Gabelli Investor Funds NPORT-P The Gabelli ABC Fund (Sep 2019 report)

The Gabelli ABC Fund

Schedule of Investments — September 30, 2019 (Unaudited)

Shares			Market Value
		COMMON STOCKS — 35.8%
		Aerospace and Defense — 0.2%
	60,000	Cobham plc†	$	115,712
	2,000	L3Harris Technologies Inc.		417,280
	12,000	Latecoere SACA†		50,225
	100,000	Wesco Aircraft Holdings Inc.†		1,101,000
				1,684,217
		Broadcasting — 0.1%
	8,000	Cogeco Inc.		576,307
	10,000	MSG Networks Inc., Cl. A†		162,200
				738,507
		Building and Construction — 5.2%
	40,000	Johnson Controls International plc		1,755,600
	1,010,000	Lennar Corp., Cl. B		44,813,700
	40,000	Norbord Inc., Toronto		958,901
				47,528,201
		Business Services — 0.0%
	500	BCA Marketplace plc		1,450
	30,000	exactEarth Ltd.†		7,586
				9,036
		Cable and Satellite — 0.4%
	1,000	AMC Networks Inc., Cl. A†		49,160
	1,000	Charter Communications Inc., Cl. A†		412,120
	44,300	Liberty Global plc, Cl. A†		1,096,425
	80,000	Liberty Global plc, Cl. C†		1,903,200
	3,000	Liberty Latin America Ltd., Cl. A†		51,210
	18,000	Liberty Latin America Ltd., Cl. C†		307,710
				3,819,825
		Computer Software and Services — 3.3%
	38,000	Business & Decision†		302,353
	742,000	Carbon Black Inc.†		19,284,580
	123,500	Digi International Inc.†		1,682,070
	10,605	Fiserv Inc.†		1,098,572
	52,000	iGO Inc.†		128,700
	2,500	InterXion Holding NV†		203,650
	7,000	MAM Software Group Inc.†		84,560
	2,500	Medidata Solutions Inc.†		228,750
	30,000	Monotype Imaging Holdings Inc.		594,300
	190,000	Pivotal Software Inc., Cl. A†		2,834,800
	175,000	Presidio Inc.		2,957,500
	6,300	Rockwell Automation Inc.		1,038,240
	20,000	StatPro Group plc		55,821
				30,493,896
		Consumer Products — 0.1%
	60,000	Avon Products Inc.†		264,000
	10,000	Bang & Olufsen A/S†		58,453
	20,000	Edgewell Personal Care Co.†		649,800
				972,253

Shares			Market Value
		Consumer Services — 1.2%
	190,747	Sotheby’s†	$	10,868,764
		Diversified Industrial — 2.8%
	130,000	Haldex AB		662,938
	30,000	Katy Industries Inc.†(a)		270
	3,000	Milacron Holdings Corp.†		50,010
	38,000	Myers Industries Inc.		670,700
	8,000	SLM Solutions Group AG†		126,260
	177,000	WABCO Holdings Inc.†		23,673,750
	20,000	Wartsila OYJ Abp		223,986
				25,407,914
		Electronics — 0.0%
	10,000	OSRAM Licht AG		439,796
		Energy and Utilities — 2.8%
	64,800	Alerion Cleanpower SpA		191,405
	50,000	Alvopetro Energy Ltd., Toronto†		25,852
	18,500	Apache Corp.		473,600
	12,000	Avangrid Inc.		627,000
	180,000	Buckeye Partners LP		7,396,200
	33,000	Connecticut Water Service Inc.		2,311,980
	65,700	El Paso Electric Co.		4,407,156
	20,000	Endesa SA		526,230
	200,000	Gulf Coast Ultra Deep Royalty Trust		6,140
	2,500	Hess Corp.		151,200
	55,000	National Fuel Gas Co.		2,580,600
	12,000	Noble Energy Inc.		269,520
	1,000	SemGroup Corp., Cl. A		16,340
	130,000	Severn Trent plc		3,460,550
	800,000	Texas Competitive Electric Holdings Co. LLC, Escrow†(a)		0
	67,307	UGI Corp.		3,383,523
	4,200	Valener Inc.		82,393
				25,909,689
		Entertainment — 0.7%
	30,000	Entertainment One Ltd.		208,776
	110,000	Fox Corp., Cl. B		3,469,400
	30,577	International Speedway Corp., Cl. A		1,376,271
	19,000	Liberty Media Corp.- Liberty Braves, Cl. A†		528,770
	9,000	Liberty Media Corp.- Liberty Braves, Cl. C†		249,750
	1,300	The Madison Square Garden Co., Cl. A†		342,576
				6,175,543
		Equipment and Supplies — 0.0%
	9,000	The L.S. Starrett Co., Cl. A†		52,200
		Financial Services — 1.5%
	7,000	Alimco Financial Corp.†		63,175
	50,000	AllianceBernstein Holding LP		1,467,500
	60,000	AXA Equitable Holdings Inc.		1,329,600

