Gabelli Investor Funds NPORT-P The Gabelli ABC Fund (Mar 2023 report)

1

The

Gabelli

ABC

Fund

Schedule

of

Investments

—

March

31,

2023

(Unaudited)

Shares

Market

Value

COMMON

STOCKS

 —

44.1%

Aerospace

and

Defense

 —

2.7%

254,000‌

Aerojet

Rocketdyne

Holdings

Inc.†

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

$

14,267,180‌

1,500‌

Hexcel

Corp.

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

102,375‌

14,369,555‌

Automotive

 —

0.1%

35,000‌

Iveco

Group

NV†

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

331,179‌

Automotive:

Parts

and

Accessories

 —

0.0%

5,000‌

Uni-Select

Inc.†

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

172,401‌

Broadcasting

 —

1.0%

9,000‌

Cogeco

Inc.

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

405,083‌

125,000‌

Sinclair

Broadcast

Group

Inc.,

Cl. A

...........

2,145,000‌

160,000‌

TEGNA

Inc.

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

2,705,600‌

5,255,683‌

Building

and

Construction

 —

15.7%

12,000‌

Atlas

Technical

Consultants

Inc.†

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

146,280‌

5,500‌

Johnson

Controls

International

plc

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

331,210‌

922,000‌

Lennar

Corp.,

Cl. B

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

82,343,820‌

82,821,310‌

Business

Services

 —

0.5%

79,200‌

Dawson

Geophysical

Co.†

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

138,600‌

32,000‌

Ritchie

Bros

Auctioneers

Inc.

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

1,801,280‌

340,050‌

Steel

Connect

Inc.†

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

387,657‌

5,000‌

US

Xpress

Enterprises

Inc.,

Cl. A†

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

29,700‌

2,357,237‌

Cable

and

Satellite

 —

0.5%

1,000‌

Charter

Communications

Inc.,

Cl. A†

.........

357,610‌

80,000‌

Liberty

Global

plc,

Cl. A†

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

1,560,000‌

18,000‌

Liberty

Global

plc,

Cl. C†

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

366,840‌

35,000‌

Liberty

Latin

America

Ltd.,

Cl. A†

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

290,850‌

10,000‌

Shaw

Communications

Inc.,

Cl. B

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

299,223‌

2,874,523‌

Computer

Software

and

Services

 —

1.3%

33,500‌

Black

Knight

Inc.†

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

1,928,260‌

15,000‌

Cvent

Holding

Corp.†

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

125,400‌

15,000‌

Dell

Technologies

Inc.,

Cl. C

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

603,150‌

19,500‌

Digi

International

Inc.†

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

656,760‌

4,000‌

EMIS

Group

plc

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

74,016‌

3,800‌

Fiserv

Inc.†

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

429,514‌

20,000‌

ForgeRock

Inc.,

Cl. A†

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

412,000‌

13,500‌

Gen

Digital

Inc.

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

231,660‌

300‌

GK

Software

SE†

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

61,882‌

1,000‌

Magnet

Forensics

Inc.†

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

32,697‌

20,000‌

Momentive

Global

Inc.†

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

186,400‌

6,000‌

Playtech

plc†

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

39,006‌

25,000‌

Qualtrics

International

Inc.,

Cl. A†

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

445,750‌

5,000‌

Rocket

Internet

SE

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

117,126‌

2,000‌

Rockwell

Automation

Inc.

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

586,900‌

600‌

Stratasys

Ltd.†

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

9,918‌

Shares

Market

Value

40,000‌

Sumo

Logic

Inc.†

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

$

479,200‌

2,700‌

VMware

Inc.,

Cl. A†

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

337,095‌

6,756,734‌

Consumer

Products

 —

0.3%

15,000‌

Bang

&

Olufsen

A/S†

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

21,225‌

24,200‌

Energizer

Holdings

Inc.

