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

1

The

Gabelli

ABC

Fund

Schedule

of

Investments

—

September

30,

2022

(Unaudited)

Shares

Market

Value

COMMON

STOCKS

 —

40.0%

Aerospace

and

Defense

 —

1.5%

225,000‌

Aerojet

Rocketdyne

Holdings

Inc.†

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

$

8,997,750‌

1,800‌

Hexcel

Corp.

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

93,096‌

9,090,846‌

Automotive

 —

0.0%

55,000‌

Iveco

Group

NV†

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

262,506‌

Automotive:

Parts

and

Accessories

 —

0.1%

17,000‌

Tenneco

Inc.,

Cl. A†

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

295,630‌

Broadcasting

 —

1.0%

9,000‌

Cogeco

Inc.

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

358,997‌

118,000‌

Sinclair

Broadcast

Group

Inc.,

Cl. A

...........

2,134,620‌

155,000‌

TEGNA

Inc.

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

3,205,400‌

5,699,017‌

Building

and

Construction

 —

9.3%

13,000‌

Hill

International

Inc.†

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

43,160‌

6,000‌

Johnson

Controls

International

plc

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

295,320‌

925,500‌

Lennar

Corp.,

Cl. B

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

55,076,505‌

55,414,985‌

Business

Services

 —

0.6%

12,500‌

Biffa

plc

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

57,503‌

76,000‌

Dawson

Geophysical

Co.†

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

127,680‌

28,000‌

Euromoney

Institutional

Investor

plc

.........

450,818‌

6,000‌

Evo

Payments

Inc.,

Cl. A†

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

199,800‌

100,000‌

Nielsen

Holdings

plc

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

2,772,000‌

180,000‌

Steel

Connect

Inc.†

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

246,600‌

3,854,401‌

Cable

and

Satellite

 —

0.3%

1,000‌

Charter

Communications

Inc.,

Cl. A†

.........

303,350‌

70,000‌

Liberty

Global

plc,

Cl. A†

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

1,091,300‌

19,000‌

Liberty

Global

plc,

Cl. C†

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

313,500‌

20,000‌

Liberty

Latin

America

Ltd.,

Cl. A†

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

123,800‌

10,000‌

Shaw

Communications

Inc.,

Cl. B

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

243,168‌

2,075,118‌

Communications

 —

0.0%

11,000‌

Millicom

International

Cellular

SA†

...........

125,510‌

Computer

Software

and

Services

 —

1.7%

4,200‌

Aspen

Technology

Inc.†

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

1,000,440‌

20,000‌

Avalara

Inc.†

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

1,836,000‌

33,000‌

Black

Knight

Inc.†

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

2,136,090‌

7,000‌

BTRS

Holdings

Inc.†

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

64,820‌

12,000‌

Citrix

Systems

Inc.

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

1,248,000‌

600‌

Computer

Services

Inc.

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

33,450‌

3,000‌

Convey

Health

Solutions

Holdings

Inc.†

....

31,530‌

14,000‌

Dell

Technologies

Inc.,

Cl. C

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

478,380‌

25,700‌

Digi

International

Inc.†

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

888,449‌

4,000‌

EMIS

Group

plc

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

84,411‌

6,700‌

Fiserv

Inc.†

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

626,919‌

4,590‌

NortonLifeLock

Inc.

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

92,442‌

Shares

Market

Value

20,000‌

Ping

Identity

Holding

Corp.†

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

$

561,400‌

6,000‌

Playtech

plc†

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

29,584‌

5,000‌

Rocket

Internet

SE

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

116,136‌

2,000‌

Rockwell

Automation

Inc.

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

430,220‌

4,000‌

SLM

Solutions

Group

AG†

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

76,993‌

300‌

Twitter

Inc.†

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

13,152‌

2,400‌

VMware

Inc.,

Cl. A

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

255,504‌

10,003,920‌

Consumer

Products

 —

2.2%

15,000‌

Bang

&

Olufsen

A/S†

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

18,022‌

24,000‌

Energizer

Holdings

Inc.

