1
The
Gabelli
Equity
Income
Fund
Schedule
of
Investments
—
June
30,
2024
(Unaudited)
Shares
Market
Value
COMMON
STOCKS
—
100.0%
Aerospace
—
0.6%
1,000
Ducommun
Inc.†
.....................................
$
58,060
800
Hexcel
Corp.
............................................
49,960
2,000
Lockheed
Martin
Corp.
.............................
934,200
7,000
Rockwell
Automation
Inc.
.........................
1,926,960
2,969,180
Agriculture
—
0.5%
37,000
Archer-Daniels-Midland
Co.
......................
2,236,650
10,000
The
Mosaic
Co.
........................................
289,000
2,525,650
Automotive
—
0.7%
2,500
Daimler
Truck
Holding
AG
.........................
99,518
20,000
Iveco
Group
NV
........................................
224,257
14,500
PACCAR
Inc.
............................................
1,492,630
42,000
Traton
SE
.................................................
1,374,136
3,190,541
Automotive:
Parts
and
Accessories
—
4.8%
77,000
Dana
Inc.
.................................................
933,240
156,500
Genuine
Parts
Co.
.....................................
21,647,080
22,580,320
Broadcasting
—
0.3%
37,300
Sinclair
Inc.
..............................................
497,209
49,500
TEGNA
Inc.
..............................................
690,030
1,187,239
Building
and
Construction
—
1.9%
20,300
Carrier
Global
Corp.
..................................
1,280,524
33,000
Fortune
Brands
Innovations
Inc.
...............
2,143,020
20,500
Herc
Holdings
Inc.
....................................
2,732,445
38,000
Johnson
Controls
International
plc
............
2,525,860
7,500
Knife
River
Corp.†
....................................
526,050
9,207,899
Business
Services
—
3.9%
7,200
Automatic
Data
Processing
Inc.
................
1,718,568
19,000
Mastercard
Inc.,
Cl. A
...............................
8,382,040
2,400
MSC
Industrial
Direct
Co.
Inc.,
Cl. A
..........
190,344
29,500
Pentair
plc
................................................
2,261,765
13,500
S&P
Global
Inc.
........................................
6,021,000
18,573,717
Cable
and
Satellite
—
0.0%
2,000
EchoStar
Corp.,
Cl. A†
..............................
35,620
Communications
Equipment
—
0.3%
42,000
Corning
Inc.
.............................................
1,631,700
Computer
Hardware
—
2.0%
23,700
Apple
Inc.
................................................
4,991,694
25,000
International
Business
Machines
Corp.
......
4,323,750
9,315,444
Shares
Market
Value
Computer
Software
and
Services
—
3.1%
76,000
Hewlett
Packard
Enterprise
Co.
.................
$
1,608,920
29,200
Microsoft
Corp.
........................................
13,050,940
14,659,860
Consumer
Products
—
1.4%
5,500
Edgewell
Personal
Care
Co.
......................
221,045
49,000
Energizer
Holdings
Inc.
.............................
1,447,460
25,000
Essity
AB,
Cl. A
.........................................
638,032
1,300
National
Presto
Industries
Inc.
..................
97,669
31,700
Reckitt
Benckiser
Group
plc
......................
1,715,882
4,500
The
Scotts
Miracle-Gro
Co.
.......................
292,770
40,000
Unilever
plc,
ADR
.....................................
2,199,600
6,612,458
Consumer
Services
—
0.2%
1,600
Allegion
plc
..............................................
189,040
10,500
Rollins
Inc.
...............................................
512,295
701,335
Diversified
Industrial
—
6.7%
1,400
AMETEK
Inc.
............................................
233,394
64,000
Crane
Co.
.................................................
9,278,720
1,400
Eaton
Corp.
plc
.........................................
438,970
1,000
Honeywell
International
Inc.
......................
213,540
8,600
Ingersoll
Rand
Inc.
...................................
781,224
46,000
ITT
Inc.
....................................................
5,942,280
30,000
Jardine
Matheson
Holdings
Ltd.
................
1,061,400
2,500
Modine
Manufacturing
Co.†
......................
250,475
20,000
Myers
Industries
Inc.
................................
267,600
20,500
nVent
Electric
plc
......................................
1,570,505
20,000
Svenska
Cellulosa
AB
SCA,
Cl. A
...............
296,632
100,000
Textron
Inc.
..............................................
8,586,000
146,000
Toray
Industries
Inc.
.................................
691,025
3,700
Trane
Technologies
plc
.............................
1,217,041
23,000
Trinity
Industries
Inc.
................................
