Gabelli Investor Funds NPORT-P The Gabelli ABC Fund (Mar 2022 report)

1

The

Gabelli

ABC

Fund

Schedule

of

Investments

—

March

31,

2022

(Unaudited)

Shares

Market

Value

COMMON

STOCKS

 —

39.7%

Aerospace

and

Defense

 —

1.3%

222,900‌

Aerojet

Rocketdyne

Holdings

Inc.†

............

$

8,771,115‌

1,800‌

Hexcel

Corp.

............................................

107,046‌

22,500‌

Meggitt

plc†

.............................................

224,693‌

1,700‌

Spire

Global

Inc.†

.....................................

3,570‌

9,106,424‌

Automotive

 —

0.1%

55,000‌

Iveco

Group

NV†

......................................

362,020‌

Automotive:

Parts

and

Accessories

 —

0.5%

24,000‌

Meritor

Inc.†

............................................

853,680‌

17,000‌

Tenneco

Inc.,

Cl. A†

..................................

311,440‌

60,000‌

Veoneer

Inc.†

...........................................

2,217,000‌

3,382,120‌

Broadcasting

 —

1.0%

8,000‌

Cogeco

Inc.

..............................................

493,253‌

105,000‌

Sinclair

Broadcast

Group

Inc.,

Cl. A

...........

2,942,100‌

150,000‌

TEGNA

Inc.

..............................................

3,360,000‌

6,795,353‌

Building

and

Construction

 —

9.6%

14,000‌

Cornerstone

Building

Brands

Inc.†

............

340,480‌

2,000‌

Hinokiya

Group

Co.

Ltd.

............................

38,673‌

6,000‌

Johnson

Controls

International

plc

............

393,420‌

935,400‌

Lennar

Corp.,

Cl. B

...................................

63,934,590‌

64,707,163‌

Business

Services

 —

0.6%

30,000‌

Bottomline

Technologies

DE

Inc.†

.............

1,700,400‌

76,000‌

Dawson

Geophysical

Co.†

........................

177,840‌

2,000‌

eWork

Group

AB

......................................

22,973‌

388,721‌

Macquarie

Infrastructure

Holdings

LLC

.....

1,449,929‌

6,500‌

Nielsen

Holdings

plc

.................................

177,060‌

180,000‌

Steel

Connect

Inc.†

..................................

232,200‌

5,000‌

Volt

Information

Sciences

Inc.†

................

29,900‌

3,790,302‌

Cable

and

Satellite

 —

0.5%

1,000‌

Charter

Communications

Inc.,

Cl. A†

.........

545,520‌

600‌

Gilat

Satellite

Networks

Ltd.†

....................

5,286‌

69,000‌

Liberty

Global

plc,

Cl. A†

..........................

1,760,190‌

25,000‌

Liberty

Global

plc,

Cl. C†

..........................

647,750‌

14,000‌

Liberty

Latin

America

Ltd.,

Cl. A†

..............

135,800‌

10,000‌

Shaw

Communications

Inc.,

Cl. B

.............

310,363‌

3,404,909‌

Communications

 —

0.1%

6,000‌

Millicom

International

Cellular

SA†

...........

151,260‌

10,000‌

Plantronics

Inc.†

......................................

394,000‌

545,260‌

Computer

Software

and

Services

 —

1.4%

3,500‌

Anaplan

Inc.†

...........................................

227,675‌

11,700‌

Aspen

Technology

Inc.†

............................

1,934,829‌

Shares

Market

Value

125,000‌

Avast

plc

..................................................

$

929,408‌

6,500‌

Cerner

Corp.

............................................

608,140‌

8,000‌

Citrix

Systems

Inc.

...................................

807,200‌

14,000‌

Dell

Technologies

Inc.,

Cl. C†

....................

702,660‌

60,000‌

Digi

International

Inc.†

.............................

1,291,200‌

9,000‌

Fiserv

Inc.†

..............................................

912,600‌

6,500‌

Mandiant

Inc.†

.........................................

145,015‌

14,000‌

Mimecast

Ltd.†

........................................

1,113,840‌

6,000‌

Playtech

plc†

............................................

46,661‌

5,000‌

Rocket

Internet

SE

....................................

155,815‌

2,800‌

Rockwell

Automation

Inc.