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The Gabelli ABC Fund

Schedule of Investments (Continued) — September 30, 2019 (Unaudited)

Shares			Market Value
		COMMON STOCKS (Continued)
		Financial Services (Continued)
	24,692	Brookfield Asset Management Inc., Cl. A	$	1,310,898
	1,000	Charles Taylor plc		3,934
	1,000	Entegra Financial Corp.†		30,040
	1,155	German American Bancorp Inc.		37,018
	1,218	Horizon Bancorp Inc.		21,144
	60,000	KKR & Co. Inc., Cl. A		1,611,000
	17,000	LegacyTexas Financial Group Inc.		740,010
	1,000	Mastercard Inc., Cl. A		271,570
	62,690	MoneyGram International Inc.†		249,506
	22,000	Navient Corp.		281,600
	12,000	Oritani Financial Corp.		212,340
	270,000	Sterling Bancorp		5,416,200
	13,000	Stewardship Financial Corp.		203,450
	2,200	Topdanmark A/S		106,179
	18,000	Waddell & Reed Financial Inc., Cl. A		309,240
	126,000	Wright Investors’ Service Holdings Inc.†		58,590
				13,722,994
		Food and Beverage — 0.6%
	495,822	Castle Brands Inc.†		624,736
	3,500	Pernod Ricard SA		623,345
	3,300,000	Premier Foods plc†		1,314,628
	24,000	Remy Cointreau SA		3,186,153
				5,748,862
		Health Care — 6.0%
	179,000	Akorn Inc.†		680,200
	1,000	Alder Biopharmaceuticals Inc.†		18,860
	66,000	Allergan plc		11,107,140
	60,000	AstraZeneca plc, ADR		2,674,200
	500	Bio-Rad Laboratories Inc., Cl. A†		166,370
	300	Cambrex Corp.†		17,850
	160,000	Celgene Corp.†		15,888,000
	40,000	Clovis Oncology Inc.†		157,200
	3,000	Corindus Vascular Robotics Inc.†		12,840
	500	ICU Medical Inc.†		79,800
	158,000	Idorsia Ltd.†		3,884,896
	300	Illumina Inc.†		91,266
	37,000	McKesson Europe AG		1,056,601
	433,000	Myrexis Inc.†		12,557
	987,000	Pacific Biosciences of California Inc.†		5,092,920
	24,500	Perrigo Co. plc		1,369,305
	133,000	Spark Therapeutics Inc.†		12,898,340
				55,208,345
		Hotels and Gaming — 0.3%
	80,000	Caesars Entertainment Corp.†		932,800
	55,800	Cherry AB, Cl. B†(a)		493,151
	9,101	Eldorado Resorts Inc.†		362,857
	61,347	Empire Resorts Inc.†		590,772
				2,379,580