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

839,740‌

21,000‌

iRobot

Corp.†

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

916,440‌

1,777,405‌

Diversified

Industrial

 —

1.4%

83,000‌

Maxar

Technologies

Inc.

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

4,237,980‌

40,100‌

Myers

Industries

Inc.

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

859,343‌

35,000‌

Steel

Partners

Holdings

LP†

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

1,536,132‌

13,500‌

Valmet

Oyj

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

436,880‌

30,000‌

Velan

Inc.

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

283,241‌

26,500‌

Wartsila

OYJ

Abp

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

249,687‌

7,603,263‌

Electronics

 —

1.5%

2,000‌

Coherent

Corp.†

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

76,160‌

1,200‌

MKS

Instruments

Inc.

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

106,344‌

47,500‌

Rogers

Corp.†

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

7,762,925‌

12,400‌

Yamada

Holdings

Co.

Ltd.†

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

42,586‌

7,988,015‌

Energy

and

Utilities

 —

3.8%

51,000‌

Alerion

Cleanpower

SpA

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

1,634,396‌

16,666‌

Alvopetro

Energy

Ltd.

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

88,787‌

13,000‌

APA

Corp.

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

468,780‌

44,600‌

DCP

Midstream

LP

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

1,860,712‌

20,000‌

Endesa

SA

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

433,800‌

46,982‌

Energy

Transfer

LP

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

585,865‌

520‌

Equitrans

Midstream

Corp.

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

3,006‌

6,000‌

Evoqua

Water

Technologies

Corp.†

...........

298,320‌

200,000‌

Gulf

Coast

Ultra

Deep

Royalty

Trust

...........

4,755‌

30,000‌

National

Fuel

Gas

Co.

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

1,732,200‌

169,000‌

PNM

Resources

Inc.

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

8,226,920‌

30,000‌

Primo

Water

Corp.

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

460,500‌

71,000‌

Severn

Trent

plc

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

2,521,589‌

10,000‌

Southwest

Gas

Holdings

Inc.

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

624,500‌

24,000‌

UGI

Corp.

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

834,240‌

19,778,370‌

Entertainment

 —

1.1%

2,400‌

Activision

Blizzard

Inc.

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

205,416‌

96,000‌

Fox

Corp.,

Cl. B

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

3,005,760‌

42,000‌

Liberty

Media

Corp.-

Liberty

Braves,

Cl. A†

1,452,360‌

5,000‌

Madison

Square

Garden

Sports

Corp.

.......

974,250‌

15,000‌

Rovio

Entertainment

Oyj

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

126,968‌

5,764,754‌

Equipment

and

Supplies

 —

0.1%

33,600‌

The

L.S.

Starrett

Co.,

Cl. A†

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

376,992‌

2

The

Gabelli

ABC

Fund

Schedule

of

Investments

(Continued)

—

March

31,

2023

(Unaudited)

Shares

Market

Value

COMMON

STOCKS

(Continued)

Financial

Services

 —

2.5%

34,000‌

Aareal

Bank

AG†

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

$

1,113,565‌

7,000‌

Alimco

Financial

Corp.†(a)

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

42,000‌

39,500‌

AllianceBernstein

Holding

LP

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

1,444,120‌

5,000‌

Argo

Group

International

Holdings

Ltd.

.....

146,450‌

1,250‌

Bluerock

Homes

Trust

Inc.†

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

24,775‌

1,000‌

Brookfield

Asset

Management

Ltd.,

Cl. A

...

32,720‌

5,000‌

Brookfield

Corp.

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

162,950‌

2,119‌

CNFinance

Holdings

Ltd.,

ADR†

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

5,234‌

23,000‌

Equitable

Holdings

Inc.

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

583,970‌

12,000‌

Fanhua

Inc.,

ADR

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

104,160‌

33,500‌

First

Horizon

Corp.

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

595,630‌

4,000‌

Focus

Financial

Partners

Inc.,

Cl. A†

.........

207,480‌

1,000‌

Horizon

Bancorp

Inc.

