The Gabelli Multimedia Trust Inc. (GGT) NPORT-P Gabelli Multimedia Trust Inc. (Mar 2021 report)

The Gabelli Multimedia Trust Inc.

Schedule of Investments — March 31, 2021 (Unaudited)

Shares			Market Value
		COMMON STOCKS — 92.0%
		DISTRIBUTION COMPANIES — 56.5%
		Broadcasting — 9.8%
	10,000	Asahi Broadcasting Group Holdings Corp.	$	65,658
	10,000	Beasley Broadcast Group Inc., Cl. A†		28,300
	6,400	Chubu-Nippon Broadcasting Co. Ltd.		33,293
	16,000	Cogeco Inc.		1,234,344
	35,000	Corus Entertainment Inc., OTC, Cl. B		159,600
	230,000	Corus Entertainment Inc., Toronto, Cl. B		1,046,869
	26,000	Discovery Inc., Cl. A†		1,129,960
	138,000	Discovery Inc., Cl. C†		5,090,820
	30,000	Fox Corp., Cl. A		1,083,300
	28,000	Fox Corp., Cl. B		978,040
	81,000	Grupo Radio Centro SAB de CV, Cl. A†		14,445
	30,000	iHeartMedia Inc., Cl. A†		544,500
	20,000	Informa plc†		154,348
	240,000	ITV plc†		397,533
	4,000	Lagardere SCA†		105,168
	8,000	Liberty Broadband Corp., Cl. A†		1,161,200
	50,800	Liberty Broadband Corp., Cl. C†		7,627,620
	19,000	Liberty Media Corp.- Liberty SiriusXM, Cl. A†		837,520
	84,361	Liberty Media Corp.- Liberty SiriusXM, Cl. C†		3,721,164
	68,566	Media Prima Berhad†		10,252
	35,000	MSG Networks Inc., Cl. A†		526,400
	4,000	Nexstar Media Group Inc., Cl. A		561,720
	25,000	Nippon Television Holdings Inc.		328,291
	4,000	NRJ Group†		30,584
	3,000	RTL Group SA†		175,764
	80,000	Sinclair Broadcast Group Inc., Cl. A		2,340,800
	33,000	TBS Holdings Inc.		647,333
	69,000	TEGNA Inc.		1,299,270
	25,000	Television Broadcasts Ltd.		26,016
	22,000	Television Francaise 1†		200,461
	240,000	TV Azteca SAB de CV		5,742
				31,566,315
		Business Services — 1.6%
	6,000	Carlisle Support Sevices Group Ltd.†(a)		662
	4,000	Fluent Inc.†		16,400
	6,000	Impellam Group plc†		22,747
	14,700	S&P Global Inc.		5,187,189
				5,226,998
		Cable — 8.9%
	9,500	AMC Networks Inc., Cl. A†		505,020
	300	Cable One Inc.		548,508
	3,800	Charter Communications Inc., Cl. A†		2,344,676
	35,000	Cogeco Communications Inc.		3,286,385
	143,000	Comcast Corp., Cl. A		7,737,730
	40,000	Liberty Global plc, Cl. A†		1,026,400
	130,177	Liberty Global plc, Cl. C†		3,324,721

