Gabelli Investor Funds NPORT-P The Gabelli ABC Fund (Mar 2021 report)

The Gabelli ABC Fund

Schedule of Investments — March 31, 2021 (Unaudited)

Shares			Market Value
		COMMON STOCKS — 37.7%
		Aerospace and Defense — 0.9%
	150,000	Aerojet Rocketdyne Holdings Inc.	$	7,044,000
	2,800	Hexcel Corp.†		156,800
				7,200,800
		Automotive — 1.3%
	244,000	Navistar International Corp.†		10,743,320
		Broadcasting — 0.4%
	8,000	Cogeco Inc.		617,172
	20,000	MSG Networks Inc., Cl. A†		300,800
	84,000	Sinclair Broadcast Group Inc., Cl. A		2,457,840
				3,375,812
		Building and Construction — 10.1%
	2,000	Hinokiya Group Co. Ltd.		45,374
	5,000	Huttig Building Products Inc.†		18,300
	22,000	Johnson Controls International plc		1,312,740
	1,005,000	Lennar Corp., Cl. B		82,751,700
				84,128,114
		Business Services — 0.4%
	3,000	Devoteam SA†		374,326
	2,000	eWork Group AB		22,694
	17,000	exactEarth Ltd.†		18,262
	10,000	IHS Markit Ltd.		967,800
	2,000	MDC Partners Inc., Cl. A†		6,240
	165,000	Sogou Inc., ADR†		1,245,750
	204,505	Steel Connect Inc.†		404,920
	60,000	WPP AUNZ Ltd.		29,622
				3,069,614
		Cable and Satellite — 0.6%
	1,000	Charter Communications Inc., Cl. A†		617,020
	30,000	Euskaltel SA		390,509
	600	Gilat Satellite Networks Ltd.		6,276
	65,000	Liberty Global plc, Cl. A†		1,667,900
	35,000	Liberty Global plc, Cl. C†		893,900
	12,000	Liberty Latin America Ltd., Cl. A†		153,960
	2,000	Shaw Communications Inc., Cl. B		52,009
	400,000	Tele Columbus AG†		1,482,293
				5,263,867
		Computer Software and Services — 2.7%
	80,000	Digi International Inc.†		1,519,200
	8,500	Fiserv Inc.†		1,011,840
	20,000	iGO Inc.†		77,900
	92,364	NIC Inc.		3,133,911
	26,000	NortonLifeLock Inc.		552,760
	220,000	Perspecta Inc.		6,391,000
	70,000	Pluralsight Inc., Cl. A†		1,563,800
	33,000	RealPage Inc.†		2,877,600
	15,000	Rocket Internet SE†		416,543

Shares				Market Value
	4,500		Rockwell Automation Inc.	$	1,194,480
	400		Slack Technologies Inc., Cl. A†		16,252
	4,000		Synacor Inc.†		8,760
	36,000		Talend SA, ADR†		2,291,040
	10,500		Xilinx Inc.†		1,300,950
					22,356,036
			Consumer Products — 0.4%
	292,000		Asaleo Care Ltd.		310,504
	15,000		Bang & Olufsen A/S†		71,462
	6,000		Dorel Industries Inc., Cl. B†		60,587
	15,000		Edgewell Personal Care Co.		594,000
	10,000		Energizer Holdings Inc.		474,600
	20,000		Hunter Douglas NV†		1,576,109
					3,087,262
			Diversified Industrial — 0.2%
	1,000		Aegion Corp.†		28,750
	2,500		Forterra Inc.†		58,125
	24,000		Haldex AB†		127,098
	50,000		Houston Wire & Cable Co.†		261,000
	42,000		Myers Industries Inc.		829,920
	35,000		Steel Partners Holdings LP†		481,250
	20,000		Wartsila OYJ Abp		209,538
					1,995,681
			Electronics — 0.1%
	1,100		Coherent Inc.†		278,179
	4,000		FLIR Systems Inc.		225,880
	15,000		SMTC Corp.†		90,150
					594,209
			Energy and Utilities — 2.7%
	400		Akasol AG†		56,027
	62,000		Alerion Cleanpower SpA		937,925
	50,000		Alvopetro Energy Ltd.†		37,400
	8,000		APA Corp.		143,200
	50,000		Atlantic Power Corp.†		144,500
	5,000		Avangrid Inc.		249,050
	54,661		Enable Midstream Partners LP		354,203
	20,000		Endesa SA		529,122
	520		Equitrans Midstream Corp.		4,243
	1,000		GasLog Ltd.		5,770
	200,000		Gulf Coast Ultra Deep Royalty Trust		8,000
	159,398	��	Hoegh LNG Holdings Ltd.†		434,223
	35,200		National Fuel Gas Co.		1,759,648
	245,000		PNM Resources Inc.		12,017,250
	45,000		Primo Water Corp.		731,700
	95,000		Severn Trent plc		3,020,099
	10,000		Tilt Renewables Ltd.		52,869
	37,000		UGI Corp.		1,517,370
					22,002,599