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

603,360‌

19,500‌

Hunter

Douglas

NV†

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

3,340,598‌

20,400‌

iRobot

Corp.†

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

1,149,132‌

800,000‌

Swedish

Match

AB

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

7,929,607‌

13,040,719‌

Diversified

Industrial

 —

0.4%

40,000‌

Myers

Industries

Inc.

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

658,800‌

35,000‌

Steel

Partners

Holdings

LP†

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

1,452,500‌

14,007‌

Valmet

Oyj

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

285,945‌

25,500‌

Wartsila

OYJ

Abp

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

164,493‌

2,561,738‌

Electronics

 —

2.5%

1,400‌

Coherent

Corp.†

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

48,790‌

45,000‌

CyberOptics

Corp.†

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

2,420,100‌

1,200‌

MKS

Instruments

Inc.

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

99,168‌

51,500‌

Rogers

Corp.†

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

12,456,820‌

12,400‌

Yamada

Holdings

Co.

Ltd.

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

40,782‌

15,065,660‌

Energy

and

Utilities

 —

3.7%

52,000‌

Alerion

Cleanpower

SpA

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

1,684,314‌

16,666‌

Alvopetro

Energy

Ltd.

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

84,455‌

12,500‌

APA

Corp.

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

427,375‌

1,000‌

Brigham

Minerals

Inc.,

Cl. A

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

24,670‌

1,450,000‌

ContourGlobal

plc

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

4,079,874‌

300‌

DCP

Midstream

LP

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

11,271‌

20,000‌

Endesa

SA

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

302,247‌

46,982‌

Energy

Transfer

LP

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

518,211‌

520‌

Equitrans

Midstream

Corp.

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

3,890‌

200,000‌

Gulf

Coast

Ultra

Deep

Royalty

Trust

...........

9,400‌

29,000‌

National

Fuel

Gas

Co.

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

1,784,950‌

203,000‌

PNM

Resources

Inc.

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

9,283,190‌

30,000‌

Primo

Water

Corp.

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

376,500‌

74,000‌

Severn

Trent

plc

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

1,945,812‌

40,000‌

Shell

Midstream

Partners

LP

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

632,400‌

10,000‌

South

Jersey

Industries

Inc.

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

334,200‌

300‌

Southwest

Gas

Holdings

Inc.

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

20,925‌

23,000‌

UGI

Corp.

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

743,590‌

22,267,274‌

Entertainment

 —

0.8%

2,500‌

Activision

Blizzard

Inc.

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

185,850‌

2

The

Gabelli

ABC

Fund

Schedule

of

Investments

(Continued)

—

September

30,

2022

(Unaudited)

Shares

Market

Value

COMMON

STOCKS

(Continued)

Entertainment

(Continued)

94,000‌

Fox

Corp.,

Cl. B

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

$

2,679,000‌

38,000‌

Liberty

Media

Corp.-

Liberty

Braves,

Cl. A†

1,069,700‌

4,740‌

Madison

Square

Garden

Entertainment

Corp.†

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

208,987‌

5,000‌

Madison

Square

Garden

Sports

Corp.†

.....

683,300‌

4,826,837‌

Equipment

and

Supplies

 —

0.1%

33,600‌

The

L.S.

Starrett

Co.,

Cl. A†

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

296,688‌

Financial

Services

 —

4.0%

34,000‌

Aareal

Bank

AG†

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

1,072,959‌

7,000‌

Alimco

Financial

Corp.†

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

49,000‌

11,100‌

Alleghany

Corp.†

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

9,317,007‌

39,500‌

AllianceBernstein

Holding

LP

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

1,384,870‌

3,000‌

Brookfield

Asset

Management

Inc.,

Cl. A

...

122,670‌

2,119‌

CNFinance

Holdings

Ltd.,

ADR†

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

5,340‌

12,000‌

Cowen

Inc.,

Cl. A

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

463,680‌

23,000‌

Equitable

Holdings

Inc.