Shares			Market Value
	19,400	MultiChoice Group	$	169,487
	100,000	Rogers Communications Inc., New York, Cl. B		4,610,000
	88,000	Shaw Communications Inc., New York, Cl. B		2,307,360
	4,000	Telenet Group Holding NV		162,208
	200,000	WideOpenWest Inc.†		2,718,000
				28,740,495
		Computer Software and Services — 1.1%
	7,000	CyrusOne Inc., REIT		474,040
	33,000	SVMK Inc.†		604,560
	2,000	Tencent Holdings Ltd.		156,931
	6,000	Zoom Video Communications Inc., Cl. A†		1,927,740
	20,000	Zuora Inc., Cl. A†		296,000
				3,459,271
		Consumer Services — 2.7%
	1,200	Expedia Group Inc.†		206,544
	24,500	IAC/InterActiveCorp.†		5,299,595
	135,000	Liberty TripAdvisor Holdings Inc., Cl. A†		861,300
	183,000	Qurate Retail Inc., Cl. A		2,152,080
				8,519,519
		Copyright/Creativity Companies — 0.1%
	5,000	Ubisoft Entertainment SA†		380,424
		Diversified Industrial — 0.6%
	27,000	Bouygues SA		1,082,555
	25,000	Jardine Strategic Holdings Ltd.		825,500
	6,000	Malaysian Resources Corp. Berhad		666
				1,908,721
		Entertainment — 10.8%
	15,000	Acies Acquisition Corp., Cl. A†		149,250
	85,000	Borussia Dortmund GmbH & Co. KGaA†		540,761
	12,500	GAN Ltd.†		227,500
	400,000	Grupo Televisa SAB, ADR†		3,544,000
	168,500	Liberty Media Acquisition Corp.†		1,804,635
	29,000	Liberty Media Corp.- Liberty Braves, Cl. A†		826,790
	104,000	Liberty Media Corp.- Liberty Braves, Cl. C†		2,893,280
	8,000	Liberty Media Corp.- Liberty Formula One, Cl. A†		305,760
	33,000	Liberty Media Corp.- Liberty Formula One, Cl. C†		1,428,570
	4,000	M6 Metropole Television SA†		85,466
	29,000	Madison Square Garden Entertainment Corp.†		2,372,200
	24,000	Madison Square Garden Sports Corp.†		4,307,040
	27,500	Naspers Ltd., Cl. N		6,580,083
	6,500	Netflix Inc.†		3,390,790
	20,000	Reading International Inc., Cl. A†		111,000
	8,000	Reading International Inc., Cl. B†		160,080
	4,000	Roku Inc.†		1,303,080
	40,000	Sirius XM Holdings Inc.		243,600
	23,500	Take-Two Interactive Software Inc.†		4,152,450

1

The Gabelli Multimedia Trust Inc.

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

Shares			Market Value
		COMMON STOCKS (Continued)
		DISTRIBUTION COMPANIES (Continued)
		Entertainment (Continued)
	550,000	Wow Unlimited Media Inc.†(b)(c)	$	240,710
				34,667,045
		Equipment — 1.1%
	7,200	Amphenol Corp., Cl. A		474,984
	44,000	Corning Inc		1,914,440
	15,000	Flex Ltd.†		274,650
	6,000	QUALCOMM Inc		795,540
				3,459,614
		Financial Services — 3.5%
	15,000	Caribbean Investment Holdings Ltd.†		7,134
	5,000	Conx Corp.†.		51,250
	300	Jardine Matheson Holdings Ltd		19,617
	34,500	Kinnevik AB, Cl. A		1,785,549
	25,000	Kinnevik AB, Cl. B		1,215,442
	5,000	LendingTree Inc.†		1,065,000
	25,500	PayPal Holdings Inc.†		6,192,420
	50,000	Spartacus Acquisition Corp.†		507,500
	20,000	Starboard Value Acquisition Corp., Cl. A†		198,600
	9,000	VNV Global AB†		112,533
	14,000	Waterloo Investment Holdings Ltd.†(a)		4,200
				11,159,245
		Food and Beverage — 0.3%
	2,400	Pernod Ricard SA		450,458
	2,500	Remy Cointreau SA		461,751
				912,209
		Information Technology — 0.9%
	26,500	Prosus NV		2,946,057
		Real Estate — 1.4%
	13,000	American Tower Corp., REIT		3,107,780
	3,000	Crown Castle International Corp., REIT		516,390
	5,500	Digital Realty Trust Inc., REIT		774,620
	15,000	Midway Investments†(a)		207
				4,398,997
		Retail — 0.2%
	200	Amazon.com Inc.†		618,816
	1,000	Best Buy Co. Inc		114,810
				733,626
		Satellite — 2.8%
	105,000	DISH Network Corp., Cl. A†		3,801,000
	69,000	EchoStar Corp., Cl. A†		1,656,000
	10,000	Iridium Communications Inc.†		412,500
	84,000	Loral Space & Communications Inc		3,164,280
	250,000	PT Indosat Tbk†		108,003