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The Gabelli ABC Fund

Schedule of Investments (Continued) — March 31, 2021 (Unaudited)

Shares			Market Value
		COMMON STOCKS (Continued)
		Entertainment — 0.5%
	91,000	Fox Corp., Cl. B	$	3,178,630
	24,000	Liberty Media Corp.- Liberty Braves, Cl. A†		684,240
	1,300	Madison Square Garden Entertainment Corp.†		106,340
	2,000	Madison Square Garden Sports Corp.†		358,920
				4,328,130
		Equipment and Supplies — 1.5%
	69,000	MTS Systems Corp.†		4,015,800
	200,000	SEACOR Holdings Inc.†		8,150,000
	33,600	The L.S. Starrett Co., Cl. A†		216,720
				12,382,520
		Financial Services — 3.5%
	7,000	Alimco Financial Corp.†		63,000
	44,000	AllianceBernstein Holding LP		1,759,560
	1,500	Brookfield Asset Management Inc., Cl. A		66,750
	100,000	Cardtronics plc, Cl. A†		3,880,000
	3,000	Cerved Group SpA†		33,176
	1,500	CoreLogic Inc.		118,875
	27,000	Equitable Holdings Inc.		880,740
	4,000	FBL Financial Group Inc., Cl. A		223,680
	1,000	Horizon BanCorp Inc.		18,580
	4,000	Infront ASA†		18,286
	60,000	KKR & Co. Inc.		2,931,000
	1,000	Mastercard Inc., Cl. A		356,050
	46,000	MoneyGram International Inc.†		302,220
	500	ProSight Global Inc.†		6,300
	11,500	Protective Insurance Corp., Cl. B		263,005
	4,000	Standard AVB Financial Corp.		130,600
	275,000	Sterling Bancorp.		6,330,500
	200	The Hartford Financial Services Group Inc.		13,358
	1,000	Topdanmark AS		45,749
	16,000	Valley National Bancorp		219,840
	150,000	Waddell & Reed Financial Inc., Cl. A		3,757,500
	35,000	Willis Towers Watson plc.		8,010,800
	60,000	Wright Investors’ Service Holdings Inc.†		12,000
				29,441,569
		Food and Beverage — 0.6%
	78,868	Coca-Cola Amatil Ltd.		804,513
	2,000	Pernod Ricard SA		375,381
	20,000	Remy Cointreau SA		3,694,005
				4,873,899
		Health Care — 3.2%
	13,200	Alexion Pharmaceuticals Inc.†		2,018,412
	12,690	AstraZeneca plc, ADR		630,947
	400	Bio-Rad Laboratories Inc., Cl. A†		228,468
	10,700	Bridgebio Pharma Inc.†		659,120
	27,000	Change Healthcare Inc.†		596,700
	14,000	Clovis Oncology Inc.†		98,280

