1
The
Gabelli
Small
Cap
Growth
Fund
Schedule
of
Investments
—
June
30,
2024
(Unaudited)
Shares
Market
Value
COMMON
STOCKS
—
96
.1
%
Aerospace
—
0
.1
%
30,500
Allient
Inc.
................................................
$
770,735
58,585
Innovative
Solutions
and
Support
Inc.
†
.....
351,510
7,000
Kratos
Defense
&
Security
Solutions
Inc.
†
140,070
1,262,315
Agriculture
—
0
.1
%
10,000
Cadiz
Inc.
†
...............................................
30,900
56,000
Limoneira
Co.
...........................................
1,165,360
1,196,260
Automotive
—
0
.4
%
33,000
Blue
Bird
Corp.
†
.......................................
1,777,050
450,000
Iveco
Group
NV
........................................
5,045,781
64,500
The
Shyft
Group
Inc.
................................
764,970
7,587,801
Automotive:
Parts
and
Accessories
—
4
.4
%
147,500
BorgWarner
Inc.
.......................................
4,755,400
840,000
Brembo
NV
..............................................
9,224,478
94,022
China
Automotive
Systems
Inc.
†
...............
333,778
76,000
Commercial
Vehicle
Group
Inc.
†
...............
372,400
1,115,000
Dana
Inc.
.................................................
13,513,800
279,900
Modine
Manufacturing
Co.
†
......................
28,043,181
55,000
Monro
Inc.
...............................................
1,312,300
4,300
O'Reilly
Automotive
Inc.
†
.........................
4,541,058
29,000
Phinia
Inc.
................................................
1,141,440
45,000
Puradyn
Filter
Technologies
Inc.
†
..............
0
180,000
Standard
Motor
Products
Inc.
...................
4,991,400
253,000
Strattec
Security
Corp.
†
(a)
.......................
6,325,000
18,400
Thor
Industries
Inc.
..................................
1,719,480
76,273,715
Aviation:
Parts
and
Services
—
1
.5
%
20,000
AAR
Corp.
†
..............................................
1,454,000
9,500
Astronics
Corp.
†
......................................
190,285
23,200
Astronics
Corp.
,
Cl. B
†
.............................
466,320
55,374
Ducommun
Inc.
†
.....................................
3,215,014
88,900
Moog
Inc.
,
Cl. A
.......................................
14,872,970
18,112
Moog
Inc.
,
Cl. B
.......................................
3,020,357
20,000
Woodward
Inc.
.........................................
3,487,600
26,706,546
Broadcasting
—
1
.2
%
165,000
Beasley
Broadcast
Group
Inc.
,
Cl. A
†
........
108,488
10,000
Cogeco
Communications
Inc.
...................
377,106
24,000
Cogeco
Inc.
..............................................
845,583
300,000
Corus
Entertainment
Inc.
,
Cl. B
.................
32,894
36,500
Fox
Corp.
,
Cl. A
........................................
1,254,505
5,000
Fox
Corp.
,
Cl. B
........................................
160,100
25,000
Gray
Television
Inc.
..................................
130,000
71,700
Gray
Television
Inc.
,
Cl. A
.........................
648,168
631,524
Grupo
Televisa
SAB
,
ADR
.........................
1,749,321
280,000
ITV
plc
.....................................................
284,928
Shares
Market
Value
13,000
Liberty
Broadband
Corp.
,
Cl. A
†
................
$
709,800
11,000
Liberty
Broadband
Corp.
,
Cl. C
†
................
603,020
20,000
Liberty
Media
Corp.-Liberty
Formula
One
,
Cl. A
†
...................................................
1,284,600
27,000
Liberty
Media
Corp.-Liberty
Formula
One
,
Cl. C
†
...................................................
1,939,680
34,452
Liberty
Media
Corp.-Liberty
SiriusXM
†
......
763,456
64,000
Liberty
Media
Corp.-Liberty
SiriusXM
,
Cl. A
†
...................................................
1,417,600
22,000
Nexstar
Media
Group
Inc.
.........................
3,652,220
100,000
Salem
Media
Group
Inc.
†
.........................
23,000
500,000
Sirius
XM
Holdings
Inc.
............................
1,415,000
95,000
Sphere
Entertainment
Co.
†
.......................
3,330,700
15,000
TEGNA
Inc.
..............................................
209,100
37,000
Townsquare
Media
Inc.
