
|
| |||||||
Cable — 0.8% | ||||||||
160,000 | AMC Networks Inc., Cl. A† | 3,742,400 |
1
The Gabelli Small Cap Growth Fund
Schedule of Investments (Continued) — June 30, 2020 (Unaudited)
Shares | Market | |||||||
COMMON STOCKS (Continued) | ||||||||
Cable (Continued) | ||||||||
40,000 | DISH Network Corp., Cl. A† | $ | 1,380,400 | |||||
30,000 | EchoStar Corp., Cl. A† | 838,800 | ||||||
125,000 | Liberty Global plc, Cl. A† | 2,732,500 | ||||||
166,000 | Liberty Global plc, Cl. C† | 3,570,660 | ||||||
90,000 | WideOpenWest Inc.† | 474,300 | ||||||
|
| |||||||
12,739,060 | ||||||||
|
| |||||||
Communications Equipment — 0.1% | ||||||||
249,000 | Communications Systems Inc. | 1,262,430 | ||||||
|
| |||||||
Computer Software and Services — 2.3% | ||||||||
25,000 | 3D Systems Corp.† | 174,750 | ||||||
92,500 | Activision Blizzard Inc. | 7,020,750 | ||||||
560,000 | Alithya Group Inc., Cl. A† | 968,800 | ||||||
205,000 | Avid Technology Inc.† | 1,490,350 | ||||||
262,000 | GTY Technology Holdings Inc.† | 1,091,230 | ||||||
14,000 | MKS Instruments Inc. | 1,585,360 | ||||||
40,000 | Rockwell Automation Inc. | 8,520,000 | ||||||
95,000 | Stratasys Ltd.† | 1,506,700 | ||||||
42,500 | Tyler Technologies Inc.† | 14,742,400 | ||||||
|
| |||||||
37,100,340 | ||||||||
|
| |||||||
Consumer Products — 2.5% | ||||||||
23,000 | 1-800-Flowers.com Inc., Cl. A† | 460,460 | ||||||
90,000 | Brunswick Corp. | 5,760,900 | ||||||
32,000 | Chofu Seisakusho Co. Ltd. | 671,563 | ||||||
41,500 | Church & Dwight Co. Inc. | 3,207,950 | ||||||
17,000 | Energizer Holdings Inc. | 807,330 | ||||||
15,000 | Ginko International Co. Ltd. | 74,480 | ||||||
2,000 | Harley-Davidson Inc. | 47,540 | ||||||
146,400 | Hunter Douglas NV† | 7,812,781 | ||||||
2,500 | Kobayashi Pharmaceutical Co. Ltd. | 219,495 | ||||||
6,200 | LCI Industries | 712,876 | ||||||
250,000 | Marine Products Corp. | 3,462,500 | ||||||
3,000 | National Presto Industries Inc. | 262,170 | ||||||
230,000 | Sally Beauty Holdings Inc.† | 2,881,900 | ||||||
220,000 | Samick Musical Instruments Co. Ltd. | 260,631 | ||||||
4,000 | Shimano Inc. | 768,696 | ||||||
14,000 | Steven Madden Ltd. | 345,660 | ||||||
116,000 | Swedish Match AB | 8,153,935 | ||||||
10,000 | The Scotts Miracle-Gro Co. | 1,344,700 | ||||||
9,500 | WD-40 Co. | 1,883,850 | ||||||
85,000 | Wolverine World Wide Inc. | 2,023,850 | ||||||
|
| |||||||
41,163,267 | ||||||||
|
| |||||||
Consumer Services — 1.6% | ||||||||
53,000 | Bowlin Travel Centers Inc.† | 153,170 | ||||||
2,750 | Collectors Universe Inc. | 94,270 | ||||||
3,000 | H&E Equipment Services Inc. | 55,440 | ||||||
5,000 | IAC/InterActiveCorp.† | 1,617,000 | ||||||
260,000 | KAR Auction Services Inc. | 3,577,600 | ||||||
485,000 | Rollins Inc. | 20,559,150 | ||||||
|
| |||||||
26,056,630 | ||||||||
|
|
Shares | Market | |||||||
Diversified Industrial — 9.5% | ||||||||
10,500 | Acuity Brands Inc. | $ | 1,005,270 | |||||
