Gabelli Capital Series Funds NPORT-P Gabelli Capital Asset Fund (Sep 2022 report)

Gabelli

Capital

Asset

Fund

Schedule

of

Investments

September

30,

2022

(Unaudited)

1

Shares

Market

Value

Common

Stocks

—

99.5%

Aerospace

and

Defense

—

7.3%

38,000‌

Aerojet

Rocketdyne

Holdings

Inc.†

$

1,519,620‌

10,600‌

HEICO

Corp.

1,526,188‌

2,400‌

Honeywell

International

Inc.

400,728‌

27,000‌

Kaman

Corp.

754,110‌

4,200,646‌

Agriculture

—

0.4%

2,500‌

Archer-Daniels-Midland

Co.

201,125‌

300‌

Bunge

Ltd.

24,771‌

225,896‌

Automobiles

and

Components

—

0.4%

1,000‌

BorgWarner

Inc.

31,400‌

5,500‌

Dana

Inc.

62,865‌

2,299‌

Garrett

Motion

Inc.†

12,990‌

25,000‌

Iveco

Group

NV†

119,321‌

226,576‌

Building

and

Construction

—

2.4%

12,500‌

Griffon

Corp.

369,000‌

9,500‌

Herc

Holdings

Inc.

986,860‌

1,355,860‌

Commercial

and

Professional

Services

—

1.2%

5,000‌

Rollins

Inc.

173,400‌

3,400‌

Waste

Management

Inc.

544,714‌

718,114‌

Consumer

Durables

—

4.3%

2,900‌

Cavco

Industries

Inc.†

596,704‌

9,000‌

Skyline

Champion

Corp.†

475,830‌

22,200‌

Sony

Group

Corp.,

ADR

1,421,910‌

2,494,444‌

Consumer

Services

—

1.0%

6,800‌

Boyd

Gaming

Corp.

324,020‌

11,500‌

Canterbury

Park

Holding

Corp.

256,105‌

580,125‌

Consumer

Staples

—

10.5%

29,200‌

Brown-Forman

Corp.,

Cl. A

1,972,752‌

4,000‌

Campbell

Soup

Co.

188,480‌

37,000‌

Danone

SA,

ADR

348,355‌

13,400‌

Diageo

plc,

ADR

2,275,454‌

12,500‌

Fomento

Economico

Mexicano

SAB

de

CV,

ADR

784,375‌

5,000‌

National

Beverage

Corp.

192,700‌

2,500‌

The

Coca-Cola

Co.

140,050‌

3,399‌

Tootsie

Roll

Industries

Inc.

113,119‌

6,015,285‌

Diversified

Industrial

—

3.8%

10,600‌

Crane

Holdings

Co.

927,924‌

1,100‌

EnPro

Industries

Inc.

93,478‌

14,000‌

ITT

Inc.

914,760‌

16,000‌

L.B.

Foster

Co.,

Cl. A†

156,160‌

Shares

Market

Value

1,700‌

Textron

Inc.

$

99,042‌

2,191,364‌

Electrical

Equipment

—

4.3%

12,000‌

AMETEK

Inc.

1,360,920‌

13,000‌

Franklin

Electric

Co.

Inc.

1,062,230‌

300‌

Rockwell

Automation

Inc.

64,533‌

2,487,683‌

Energy

—

2.7%

1,700‌

Chevron

Corp.

244,239‌

4,000‌

ConocoPhillips

409,360‌

4,400‌

Devon

Energy

Corp.

264,572‌

6,500‌

Dril-Quip

Inc.†

126,880‌

3,000‌

Exxon

Mobil

Corp.

261,930‌

35,000‌

RPC

Inc.

242,550‌

1,549,531‌

Entertainment

—

3.4%

66,000‌

Paramount

Global,

Cl. A

1,421,640‌

2,500‌

The

Walt

Disney

Co.†

235,825‌

14,000‌

Vivendi

SE

109,381‌

15,000‌

Warner

Bros

Discovery

Inc.†

172,500‌

1,939,346‌

Financials

—

14.4%

8,400‌

American

Express

Co.

1,133,244‌

6,000‌

Bank

of

America

Corp.

181,200‌

33,000‌

Indus

Realty

Trust

Inc.,

REIT

1,728,210‌

3,500‌

JPMorgan

Chase

&

Co.

365,750‌

1,300‌

Marsh

&

McLennan

Companies

Inc.

194,077‌

12,000‌

Morgan

Stanley

948,120‌

3,500‌

PROG

Holdings

Inc.†

52,430‌

7,900‌

Ryman

Hospitality

Properties

Inc.,

REIT

581,361‌

11,500‌

State

Street

Corp.

699,315‌

37,000‌

The

Bank

of

New

York

Mellon

Corp.

1,425,240‌

24,000‌

Wells

Fargo

&

Co.

965,280‌

8,274,227‌

Health

Care

—

1.3%

11,000‌

Henry

Schein

Inc.†

723,470‌

Information

Technology

—

7.0%

14,500‌

Corning

Inc.

420,790‌

45,000‌

CTS

Corp.

1,874,250‌

3,500‌

Diebold

Nixdorf

Inc.†

8,540‌

4,000‌

EchoStar

Corp.,

Cl. A†

65,880‌

10,500‌

Texas

Instruments

Inc.