Shares			Market Value
	110,000	Five Prime Therapeutics Inc.†	$	4,143,700
	24,000	GenMark Diagnostics Inc.†		573,600
	41,005	HMS Holdings Corp.†		1,516,160
	500	ICU Medical Inc.†		102,720
	182,000	Idorsia Ltd.†		4,879,522
	300	Illumina Inc.†		115,218
	3,000	Intersect ENT Inc.†		62,640
	5,000	Kiadis Pharma NV†		31,839
	17,000	Magellan Health Inc.†		1,585,080
	37,000	McKesson Europe AG		1,132,476
	433,000	Myrexis Inc.†		22,083
	200,000	Nuvectra Corp.†		3,000
	13,700	Pandion Therapeutics Inc.†		822,685
	26,000	Perrigo Co. plc		1,052,220
	13,000	QIAGEN NV, Toronto†		632,970
	10,000	Scapa Group plc†		29,571
	30,000	Varian Medical Systems Inc.†		5,295,900
	50,000	Viatris Inc.†		698,500
				26,931,811
		Hotels and Gaming — 0.2%
	55,800	Cherry AB, Cl. B†(a)		555,863
	16,000	Extended Stay America Inc.		316,000
	10,000	Gamesys Group plc		266,346
	4,000	Great Canadian Gaming Corp.†		137,726
	70,681	William Hill plc†		265,039
				1,540,974
		Machinery — 0.9%
	25,000	Astec Industries Inc.		1,885,500
	25,000	CFT SpA†		76,519
	12,000	CIRCOR International Inc.†		417,840
	290,000	CNH Industrial NV†		4,535,600
	10,000	CNH Industrial NV, Borsa Italiana†		154,738
	20,000	Neles Oyj		254,007
				7,324,204
		Metals and Mining — 1.1%
	85,000	Ampco-Pittsburgh Corp.†		573,750
	1,000	Battle North Gold Corp.†		2,069
	3,760	Endeavour Mining Corp.		75,786
	81,000	Freeport-McMoRan Inc.†		2,667,330
	19,000	Newmont Corp.		1,145,130
	87,000	Pan American Silver Corp.		2,612,610
	25,000	Sierra Metals Inc.†		78,750
	10,000	Vulcan Materials Co.		1,687,500
				8,842,925
		Paper and Forest Products — 0.3%
	70,000	Canfor Corp.†		1,449,908
	13,000	West Fraser Timber Co. Ltd.		935,251
				2,385,159

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The Gabelli ABC Fund

Schedule of Investments (Continued) — March 31, 2021 (Unaudited)

Shares			Market Value
		COMMON STOCKS (Continued)
		Publishing — 0.1%
	2,000	Meredith Corp.†	$	59,560
	30,000	The E.W. Scripps Co., Cl. A		578,100
				637,660
		Real Estate — 0.1%
	500	American Tower Corp., REIT		119,530
	4,000	Brookfield Property Partners LP.		71,160
	5,000	Corem Property Group AB, Cl. B		10,677
	16,000	Rayonier Inc., REIT		516,000
	1,000	S IMMO AG.		25,154
				742,521
		Retail — 0.4%
	116,000	Sportsman’s Warehouse Holdings Inc.†		1,999,840
	101,770	The Bon-Ton Stores Inc.†		2,799
	66,395	The Michaels Companies Inc.†		1,456,706
				3,459,345
		Semiconductors — 2.1%
	95,000	AIXTRON SE†		2,158,501
	400	Dialog Semiconductor plc†		30,124
	82,000	Inphi Corp.†		14,629,620
	2,800	Siltronic AG†		451,490
	700	Siltronic AG		110,820
				17,380,555
		Specialty Chemicals — 0.6%
	4,000	Hexion Holdings Corp., Cl. B†		60,000
	2,200	Linde plc		616,308
	27,000	Pla Matels Corp.†		187,762
	18,000	SGL Carbon SE†		127,496
	90,000	Tikkurila Oyj†		3,572,631
	6,000	W R Grace & Co.		359,160
				4,923,357
		Telecommunications — 1.0%
	10,000	Cincinnati Bell Inc.†		153,500
	120,000	Koninklijke KPN NV		407,255
	2,081	Liberty Latin America Ltd., Cl. C†		27,011
	140,000	Lumen Technologies Inc.		1,869,000
	60,000	Orange Belgium SA		1,611,290
	61,000	Parrot SA†		449,238
	100,000	Pharol SGPS SA†		13,721
	92,000	Telenet Group Holding NV		3,730,781
				8,261,796
		Transportation — 1.4%
	102,500	Cubic Corp.		7,643,425
	13,537	DSV PANALPINA A/S		2,655,862
	1,100	Kansas City Southern		290,312
	2,000	XPO Logistics Europe SA†		703,620
				11,293,219