67,500 | Albany International Corp., Cl. A | 3,962,925 | ||||||
140,000 | Ampco-Pittsburgh Corp.† | 429,800 | ||||||
70,000 | Burnham Holdings Inc., Cl. A | 710,500 | ||||||
365,000 | Crane Co. | 21,702,900 | ||||||
118,000 | EnPro Industries Inc. | 5,816,220 | ||||||
115,000 | Greif Inc., Cl. A | 3,957,150 | ||||||
96,000 | Greif Inc., Cl. B | 4,015,680 | ||||||
1,428,000 | Griffon Corp. | 26,446,560 | ||||||
190,000 | Jardine Strategic Holdings Ltd. | 4,094,500 | ||||||
6,000 | JSP Corp. | 81,019 | ||||||
85,000 | Kimball International Inc., Cl. B | 982,600 | ||||||
60,000 | L.B. Foster Co., Cl. A† | 766,200 | ||||||
55,500 | Lawson Products Inc.† | 1,790,430 | ||||||
69,500 | Lincoln Electric Holdings Inc. | 5,854,680 | ||||||
45,500 | Lindsay Corp. | 4,195,555 | ||||||
27,000 | Lydall Inc.† | 366,120 | ||||||
39,000 | Matthews International Corp., Cl. A | 744,900 | ||||||
969,600 | Myers Industries Inc. | 14,107,680 | ||||||
15,000 | nVent Electric plc | 280,950 | ||||||
81,500 | Oil-Dri Corp. of America | 2,828,050 | ||||||
16,000 | Olin Corp. | 183,840 | ||||||
298,500 | Park-Ohio Holdings Corp. | 4,952,115 | ||||||
12,500 | Pentair plc | 474,875 | ||||||
94,000 | Raven Industries Inc. | 2,021,940 | ||||||
17,200 | Roper Technologies Inc. | 6,678,072 | ||||||
74,000 | Sonoco Products Co. | 3,869,460 | ||||||
56,000 | Standex International Corp. | 3,222,800 | ||||||
450,000 | Steel Connect Inc.† | 270,045 | ||||||
235,000 | Steel Partners Holdings LP† | 1,238,450 | ||||||
13,000 | T. Hasegawa Co. Ltd. | 290,160 | ||||||
8,000 | Terex Corp. | 150,160 | ||||||
371,000 | Textron Inc. | 12,209,610 | ||||||
487,000 | Tredegar Corp. | 7,499,800 | ||||||
230,000 | Trinity Industries Inc. | 4,896,700 | ||||||
50,000 | Ultra Electronics Holdings plc | 1,237,857 | ||||||
|
| |||||||
153,335,573 | ||||||||
|
| |||||||
Electronics — 1.7% | ||||||||
162,000 | Badger Meter Inc. | 10,193,040 | ||||||
218,397 | Bel Fuse Inc., Cl. A(a) | 2,179,602 | ||||||
510,000 | CTS Corp. | 10,220,400 | ||||||
34,000 | Daktronics Inc. | 147,900 | ||||||
116,000 | Gentex Corp. | 2,989,320 | ||||||
20,000 | IMAX Corp.† | 224,200 | ||||||
40,000 | Renesas Electronics Corp.† | 204,121 | ||||||
78,000 | Stoneridge Inc.† | 1,611,480 | ||||||
|
| |||||||
27,770,063 | ||||||||
|
| |||||||
Energy and Utilities — 2.5% | ||||||||
21,000 | Avangrid Inc. | 881,580 | ||||||
285,000 | Callon Petroleum Co.† | 327,750 |
2
The Gabelli Small Cap Growth Fund
Schedule of Investments (Continued) — June 30, 2020 (Unaudited)
Shares | Market | |||||||
COMMON STOCKS (Continued) | ||||||||
Energy and Utilities (Continued) | ||||||||
21,500 | Chesapeake Utilities Corp. | $ | 1,806,000 | |||||
35,500 | CMS Energy Corp. | 2,073,910 | ||||||
11,000 | Consolidated Water Co. Ltd. | 158,730 | ||||||
100,000 | Covanta Holding Corp. | 959,000 | ||||||
58,000 | Diamondback Energy Inc. | 2,425,560 | ||||||