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

11,060‌

53,000‌

KKR

&

Co.

Inc.

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

2,783,560‌

3,000‌

Malvern

Bancorp

Inc.†

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

45,585‌

800‌

Mastercard

Inc.,

Cl. A

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

290,728‌

7,920‌

SouthState

Corp.

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

564,379‌

2,000‌

The

Community

Financial

Corp.

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

66,260‌

800‌

Topdanmark

AS

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

42,717‌

140,000‌

Trean

Insurance

Group

Inc.†

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

856,800‌

16,000‌

Valley

National

Bancorp

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

147,840‌

105,000‌

Webster

Financial

Corp.

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

4,139,100‌

13,411,083‌

Food

and

Beverage

 —

0.9%

15,000‌

Chr.

Hansen

Holding

A/S

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

1,137,662‌

2,000‌

Pernod

Ricard

SA

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

452,670‌

18,300‌

Remy

Cointreau

SA

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

3,334,187‌

4,924,519‌

Health

Care

 —

5.2%

10,000‌

Amryt

Pharma

plc,

ADR†

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

145,800‌

50,500‌

Apollo

Endosurgery

Inc.†

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

500,960‌

5,000‌

AstraZeneca

plc,

ADR

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

347,050‌

17,000‌

Biohaven

Ltd.†

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

232,220‌

400‌

Bio-Rad

Laboratories

Inc.,

Cl. A†

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

191,608‌

8,000‌

Bioventus

Inc.,

Cl. A†

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

8,560‌

202,000‌

Cardiovascular

Systems

Inc.†

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

4,011,720‌

14,700‌

Horizon

Therapeutics

plc†

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

1,604,358‌

500‌

ICU

Medical

Inc.†

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

82,480‌

182,000‌

Idorsia

Ltd.†

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

1,993,158‌

300‌

Illumina

Inc.†

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

69,765‌

47,000‌

McKesson

Europe

AG

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

1,236,059‌

433,000‌

Myrexis

Inc.†

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

693‌

280,700‌

Oak

Street

Health

Inc.†

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

10,857,476‌

92,000‌

Perrigo

Co.

plc

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

3,300,040‌

8,000‌

Provention

Bio

Inc.†

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

192,800‌

12,000‌

QIAGEN

NV†

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

551,160‌

1,027‌

QuidelOrtho

Corp.†

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

91,495‌

1,300‌

Seagen

Inc.†

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

263,211‌

10,000‌

TherapeuticsMD

Inc.†

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

37,500‌

Shares

Market

Value

190,000‌

Viatris

Inc.

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

$

1,827,800‌

27,545,913‌

Hotels

and

Gaming

 —

0.1%

20,000‌

Entain

plc

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

310,004‌

Machinery

 —

1.2%

21,000‌

Astec

Industries

Inc.

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

866,250‌

25,000‌

CFT

SpA†(a)

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

124,718‌

50,000‌

CIRCOR

International

Inc.†

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

1,556,000‌

256,000‌

CNH

Industrial

NV

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

3,909,120‌

6,456,088‌

Metals

and

Mining

 —

1.2%

200,000‌

Ampco-Pittsburgh

Corp.†

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

490,000‌

3,000‌

Endeavour

Mining

plc

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

72,297‌

36,500‌

Freeport-McMoRan

Inc.

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

1,493,215‌

4,257‌

Kinross

Gold

Corp.

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

20,033‌

19,000‌

Newmont

Corp.

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

931,380‌

83,000‌

Pan

American

Silver

Corp.

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

1,510,600‌

50,000‌

Sierra

Metals

Inc.†

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

14,700‌

10,000‌

Vulcan

Materials

Co.

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

1,715,600‌

6,247,825‌

Publishing

 —

0.1%

15,000‌

Lee

Enterprises

Inc.†

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

186,750‌

26,000‌

The

E.W.