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

606,050‌

12,000‌

Fanhua

Inc.,

ADR

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

61,800‌

32,000‌

First

Horizon

Corp.

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

732,800‌

1,000‌

Horizon

Bancorp

Inc.

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

17,960‌

10,000‌

Intertrust

NV†

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

191,502‌

53,000‌

KKR

&

Co.

Inc.

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

2,279,000‌

800‌

Mastercard

Inc.,

Cl. A

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

227,472‌

76,000‌

MoneyGram

International

Inc.†

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

790,400‌

55,000‌

Pzena

Investment

Management

Inc.,

Cl. A

.

521,400‌

6,000‌

Randolph

Bancorp

Inc.

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

161,760‌

7,920‌

SouthState

Corp.

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

626,630‌

800‌

Topdanmark

AS

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

37,477‌

16,000‌

Valley

National

Bancorp

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

172,800‌

111,932‌

Webster

Financial

Corp.

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

5,059,326‌

30,000‌

Wright

Investors'

Service

Holdings

Inc.†

...

4,800‌

23,906,703‌

Food

and

Beverage

 —

0.6%

2,000‌

Pernod

Ricard

SA

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

370,165‌

18,500‌

Remy

Cointreau

SA

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

3,098,575‌

3,468,740‌

Health

Care

 —

6.8%

87,000‌

1Life

Healthcare

Inc.†

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

1,492,050‌

37,500‌

Aerie

Pharmaceuticals

Inc.†

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

567,375‌

9,000‌

AstraZeneca

plc,

ADR

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

493,560‌

34,000‌

Biohaven

Pharmaceutical

Holding

Co.

Ltd.†

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

5,139,780‌

400‌

Bio-Rad

Laboratories

Inc.,

Cl. A†

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

166,856‌

8,400‌

Bioventus

Inc.,

Cl. A†

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

58,800‌

3,500‌

Bridgebio

Pharma

Inc.†

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

34,790‌

24,000‌

Change

Healthcare

Inc.†

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

659,760‌

69,000‌

ChemoCentryx

Inc.†

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

3,564,540‌

15,000‌

Clovis

Oncology

Inc.†

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

17,850‌

Shares

Market

Value

170,000‌

Covetrus

Inc.†

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

$

3,549,600‌

5,000‌

Forma

Therapeutics

Holdings

Inc.†

...........

99,750‌

2,000‌

F-star

Therapeutics

Inc.†

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

10,240‌

62,438‌

Global

Blood

Therapeutics

Inc.†

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

4,252,028‌

194,000‌

Hanger

Inc.†

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

3,631,680‌

500‌

ICU

Medical

Inc.†

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

75,300‌

182,000‌

Idorsia

Ltd.†

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

2,372,069‌

300‌

Illumina

Inc.†

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

57,237‌

200‌

LHC

Group

Inc.†

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

32,732‌

42,700‌

McKesson

Europe

AG

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

841,147‌

2,000‌

Meridian

Bioscience

Inc.†

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

63,060‌

433,000‌

Myrexis

Inc.†

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

8,660‌

75,000‌

Perrigo

Co.

plc

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

2,674,500‌

12,000‌

QIAGEN

NV†

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

495,360‌

1,027‌

QuidelOrtho

Corp.†

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

73,410‌

15,000‌

Signify

Health

Inc.,

Cl. A†

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

437,250‌

10,000‌

TherapeuticsMD

Inc.†

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

66,400‌

205,000‌

Viatris

Inc.

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

1,746,600‌

107,000‌

Zendesk

Inc.†

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

8,142,700‌

40,825,084‌

Hotels

and

Gaming

 —

0.0%

14,000‌

Entain

plc

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

169,760‌

Machinery

 —

0.8%

22,000‌

Astec

Industries

Inc.