40,000 | Dril-Quip Inc.† | 1,191,600 | ||||||
74,000 | Energy Recovery Inc.† | 562,030 | ||||||
20,000 | KLX Energy Services Holdings Inc.† | 43,000 | ||||||
24,000 | Landis+Gyr Group AG† | 1,552,800 | ||||||
25,000 | Marathon Petroleum Corp. | 934,500 | ||||||
32,000 | Middlesex Water Co. | 2,149,760 | ||||||
32,000 | National Fuel Gas Co. | 1,341,760 | ||||||
11,000 | Northwest Natural Holding Co. | 613,690 | ||||||
21,500 | NorthWestern Corp. | 1,172,180 | ||||||
34,500 | Oceaneering International Inc.† | 220,455 | ||||||
16,000 | Otter Tail Corp. | 620,640 | ||||||
86,000 | PNM Resources Inc. | 3,305,840 | ||||||
1,865,000 | RPC Inc.† | 5,744,200 | ||||||
20,000 | Siemens Gamesa Renewable Energy SA† | 354,575 | ||||||
90,000 | SJW Group | 5,589,900 | ||||||
32,500 | Southwest Gas Holdings Inc. | 2,244,125 | ||||||
9,000 | Spire Inc. | 591,390 | ||||||
34,000 | The York Water Co. | 1,630,640 | ||||||
11,000 | Vestas Wind Systems A/S | 1,120,151 | ||||||
|
| |||||||
39,615,766 | ||||||||
|
| |||||||
Entertainment — 1.2% | ||||||||
50,000 | Discovery Inc., Cl. A† | 1,055,000 | ||||||
79,000 | Discovery Inc., Cl. C† | 1,521,540 | ||||||
88,000 | Inspired Entertainment Inc.† | 255,200 | ||||||
88,000 | Liberty Media Corp.-Liberty Braves, Cl. A† | 1,767,040 | ||||||
218,000 | Liberty Media Corp.-Liberty Braves, Cl. C† | 4,303,320 | ||||||
33,500 | Madison Square Garden Sports Corp.† | 4,920,815 | ||||||
30,000 | Manchester United plc, Cl. A | 474,900 | ||||||
10,000 | Take-Two Interactive Software Inc.† | 1,395,700 | ||||||
5,000 | The Walt Disney Co. | 557,550 | ||||||
45,000 | Universal Entertainment Corp.† | 871,868 | ||||||
69,000 | World Wrestling Entertainment Inc., Cl. A | 2,998,050 | ||||||
|
| |||||||
20,120,983 | ||||||||
|
| |||||||
Environmental Services — 0.5% | ||||||||
100,000 | Republic Services Inc. | 8,205,000 | ||||||
|
| |||||||
Equipment and Supplies — 13.9% | ||||||||
33,000 | A.O. Smith Corp. | 1,554,960 | ||||||
439,500 | AMETEK Inc. | 39,278,115 | ||||||
52,000 | AZZ Inc. | 1,784,640 | ||||||
20,000 | Chart Industries Inc.† | 969,800 | ||||||
165,000 | CIRCOR International Inc.† | 4,204,200 | ||||||
334,000 | Core Molding Technologies Inc.† | 1,376,080 |
Shares | Market | |||||||
144,000 | Crown Holdings Inc.† | $ | 9,378,720 | |||||
2,025 | Danaher Corp. | 358,081 | ||||||
115,000 | Donaldson Co. Inc. | 5,349,800 | ||||||
68,000 | Entegris Inc. | 4,015,400 | ||||||
274,000 | Federal Signal Corp. | 8,146,020 | ||||||
249,000 | Flowserve Corp. | 7,101,480 | ||||||
225,000 | Franklin Electric Co. Inc. | 11,817,000 | ||||||
520,000 | Graco Inc. | 24,954,800 | ||||||
60,000 | IDEX Corp. | 9,482,400 | ||||||
200,000 | Interpump Group SpA | 5,941,039 | ||||||
13,500 | Littelfuse Inc. | 2,303,505 | ||||||
55,000 | Maezawa Kyuso Industries Co. Ltd. | 1,023,339 | ||||||
73,000 | Minerals Technologies Inc. | 3,425,890 | ||||||