Shares			Market Value
	3,000	SKY Perfect JSAT Holdings Inc	$	13,330
				9,155,113
		Telecommunications: Long Distance — 0.4%
	23,000	AT&T Inc		696,210
	11,000	BCE Inc		496,562
	4,203	TIM SA, ADR		47,704
				1,240,476
		Telecommunications: National — 4.4%
	15,000	Deutsche Telekom AG		302,029
	50,000	Deutsche Telekom AG, ADR		1,012,000
	14,000	Elisa Oyj		839,606
	2,000	Freenet AG		47,870
	3,605	Hellenic Telecommunications Organization SA		57,833
	50,000	Liberty Latin America Ltd., Cl. A†		641,500
	99,036	Liberty Latin America Ltd., Cl. C†		1,285,487
	40,000	Lumen Technologies Inc		534,000
	1,000	Magyar Telekom Telecommunications plc, ADR		6,535
	4,000	Maroc Telecom		60,980
	40,000	Megacable Holdings SAB de CV		143,154
	20,000	Nippon Telegraph & Telephone Corp		513,344
	5,000	Oi SA, ADR†		2,030
	8,000	Orange SA, ADR.		98,640
	22,000	PLDT Inc., ADR		575,520
	6,000	Rostelecom PJSC, ADR		50,820
	13,000	Shenandoah Telecommunications Co		634,530
	22,000	Swisscom AG, ADR		1,185,140
	10,000	Telecom Argentina SA, ADR		55,200
	315,000	Telecom Italia SpA		170,367
	20,000	Telefonica Brasil SA, ADR		157,400
	200,000	Telefonica SA, ADR		906,000
	140,000	Telekom Austria AG		1,103,276
	55,000	Telesites SAB de CV†		56,966
	15,172	Telia Co. AB		65,719
	6,000	Telkom Indonesia Persero Tbk PT, ADR		141,840
	2,400	Telstra Corp. Ltd., ADR		31,128
	300,000	VEON Ltd., ADR†		531,000
	50,500	Verizon Communications Inc		2,936,575
				14,146,489
		Telecommunications: Regional — 2.1%
	120,000	Orange Belgium SA		3,222,580
	90,500	Telephone and Data Systems Inc		2,077,880
	80,000	TELUS Corp		1,594,400
				6,894,860
		Wireless Communications — 3.8%
	75,000	Altice USA Inc., Cl. A†		2,439,750
	55,000	America Movil SAB de CV, Cl. L, ADR		746,900
	24,000	Anterix Inc.†		1,131,840
	389,058	Jasmine International PCL(a)		36,354
	32,000	Millicom International Cellular SA, SDR†		1,231,129

2

The Gabelli Multimedia Trust Inc.