,
Cl. A
....................
405,520
21,344,789
Building
and
Construction
—
6
.3
%
77,500
Arcosa
Inc.
...............................................
6,464,275
200,000
Armstrong
Flooring
Inc.
†
..........................
40
20,000
D.R.
Horton
Inc.
.......................................
2,818,600
30,000
Gibraltar
Industries
Inc.
†
..........................
2,056,500
214,000
Herc
Holdings
Inc.
....................................
28,524,060
71,000
KB
Home
.................................................
4,982,780
3,000
Legacy
Housing
Corp.
†
............................
68,820
345,000
Lennar
Corp.
,
Cl. B
...................................
48,103,350
1,000
Meritage
Homes
Corp.
..............................
161,850
1,160
NVR
Inc.
†
................................................
8,802,730
37,200
PulteGroup
Inc.
........................................
4,095,720
427
The
Monarch
Cement
Co.
.........................
83,265
107,000
Titan
Machinery
Inc.
†
...............................
1,701,300
13,000
Toll
Brothers
Inc.
......................................
1,497,340
109,360,630
Business
Services
—
2
.5
%
13,000
ACCO
Brands
Corp.
..................................
61,100
1,045,000
Clear
Channel
Outdoor
Holdings
Inc.
†
.......
1,473,450
59,000
Element
Solutions
Inc.
..............................
1,600,080
22,900
Keweenaw
Land
Association
Ltd.
†
............
691,580
35,500
Live
Nation
Entertainment
Inc.
†
................
3,327,770
40,000
Loomis
AB
...............................................
1,041,608
92,340
Madison
Square
Garden
Entertainment
Corp.
†
..................................................
3,160,798
14,500
McGrath
RentCorp
...................................
1,544,975
31,000
Outfront
Media
Inc.
,
REIT
.........................
443,300
24,000
RB
Global
Inc.
..........................................
1,832,640
20,000
Sealed
Air
Corp.
.......................................
695,800
345,000
Sohgo
Security
Services
Co.
Ltd.
..............
2,014,805
66,000
The
Interpublic
Group
of
Companies
Inc.
..
1,919,940
25,000
TransAct
Technologies
Inc.
†
.....................
94,250
1,600,000
Trans-Lux
Corp.
†
(a)
.................................
1,520,000
34,000
United
Rentals
Inc.
...................................
21,988,820
43,410,916
2
The
Gabelli
Small
Cap
Growth
Fund
Schedule
of
Investments
(Continued)
—
June
30,
2024
(Unaudited)
Shares
Market
Value
COMMON
STOCKS
(Continued)
Cable
—
0
.1
%
54,500
AMC
Networks
Inc.
,
Cl. A
†
........................
$
526,470
60,000
EchoStar
Corp.
,
Cl. A
†
..............................
1,068,600
105,000
WideOpenWest
Inc.
†
................................
568,050
2,163,120
Communications
Equipment
—
0
.1
%
150,000
Telesat
Corp.
†
..........................................
1,365,000
Computer
Software
and
Services
—
1
.4
%
370,000
Alithya
Group
Inc.
,
Cl. A
†
..........................
584,600
1,300
GSE
Systems
Inc.
†
...................................
5,980
11,000
MKS
Instruments
Inc.
...............................
1,436,380
24,500
Rockwell
Automation
Inc.
.........................
6,744,360
31,000
Tyler
Technologies
Inc.
†
...........................
15,586,180
24,357,500
Consumer
Products
—
1
.4
%
150,000
1-800-Flowers.com
Inc.
,
Cl. A
†
.................
1,428,000
67,000
Brunswick
Corp.
.......................................
4,875,590
32,000
Chofu
Seisakusho
Co.
Ltd.
........................
439,157
39,700
Church
&
Dwight
Co.
Inc.
.........................
4,116,096
56,000
Energizer
Holdings
Inc.
.............................
1,654,240
2,000
Harley-Davidson
Inc.
................................
67,080
4,000
HNI
Corp.
.................................................
180,080
2,500
Kobayashi
Pharmaceutical
Co.
Ltd.
...........
81,158
3,200
LCI
Industries
..........................................
330,816
216,000
Marine
Products
Corp.
..............................
2,181,600
7,000
National
Presto
Industries
Inc.
..................
525,910
225,000
Sally
Beauty
Holdings
Inc.
†
......................