6,000 | MSA Safety Inc. | 686,640 | ||||||
717,000 | Mueller Industries Inc. | 19,057,860 | ||||||
520,000 | Mueller Water Products Inc., Cl. A | 4,903,600 | ||||||
3,600 | Teleflex Inc. | 1,310,328 | ||||||
178,000 | Tennant Co. | 11,571,780 | ||||||
790,000 | The Gorman-Rupp Co. | 24,553,200 | ||||||
110,000 | The Greenbrier Companies Inc. | 2,502,500 | ||||||
206,000 | The L.S. Starrett Co., Cl. A† | 698,340 | ||||||
33,000 | The Manitowoc Co. Inc.† | 359,040 | ||||||
62,900 | The Middleby Corp.† | 4,965,326 | ||||||
38,000 | The Timken Co. | 1,728,620 | ||||||
30,000 | The Toro Co. | 1,990,200 | ||||||
7,500 | Valmont Industries Inc. | 852,150 | ||||||
6,500 | Vicor Corp.† | 467,675 | ||||||
7,875 | Watsco Inc., Cl. B | 1,404,900 | ||||||
64,000 | Watts Water Technologies Inc., Cl. A | 5,184,000 | ||||||
|
| |||||||
224,701,428 | ||||||||
|
| |||||||
Financial Services — 3.7% | ||||||||
6,800 | Alleghany Corp. | 3,326,152 | ||||||
8,240 | Ameris Bancorp | 194,382 | ||||||
26,000 | Argo Group International Holdings Ltd. | 905,580 | ||||||
8,900 | BKF Capital Group Inc.† | 67,284 | ||||||
6,000 | Cadence BanCorp | 53,160 | ||||||
131,000 | Calamos Asset Management Inc., Escrow†(b) | 0 | ||||||
12,000 | Capitol Federal Financial Inc. | 132,120 | ||||||
22,000 | Crazy Woman Creek Bancorp Inc. | 313,500 | ||||||
350,000 | Energy Transfer LP | 2,492,000 | ||||||
130 | Farmers & Merchants Bank of Long Beach | 774,150 | ||||||
396,000 | Flushing Financial Corp. | 4,561,920 | ||||||
66,000 | FNB Corp. | 495,000 | ||||||
270,000 | GAM Holding AG† | 619,537 | ||||||
278,000 | Hope Bancorp Inc. | 2,563,160 | ||||||
440,000 | Huntington Bancshares Inc. | 3,975,400 | ||||||
740,000 | KKR & Co. Inc. | 22,851,200 | ||||||
89,000 | Medallion Financial Corp.† | 235,850 | ||||||
56,000 | Pzena Investment Management Inc., Cl. A | 304,640 | ||||||
44,072 | Sandy Spring Bancorp Inc. | 1,092,104 | ||||||
14,000 | Sculptor Capital Management Inc. | 181,020 | ||||||
800 | South State Corp. | 38,128 |
3
The Gabelli Small Cap Growth Fund
Schedule of Investments (Continued) — June 30, 2020 (Unaudited)
Shares | Market | |||||||
COMMON STOCKS (Continued) | ||||||||
Financial Services (Continued) | ||||||||
9,000 | State Auto Financial Corp. | $ | 160,650 | |||||
404,000 | Sterling Bancorp | 4,734,880 | ||||||
83,500 | Synovus Financial Corp. | 1,714,255 | ||||||
20,000 | TFS Financial Corp. | 286,200 | ||||||
15,000 | Thomasville Bancshares Inc. | 697,500 | ||||||
230,000 | Valley National Bancorp | 1,798,600 | ||||||
35,500 | Value Line Inc. | 958,145 | ||||||
320,000 | Waddell & Reed Financial Inc., Cl. A | 4,963,200 | ||||||
10,000 | Waterloo Investment Holdings Ltd.†(b) | 2,100 | ||||||
133,000 | Wright Investors’ Service Holdings Inc.† | 62,510 | ||||||
|
| |||||||
60,554,327 | ||||||||
|
| |||||||
Food and Beverage — 9.9% | ||||||||