688,160
31,516,966
Electronics
—
2.5%
6,500
Sony
Group
Corp.
.....................................
551,060
33,000
Sony
Group
Corp.,
ADR
............................
2,803,350
44,000
TE
Connectivity
Ltd.
..................................
6,618,920
10,000
Texas
Instruments
Inc.
.............................
1,945,300
11,918,630
Energy
and
Utilities:
Electric
—
0.4%
15,000
Korea
Electric
Power
Corp.,
ADR†
.............
106,350
13,500
Portland
General
Electric
Co.
.....................
583,740
63,000
The
AES
Corp.
..........................................
1,106,910
1,797,000
Energy
and
Utilities:
Integrated
—
0.7%
50,000
Energy
Transfer
LP
...................................
811,000
21,000
Eni
SpA
....................................................
322,821
5,000
Iberdrola
SA,
ADR
....................................
261,600
2
The
Gabelli
Equity
Income
Fund
Schedule
of
Investments
(Continued)
—
June
30,
2024
(Unaudited)
Shares
Market
Value
COMMON
STOCKS
(Continued)
Energy
and
Utilities:
Integrated
(Continued)
56,500
OGE
Energy
Corp.
.....................................
$
2,017,050
3,412,471
Energy
and
Utilities:
Natural
Gas
—
2.5%
115,000
National
Fuel
Gas
Co.
................................
6,231,850
11,500
ONE
Gas
Inc.
............................................
734,275
57,200
ONEOK
Inc.
..............................................
4,664,660
5,300
Southwest
Gas
Holdings
Inc.
....................
373,014
12,003,799
Energy
and
Utilities:
Oil
—
4.1%
30,000
APA
Corp.
................................................
883,200
34,200
Chevron
Corp.
..........................................
5,349,564
4,000
ConocoPhillips
.........................................
457,520
6,800
Devon
Energy
Corp.
..................................
322,320
11,500
Exxon
Mobil
Corp.
....................................
1,323,880
49,000
Hess
Corp.
...............................................
7,228,480
16,500
Marathon
Petroleum
Corp.
........................
2,862,420
13,000
TotalEnergies
SE,
ADR
..............................
866,840
1,706
Vitesse
Energy
Inc.
...................................
40,432
19,334,656
Energy
and
Utilities:
Services
—
0.9%
5,000
Dril-Quip
Inc.†
..........................................
93,000
94,500
Halliburton
Co.
.........................................
3,192,210
22,000
MDU
Resources
Group
Inc.
......................
552,200
11,000
Schlumberger
NV
.....................................
518,980
4,356,390
Energy
and
Utilities:
Water
—
0.2%
3,600
Essential
Utilities
Inc.
...............................
134,388
22,000
Severn
Trent
plc
.......................................
661,883
796,271
Entertainment
—
1.7%
20,000
Atlanta
Braves
Holdings
Inc.,
Cl. A†
..........
826,600
12,197
Atlanta
Braves
Holdings
Inc.,
Cl. C†
..........
481,050
125,000
Grupo
Televisa
SAB,
ADR
.........................
346,250
6,000
Madison
Square
Garden
Entertainment
Corp.†
..................................................
205,380
3,000
Madison
Square
Garden
Sports
Corp.†
.....
564,390
31,250
Ollamani
SAB†
.........................................
71,211
269,000
Paramount
Global,
Cl. A
............................
4,944,220
10,000
Sphere
Entertainment
Co.†
.......................
350,600
7,789,701
Environmental
Services
—
0.4%
7,500
Republic
Services
Inc.
..............................
1,457,550
2,500
Veralto
Corp.
............................................
238,675
1,696,225
Equipment
and
Supplies
—
6.8%
4,500
A.O.
Smith
Corp.
......................................
368,010
13,200
Danaher
Corp.
..........................................
3,298,020
Shares
Market
Value
150,200
Flowserve
Corp.
.......................................
$
7,224,620
43,500
Graco
Inc.
................................................
3,448,680
18,000
Minerals
Technologies
Inc.
.......................
1,496,880
168,000
Mueller
Industries
Inc.
..............................
9,565,920
13,500
Parker-Hannifin
Corp.
...............................
6,828,435
200
Watts
Water
Technologies
Inc.,
Cl. A
.........
36,674
32,267,239
Financial
Services
—
15.2%
20,000
AllianceBernstein
Holding
LP
....................
675,800
13,500
American
Express
Co.
...............................
3,125,925
17,200
Ameris
Bancorp
.......................................
866,020
5,195
Banco
Santander
Chile,
ADR
.....................
97,822
68,000
Bank
of
America
Corp.
..............................