2,414,250
215,000
Samick
Musical
Instruments
Co.
Ltd.
........
177,904
3,700
Shimano
Inc.
............................................
571,363
9,500
Steven
Madden
Ltd.
..................................
401,850
18,000
The
Scotts
Miracle-Gro
Co.
.......................
1,171,080
8,000
Vista
Outdoor
Inc.
†
..................................
301,200
9,500
WD-40
Co.
...............................................
2,086,580
120,000
Wolverine
World
Wide
Inc.
.......................
1,622,400
24,626,354
Consumer
Services
—
1
.0
%
53,000
Bowlin
Travel
Centers
Inc.
†
.......................
218,625
16,000
H&E
Equipment
Services
Inc.
...................
706,720
5,000
IAC
Inc.
†
..................................................
234,250
180,000
OPENLANE
Inc.
†
......................................
2,986,200
272,000
Rollins
Inc.
...............................................
13,270,880
17,416,675
Diversified
Industrial
—
12
.3
%
10,000
Acuity
Brands
Inc.
....................................
2,414,400
51,000
Albany
International
Corp.
,
Cl. A
................
4,306,950
205,000
Ampco-Pittsburgh
Corp.
†
.........................
157,850
15,000
Ardagh
Group
SA
†
...................................
58,350
73,000
Burnham
Holdings
Inc.
,
Cl. A
....................
938,050
355,000
Crane
Co.
.................................................
51,467,900
Shares
Market
Value
160,700
Crane
NXT
Co.
..........................................
$
9,870,194
99,000
Distribution
Solutions
Group
Inc.
†
............
2,970,000
5,000
Enerpac
Tool
Group
Corp.
.........................
190,900
73,000
Enpro
Inc.
................................................
10,626,610
103,500
Greif
Inc.
,
Cl. A
.........................................
5,948,145
93,500
Greif
Inc.
,
Cl. B
.........................................
5,842,815
201,500
Griffon
Corp.
............................................
12,867,790
32,000
Hyster-Yale
Inc.
........................................
2,231,360
255,085
INNOVATE
Corp.
†
.....................................
154,225
6,000
JSP
Corp.
................................................
86,220
114,000
L.B.
Foster
Co.
,
Cl. A
†
...............................
2,453,280
40,000
Lincoln
Electric
Holdings
Inc.
....................
7,545,600
30,200
Lindsay
Corp.
...........................................
3,710,976
37,500
Matthews
International
Corp.
,
Cl. A
...........
939,375
970,000
Myers
Industries
Inc.
................................
12,978,600
70,000
Oil-Dri
Corp.
of
America
............................
4,486,300
13,000
Olin
Corp.
................................................
612,950
323,000
Park-Ohio
Holdings
Corp.
.........................
8,362,470
12,500
Pentair
plc
................................................
958,375
14,000
Roper
Technologies
Inc.
...........................
7,891,240
53,200
Sonoco
Products
Co.
................................
2,698,304
48,900
Standex
International
Corp.
.......................
7,880,235
84,500
Steel
Partners
Holdings
LP
†
.....................
3,145,825
13,000
T.
Hasegawa
Co.
Ltd.
................................
270,682
7,000
Terex
Corp.
..............................................
383,880
334,000
Textron
Inc.
..............................................
28,677,240
600,000
Tredegar
Corp.
.........................................
2,874,000
220,500
Trinity
Industries
Inc.
................................
6,597,360
212,598,451
Electronics
—
3
.7
%
106,500
Badger
Meter
Inc.
.....................................
19,846,275
199,000
Bel
Fuse
Inc.
,
Cl. A
(a)
...............................
16,101,090
400,000
CTS
Corp.
................................................
20,252,000
60,000
Daktronics
Inc.
†
.......................................
837,000
120,000
Gentex
Corp.
............................................
4,045,200
20,000
IMAX
Corp.
†
............................................
335,400
10,000
Napco
Security
Technologies
Inc.
..............
519,500
30,000
Renesas
Electronics
Corp.
........................
561,066
60,000
Stoneridge
Inc.
†
.......................................
957,600
63,455,131
Energy
and
Utilities
—
2
.4
%
9,800
Chesapeake
Utilities
Corp.
........................
1,040,760
35,000
CMS
Energy
Corp.
....................................
2,083,550
20,000
Consolidated
Water
Co.
Ltd.
......................
530,800
36,000
Diamondback
Energy
Inc.