Shares			Market Value
		Wireless Communications — 0.3%
	14,500	Boingo Wireless Inc.†	$	204,015
	57,000	Millicom International Cellular SA, SDR†		2,192,948
	14,000	United States Cellular Corp.†		510,720
				2,907,683
		Wireless Telecommunications Services — 0.1%
	400,000	NII Holdings Inc., Escrow†(a)		868,000
		TOTAL COMMON STOCKS		312,342,641
		CLOSED-END FUNDS — 0.4%
	235,000	Altaba Inc., Escrow†		3,419,250
		RIGHTS — 0.3%
		Entertainment — 0.0%
	201,000	Media General Inc., CVR†(a)		0
		Health Care — 0.1%
	39,000	Achillion Pharmaceuticals Inc., CVR†		19,500
	10,000	Alder BioPharmaceuticals Inc. – H. Lundbeck A/S, CVR†		10,000
	187,969	Ambit Biosciences Corp., CVR†(a)		317,668
	100,000	Dova Pharmaceuticals Inc., CVR†		12,500
	640,000	Innocoll, CVR†(a)		6
	150,000	Ipsen SA/Clementia, CVR†(a)		0
	95,400	Ocera Therapeutics, CVR†(a)		16,218
	11,000	Prevail Therapeutics Inc., CVR†(a)		5,500
	10,000	Stemline Therapeutics Inc., CVR†(a)		0
	825,000	Teva Pharmaceutical Industries Ltd., CCCP, expire 02/20/23†(a)		0
	12,000	Tobira Therapeutics Inc., CVR†(a)		720
				382,112
		Metals and Mining — 0.2%
	2,200,000	Pan American Silver Corp., CVR†		1,914,000
		TOTAL RIGHTS		2,296,112
		WARRANTS — 0.0%
		Diversified Industrial — 0.0%
	102,000	Ampco-Pittsburgh Corp., expire 08/01/25†		134,640
Principal Amount
		U.S. GOVERNMENT OBLIGATIONS — 61.6%
	$  511,399,000	U.S. Treasury Bills, 0.014% to 0.110%††, 04/01/21 to 09/30/21(b)		511,377,415
		TOTAL INVESTMENTS BEFORE SECURITIES SOLD SHORT — 100.0% (Cost $754,496,049)	$	829,570,058

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The Gabelli ABC Fund

Schedule of Investments (Continued) — March 31, 2021 (Unaudited)

Shares			Market Value
		SECURITIES SOLD SHORT — (11.1)%
		Building and Construction — (8.7)%
	710,000	Lennar Corp., Cl. A	$	71,873,300
		Financial Services — (1.1)%
	37,800	Aon plc, Cl. A		8,698,158
	1,419	S&P Global Inc.		500,723
				9,198,881
		Semiconductors — (1.3)%
	13,786	Advanced Micro Devices Inc.		1,082,201
	770	II-VI Inc.		52,645
	190,485	Marvell Technology Group Ltd.		9,329,955
				10,464,801
		Transportation — 0.0%
	400	Canadian Pacific Railway Ltd.		151,716
		TOTAL SECURITIES SOLD SHORT(c) (Proceeds received $54,918,752)	$	91,688,698

(a) Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

(b) At March 31, 2021, $123,000,000 of the principal amount was reserved and/or pledged with the custodian for securities sold short and forward foreign exchange contracts.

(c) At March 31, 2021, 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
CVR	Contingent Value Right
REIT	Real Estate Investment Trust
SDR	Swedish Depositary Receipt

As of March 31, 2021, forward foreign exchange contracts outstanding were as follows:

Currency Purchased	Currency    Sold		Counterparty	Settlement Date		Unrealized Appreciation/ (Depreciation)
USD 24,376,474		EUR 20,600,000	State Street Bank and Trust Co.		04/29/21		$204,318
USD 2,867,493		CAD 3,600,000	State Street Bank and Trust Co.		04/29/21		2,671
USD 325,702		SEK 2,800,000	State Street Bank and Trust Co.		04/29/21		5,010
USD 2,880,440		GBP 2,100,000	State Street Bank and Trust Co.		04/29/21		(14,904)
USD 761,205		AUD 1,000,000	State Street Bank and Trust Co.		04/29/21		1,529
TOTAL FORWARD FOREIGN EXCHANGE CONTRACTS							$198,624

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