1,625,190‌

3,994,650‌

Machinery

—

10.8%

18,000‌

CIRCOR

International

Inc.†

296,820‌

125,000‌

CNH

Industrial

NV

1,396,250‌

1,800‌

Deere

&

Co.

601,002‌

10,000‌

Flowserve

Corp.

243,000‌

21,300‌

Graco

Inc.

1,276,935‌

2,200‌

IDEX

Corp.

439,670‌

2,200‌

Snap-on

Inc.

442,970‌

2

Gabelli

Capital

Asset

Fund

Schedule

of

Investments

(Continued)

September

30,

2022

(Unaudited)

Shares

Market

Value

Common

Stocks

(Continued)

Machinery

(Continued)

8,000‌

The

Eastern

Co.

$

138,800‌

74,010‌

The

L.S.

Starrett

Co.,

Cl. A†

653,508‌

1,200‌

Watts

Water

Technologies

Inc.,

Cl. A

150,876‌

6,200‌

Xylem

Inc.

541,632‌

6,181,463‌

Materials

—

6.7%

9,700‌

Ampco-Pittsburgh

Corp.†

35,696‌

36,000‌

Freeport-McMoRan

Inc.

983,880‌

1,800‌

International

Flavors

&

Fragrances

Inc.

163,494‌

68,500‌

Myers

Industries

Inc.

1,128,195‌

36,200‌

Newmont

Corp.

1,521,486‌

400‌

Sensient

Technologies

Corp.

27,736‌

3,860,487‌

Media

—

7.7%

3,000‌

AMC

Networks

Inc.,

Cl. A†

60,900‌

10,000‌

Cogeco

Inc.

398,885‌

12,000‌

DISH

Network

Corp.,

Cl. A†

165,960‌

6,000‌

Fox

Corp.,

Cl. A

184,080‌

116,000‌

Grupo

Televisa

SAB,

ADR

624,080‌

1,500‌

Liberty

Broadband

Corp.,

Cl. A†

111,900‌

1,800‌

Liberty

Broadband

Corp.,

Cl. C†

132,840‌

5,000‌

Liberty

Global

plc,

Cl. A†

77,950‌

12,000‌

Liberty

Global

plc,

Cl. C†

198,000‌

12,500‌

Liberty

Latin

America

Ltd.,

Cl. A†

77,375‌

269‌

Liberty

Latin

America

Ltd.,

Cl. C†

1,654‌

7,000‌

Liberty

Media

Corp.-

Liberty

Braves,

Cl. A†

197,050‌

2,000‌

Liberty

Media

Corp.-

Liberty

Braves,

Cl. C†

55,000‌

1,500‌

Liberty

Media

Corp.-

Liberty

Formula

One,

Cl. A†

78,780‌

1,500‌

Liberty

Media

Corp.-

Liberty

Formula

One,

Cl. C†

87,750‌

1,098‌

Liberty

Media

Corp.-

Liberty

SiriusXM,

Cl. C†

41,406‌

12,144‌

Madison

Square

Garden

Entertainment

Corp.†

535,429‌

6,700‌

Madison

Square

Garden

Sports

Corp.†

915,622‌

26,000‌

Sinclair

Broadcast

Group

Inc.,

Cl. A

470,340‌

4,415,001‌

Publishing

—

0.5%

24,000‌

The

E.W.

Scripps

Co.,

Cl. A†

270,480‌

Retailing

—

2.6%

9,700‌

CVS

Health

Corp.

925,089‌

2,000‌

Ingles

Markets

Inc.,

Cl. A

158,420‌

31,000‌

Sally

Beauty

Holdings

Inc.†

390,600‌

1,474,109‌

Telecommunication

Services

—

2.6%

10,000‌

Millicom

International

Cellular

SA,

SDR†

115,565‌

8,500‌

Rogers

Communications

Inc.,

Cl. B

327,590‌

22,000‌

Telephone

and

Data

Systems

Inc.

305,800‌

Shares

Market

Value

28,000‌

United

States

Cellular

Corp.†

$

728,840‌

1,477,795‌

Transportation

—

2.0%

13,500‌

GATX

Corp.

1,149,525‌

Utilities

—

2.2%

20,500‌

National

Fuel

Gas

Co.

1,261,775‌

Total

Common

Stocks

57,067,852‌

Closed-End

Funds

—

0.1%

7,500‌

Altaba

Inc.,

Escrow†

28,500‌

Convertible

Preferred

Stocks

—

0.0%

Automobiles

and

Components

—

0.0%

2,300‌

Garrett

Motion

Inc.,

Ser.

A,

11.000%

16,353‌

Warrants

—

0.0%

Materials

—

0.0%

6,000‌

Ampco-Pittsburgh

Corp.,

expire

08/01/25†

1,619‌

Principal

Amount

U.S.

Government

Obligations

—

0.4%

U.S.

Treasury

Bill

$

250,000‌

3.064%††,

12/15/22

248,583‌

TOTAL

INVESTMENTS

—

100.0%

(Cost

$28,856,602)

$

57,362,907‌

†

Non-income

producing

security.

††

Represents

annualized

yield

at

date

of

purchase.

ADR

American

Depositary

Receipt

REIT

Real

Estate

Investment

Trust

SDR

Swedish

Depositary

Receipt