.........................
7,206,840
138,358
Dril-Quip
Inc.
†
..........................................
2,573,459
74,000
Energy
Recovery
Inc.
†
..............................
983,460
29,000
Landis+Gyr
Group
AG
...............................
2,343,369
21,500
Marathon
Petroleum
Corp.
........................
3,729,820
3,500
Middlesex
Water
Co.
.................................
182,910
60,000
Northwest
Natural
Holding
Co.
..................
2,166,600
3
The
Gabelli
Small
Cap
Growth
Fund
Schedule
of
Investments
(Continued)
—
June
30,
2024
(Unaudited)
Shares
Market
Value
COMMON
STOCKS
(Continued)
Energy
and
Utilities
(Continued)
21,500
Northwestern
Energy
Group
Inc.
...............
$
1,076,720
10,000
Otter
Tail
Corp.
.........................................
875,900
42,206
RGC
Resources
Inc.
.................................
863,113
1,680,000
RPC
Inc.
..................................................
10,500,000
8,000
SJW
Group
..............................................
433,760
32,000
Southwest
Gas
Holdings
Inc.
....................
2,252,160
6,800
Spire
Inc.
.................................................
412,964
31,000
The
York
Water
Co.
...................................
1,149,790
54,000
Vestas
Wind
Systems
A/S
†
.......................
1,250,377
41,656,352
Entertainment
—
2
.2
%
166,321
Atlanta
Braves
Holdings
Inc.
,
Cl. A
†
..........
6,874,047
242,000
Atlanta
Braves
Holdings
Inc.
,
Cl. C
†
..........
9,544,480
92,000
Inspired
Entertainment
Inc.
†
.....................
841,800
16,856
Liberty
Media
Corp.-Liberty
Live
,
Cl. A
†
....
632,269
9,768
Liberty
Media
Corp.-Liberty
Live
,
Cl. C
†
....
373,821
33,000
Lionsgate
Studios
Corp.
†
.........................
265,980
35,000
Madison
Square
Garden
Sports
Corp.
†
.....
6,584,550
100,000
Manchester
United
plc
,
Cl. A
†
...................
1,614,000
273,000
Sinclair
Inc.
..............................................
3,639,090
7,800
Take-Two
Interactive
Software
Inc.
†
..........
1,212,822
3,500
The
Walt
Disney
Co.
.................................
347,515
47,700
TKO
Group
Holdings
Inc.
..........................
5,151,123
35,000
Universal
Entertainment
Corp.
...................
342,843
104,000
Warner
Bros
Discovery
Inc.
†
....................
773,760
38,198,100
Environmental
Services
—
0
.6
%
58,500
Republic
Services
Inc.
..............................
11,368,890
Equipment
and
Supplies
—
18
.8
%
17,200
A.O.
Smith
Corp.
......................................
1,406,616
386,500
AMETEK
Inc.
............................................
64,433,415
40,000
Ardagh
Metal
Packaging
SA
......................
136,000
54,500
AZZ
Inc.
...................................................
4,210,125
9,200
Chart
Industries
Inc.
†
...............................
1,327,928
312,000
Core
Molding
Technologies
Inc.
†
..............
4,973,280
91,500
Crown
Holdings
Inc.
.................................
6,806,685
2,025
Danaher
Corp.
..........................................
505,946
100,000
Donaldson
Co.
Inc.
...................................
7,156,000
38,700
Entegris
Inc.
.............................................
5,239,980
182,500
Federal
Signal
Corp.
.................................
15,269,775
241,000
Flowserve
Corp.
.......................................
11,592,100
152,000
Franklin
Electric
Co.
Inc.
...........................
14,640,640
416,000
Graco
Inc.
................................................
32,980,480
33,000
IDEX
Corp.
...............................................
6,639,600
125,000
Interpump
Group
SpA
..............................
5,552,876
6,800
Littelfuse
Inc.
...........................................
1,738,012
110,000
Maezawa
Kyuso
Industries
Co.
Ltd.
...........
916,838
65,000
Minerals
Technologies
Inc.
.......................
5,405,400
6,000
MSA
Safety
Inc.
.......................................
1,126,140
Shares
Market
Value
935,000
Mueller
Industries
Inc.
..............................
$
53,238,900
335,000
Mueller
Water
Products
Inc.
,
Cl. A
.............
6,003,200
3,500
Teleflex
Inc.