Scripps

Co.,

Cl. A†

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

244,660‌

431,410‌

Real

Estate

 —

0.5%

500‌

American

Tower

Corp.,

REIT

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

102,170‌

5,000‌

Corem

Property

Group

AB,

Cl. B

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

3,486‌

4,000‌

Healthcare

Realty

Trust

Inc.,

REIT

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

77,320‌

35,000‌

Indus

Realty

Trust

Inc.,

REIT

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

2,320,150‌

2,503,126‌

Retail

 —

0.8%

5,000‌

Albertsons

Companies

Inc.,

Cl. A

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

103,900‌

100‌

Franchise

Group

Inc.

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

2,725‌

2,000‌

Home24

SE†

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

15,964‌

184,000‌

Sportsman's

Warehouse

Holdings

Inc.†

....

1,560,320‌

101,770‌

The

Bon-Ton

Stores

Inc.†

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

10‌

442,715‌

The

Fresh

Market

Inc.†(a)

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

0‌

31,000‌

TravelCenters

of

America

Inc.†

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

2,681,500‌

4,364,419‌

Semiconductors

 —

0.1%

400‌

AIXTRON

SE

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

13,548‌

1,300‌

Entegris

Inc.

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

106,613‌

1,700‌

Siltronic

AG

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

123,893‌

200‌

Tower

Semiconductor

Ltd.†

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

8,494‌

252,548‌

Specialty

Chemicals

 —

0.4%

50,000‌

Diversey

Holdings

Ltd.†

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

404,500‌

1,300‌

Linde

plc

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

462,072‌

28,000‌

Mativ

Holdings

Inc.

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

601,160‌

3

The

Gabelli

ABC

Fund

Schedule

of

Investments

(Continued)

—

March

31,

2023

(Unaudited)

Shares

Market

Value

COMMON

STOCKS

(Continued)

Specialty

Chemicals

(Continued)

18,000‌

SGL

Carbon

SE†

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

$

177,446‌

10,000‌

Univar

Solutions

Inc.†

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

350,300‌

1,995,478‌

Telecommunications

 —

0.8%

280,000‌

HKBN

Ltd.

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

207,238‌

120,000‌

Koninklijke

KPN

NV

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

423,736‌

2,081‌

Liberty

Latin

America

Ltd.,

Cl. C†

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

17,189‌

50,000‌

Lumen

Technologies

Inc.

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

132,500‌

89,000‌

Orange

Belgium

SA†

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

1,472,903‌

61,000‌

Parrot

SA†

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

277,849‌

100,000‌

Pharol

SGPS

SA†

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

5,878‌

66,000‌

Telenet

Group

Holding

NV

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

1,498,822‌

4,036,115‌

Wireless

Communications

 —

0.3%

11,000‌

Millicom

International

Cellular

SA†

...........

208,120‌

36,000‌

Millicom

International

Cellular

SA,

SDR†

...

681,395‌

38,000‌

United

States

Cellular

Corp.†

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

787,740‌

1,677,255‌

Wireless

Telecommunications

Services

 —

0.0%

400,000‌

NII

Holdings

Inc.,

Escrow†

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

140,000‌

TOTAL

COMMON

STOCKS

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

232,523,204‌

CLOSED-END

FUNDS

 —

0.1%

235,000‌

Altaba

Inc.,

Escrow†

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

553,425‌

RIGHTS

 —

0.4%

Computer

Software

and

Services

 —

0.0%

1,000‌

Flexion

Therapeutics

Inc.,

CVR†

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

650‌

Health

Care

 —

0.1%

60,000‌

ABIOMED

Inc.,

CVR†

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

105,000‌

39,000‌

Achillion

Pharmaceuticals

Inc.,

CVR†

........

19,500‌

65,000‌

Adamas

Pharmaceuticals

Inc.,

CVR†

.........

3,250‌

65,000‌

Adamas

Pharmaceuticals

Inc.,

CVR†

.........