2,704,360
11,500
BNP
Paribas
SA
........................................
733,167
1,800
EXOR
NV
.................................................
188,337
30,000
Interactive
Brokers
Group
Inc.,
Cl. A
.........
3,678,000
10,000
Jefferies
Financial
Group
Inc.
....................
497,600
7,500
JPMorgan
Chase
&
Co.,
CDI
.....................
1,516,950
46,500
Julius
Baer
Group
Ltd.
..............................
2,598,141
4,000
Kinnevik
AB,
Cl. A
.....................................
33,173
56,000
Loews
Corp.
.............................................
4,185,440
10,000
M&T
Bank
Corp.
.......................................
1,513,600
10,000
Marsh
&
McLennan
Companies
Inc.
..........
2,107,200
6,200
Morgan
Stanley
........................................
602,578
5,800
Popular
Inc.
.............................................
512,894
46,800
SLM
Corp.
...............................................
972,972
120,000
State
Street
Corp.
.....................................
8,880,000
6,300
T.
Rowe
Price
Group
Inc.
..........................
726,453
293,500
The
Bank
of
New
York
Mellon
Corp.
..........
17,577,715
12,400
The
Goldman
Sachs
Group
Inc.
.................
5,608,768
20,500
The
PNC
Financial
Services
Group
Inc.
......
3,187,340
2,100
UBS
Group
AG
.........................................
61,823
53,000
Valley
National
Bancorp
............................
369,940
73,500
Webster
Financial
Corp.
............................
3,203,865
96,000
Wells
Fargo
&
Co.
....................................
5,701,440
71,927,323
Food
and
Beverage
—
15.6%
1,000
Anheuser-Busch
InBev
SA/NV
...................
57,960
185,000
Brown-Forman
Corp.,
Cl. A
.......................
8,164,050
37,000
Campbell
Soup
Co.
...................................
1,672,030
19,000
Coca-Cola
Europacific
Partners
plc
............
1,384,530
10,000
Coca-Cola
Femsa
SAB
de
CV,
ADR
............
858,400
2,000
Constellation
Brands
Inc.,
Cl. A
.................
514,560
30,000
Danone
SA
...............................................
1,833,895
33,000
Davide
Campari-Milano
NV
.......................
311,852
49,500
Diageo
plc,
ADR
.......................................
6,240,960
80,000
Fomento
Economico
Mexicano
SAB
de
CV,
ADR
.....................................................
8,612,000
1,000
General
Mills
Inc.
.....................................
63,260
1,430,000
Grupo
Bimbo
SAB
de
CV,
Cl. A
..................
5,050,139
91,900
Heineken
NV
............................................
8,887,353
3
The
Gabelli
Equity
Income
Fund
Schedule
of
Investments
(Continued)
—
June
30,
2024
(Unaudited)
Shares
Market
Value
COMMON
STOCKS
(Continued)
Food
and
Beverage
(Continued)
132,000
ITO
EN
Ltd.
..............................................
$
2,856,759
8,500
Kellanova
.................................................
490,280
4,000
McCormick
&
Co.
Inc.
..............................
276,000
31,200
McCormick
&
Co.
Inc.,
Non-Voting
...........
2,213,328
24,800
Mondelēz
International
Inc.,
Cl. A
..............
1,622,912
31,300
Nestlé
SA
.................................................
3,195,321
159,600
Nissin
Foods
Holdings
Co.
Ltd.
.................
4,049,271
25,000
PepsiCo
Inc.
.............................................
4,123,250
23,800
Pernod
Ricard
SA
.....................................
3,229,407
31,200
Remy
Cointreau
SA
..................................
2,602,923
30,000
Sapporo
Holdings
Ltd.
..............................
1,051,837
4,000
The
Boston
Beer
Co.
Inc.,
Cl. A†
...............
1,220,200
8,500
The
Coca-Cola
Co.
....................................
541,025
1,000
The
Hershey
Co.
.......................................
183,830
44,500
The
Kraft
Heinz
Co.
...................................
1,433,790
8,400
WK
Kellogg
Co.
........................................
138,264
64,000
Yakult
Honsha
Co.
Ltd.
.............................
1,144,235
74,023,621
Health
Care
—
4.3%
4,400
Abbott
Laboratories
..................................
457,204
3,000
AbbVie
Inc.
..............................................
514,560
3,200
Alcon
Inc.
................................................
285,056
75,000
Baxter
International
Inc.
............................
2,508,750
4,400
Bio-Rad
Laboratories
Inc.,
Cl. A†
..............
1,201,684
87,500
Bristol-Myers
Squibb
Co.
..........................