..............................................
736,155
166,500
Tennant
Co.
..............................................
16,390,260
733,000
The
Gorman-Rupp
Co.
..............................
26,908,430
87,000
The
Greenbrier
Companies
Inc.
.................
4,310,850
50,500
The
Manitowoc
Co.
Inc.
†
..........................
582,265
50,000
The
Middleby
Corp.
†
................................
6,130,500
36,000
The
Timken
Co.
........................................
2,884,680
30,000
The
Toro
Co.
............................................
2,805,300
6,000
Valmont
Industries
Inc.
.............................
1,646,700
7,875
Watsco
Inc.
,
Cl. B
.....................................
3,689,831
43,500
Watts
Water
Technologies
Inc.
,
Cl. A
.........
7,976,595
325,361,502
Financial
Services
—
6
.1
%
7,000
Ameris
Bancorp
.......................................
352,450
12,300
Capitol
Federal
Financial
Inc.
.....................
67,527
20,700
Crazy
Woman
Creek
Bancorp
Inc.
†
...........
517,500
45,000
Eagle
Bancorp
Inc.
...................................
850,500
325,000
Energy
Transfer
LP
...................................
5,271,500
240
Farmers
&
Merchants
Bank
of
Long
Beach
1,128,000
355,000
Flushing
Financial
Corp.
............................
4,668,250
66,000
FNB
Corp.
................................................
902,880
300,000
GAM
Holding
AG
†
....................................
66,782
25,000
Hanover
Bancorp
Inc.
...............................
412,500
270,000
Hope
Bancorp
Inc.
....................................
2,899,800
410,000
Huntington
Bancshares
Inc.
......................
5,403,800
665,000
KKR
&
Co.
Inc.
.........................................
69,984,600
80,000
Medallion
Financial
Corp.
..........................
614,400
8,000
PROG
Holdings
Inc.
..................................
277,440
55,500
Sandy
Spring
Bancorp
Inc.
.......................
1,351,980
47,000
Synovus
Financial
Corp.
...........................
1,888,930
16,000
TFS
Financial
Corp.
...................................
201,920
15,000
Thomasville
Bancshares
Inc.
.....................
973,500
230,000
Valley
National
Bancorp
............................
1,605,400
34,308
Value
Line
Inc.
.........................................
1,477,645
10,000
Waterloo
Investment
Holdings
Ltd.
†
(b)
.....
5,000
99,000
Webster
Financial
Corp.
............................
4,315,410
141,000
Wright
Investors'
Service
Holdings
Inc.
†
...
22,560
105,260,274
Food
and
Beverage
—
4
.6
%
424,500
Arca
Continental
SAB
de
CV
......................
4,174,231
14,000
BellRing
Brands
Inc.
†
...............................
799,960
75,000
Brown-Forman
Corp.
,
Cl. A
.......................
3,309,750
40,000
Bull-Dog
Sauce
Co.
Ltd.
............................
501,461
82,000
China
Tontine
Wines
Group
Ltd.
†
..............
5,670
268,000
Crimson
Wine
Group
Ltd.
†
.......................
1,599,960
220,000
Denny's
Corp.
†
........................................
1,562,000
500,000
Dynasty
Fine
Wines
Group
Ltd.
†
...............
19,208
98,000
Farmer
Brothers
Co.
†
...............................
262,640
400,000
Flowers
Foods
Inc.
...................................
8,880,000
4
The
Gabelli
Small
Cap
Growth
Fund
Schedule
of
Investments
(Continued)
—
June
30,
2024
(Unaudited)
Shares
Market
Value
COMMON
STOCKS
(Continued)
Food
and
Beverage
(Continued)
114,000
ITO
EN
Ltd.
..............................................
$
2,467,201
92,000
Iwatsuka
Confectionery
Co.
Ltd.
................
1,487,874
23,000
J
&
J
Snack
Foods
Corp.
..........................
3,734,510
96,000
Kameda
Seika
Co.
Ltd.
..............................
2,532,911
1,200,000
Kikkoman
Corp.
........................................
13,898,937
635,000
Maple
Leaf
Foods
Inc.
..............................
10,638,646
12,000
MEIJI
Holdings
Co.
Ltd.
............................
258,736
8,000
MGP
Ingredients
Inc.
................................
595,200
124,000
Morinaga
Milk
Industry
Co.
Ltd.
................