Shares			Market Value
		Industrials — 0.1%
	1,000	Altran Technologies SA	$	15,706
	30,000	Arconic Inc.		780,000
	5,000	NRC Group Holdings Corp.†		62,200
				857,906
		Machinery — 0.4%
	26,000	Astec Industries Inc.		808,600
	33,000	CIRCOR International Inc.†		1,239,150
	140,000	CNH Industrial NV		1,421,000
	45,000	CNH Industrial NV, Borsa Italiana		458,108
				3,926,858
		Metals and Mining — 0.7%
	6,000	Alamos Gold Inc., Cl. A		34,800
	55,000	Ampco-Pittsburgh Corp.†		202,400
	13,000	Detour Gold Corp.†		190,852
	130,000	Freeport-McMoRan Inc.		1,244,100
	20,808	Newmont Goldcorp Corp.		789,039
	115,753	Pan American Silver Corp.		1,815,007
	12,000	Pan American Silver Corp., Toronto		187,946
	10,000	Vulcan Materials Co.		1,512,400
				5,976,544
		Paper and Forest Products — 0.1%
	60,000	Canfor Corp.†		703,325
		Publishing — 0.3%
	20,000	Axel Springer SE†		1,373,342
	4,000	Meredith Corp.		146,640
	125,000	The E.W. Scripps Co., Cl. A		1,660,000
				3,179,982
		Real Estate — 0.2%
	500	American Tower Corp., REIT		110,565
	5,000	Condor Hospitality Trust Inc., REIT		55,250
	4,097	Cousins Properties Inc., REIT		154,006
	250	Dream Global Real Estate Investment Trust		3,136
	34,298	Vastned Retail Belgium NV, REIT		1,674,769
				1,997,726
		Retail — 0.0%
	5,000	Greene King plc		52,071
	101,770	TheBon-Ton Stores Inc.†		2,025
	28,000	Vitamin Shoppe Inc.†		182,560
				236,656
		Semiconductors — 4.1%
	100,000	AIXTRON SE†		1,020,197
	100,000	Cypress Semiconductor Corp.		2,334,000
	2,146	II-VI Inc.†		75,561
	100,000	Mellanox Technologies Ltd.†		10,959,000
	440,000	Versum Materials Inc.		23,289,200
				37,677,958

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The Gabelli ABC Fund

Schedule of Investments (Continued) — September 30, 2019 (Unaudited)

Shares			Market Value
		COMMON STOCKS (Continued)
		Specialty Chemicals — 0.8%
	4,000	Hexion Holdings Corp., Cl. B†	$	45,000
	8,800	Linde plc		1,704,736
	520,000	OMNOVA Solutions Inc.†		5,236,400
	44,500	SGL Carbon SE†		211,279
	20,000	Valvoline Inc.		440,600
				7,638,015
		Telecommunications — 2.0%
	72,000	Acacia Communications Inc.†		4,708,800
	190,000	CenturyLink Inc.		2,371,200
	400,000	Inmarsat plc		2,876,148
	130,000	Koninklijke KPN NV		405,387
	64,700	Parrot SA†		213,676
	100,000	Pharol SGPS SA†		12,164
	570,000	Sprint Corp.†		3,516,900
	83,000	Telenet Group Holding NV†		3,917,185
				18,021,460
		Transportation — 0.6%
	400,000	DryShips Inc.†		2,092,000
	13,537	DSV Panalpina A/S		1,288,099
	7,000	Genesee & Wyoming Inc., Cl. A†		773,570
	23,000	WestJet Airlines Ltd.		531,230
	2,000	XPO Logistics Europe SA		671,412
				5,356,311
		Wireless Communications — 1.3%
	10,000	Blackberry Ltd.†		52,500
	135,000	Millicom International Cellular SA, SDR		6,549,743
	7,000	T-Mobile US Inc.†		551,390
	13,000	United States Cellular Corp.†		488,540
	120,000	Zayo Group Holdings Inc.†		4,068,000
				11,710,173
		TOTAL COMMON STOCKS		328,442,536
		CLOSED-END FUNDS — 0.5%
	210,000	Altaba Inc.		4,090,800
		RIGHTS — 0.2%
		Entertainment — 0.0%
	201,000	Media General Inc., CVR†(a)		0
		Health Care — 0.1%
	187,969	Ambit Biosciences Corp., CVR†(a)		380,637
	135,000	American Medical Alert Corp., CPR†(a)		1,350
	640,000	Innocoll, CVR†(a)		6
	150,000	Ipsen SA/Clementia, CVR†(a)		202,500
	95,400	Ocera Therapeutics, CVR†(a)		37,206
	100	Omthera Pharmaceuticals Inc., CVR†(a)		0
	400,000	Sanofi, CVR†		228,000
	825,000	Teva Pharmaceutical Industries Ltd., CCCP, expire 02/20/23†(a)		0