425,000 | Arca Continental SAB de CV | 1,865,714 | ||||||
106,000 | Brown-Forman Corp., Cl. A | 6,102,420 | ||||||
42,000 | Bull-Dog Sauce Co. Ltd. | 447,326 | ||||||
2,100,000 | China Tontine Wines Group Ltd.† | 17,341 | ||||||
208,000 | Chr. Hansen Holding A/S | 21,450,735 | ||||||
336,000 | Crimson Wine Group Ltd.† | 1,814,400 | ||||||
640,000 | Davide Campari-Milano SpA | 5,392,774 | ||||||
220,000 | Denny’s Corp.† | 2,222,000 | ||||||
1,100,000 | Dynasty Fine Wines Group Ltd.† | 29,804 | ||||||
96,000 | Farmer Brothers Co.† | 704,640 | ||||||
415,000 | Flowers Foods Inc. | 9,279,400 | ||||||
132,000 | ITO EN Ltd. | 7,432,832 | ||||||
63,000 | Iwatsuka Confectionery Co. Ltd. | 2,185,089 | ||||||
23,000 | J & J Snack Foods Corp. | 2,923,990 | ||||||
123,000 | Kameda Seika Co. Ltd. | 5,900,810 | ||||||
692,000 | Kikkoman Corp. | 33,262,144 | ||||||
750,000 | Maple Leaf Foods Inc. | 15,750,221 | ||||||
6,000 | MEIJI Holdings Co. Ltd. | 476,777 | ||||||
21,000 | MGP Ingredients Inc. | 770,805 | ||||||
78,000 | Morinaga Milk Industry Co. Ltd. | 3,460,245 | ||||||
27,000 | National Beverage Corp.† | 1,647,540 | ||||||
64,000 | Nissin Foods Holdings Co. Ltd. | 5,660,569 | ||||||
15,000 | Post Holdings Inc.† | 1,314,300 | ||||||
180,000 | Rock Field Co. Ltd. | 2,168,835 | ||||||
2,300 | The Boston Beer Co. Inc., Cl. A† | 1,234,295 | ||||||
61,500 | The J.M. Smucker Co. | 6,507,315 | ||||||
625,000 | Tingyi (Cayman Islands) Holding Corp. | 969,292 | ||||||
222,501 | Tootsie Roll Industries Inc. | 7,625,109 | ||||||
400,000 | Vina Concha y Toro SA | 623,326 | ||||||
1,120,000 | Vitasoy International Holdings Ltd. | 4,284,627 | ||||||
20,000 | Willamette Valley Vineyards Inc.† | 121,000 | ||||||
100,000 | Yakult Honsha Co. Ltd. | 5,880,991 | ||||||
|
| |||||||
159,526,666 | ||||||||
|
| |||||||
Health Care — 7.3% | ||||||||
2,500 | Align Technology Inc.† | 686,100 | ||||||
7,000 | Bio-Rad Laboratories Inc., Cl. A† | 3,160,430 | ||||||
14,500 | Bruker Corp. | 589,860 | ||||||
60,000 | Cantel Medical Corp. | 2,653,800 |
Shares | Market | |||||||
1,100 | Chemed Corp. | $ | 496,177 | |||||
25,200 | CONMED Corp. | 1,814,148 | ||||||
33,000 | Covetrus Inc.† | 590,370 | ||||||
436,000 | Cutera Inc.† | 5,306,120 | ||||||
15,500 | DexCom Inc.† | 6,283,700 | ||||||
33,000 | Evolent Health Inc., Cl. A† | 234,960 | ||||||
180,000 | Globus Medical Inc., Cl. A† | 8,587,800 | ||||||
74,000 | Henry Schein Inc.† | 4,320,860 | ||||||
29,200 | ICU Medical Inc.† | 5,381,852 | ||||||
44,500 | Masimo Corp.† | 10,145,555 | ||||||
96,000 | Meridian Bioscience Inc.† | 2,235,840 | ||||||
25,000 | Neogen Corp.† | 1,940,000 | ||||||
116,000 | NuVasive Inc.† | 6,456,560 | ||||||
216,000 | OPKO Health Inc.† | 736,560 | ||||||
133,000 | Orthofix Medical Inc.† | 4,256,000 | ||||||
44,000 | Owens & Minor Inc. | 335,280 | ||||||
33,500 | Patterson Cos. Inc. | 737,000 | ||||||
167,000 | Quidel Corp.† | 37,364,580 | ||||||