.........................

784,084‌

9,659,127‌

Consumer

Products

 —

0.9%

2,000‌

Accell

Group

NV†

.....................................

126,997‌

15,000‌

Bang

&

Olufsen

A/S†

................................

43,166‌

17,000‌

Energizer

Holdings

Inc.

.............................

522,920‌

22,500‌

Hunter

Douglas

NV†

.................................

4,296,122‌

20,000‌

Terminix

Global

Holdings

Inc.†

.................

912,600‌

5,901,805‌

Diversified

Industrial

 —

1.2%

5,000‌

Akka

Technologies†

..................................

270,921‌

16,000‌

Haldex

AB†

..............................................

70,110‌

6,000‌

Intertape

Polymer

Group

Inc.

....................

190,441‌

40,000‌

Myers

Industries

Inc.

................................

864,000‌

35,000‌

Steel

Partners

Holdings

LP†

.....................

1,454,600‌

106,435‌

US

Ecology

Inc.†

......................................

5,096,108‌

20,000‌

Wartsila

OYJ

Abp

.....................................

183,770‌

8,129,950‌

Electronics

 —

1.8%

1,300‌

Coherent

Inc.†

.........................................

355,368‌

6,000‌

NeoPhotonics

Corp.†

................................

91,260‌

44,000‌

Rogers

Corp.†

..........................................

11,954,800‌

1,000‌

Ultra

Electronics

Holdings

plc

...................

43,666‌

12,445,094‌

Energy

and

Utilities

 —

3.4%

58,000‌

Alerion

Cleanpower

SpA

...........................

1,937,707‌

16,666‌

Alvopetro

Energy

Ltd.

...............................

72,922‌

13,000‌

APA

Corp.

................................................

537,290‌

9,185‌

Corning

Natural

Gas

Holding

Corp.

............

222,506‌

20,000‌

Endesa

SA

................................................

437,522‌

46,982‌

Energy

Transfer

LP

...................................

525,728‌

520‌

Equitrans

Midstream

Corp.

.......................

4,389‌

200,000‌

Gulf

Coast

Ultra

Deep

Royalty

Trust

...........

7,420‌

31,000‌

National

Fuel

Gas

Co.

................................

2,129,700‌

245,000‌

PNM

Resources

Inc.

.................................

11,679,150‌

30,000‌

Primo

Water

Corp.

....................................

427,500‌

12,000‌

Renewable

Energy

Group

Inc.†

.................

727,800‌

80,000‌

Severn

Trent

plc

.......................................

3,234,732‌

4,000‌

South

Jersey

Industries

Inc.

.....................

138,200‌

300‌

Southwest

Gas

Holdings

Inc.

....................

23,487‌

2

The

Gabelli

ABC

Fund

Schedule

of

Investments

(Continued)

—

March

31,

2022

(Unaudited)

Shares

Market

Value

COMMON

STOCKS

(Continued)

Energy

and

Utilities

(Continued)

22,500‌

UGI

Corp.

.................................................

$

814,950‌

116,000‌

Vivo

Energy

plc

........................................

208,156‌

23,129,159‌

Entertainment

 —

0.8%

2,000‌

Activision

Blizzard

Inc.

..............................

160,220‌

91,000‌

Fox

Corp.,

Cl. B

........................................

3,301,480‌

30,000‌

Liberty

Media

Corp.-

Liberty

Braves,

Cl. A†

863,400‌

4,740‌

Madison

Square

Garden

Entertainment

Corp.†

..................................................

394,889‌

3,500‌

Madison

Square

Garden

Sports

Corp.†

.....

627,760‌

5,500‌

Zynga

Inc.,

Cl. A†

.....................................

50,820‌

5,398,569‌

Equipment

and

Supplies

 —

1.7%

127,000‌

SPX

FLOW

Inc.

.........................................

10,949,940‌

33,600‌

The

L.S.

Starrett

Co.,

Cl. A†

......................

258,384‌

11,208,324‌

Financial

Services

 —

3.4%

17,000‌

Aareal

Bank

AG

........................................

535,978‌

7,000‌

Alimco

Financial

Corp.†

............................

49,000‌

400‌

Alleghany

Corp.†

......................................