2,598,073
7,500
National
Beverage
Corp.
...........................
384,300
130,500
Nissin
Foods
Holdings
Co.
Ltd.
.................
3,310,964
13,000
Post
Holdings
Inc.
†
..................................
1,354,080
60,000
Rock
Field
Co.
Ltd.
...................................
544,844
3,500
The
Boston
Beer
Co.
Inc.
,
Cl. A
†
...............
1,067,675
70,000
The
Hain
Celestial
Group
Inc.
†
..................
483,700
56,000
The
J.M.
Smucker
Co.
..............................
6,106,240
625,000
Tingyi
(Cayman
Islands)
Holding
Corp.
.....
753,133
33,475
Tootsie
Roll
Industries
Inc.
.......................
1,023,331
370,000
Vina
Concha
y
Toro
SA
.............................
432,378
950,000
Vitasoy
International
Holdings
Ltd.
............
717,757
20,000
Willamette
Valley
Vineyards
Inc.
†
..............
78,600
205,000
Yakult
Honsha
Co.
Ltd.
.............................
3,665,128
79,249,098
Health
Care
—
3
.1
%
1,400
Align
Technology
Inc.
†
.............................
338,002
6,700
Bio-Rad
Laboratories
Inc.
,
Cl. A
†
..............
1,829,837
12,500
Bruker
Corp.
............................................
797,625
600
Chemed
Corp.
..........................................
325,548
21,000
CONMED
Corp.
........................................
1,455,720
325,000
Cutera
Inc.
†
.............................................
490,750
50,000
Dexcom
Inc.
†
...........................................
5,669,000
50,000
Evolent
Health
Inc.
,
Cl. A
†
.........................
956,000
215,200
Globus
Medical
Inc.
,
Cl. A
†
.......................
14,739,048
70,000
Henry
Schein
Inc.
†
...................................
4,487,000
28,000
ICU
Medical
Inc.
†
.....................................
3,325,000
33,000
Masimo
Corp.
†
........................................
4,156,020
45,000
Neogen
Corp.
†
.........................................
703,350
4,000
NeoGenomics
Inc.
†
..................................
55,480
40,000
Neuronetics
Inc.
†
.....................................
72,000
172,000
OPKO
Health
Inc.
†
....................................
215,000
145,000
Orthofix
Medical
Inc.
†
..............................
1,922,700
4,000
Patterson
Companies
Inc.
.........................
96,480
70,500
QuidelOrtho
Corp.
†
...................................
2,342,010
24,000
Seikagaku
Corp.
.......................................
131,121
22,800
STERIS
plc
...............................................
5,005,512
19,000
Straumann
Holding
AG
.............................
2,353,720
3,000
Stryker
Corp.
............................................
1,020,750
25,000
SurModics
Inc.
†
.......................................
1,051,000
12,800
Teladoc
Health
Inc.
†
.................................
125,184
Shares
Market
Value
400
The
Cooper
Companies
Inc.
......................
$
34,920
38,000
United-Guardian
Inc.
................................
339,720
54,038,497
Home
Furnishings
—
0
.3
%
161,500
Bassett
Furniture
Industries
Inc.
...............
2,294,915
5,000
Ethan
Allen
Interiors
Inc.
..........................
139,450
57,000
La-Z-Boy
Inc.
...........................................
2,124,960
4,559,325
Hotels
and
Gaming
—
3
.9
%
48,000
Boyd
Gaming
Corp.
..................................
2,644,800
190,000
Canterbury
Park
Holding
Corp.
.................
4,149,600
137,000
Churchill
Downs
Inc.
................................
19,125,200
120,000
Formosa
International
Hotels
Corp.
...........
774,934
530,000
Full
House
Resorts
Inc.
†
...........................
2,650,000
48,000
Gaming
and
Leisure
Properties
Inc.
,
REIT
.
2,170,080
750,000
Genting
Singapore
Ltd.
.............................
478,429
120,000
Golden
Entertainment
Inc.
........................
3,733,200
2,250,000
Mandarin
Oriental
International
Ltd.
..........
3,892,500
3,000
Penn
Entertainment
Inc.
†
.........................
58,065
235,500
Ryman
Hospitality
Properties
Inc.
,
REIT
....
23,517,030
2,500,000
The
Hongkong
&
Shanghai
Hotels
Ltd.
......
1,850,417
150,000
The
Marcus
Corp.
.....................................