88,750 | RTI Surgical Holdings Inc.† | 282,225 | ||||||
24,000 | Seikagaku Corp. | 251,614 | ||||||
19,200 | STERIS plc | 2,946,048 | ||||||
1,900 | Straumann Holding AG | 1,632,382 | ||||||
3,000 | Stryker Corp. | 540,570 | ||||||
33,000 | SurModics Inc.† | 1,426,920 | ||||||
30,500 | Teladoc Health Inc.† | 5,820,620 | ||||||
100 | The Cooper Companies Inc. | 28,364 | ||||||
38,000 | United-Guardian Inc. | 561,735 | ||||||
|
| |||||||
117,804,030 | ||||||||
|
| |||||||
Home Furnishings — 0.2% | ||||||||
195,000 | Bassett Furniture Industries Inc. | 1,433,250 | ||||||
16,000 | Ethan Allen Interiors Inc. | 189,280 | ||||||
82,000 | La-Z-Boy Inc. | 2,218,920 | ||||||
|
| |||||||
3,841,450 | ||||||||
|
| |||||||
Hotels and Gaming — 3.4% | ||||||||
185,000 | Boyd Gaming Corp. | 3,866,500 | ||||||
190,540 | Canterbury Park Holding Corp. | 2,048,305 | ||||||
149,000 | Churchill Downs Inc. | 19,839,350 | ||||||
134,000 | Formosa International Hotels Corp. | 683,523 | ||||||
554,000 | Full House Resorts Inc.† | 736,820 | ||||||
48,627 | Gaming and Leisure Properties Inc., REIT | 1,682,502 | ||||||
960,000 | Genting Singapore Ltd. | 523,536 | ||||||
170,000 | Golden Entertainment Inc.† | 1,516,400 | ||||||
2,980,000 | Mandarin Oriental International Ltd. | 4,499,800 | ||||||
3,600 | Penn National Gaming Inc.† | 109,944 | ||||||
375,000 | Ryman Hospitality Properties Inc., REIT | 12,975,000 | ||||||
2,950,000 | The Hongkong & Shanghai Hotels Ltd. | 2,668,150 | ||||||
186,000 | The Marcus Corp. | 2,468,220 | ||||||
14,000 | Wynn Resorts Ltd. | 1,042,860 | ||||||
|
| |||||||
54,660,910 | ||||||||
|
| |||||||
Machinery — 2.2% | ||||||||
353,000 | Astec Industries Inc. | 16,347,430 |
4
The Gabelli Small Cap Growth Fund
Schedule of Investments (Continued) — June 30, 2020 (Unaudited)
Shares | Market | |||||||
COMMON STOCKS (Continued) | ||||||||
Machinery (Continued) | ||||||||
1,450,000 | CNH Industrial NV† | $ | 10,193,500 | |||||
125,000 | Kennametal Inc. | 3,588,750 | ||||||
6,000 | Nordson Corp. | 1,138,260 | ||||||
169,000 | The Eastern Co. | 3,020,030 | ||||||
134,000 | Twin Disc Inc.† | 742,360 | ||||||
90,000 | Welbilt Inc.† | 548,100 | ||||||
|
| |||||||
35,578,430 | ||||||||
|
| |||||||
Manufactured Housing and Recreational Vehicles — 1.3% |
| |||||||
72,500 | Cavco Industries Inc.† | 13,981,625 | ||||||
70,000 | Nobility Homes Inc. | 1,681,050 | ||||||
85,000 | Skyline Champion Corp.† | 2,068,900 | ||||||
55,000 | Winnebago Industries Inc. | 3,664,100 | ||||||
|
| |||||||
21,395,675 | ||||||||
|
| |||||||
Metals and Mining — 0.1% | ||||||||
45,000 | Ivanhoe Mines Ltd., Cl. A† | 127,615 | ||||||
95,000 | Kinross Gold Corp.† | 685,900 | ||||||
48,000 | TimkenSteel Corp.† | 186,720 | ||||||
20,000 | Turquoise Hill Resources Ltd.† | 14,664 | ||||||
|
| |||||||
1,014,899 | ||||||||
|
| |||||||
Publishing — 0.7% | ||||||||
2,200 | Graham Holdings Co., Cl. B | 753,874 | ||||||