338,800‌

40,000‌

AllianceBernstein

Holding

LP

....................

1,880,800‌

22,000‌

American

National

Group

Inc.

...................

4,159,980‌

3,000‌

Brookfield

Asset

Management

Inc.,

Cl. A

...

169,710‌

23,000‌

Equitable

Holdings

Inc.

.............................

710,930‌

9,000‌

Fanhua

Inc.,

ADR

.....................................

65,520‌

32,000‌

First

Horizon

Corp.

...................................

751,680‌

1,000‌

Horizon

Bancorp

Inc.

................................

18,670‌

10,000‌

Intertrust

NV†

..........................................

217,267‌

53,000‌

KKR

&

Co.

Inc.

.........................................

3,098,910‌

1,000‌

Mastercard

Inc.,

Cl. A

...............................

357,380‌

80,000‌

MoneyGram

International

Inc.†

.................

844,800‌

7,920‌

SouthState

Corp.

......................................

646,193‌

1,000‌

Topdanmark

AS

........................................

55,978‌

16,000‌

Valley

National

Bancorp

............................

208,320‌

126,932‌

Webster

Financial

Corp.

............................

7,123,424‌

7,500‌

Willis

Towers

Watson

plc

..........................

1,771,650‌

35,000‌

Wright

Investors'

Service

Holdings

Inc.†

...

8,925‌

23,013,915‌

Food

and

Beverage

 —

0.8%

2,000‌

Pernod

Ricard

SA

.....................................

440,951‌

18,500‌

Remy

Cointreau

SA

..................................

3,827,072‌

7,200‌

Sanderson

Farms

Inc.

...............................

1,349,928‌

5,617,951‌

Health

Care

 —

2.8%

12,500‌

AstraZeneca

plc,

ADR

...............................

829,250‌

400‌

Bio-Rad

Laboratories

Inc.,

Cl. A†

..............

225,292‌

8,400‌

Bioventus

Inc.,

Cl. A†

...............................

118,440‌

5,000‌

Bridgebio

Pharma

Inc.†

............................

50,750‌

Shares

Market

Value

34,000‌

Change

Healthcare

Inc.†

...........................

$

741,200‌

15,000‌

Clovis

Oncology

Inc.†

...............................

30,300‌

2,000‌

Healthcare

Trust

of

America

Inc.,

Cl. A,

REIT

.....................................................

62,680‌

500‌

ICU

Medical

Inc.†

.....................................

111,320‌

182,000‌

Idorsia

Ltd.†

............................................

3,629,955‌

300‌

Illumina

Inc.†

...........................................

104,820‌

32,500‌

Intersect

ENT

Inc.†

...................................

910,325‌

65,000‌

IntriCon

Corp.†

........................................

1,550,900‌

37,000‌

McKesson

Europe

AG

...............................

933,232‌

433,000‌

Myrexis

Inc.†

...........................................

8,660‌

2,500‌

Ortho

Clinical

Diagnostics

Holdings

plc†

...

46,650‌

70,000‌

Perrigo

Co.

plc

.........................................

2,690,100‌

12,000‌

QIAGEN

NV†

............................................

588,000‌

500‌

SOC

Telemed

Inc.†

...................................

1,495‌

220,000‌

Viatris

Inc.

...............................................

2,393,600‌

21,000‌

Vifor

Pharma

AG†

....................................

3,744,116‌

18,771,085‌

Hotels

and

Gaming

 —

0.0%

4,000‌

Entain

plc†

...............................................

86,359‌

Machinery

 —

2.1%

22,000‌

Astec

Industries

Inc.

.................................

946,000‌

25,000‌

CFT

SpA†

.................................................

127,219‌

12,000‌

CIRCOR

International

Inc.†

.......................

319,440‌

275,000‌

CNH

Industrial

NV

....................................

4,361,500‌

40,000‌

Neles

Oyj

.................................................

408,870‌

240,000‌

Welbilt

Inc.†

.............................................

5,700,000‌

320,000‌

Zardoya

Otis

SA

.......................................

2,495,700‌

14,358,729‌

Metals

and

Mining

 —

1.2%

85,000‌

Ampco-Pittsburgh

Corp.†

.........................

536,350‌

3,760‌

Endeavour

Mining

plc

...............................