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

686,180‌

25,000‌

CFT

SpA†(a)

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

112,706‌

50,000‌

CIRCOR

International

Inc.†

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

824,500‌

260,000‌

CNH

Industrial

NV

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

2,904,200‌

4,527,586‌

Metals

and

Mining

 —

0.9%

85,000‌

Ampco-Pittsburgh

Corp.†

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

312,800‌

3,000‌

Endeavour

Mining

plc

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

55,337‌

37,000‌

Freeport-McMoRan

Inc.

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

1,011,210‌

4,257‌

Kinross

Gold

Corp.

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

16,025‌

19,000‌

Newmont

Corp.

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

798,570‌

83,500‌

Pan

American

Silver

Corp.

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

1,325,980‌

50,000‌

Sierra

Metals

Inc.

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

24,728‌

15,000‌

Turquoise

Hill

Resources

Ltd.†

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

444,131‌

10,000‌

Vulcan

Materials

Co.

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

1,577,100‌

5,565,881‌

Paper

and

Forest

Products

 —

0.3%

3,100‌

Keweenaw

Land

Association

Ltd.

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

54,715‌

75,000‌

Resolute

Forest

Products

Inc.†

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

1,500,000‌

1,554,715‌

Publishing

 —

0.1%

12,000‌

Lee

Enterprises

Inc.†

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

211,200‌

26,000‌

The

E.W.

Scripps

Co.,

Cl. A†

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

293,020‌

504,220‌

Real

Estate

 —

0.2%

500‌

American

Tower

Corp.,

REIT

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

107,350‌

3

The

Gabelli

ABC

Fund

Schedule

of

Investments

(Continued)

—

September

30,

2022

(Unaudited)

Shares

Market

Value

COMMON

STOCKS

(Continued)

Real

Estate

(Continued)

10,000‌

Bluerock

Residential

Growth

REIT

Inc.

......

$

267,500‌

5,000‌

Corem

Property

Group

AB,

Cl. B

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

3,776‌

3,000‌

Healthcare

Realty

Trust

Inc.,

REIT

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

62,550‌

15,000‌

STORE

Capital

Corp.,

REIT

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

469,950‌

911,126‌

Retail

 —

0.6%

5,000‌

Recipe

Unlimited

Corp.†

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

74,637‌

185,000‌

Sportsman's

Warehouse

Holdings

Inc.†

....

1,535,500‌

300‌

Ted

Baker

plc†

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

368‌

101,770‌

The

Bon-Ton

Stores

Inc.†

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

560‌

442,715‌

The

Fresh

Market

Inc.†

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

0‌

500‌

Tod's

SpA†

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

20,571‌

6,400‌

Valora

Holding

AG†

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

1,735,076‌

3,366,712‌

Semiconductors

 —

0.1%

5,000‌

AIXTRON

SE

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

122,163‌

3,500‌

Entegris

Inc.

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

290,570‌

7,900‌

Siltronic

AG

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

450,995‌

863,728‌

Specialty

Chemicals

 —

0.2%

1,500‌

Linde

plc

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

404,385‌

20,000‌

Mativ

Holdings

Inc.

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

441,600‌

18,000‌

SGL

Carbon

SE†

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

105,845‌

400‌

Tronox

Holdings

plc

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

4,900‌

956,730‌

Telecommunications

 —

0.7%

120,000‌

Koninklijke

KPN

NV

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

326,004‌

2,081‌

Liberty

Latin

America

Ltd.,

Cl. C†

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

12,798‌

94,000‌

Lumen

Technologies

Inc.

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

684,320‌

82,000‌

Orange

Belgium

SA†

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

1,446,554‌

61,000‌

Parrot

SA†

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

233,752‌

100,000‌

Pharol

SGPS

SA†

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

6,184‌

2,500‌

Switch

Inc.,

Cl. A

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

84,225‌

108,000‌

Telenet

Group

Holding

NV

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

1,493,478‌

4,287,315‌

Transportation

 —

0.4%

7,000‌

Atlantia

SpA

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

155,113‌

6,000‌

Atlas

Air

Worldwide

Holdings

Inc.†

...........