3,250‌

50,000‌

Akouos

Inc.,

CVR†

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

37,500‌

187,969‌

Ambit

Biosciences

Corp.,

CVR†(a)

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

317,668‌

4,000‌

CinCor

Pharma

Inc.,

CVR†

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

12,000‌

28,000‌

Epizyme

Inc.,

CVR†

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

560‌

640,000‌

Innocoll,

CVR†(a)

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

1‌

10,000‌

Ipsen,

CVR†(a)

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

22,500‌

150,000‌

Ipsen

SA/Clementia,

CVR†(a)

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

0‌

95,400‌

Ocera

Therapeutics,

CVR†(a)

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

16,218‌

3,000‌

Opiant

Pharmaceuticals

Inc.,

CVR†

...........

1,500‌

257,919‌

Oyster

Point

Pharma

Inc.,

CVR†(a)

...........

2‌

11,000‌

Prevail

Therapeutics

Inc.,

CVR†

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

5,500‌

2,000‌

Radius

Health

Inc.,

CVR†

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

200‌

825,000‌

Teva

Pharmaceutical

Industries

Ltd.,

CCCP,

expire

01/02/24†(a)

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

0‌

Shares

Market

Value

12,000‌

Tobira

Therapeutics

Inc.,

CVR†(a)

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

$

0‌

544,649‌

Metals

and

Mining

 —

0.3%

10,000‌

Kinross

Gold

Corp.,

CVR†(a)

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

0‌

2,200,000‌

Pan

American

Silver

Corp.,

CVR†

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

1,210,000‌

1,210,000‌

Paper

and

Forest

Products

 —

0.0%

75,000‌

Resolute

Forest

Products

Inc.,

CVR†

.........

150,000‌

TOTAL

RIGHTS

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

1,905,299‌

WARRANTS

 —

0.0%

Diversified

Industrial

 —

0.0%

102,000‌

Ampco-Pittsburgh

Corp.,

expire

08/01/25†

56,090‌

Principal

Amount

U.S.

GOVERNMENT

OBLIGATIONS

 —

55.4%

$

294,085,000‌

U.S.

Treasury

Bills,

4.490%

to

5.098%††,

04/20/23

to

09/07/23

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

291,855,852‌

TOTAL

INVESTMENTS

BEFORE

SECURITIES

SOLD

SHORT

—

100.0%

(Cost

$474,132,705)

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

$

526,893,870‌

4

The

Gabelli

ABC

Fund

Schedule

of

Investments

(Continued)

—

March

31,

2023

(Unaudited)

Shares

Market

Value

SECURITIES

SOLD

SHORT

—

(14.2)%

Building

and

Construction

—

(14.1)%

707,000‌

Lennar

Corp.,

Cl. A

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

$

74,312,770‌

Financial

Services

—

(0.0)%

2,319‌

First

Bank

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

23,422‌

4,657‌

Shore

Bancshares

Inc.

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

66,502‌

89,924‌

Machinery

—

(0.1)%

1,500‌

Xylem

Inc.

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

157,050‌

TOTAL

SECURITIES

SOLD

SHORT

(Proceeds

received

$38,897,883)(b)

....

$

74,559,744‌

(a)

Security

is

valued

using

significant

unobservable

inputs

and

is

classified

as

Level

3

in

the

fair

value

hierarchy.

(b)

At

March

31,

2023,

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,

2023,

forward

foreign

exchange

contracts

outstanding

were

as

follows:

Currency

Purchased

Currency

Sold

Counterparty

Settlement

Date

Unrealized

Appreciation/

(Depreciation)

USD

12,825,060

EUR

11,800,000

State

Street

Bank

and

Trust

Co.

04/28/23

$

7,874‌

USD

2,221,435

GBP

1,800,000

State

Street

Bank

and

Trust

Co.

04/28/23

(341‌)

USD

957,352

CAD

1,300,000

State

Street

Bank

and

Trust

Co.

04/28/23

(4,936‌)

TOTAL

FORWARD

FOREIGN

EXCHANGE

CONTRACTS

$

2,597‌