93,267‌

33,000‌

Freeport-McMoRan

Inc.

............................

1,641,420‌

4,257‌

Kinross

Gold

Corp.

...................................

24,994‌

19,000‌

Newmont

Corp.

........................................

1,509,550‌

83,500‌

Pan

American

Silver

Corp.

........................

2,279,550‌

50,000‌

Sierra

Metals

Inc.

.....................................

59,000‌

1,500‌

Turquoise

Hill

Resources

Ltd.†

.................

45,043‌

10,000‌

Vulcan

Materials

Co.

.................................

1,837,000‌

8,026,174‌

Paper

and

Forest

Products

 —

0.0%

3,100‌

Keweenaw

Land

Association

Ltd.

..............

66,185‌

2,000‌

Neenah

Inc.

..............................................

79,320‌

145,505‌

Publishing

 —

0.2%

50,000‌

Houghton

Mifflin

Harcourt

Co.†

................

1,050,500‌

1,500‌

Lee

Enterprises

Inc.†

................................

40,380‌

26,000‌

The

E.W.

Scripps

Co.,

Cl. A†

.....................

540,540‌

1,631,420‌

3

The

Gabelli

ABC

Fund

Schedule

of

Investments

(Continued)

—

March

31,

2022

(Unaudited)

Shares

Market

Value

COMMON

STOCKS

(Continued)

Real

Estate

 —

0.1%

500‌

American

Tower

Corp.,

REIT

.....................

$

125,610‌

10,000‌

Bluerock

Residential

Growth

REIT

Inc.

......

265,700‌

5,000‌

Corem

Property

Group

AB,

Cl. B

...............

13,029‌

10,000‌

Hibernia

REIT

plc

.....................................

17,877‌

1,000‌

S

IMMO

AG

..............................................

24,503‌

446,719‌

Retail

 —

0.3%

7,500‌

Marshall

Motor

Holdings

plc

.....................

39,015‌

188,000‌

Sportsman's

Warehouse

Holdings

Inc.†

....

2,009,720‌

101,770‌

The

Bon-Ton

Stores

Inc.†

.........................

560‌

2,049,295‌

Semiconductors

 —

0.8%

30,000‌

AIXTRON

SE

............................................

663,584‌

18,000‌

CMC

Materials

Inc.

...................................

3,337,200‌

11,500‌

Siltronic

AG

..............................................

1,186,442‌

5,187,226‌

Specialty

Chemicals

 —

1.2%

25,000‌

Atotech

Ltd.†

...........................................

548,750‌

300,000‌

Ferro

Corp.†

.............................................

6,522,000‌

18,000‌

GCP

Applied

Technologies

Inc.†

................

565,560‌

1,800‌

Linde

plc

..................................................

574,974‌

18,000‌

SGL

Carbon

SE†

.......................................

112,904‌

400‌

Tronox

Holdings

plc,

Cl. A

.........................

7,916‌

8,332,104‌

Telecommunications

 —

1.3%

120,000‌

Koninklijke

KPN

NV

..................................

417,233‌

2,081‌

Liberty

Latin

America

Ltd.,

Cl. C†

..............

19,957‌

105,000‌

Lumen

Technologies

Inc.

..........................

1,183,350‌

74,000‌

Orange

Belgium

SA

..................................

1,571,760‌

61,000‌

Parrot

SA†

...............................................

270,600‌

100,000‌

Pharol

SGPS

SA†

.....................................

8,817‌

100,000‌

Telenet

Group

Holding

NV

.........................

3,232,462‌

105,000‌

Vonage

Holdings

Corp.†

...........................

2,130,450‌

8,834,629‌

Transportation

 —

0.4%

12,700‌

DSV

A/S

...................................................

2,456,292‌

Wireless

Communications

 —

0.2%

30,000‌

Millicom

International

Cellular

SA,

SDR†

...

762,571‌

10,000‌

United

States

Cellular

Corp.†

....................

302,300‌

1,064,871‌

Wireless

Telecommunications

Services

 —

0.0%

400,000‌

NII

Holdings

Inc.,

Escrow†

.......................

120,000‌

TOTAL

COMMON

STOCKS

..................

268,107,853‌

Shares

Market

Value

CLOSED-END

FUNDS

 —

0.2%

235,000‌

Altaba

Inc.,

Escrow†

.................................