3,633,875
69,000
Demant
A/S†
............................................
2,986,344
6,400
GSK
plc,
ADR
...........................................
246,400
8,000
Haleon
plc,
ADR
.......................................
66,080
32,000
Henry
Schein
Inc.†
...................................
2,051,200
16,000
Merck
&
Co.
Inc.
......................................
1,980,800
12,000
Novartis
AG,
ADR
.....................................
1,277,520
26,000
Perrigo
Co.
plc
.........................................
667,680
23,000
Pfizer
Inc.
................................................
643,540
42,500
Roche
Holding
AG,
ADR
...........................
1,473,475
2,300
Zimmer
Biomet
Holdings
Inc.
...................
249,619
10,000
Zimvie
Inc.†
.............................................
182,500
20,426,287
Hotels
and
Gaming
—
0.1%
12,000
MGM
Resorts
International†
.....................
533,280
1,500
Wynn
Resorts
Ltd.
...................................
134,250
667,530
Machinery
—
3.5%
6,000
Caterpillar
Inc.
..........................................
1,998,600
128,000
CNH
Industrial
NV
....................................
1,296,640
33,000
Deere
&
Co.
.............................................
12,329,790
1,000
Otis
Worldwide
Corp.
...............................
96,260
7,200
Xylem
Inc.
................................................
976,536
16,697,826
Shares
Market
Value
Metals
and
Mining
—
2.0%
77,200
Freeport-McMoRan
Inc.
............................
$
3,751,920
138,000
Newmont
Corp.
........................................
5,778,060
9,529,980
Publishing
—
0.0%
3,000
Value
Line
Inc.
.........................................
129,210
Real
Estate
Investment
Trusts
—
0.4%
60,000
Weyerhaeuser
Co.
....................................
1,703,400
Retail
—
4.8%
13,000
Cie
Financiere
Richemont
SA,
Cl. A
...........
2,029,328
73,000
Copart
Inc.†
.............................................
3,953,680
6,000
Costco
Wholesale
Corp.
............................
5,099,940
80,000
CVS
Health
Corp.
......................................
4,724,800
44,600
Ingles
Markets
Inc.,
Cl. A
..........................
3,060,006
183,000
Seven
&
i
Holdings
Co.
Ltd.
......................
2,229,349
3,000
The
Home
Depot
Inc.
................................
1,032,720
33,000
Walgreens
Boots
Alliance
Inc.
...................
399,135
3,000
Walmart
Inc.
............................................
203,130
22,732,088
Specialty
Chemicals
—
0.9%
2,700
Albemarle
Corp.
.......................................
257,904
2,500
Ashland
Inc.
.............................................
236,225
2,200
FMC
Corp.
................................................
126,610
35,500
H.B.
Fuller
Co.
..........................................
2,732,080
1,800
NewMarket
Corp.
.....................................
928,026
600
Quaker
Chemical
Corp.
.............................
101,820
4,382,665
Telecommunications
—
3.8%
100,000
BCE
Inc.
...................................................
3,237,000
190,000
Deutsche
Telekom
AG,
ADR
......................
4,786,100
72,000
Liberty
Global
Ltd.,
Cl. A†
.........................
1,254,960
1,000
Liberty
Global
Ltd.,
Cl. C†
.........................
17,850
14,000
Orange
SA,
ADR
.......................................
139,860
70,000
Telefonica
SA,
ADR
...................................
294,700
164,000
Telephone
and
Data
Systems
Inc.
..............
3,399,720
94,000
TELUS
Corp.
............................................
1,423,160
85,000
Verizon
Communications
Inc.
...................
3,505,400
18,058,750
Transportation
—
2.6%
92,000
GATX
Corp.
..............................................
12,177,120
Wireless
Communications
—
0.2%
70,000
BT
Group
plc,
Cl. A
...................................
124,191
40,000
Telesat
Corp.†
..........................................
364,000
20,000
Turkcell
Iletisim
Hizmetleri
A/S,
ADR
.........
151,600
4
The
Gabelli
Equity
Income
Fund
Schedule
of
Investments
(Continued)
—
June
30,
2024
(Unaudited)
Shares
Market
Value
COMMON
STOCKS
(Continued)
Wireless
Communications
(Continued)
3,500
United
States
Cellular
Corp.†
....................
$
195,370
835,161
TOTAL
COMMON
STOCKS
..................
473,371,272
TOTAL
INVESTMENTS
—
100.0%
(Cost
$167,615,745)
.............................
$
473,371,272
†
Non-income
producing
security.
ADR
American
Depositary
Receipt
CDI
CHESS
(Australia)
Depository
Interest