Shares			Market Value
	12,000	Tobira Therapeutics Inc., CVR†(a)	$	720
				850,419
		Metals and Mining — 0.1%
	2,200,000	Pan American Silver Corp., CVR†		1,320,000
		Specialty Chemicals — 0.0%
	96,986	A. Schulman Inc., CVR†(a)		50,724
		TOTAL RIGHTS		2,221,143
Principal Amount
		CORPORATE BONDS — 0.0%
		Health Care — 0.0%
$	65,000	Constellation Health Promissory Note, PIK, 5.000%, 01/31/24(a)(b)		27,950
		U.S. GOVERNMENT OBLIGATIONS — 63.5%
	585,280,000	U.S. Treasury Bills, 1.793% to 2.383%††, 10/10/19 to 03/19/20(c)		583,343,634
		TOTAL INVESTMENTS BEFORE SECURITIES SOLD SHORT — 100.0%
		(Cost $909,874,833)	$	918,126,063
Shares			Market Value
		SECURITIES SOLD SHORT — (4.9)%
		Building and Construction — (4.4)%
	720,000	Lennar Corp., Cl. A	$	40,212,000
		Financial Services — (0.1)%
	21,540	Brookfield Asset Management Inc., Cl. A		1,143,559
	3,200	Valley National Bancorp		34,784
				1,178,343
		Health Care — (0.4)%
	25,114	AbbVie Inc.		1,901,632
	32,000	Bristol-Myers Squibb Co.		1,622,720
				3,524,352
		Industrials — 0.0%
	980	US Ecology Inc.		62,661
		TOTAL SECURITIES SOLD SHORT(d)
		(Proceeds received $41,360,928)	$	44,977,356

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The Gabelli ABC Fund

Schedule of Investments (Continued) — September 30, 2019 (Unaudited)

(a)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(b)	Payment-in-kind (PIK) security. 5.00% PIK interest income will be paid as additional securities at the discretion of the issuer.
(c)	At September 30, 2019, $77,000,000 of the principal amount was reserved and/or pledged with the custodian for securities sold short, equity contract for difference swap agreements, and forward foreign exchange contracts.
(d)	At September 30, 2019, these proceeds were being held at Pershing LLC.

†	Non-income producing security.
††	Represents annualized yields at dates of purchase.
ADR	American Depositary Receipt
CCCP	Contingent Cash Consideration Payment
CPR	Contingent Payment Right
CVR	Contingent Value Right
REIT	Real Estate Investment Trust
SDR	Swedish Depositary Receipt

As of September 30, 2019, forward foreign exchange contracts outstanding were as follows:

Currency Purchased	Currency Sold	Counterparty	Settlement Date		Unrealized Appreciation
USD  16,565,697	EUR  15,100,000	State Street Bank and Trust Co.		10/31/19	$  66,571
USD  7,914,803	GBP  6,400,000	State Street Bank and Trust Co.		10/31/19	35,164
USD  287,852	SEK  2,800,000	State Street Bank and Trust Co.		10/31/19	2,802
TOTAL FORWARD FOREIGN EXCHANGE CONTRACTS					$104,537

As of September 30, 2019, equity contract for difference swap agreements outstanding were as follows:

Market Value Appreciation Received	One Month LIBOR Plus 90 bps plus Market Value Depreciation Paid	Counterparty	Payment Frequency	Termination Date	Notional Amount	Value	Upfront Payments/ Receipts		Unrealized Appreciation
Premier Foods plc	Premier Foods plc	The Goldman Sachs Group, Inc.	1 month	04/01/2020	$671,928	$1,321		—	$1,321
TOTAL EQUITY CONTRACT FOR DIFFERENCE SWAP AGREEMENT									$1,321

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