$

1,368,875‌

RIGHTS

 —

0.3%

Computer

Software

and

Services

 —

0.0%

1,000‌

Flexion

Therapeutics

Inc.,

CVR†

................

650‌

Entertainment

 —

0.0%

201,000‌

Media

General

Inc.,

CVR†(a)

.....................

0‌

Health

Care

 —

0.0%

39,000‌

Achillion

Pharmaceuticals

Inc.,

CVR†

........

19,500‌

65,000‌

Adamas

Pharmaceuticals

Inc.,

CVR†

.........

3,250‌

65,000‌

Adamas

Pharmaceuticals

Inc.,

CVR†

.........

3,250‌

187,969‌

Ambit

Biosciences

Corp.,

CVR†(a)

............

317,668‌

100,000‌

Dova

Pharmaceuticals

Inc.,

CVR†

.............

12,500‌

640,000‌

Innocoll,

CVR†(a)

.....................................

1‌

150,000‌

Ipsen

SA/Clementia,

CVR†(a)

....................

0‌

95,400‌

Ocera

Therapeutics,

CVR†(a)

....................

16,218‌

11,000‌

Prevail

Therapeutics

Inc.,

CVR†

................

5,500‌

825,000‌

Teva

Pharmaceutical

Industries

Ltd.,

CCCP,

expire

02/20/23†(a)

..............................

0‌

12,000‌

Tobira

Therapeutics

Inc.,

CVR†(a)

.............

0‌

1,500‌

Zogenix

Inc.,

CVR†

...................................

1,125‌

379,012‌

Metals

and

Mining

 —

0.3%

10,000‌

Kinross

Gold

Corp.,

CVR†

.........................

0‌

2,200,000‌

Pan

American

Silver

Corp.,

CVR†

..............

1,848,000‌

1,848,000‌

TOTAL

RIGHTS

...............................

2,227,662‌

WARRANTS

 —

0.0%

Diversified

Industrial

 —

0.0%

102,000‌

Ampco-Pittsburgh

Corp.,

expire

08/01/25†

83,140‌

Principal

Amount

U.S.

GOVERNMENT

OBLIGATIONS

 —

59.8%

$

404,910,000‌

U.S.

Treasury

Bills,

0.060%

to

1.056%††,

04/07/22

to

09/29/22(b)

........................

404,582,746‌

TOTAL

INVESTMENTS

BEFORE

SECURITIES

SOLD

SHORT

—

100.0%

(Cost

$638,486,460)

.............................

$

676,370,276‌

4

The

Gabelli

ABC

Fund

Schedule

of

Investments

(Continued)

—

March

31,

2022

(Unaudited)

Shares

Market

Value

SECURITIES

SOLD

SHORT

—

(8.8)%

Building

and

Construction

—

(8.7)%

723,000‌

Lennar

Corp.,

Cl. A

.........................

$

58,685,910‌

Financial

Services

—

(0.1)%

15,000‌

Webster

Financial

Corp.

....................

841,800‌

TOTAL

SECURITIES

SOLD

SHORT

(Proceeds

received

$40,848,192)(c)

....

$

59,527,710‌

(a)

Security

is

valued

using

significant

unobservable

inputs

and

is

classified

as

Level

3

in

the

fair

value

hierarchy.

(b)

At

March

31,

2022,

$95,000,000

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,

2022,

these

proceeds

are

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,

2022,

forward

foreign

exchange

contracts

outstanding

were

as

follows:

Currency

Purchased

Currency

Sold

Counterparty

Settlement

Date

Unrealized

Appreciation/

(Depreciation)

USD

23,183,328

EUR

21,000,000

State

Street

Bank

and

Trust

Co.

04/29/22

$

(67,775‌)

USD

4,606,553

GBP

3,500,000

State

Street

Bank

and

Trust

Co.

04/29/22

9,627‌

USD

791,413

CAD

1,000,000

State

Street

Bank

and

Trust

Co.

04/29/22

(8,373‌)

GBP

500,000

USD

656,803

State

Street

Bank

and

Trust

Co.

04/29/22

(99‌)

TOTAL

FORWARD

FOREIGN

EXCHANGE

CONTRACTS

$

(66,620‌)