5,000 | John Wiley & Sons Inc., Cl. B | 197,950 | ||||||
30,000 | Meredith Corp. | 436,500 | ||||||
34,000 | News Corp., Cl. A | 403,240 | ||||||
1,090,000 | The E.W. Scripps Co., Cl. A | 9,537,500 | ||||||
|
| |||||||
11,329,064 | ||||||||
|
| |||||||
Real Estate — 2.4% | ||||||||
78,500 | Capital Properties Inc., Cl. A | 965,550 | ||||||
259,000 | Griffin Industrial Realty Inc.(a) | 14,030,030 | ||||||
6,967 | Gyrodyne LLC† | 116,349 | ||||||
19,000 | Lamar Advertising Co., Cl. A, REIT | 1,268,440 | ||||||
90,000 | Morguard Corp. | 8,433,854 | ||||||
16,000 | Reading International Inc., Cl. A† | 68,000 | ||||||
4,000 | Reading International Inc., Cl. B† | 64,040 | ||||||
19,000 | Seritage Growth Properties, Cl. A, REIT† | 216,600 | ||||||
158,000 | Tejon Ranch Co.† | 2,275,200 | ||||||
560,000 | The St. Joe Co.† | 10,875,200 | ||||||
100,000 | Trinity Place Holdings Inc.† | 138,000 | ||||||
|
| |||||||
38,451,263 | ||||||||
|
| |||||||
Retail — 4.7% | ||||||||
17,000 | Aaron’s Inc. | 771,800 | ||||||
133,000 | AutoNation Inc.† | 4,998,140 | ||||||
35,000 | Big 5 Sporting Goods Corp. | 67,900 | ||||||
1,000 | Biglari Holdings Inc., Cl. A† | 335,000 | ||||||
104,000 | Copart Inc.† | 8,660,080 | ||||||
2,500 | Dunkin’ Brands Group Inc. | 163,075 | ||||||
24,000 | GNC Holdings Inc., Cl. A†(b) | 13,200 | ||||||
143,000 | Hertz Global Holdings Inc.† | 201,630 | ||||||
555,500 | Ingles Markets Inc., Cl. A | 23,925,385 |
Shares | Market | |||||||
68,000 | Lands’ End Inc.† | $ | 546,720 | |||||
38,000 | Macy’s Inc. | 261,440 | ||||||
85,000 | Movado Group Inc. | 921,400 | ||||||
156,000 | Nathan’s Famous Inc. | 8,773,440 | ||||||
72,000 | Penske Automotive Group Inc. | 2,787,120 | ||||||
93,000 | Pets at Home Group plc | 275,414 | ||||||
260,000 | Rush Enterprises Inc., Cl. B | 9,271,600 | ||||||
9,000 | Salvatore Ferragamo SpA† | 121,843 | ||||||
189,000 | The Cheesecake Factory Inc. | 4,331,880 | ||||||
56,000 | Tractor Supply Co. | 7,380,240 | ||||||
43,500 | Village Super Market Inc., Cl. A | 1,205,820 | ||||||
21,000 | Weis Markets Inc. | 1,052,520 | ||||||
600 | Winmark Corp. | 102,744 | ||||||
|
| |||||||
76,168,391 | ||||||||
|
| |||||||
Specialty Chemicals — 3.5% | ||||||||
59,000 | Albemarle Corp. | 4,555,390 | ||||||
29,000 | Ashland Global Holdings Inc. | 2,003,900 | ||||||
1,850,000 | Ferro Corp.† | 22,089,000 | ||||||
105,000 | GCP Applied Technologies Inc.† | 1,950,900 | ||||||
286,000 | H.B. Fuller Co. | 12,755,600 | ||||||
17,000 | Hawkins Inc. | 723,860 | ||||||
74,000 | Huntsman Corp. | 1,329,780 | ||||||
7,700 | NewMarket Corp. | 3,083,696 | ||||||
10,200 | Quaker Chemical Corp. | 1,893,630 | ||||||
70,000 | Sensient Technologies Corp. | 3,651,200 | ||||||
3,000 | SGL Carbon SE† | 10,887 | ||||||
3,500 | Takasago International Corp. | 69,627 | ||||||
91,200 | The General Chemical Group Inc.† | 593 | ||||||
