The Gabelli Focused Growth and Income Fund (formerly The Gabelli Focus Five Fund)
Schedule of Investments — December 31, 2020 (Unaudited)
Shares | Market | |||||||
COMMON STOCKS — 91.9% | ||||||||
Aerospace and Defense — 1.9% | ||||||||
12,500 | Aerojet Rocketdyne Holdings Inc.† | $ | 660,625 | |||||
|
| |||||||
Automotive — 1.0% |
| |||||||
20,000 | Fiat Chrysler Automobiles NV† | 361,800 | ||||||
|
| |||||||
Automotive: Parts and Accessories — 3.2% |
| |||||||
8,500 | Aptiv plc | 1,107,465 | ||||||
|
| |||||||
Building and Construction — 3.5% |
| |||||||
18,199 | Herc Holdings Inc.† | 1,208,595 | ||||||
|
| |||||||
Business Services — 3.5% |
| |||||||
32,500 | Macquarie Infrastructure Corp. | 1,220,375 | ||||||
|
| |||||||
Cable and Satellite — 5.0% |
| |||||||
30,000 | EchoStar Corp., Cl. A† | 635,700 | ||||||
2,320 | Liberty Broadband Corp., Cl. C† | 367,418 | ||||||
20,000 | Liberty Media Corp.- Liberty Formula One, Cl. A† | 759,800 | ||||||
|
| |||||||
1,762,918 | ||||||||
|
| |||||||
Computer Software and Services — 3.0% |
| |||||||
600 | Alphabet Inc., Cl. C† | 1,051,128 | ||||||
|
| |||||||
Consumer Products — 2.5% |
| |||||||
16,900 | Terminix Global Holdings Inc.† | 862,069 | ||||||
|
| |||||||
Diversified Industrial — 2.4% |
| |||||||
12,500 | Colfax Corp.† | 478,000 | ||||||
850 | Roper Technologies Inc. | 366,427 | ||||||
|
| |||||||
844,427 | ||||||||
|
| |||||||
Energy and Utilities — 16.0% |
| |||||||
36,000 | Enterprise Products Partners LP | 705,240 | ||||||
120,000 | Kinder Morgan Inc. | 1,640,400 | ||||||
37,500 | NextEra Energy Partners LP | 2,514,375 | ||||||
12,000 | Southwest Gas Holdings Inc. | 729,000 | ||||||
|
| |||||||
5,589,015 | ||||||||
|
| |||||||
Entertainment — 3.7% |
| |||||||
203,600 | Sirius XM Holdings Inc. | 1,296,932 | ||||||
|
| |||||||
Financial Services — 14.6% |
| |||||||
35,000 | Apollo Global Management Inc. | 1,714,300 | ||||||
25,000 | Blackstone Mortgage Trust Inc., | 688,250 | ||||||
12,500 | Morgan Stanley | 856,625 | ||||||
125,000 | New York Community Bancorp Inc. | 1,318,750 | ||||||
2,250 | PayPal Holdings Inc.† | 526,950 | ||||||
|
| |||||||
5,104,875 | ||||||||
|
| |||||||
Food and Beverage — 12.0% |
| |||||||
75,000 | Maple Leaf Foods Inc. | 1,662,739 |
Shares | Market | |||||||
16,500 | Mondelēz International Inc., Cl. A | $ | 964,755 | |||||
15,500 | Post Holdings Inc.† | 1,565,655 | ||||||
|
| |||||||
4,193,149 | ||||||||
|
| |||||||
Health Care — 6.8% |
| |||||||
8,000 | AbbVie Inc. | 857,200 | ||||||
97,700 | Option Care Health Inc.† | 1,528,028 | ||||||
|
| |||||||
2,385,228 | ||||||||
|
| |||||||
Real Estate — 8.3% |
| |||||||
6,000 | Hannon Armstrong Sustainable Infrastructure Capital Inc., REIT | 380,580 | ||||||
81,000 | MGM Growth Properties LLC, Cl. A, REIT | 2,535,300 | ||||||
|
| |||||||
2,915,880 | ||||||||
|
| |||||||
Telecommunications — 4.5% |
| |||||||
91,316 | CenturyLink Inc. | 890,331 | ||||||
5,000 | T-Mobile US Inc.† | 674,250 | ||||||
|
| |||||||
1,564,581 | ||||||||
|
| |||||||
TOTAL COMMON STOCKS | 32,129,062 | |||||||
|
| |||||||
PREFERRED STOCKS — 4.3% |
| |||||||
Energy and Utilities — 2.2% |
| |||||||
35,000 | Energy Transfer Operating LP, | 745,500 | ||||||
|
| |||||||
Retail — 2.1% |
| |||||||
7,500 | Qurate Retail Inc., | 742,500 | ||||||
|
| |||||||
TOTAL PREFERRED STOCKS | 1,488,000 | |||||||
|
| |||||||
Principal | ||||||||
U.S. GOVERNMENT OBLIGATIONS — 3.8% |
| |||||||
$1,330,000 | U.S. Treasury Bills, | 1,329,907 | ||||||
|
| |||||||
TOTAL INVESTMENTS — 100.0% | $ | 34,946,969 | ||||||
|
|
† | Non-income producing security. |
†† | Represents annualized yields at dates of purchase. |
REIT | Real Estate Investment Trust |
1