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

Shares			Market Value
		COMMON STOCKS (Continued)
		DISTRIBUTION COMPANIES (Continued)
		Wireless Communications (Continued)
	19,000	Orascom Investment Holding, GDR	$	950
	50,000	ORBCOMM Inc.†		381,500
	34,000	SK Telecom Co. Ltd., ADR		925,820
	28,500	T-Mobile US Inc.†		3,570,765
	19,000	Turkcell Iletisim Hizmetleri A/S, ADR		88,730
	32,000	United States Cellular Corp.†.		1,167,360
	25,000	Vodafone Group plc, ADR.		460,750
				12,181,848
		TOTAL DISTRIBUTION COMPANIES		181,697,322
		COPYRIGHT/CREATIVITY COMPANIES — 35.5%
		Business Services — 0.1%
	6,000	Scientific Games Corp.†		231,120
		Business Services: Advertising — 1.9%
	1,000	Boston Omaha Corp., Cl. A†		29,560
	470,000	Clear Channel Outdoor Holdings Inc.†		846,000
	1,000	comScore Inc.†		3,660
	20,000	JCDecaux SA†.		504,261
	23,400	Lamar Advertising Co., Cl. A, REIT		2,197,728
	10,820	Magnite Inc.†		450,220
	15,000	Ocean Outdoor Ltd.†		119,250
	1,500	Publicis Groupe SA		91,541
	4,000	Ströeer SE & Co. KGaA		326,011
	55,000	The Interpublic Group of Companies Inc		1,606,000
				6,174,231
		Computer Hardware — 2.4%
	63,400	Apple Inc		7,744,310
		Computer Software and Services — 9.6%
	35,400	Activision Blizzard Inc		3,292,200
	4,000	Actua Corp.†(a)		200
	4,300	Alphabet Inc., Cl. A†		8,868,836
	1,200	Alphabet Inc., Cl. C†		2,482,356
	45,500	eBay Inc		2,786,420
	31,000	Facebook Inc., Cl. A†		9,130,430
	50,000	Hewlett Packard Enterprise Co		787,000
	5,000	Match Group Inc.†		686,900
	10,000	Microsoft Corp		2,357,700
	7,000	QTS Realty Trust Inc., Cl. A, REIT		434,280
	300	Red Violet Inc.†		5,526
				30,831,848
		Consumer Products — 1.1%
	500	Johnson Outdoors Inc., Cl. A		71,375
	2,000	Nintendo Co. Ltd		1,116,460
	35,000	Nintendo Co. Ltd., ADR		2,478,000
				3,665,835

Shares			Market Value
		Consumer Services — 0.1%
	1,600	Marriott Vacations Worldwide Corp.†	$	278,688
		Electronics — 6.1%
	2,000	IMAX Corp.†		40,200
	6,000	Intel Corp		384,000
	3,509	Koninklijke Philips NV†		200,118
	29,036	Micro Focus International plc, ADR		222,996
	20,000	Resideo Technologies Inc.†		565,000
	172,000	Sony Group Corp., ADR		18,233,720
				19,646,034
		Entertainment — 6.2%
	35,000	CuriosityStream Inc.†		474,250
	79,200	GMM Grammy Public Co. Ltd		36,749
	6,000	Lions Gate Entertainment Corp., Cl. B†		77,400
	9,900	Live Nation Entertainment Inc.†		838,035
	41,000	Manchester United plc, Cl. A		645,340
	600	Spotify Technology SA†		160,770
	17,176	STV Group plc†		82,402
	50,000	Tencent Music Entertainment Group, ADR†		1,024,500
	42,000	The Marcus Corp.†		839,580
	35,000	The Walt Disney Co.†		6,458,200
	32,000	Universal Entertainment Corp.†		779,734
	70,000	ViacomCBS Inc., Cl. A		3,301,900
	18,000	ViacomCBS Inc., Cl. B		811,800
	88,000	Vivendi SE		2,889,533
	25,000	Warner Music Group Corp., Cl. A		858,250
	13,000	World Wrestling Entertainment Inc., Cl. A		705,380
				19,983,823
		Hotels and Gaming — 4.8%
	60,000	Boyd Gaming Corp.†		3,537,600
	300	Caesars Entertainment Inc.†		26,235
	1,800	Churchill Downs Inc		409,356
	63,000	Entain plc†		1,318,410
	300	Flutter Entertainment plc†		64,126
	30,000	Full House Resorts Inc.†		255,300
	18,000	Golden Entertainment Inc.†		454,680
	4,200	Greek Organization of Football Prognostics SA		56,789
	95,000	International Game Technology plc†		1,524,750
	7,700	Las Vegas Sands Corp.†		467,852
	170,000	Mandarin Oriental International Ltd.†		302,600
	29,000	Melco Resorts & Entertainment Ltd., ADR†		577,390
	22,000	MGM China Holdings Ltd		39,053
	28,000	MGM Resorts International		1,063,720
	4,000	Penn National Gaming Inc.†		419,360
	39,500	Ryman Hospitality Properties Inc., REIT†		3,061,645
	14,500	Wynn Resorts Ltd.†		1,817,865
				15,396,731
		Publishing — 1.6%
	20,000	Arnoldo Mondadori Editore SpA†		36,541

3

The Gabelli Multimedia Trust Inc.