1,705,500
13,000
Wynn
Resorts
Ltd.
...................................
1,163,500
67,913,255
Machinery
—
2
.0
%
350,000
Astec
Industries
Inc.
.................................
10,381,000
1,415,000
CNH
Industrial
NV
....................................
14,333,950
100,000
Kennametal
Inc.
.......................................
2,354,000
4,700
Nordson
Corp.
.........................................
1,090,118
160,000
The
Eastern
Co.
........................................
4,075,200
150,000
Twin
Disc
Inc.
...........................................
1,767,000
34,001,268
Manufactured
Housing
and
Recreational
Vehicles
—
1
.8
%
58,000
Cavco
Industries
Inc.
†
..............................
20,077,860
73,000
Nobility
Homes
Inc.
..................................
2,193,650
80,500
Skyline
Champion
Corp.
†
.........................
5,453,875
51,500
Winnebago
Industries
Inc.
........................
2,791,300
30,516,685
Metals
and
Mining
—
0
.1
%
45,000
Ivanhoe
Mines
Ltd.
,
Cl. A
†
........................
580,571
95,000
Kinross
Gold
Corp.
...................................
790,400
50,000
Sierra
Metals
Inc.
†
...................................
28,193
1,399,164
Publishing
—
0
.3
%
2,700
Graham
Holdings
Co.
,
Cl. B
.......................
1,888,785
4,500
John
Wiley
&
Sons
Inc.
,
Cl. B
...................
182,790
34,000
News
Corp.
,
Cl. A
.....................................
937,380
5
The
Gabelli
Small
Cap
Growth
Fund
Schedule
of
Investments
(Continued)
—
June
30,
2024
(Unaudited)
Shares
Market
Value
COMMON
STOCKS
(Continued)
Publishing
(Continued)
775,000
The
E.W.
Scripps
Co.
,
Cl. A
†
.....................
$
2,433,500
5,442,455
Real
Estate
—
1
.8
%
82,500
Capital
Properties
Inc.
,
Cl. A
.....................
837,375
18,007
Gyrodyne
LLC
†
........................................
146,217
17,500
Lamar
Advertising
Co.
,
Cl. A,
REIT
............
2,091,775
89,500
Morguard
Corp.
........................................
7,272,917
30,000
Reading
International
Inc.
,
Cl. A
†
..............
42,600
4,835
Reading
International
Inc.
,
Cl. B
†
..............
64,789
36,000
Seritage
Growth
Properties
,
Cl. A
†
............
168,120
130,200
Tejon
Ranch
Co.
†
.....................................
2,221,212
346,200
The
St.
Joe
Co.
.........................................
18,937,140
100,000
Trinity
Place
Holdings
Inc.
†
......................
11,700
31,793,845
Retail
—
5
.8
%
111,000
AutoNation
Inc.
†
......................................
17,691,180
117,500
Big
5
Sporting
Goods
Corp.
......................
347,800
1,100
Biglari
Holdings
Inc.
,
Cl. A
†
......................
1,003,750
296,000
Copart
Inc.
†
.............................................
16,031,360
130,000
Hertz
Global
Holdings
Inc.
†
......................
458,900
201,000
Ingles
Markets
Inc.
,
Cl. A
..........................
13,790,610
52,000
Lands'
End
Inc.
†
......................................
706,680
70,000
Movado
Group
Inc.
...................................
1,740,200
157,000
Nathan's
Famous
Inc.
...............................
10,641,460
69,000
Penske
Automotive
Group
Inc.
..................
10,282,380
80,000
Pets
at
Home
Group
plc
............................
298,732
478,000
Rush
Enterprises
Inc.
,
Cl. B
......................
18,756,720
17,500
Salvatore
Ferragamo
SpA
.........................
148,153
15,000
The
Cheesecake
Factory
Inc.
.....................
589,350
24,500
Tractor
Supply
Co.
....................................
6,615,000
60,000
Village
Super
Market
Inc.
,
Cl. A
.................
1,584,600
500
Winmark
Corp.
.........................................
176,315
100,863,190
Specialty
Chemicals
—
2
.0
%
3,200
Albemarle
Corp.
.......................................
305,664
28,000
Ashland
Inc.
.............................................
2,645,720
238,000
H.B.
Fuller
Co.
..........................................
18,316,480
36,000
Hawkins
Inc.
............................................
3,276,000
25,000
Huntsman
Corp.