573,420‌

16,000‌

Atlas

Corp.

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

222,400‌

12,700‌

DSV

A/S

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

1,499,927‌

2,450,860‌

Wireless

Communications

 —

0.1%

44,000‌

Millicom

International

Cellular

SA,

SDR†

...

508,486‌

10,000‌

United

States

Cellular

Corp.†

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

260,300‌

768,786‌

Shares

Market

Value

Wireless

Telecommunications

Services

 —

0.0%

400,000‌

NII

Holdings

Inc.,

Escrow†

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

$

140,000‌

TOTAL

COMMON

STOCKS

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

239,148,795‌

CLOSED-END

FUNDS

 —

0.1%

235,000‌

Altaba

Inc.,

Escrow†

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

893,000‌

RIGHTS

 —

0.3%

Computer

Software

and

Services

 —

0.0%

1,000‌

Flexion

Therapeutics

Inc.,

CVR†

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

650‌

Health

Care

 —

0.1%

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)

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

317,667‌

100,000‌

Dova

Pharmaceuticals

Inc.,

CVR†

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

12,500‌

28,000‌

Epizyme

Inc.,

CVR†

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

560‌

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

2,000‌

Radius

Health

Inc.,

CVR†

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

160‌

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

379,731‌

Metals

and

Mining

 —

0.2%

10,000‌

Kinross

Gold

Corp.,

CVR†

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

0‌

2,200,000‌

Pan

American

Silver

Corp.,

CVR†

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

1,267,200‌

1,267,200‌

TOTAL

RIGHTS

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

1,647,581‌

WARRANTS

 —

0.0%

Diversified

Industrial

 —

0.0%

102,000‌

Ampco-Pittsburgh

Corp.,

expire

08/01/25†

27,520‌

Principal

Amount

U.S.

GOVERNMENT

OBLIGATIONS

 —

59.6%

$

357,596,000‌

U.S.

Treasury

Bills,

1.380%

to

3.297%††,

10/06/22

to

01/19/23(b)

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

356,220,746‌

TOTAL

INVESTMENTS

BEFORE

SECURITIES

SOLD

SHORT

—

100.0%

(Cost

$582,669,309)

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

$

597,937,642‌

4

The

Gabelli

ABC

Fund

Schedule

of

Investments

(Continued)

—

September

30,

2022

(Unaudited)

Shares

Market

Value

SECURITIES

SOLD

SHORT

—

(9.0)%

Building

and

Construction

—

(9.0)%

723,500‌

Lennar

Corp.,

Cl. A

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

$

53,936,925‌

Energy

and

Utilities

—

(0.0)%

1,000‌

Sitio

Royalties

Corp.

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

22,110‌

TOTAL

SECURITIES

SOLD

SHORT

(Proceeds

received

$40,263,094)(c)

....

$

53,959,035‌

(a)

Security

is

valued

using

significant

unobservable

inputs

and

is

classified

as

Level

3

in

the

fair

value

hierarchy.

(b)

At

September

30,

2022,

$88,500,000

of

the

principal

amount

was

reserved

and/or

pledged

with

the

custodian

for

securities

sold

short

and

forward

foreign

exchange

contracts.

(c)

At

September

30,

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

September

30,

2022,

forward

foreign

exchange

contracts

outstanding

were

as

follows:

Currency

Purchased

Currency

Sold

Counterparty

Settlement

Date

Unrealized

Depreciation

USD

7,504,890

SEK

84,800,000

State

Street

Bank

and

Trust

Co.

10/28/22

$

(145,804‌)

USD

15,925,454

EUR

16,500,000

State

Street

Bank

and

Trust

Co.

10/28/22

(276,528‌)

USD

2,903,280

GBP

2,700,000

State

Street

Bank

and

Trust

Co.

10/28/22

(113,234‌)

TOTAL

FORWARD

FOREIGN

EXCHANGE

CONTRACTS

$

(535,566‌)