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

Shares			Market Value
		COMMON STOCKS (Continued)
		COPYRIGHT/CREATIVITY COMPANIES (Continued)
		Publishing (Continued)
	974,000	Bangkok Post plc†.	$	31,168
	15,000	Barnes & Noble Education Inc.†		122,100
	1,000	Graham Holdings Co., Cl. B		562,440
	600	John Wiley & Sons Inc., Cl. B		31,950
	36,000	Meredith Corp.†		1,072,080
	5,263	Nation International Edutainment PCL†		509
	1,000,000	Nation Multimedia Group Public Co. Ltd.†		6,080
	27,000	News Corp., Cl. A		686,610
	33,500	News Corp., Cl. B		785,910
	6,779	Novus Holdings Ltd.†		514
	220,000	Singapore Press Holdings Ltd.		250,223
	65,000	The E.W. Scripps Co., Cl. A		1,252,550
	1,800	Wolters Kluwer NV		156,457
				4,995,132
		Real Estate — 1.6%
	5,000	Equinix Inc., REIT		3,397,950
	82,000	Outfront Media Inc., REIT†		1,790,060
				5,188,010
		TOTAL COPYRIGHT/CREATIVITY COMPANIES		114,135,762
		TOTAL COMMON STOCKS		295,833,084
		CLOSED-END FUNDS — 0.0%
	8,000	Altaba Inc., Escrow†		116,400
		PREFERRED STOCKS — 0.4%
		DISTRIBUTION COMPANIES — 0.4%
		Broadcasting — 0.1%
	5,500	Liberty Broadband Corp., 7.000%, Ser. A		147,125
		Consumer Services — 0.3%
	10,110	Qurate Retail Inc., 8.000%, 03/15/31		1,027,681
		TOTAL DISTRIBUTION COMPANIES		1,174,806
		TOTAL PREFERRED STOCKS		1,174,806
		RIGHTS — 0.0%
		DISTRIBUTION COMPANIES — 0.0%
		Broadcasting — 0.0%
	14,000	Media General Inc., CVR†(a)		0
		WARRANTS — 0.0%
		DISTRIBUTION COMPANIES — 0.0%
		Real Estate — 0.0%
	600	Malaysian Resources Corp. Berhad, expire 10/29/27†		19

Principal Amount		Market Value
	U.S. GOVERNMENT OBLIGATIONS — 7.6%
$24,283,000	U.S. Treasury Bills,
	0.009% to 0.085%††,
	04/29/21 to 09/23/21	$	24,281,461
	TOTAL INVESTMENTS — 100.0%
	(Cost $242,026,667)	$	321,405,770

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

(b) At March 31, 2021, the Fund held an investment in a restricted and illiquid security amounting to $240,710 or 0.07% of total investments, which was valued under methods approved by the Board of Directors as follows:

Acquisition Shares	Issuer	Acquisition Dates	Acquisition Cost		03/31/21 Carrying Value Per Unit
550,000	Wow Unlimited Media Inc.	05/05/18- 10/01/19		$  535,492		$0.4377

(c) Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. This security may be resold in transactions exempt from registration, normally to qualified institutional buyers.

† Non-income producing security.

†† Represents annualized yields at dates of purchase.

ADR American Depositary Receipt

CVR Contingent Value Right

GDR Global Depositary Receipt

REIT Real Estate Investment Trust

SDR Swedish Depositary Receipt

Geographic Diversification	% of Total Investments			Market Value
North America		77.0	%		$	247,329,913
Europe		10.3				33,143,867
Japan		7.5				24,209,163
South Africa		2.1				6,750,085
Asia/Pacific		1.6				5,086,884
Latin America		1.5				4,823,928
Africa/Middle East		0.0	*			61,930
Total Investments		100.0	%		$	321,405,770

* Amount represents less than 0.05%.

4