.......................................
569,250
5,600
NewMarket
Corp.
.....................................
2,887,192
8,400
Quaker
Chemical
Corp.
.............................
1,425,480
2,000
Rogers
Corp.
†
..........................................
241,220
24,000
Sensient
Technologies
Corp.
.....................
1,780,560
2,500
Takasago
International
Corp.
.....................
61,144
91,200
The
General
Chemical
Group
Inc.
†
(b)
........
0
80,000
Valvoline
Inc.
†
..........................................
3,456,000
34,964,710
Shares
Market
Value
Telecommunications
—
0
.8
%
9,000
Consolidated
Communications
Holdings
Inc.
†
.....................................................
$
39,600
61,000
Gogo
Inc.
†
...............................................
586,820
3,500
IDT
Corp.
,
Cl. B
........................................
125,720
165,000
Liberty
Global
Ltd.
,
Cl. A
†
.........................
2,875,950
132,000
Liberty
Global
Ltd.
,
Cl. C
†
.........................
2,356,200
57,718
Liberty
Latin
America
Ltd.
,
Cl. A
†
..............
554,670
100
Liberty
Latin
America
Ltd.
,
Cl. B
†
..............
1,600
85,100
Nuvera
Communications
Inc.
....................
748,880
82,000
Rogers
Communications
Inc.
,
Cl. B
...........
3,032,360
110,000
Shenandoah
Telecommunications
Co.
.......
1,796,300
40,000
Telephone
and
Data
Systems
Inc.
..............
829,200
42,856
VEON
Ltd.
,
ADR
†
.....................................
1,111,685
14,058,985
Transportation
—
2
.8
%
343,200
GATX
Corp.
..............................................
45,425,952
18,600
Irish
Continental
Group
plc
.......................
109,558
124,000
Navigator
Holdings
Ltd.
............................
2,165,040
52,511
Steel
Connect
Inc.
†
..................................
674,241
48,374,791
Wireless
Communications
—
0
.2
%
49,000
United
States
Cellular
Corp.
†
....................
2,735,180
TOTAL
COMMON
STOCKS
........................
1,664,880,769
CLOSED-END
FUNDS
—
0
.1
%
39,500
The
Central
Europe,
Russia,
and
Turkey
Fund
Inc.
..............................................
421,070
32,229
The
European
Equity
Fund
Inc.
..................
289,471
110,000
The
New
Germany
Fund
Inc.
.....................
894,850
TOTAL
CLOSED-END
FUNDS
....................
1,605,391
PREFERRED
STOCKS
—
0
.2
%
Automotive:
Parts
and
Accessories
—
0
.2
%
82,500
Jungheinrich
AG
.......................................
2,717,750
RIGHTS
—
0.0
%
Communications
Equipment
—
0.0
%
60,500
Pineapple
Energy
Inc.
,
CVR
†
.....................
63,840
WARRANTS
—
0.0
%
Diversified
Industrial
—
0.0
%
140,000
Ampco-Pittsburgh
Corp.
,
expire
08/01/25
†
7,000
Principal
Amount
CONVERTIBLE
CORPORATE
BONDS
—
0.0
%
Cable
—
0.0
%
$
100,000
AMC
Networks
Inc.
,
4.250
%
,
02/15/29
(c)
.............................
96,335
6
The
Gabelli
Small
Cap
Growth
Fund
Schedule
of
Investments
(Continued)
—
June
30,
2024
(Unaudited)
Principal
Amount
Market
Value
U.S.
GOVERNMENT
OBLIGATIONS
—
2
.9
%
$
51,070,000
U.S.
Treasury
Bills,
5.275
%
to
5.326
%
††
,
07/18/24
to
11/21/24
............................
$
50,788,865
TOTAL
MISCELLANEOUS
INVESTMENTS
—
0
.7
%
(d)
...........................................
12,907,669
TOTAL
INVESTMENTS
—
100.0%
(Cost
$
498,164,382
)
.............................
$
1,733,067,619
(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)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933,
as
amended.
This
security
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
(d)
Represents
undisclosed,
unrestricted
securities
which
the
Fund
has
held
for
less
than
one
year.
†
Non-income
producing
security.
††
Represents
annualized
yields
at
dates
of
purchase.
ADR
American
Depositary
Receipt
CVR
Contingent
Value
Right
REIT
Real
Estate
Investment
Trust