170,000 | Valvoline Inc. | 3,286,100 | ||||||
|
| |||||||
57,404,163 | ||||||||
|
| |||||||
Telecommunications — 1.1% | ||||||||
78,000 | Consolidated Communications Holdings Inc.† | 528,060 | ||||||
92,000 | Gogo Inc.† | 290,720 | ||||||
111,000 | HC2 Holdings Inc.† | 370,740 | ||||||
6,000 | IDT Corp., Cl. B† | 39,180 | ||||||
112,000 | Iridium Communications Inc.† | 2,849,280 | ||||||
52,000 | Loral Space & Communications Inc. | 1,015,040 | ||||||
130,000 | Nuvera Communications Inc. | 2,312,700 | ||||||
85,000 | Rogers Communications Inc., Cl. B | 3,416,150 | ||||||
93,000 | Shenandoah Telecommunications Co. | 4,583,970 | ||||||
710,000 | VEON Ltd., ADR | 1,278,000 | ||||||
12,000 | Verizon Communications Inc. | 661,560 | ||||||
|
| |||||||
17,345,400 | ||||||||
|
| |||||||
Transportation — 1.7% | ||||||||
440,000 | GATX Corp. | 26,831,200 | ||||||
18,600 | Irish Continental Group plc | 73,871 | ||||||
88,000 | Navigator Holdings Ltd.† | 565,840 | ||||||
|
| |||||||
27,470,911 | ||||||||
|
|
5
The Gabelli Small Cap Growth Fund
Schedule of Investments (Continued) — June 30, 2020 (Unaudited)
Shares | Market | |||||||
COMMON STOCKS (Continued) | ||||||||
Wireless Communications — 0.1% | ||||||||
54,000 | United States Cellular Corp.† | $ | 1,666,980 | |||||
|
| |||||||
TOTAL COMMON STOCKS | 1,602,403,148 | |||||||
|
| |||||||
CLOSED-END FUNDS — 0.2% | ||||||||
75,000 | MVC Capital Inc. | 489,750 | ||||||
55,000 | The Central Europe, Russia, and Turkey Fund Inc. | 1,148,400 | ||||||
32,729 | The European Equity Fund Inc. | 272,305 | ||||||
119,537 | The New Germany Fund Inc. | 1,814,572 | ||||||
|
| |||||||
TOTAL CLOSED-END FUNDS | 3,725,027 | |||||||
|
| |||||||
PREFERRED STOCKS — 0.2% | ||||||||
Automotive: Parts and Accessories — 0.2% |
| |||||||
115,000 | Jungheinrich AG† | 2,682,231 | ||||||
|
| |||||||
RIGHTS — 0.0% | ||||||||
Entertainment — 0.0% | ||||||||
1,680,000 | Media General Inc., CVR†(b) | 2 | ||||||
|
| |||||||
WARRANTS — 0.0% | ||||||||
Business Services — 0.0% | ||||||||
1 | Internap Corp., | |||||||
expire 05/08/24† | 652 | |||||||
|
| |||||||
Principal | ||||||||
U.S. GOVERNMENT OBLIGATIONS — 0.1% |
| |||||||
$ 1,240,000 | U.S. Treasury Bill, | |||||||
0.130%††, 09/24/20 | 1,239,605 | |||||||
|
| |||||||
TOTAL MISCELLANEOUS INVESTMENTS — 0.5%(c) | 7,984,657 | |||||||
|
| |||||||
TOTAL INVESTMENTS — 100.0% (Cost $708,179,156) | $ | 1,618,035,322 | ||||||
|
|
(a) | Security considered an affiliated holding because the Fund owns at least 5% of its outstanding shares. |
(b) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
(c) | Represents previously undisclosed, unrestricted securities which the Fund has held for less than one year. |
† | Non-income producing security. |
†† | Represents annualized yield at date of purchase. |
ADR | American Depositary Receipt |
CVR | Contingent Value Right |
REIT | Real Estate Investment Trust |
6