1
Gabelli
International
Growth
Fund,
Inc.
Schedule
of
Investments
—
March
31,
2022
(Unaudited)
Shares
Market
Value
COMMON
STOCKS
—
98.6%
CONSUMER
DISCRETIONARY
—
20.9%
900
adidas
AG
................................................
$
209,723
1,800
Christian
Dior
SE
......................................
1,221,458
7,150
Cie
Financiere
Richemont
SA,
Cl. A
...........
906,297
18,000
Entain
plc†
...............................................
385,578
500
Fast
Retailing
Co.
Ltd.
...............................
256,329
725
Hermes
International
................................
1,026,127
1,300
Shimano
Inc.
............................................
297,711
5,600
Sony
Group
Corp.
.....................................
576,104
8,000
Universal
Music
Group
NV
........................
213,553
5,092,880
HEALTH
CARE
—
19.0%
5,500
AstraZeneca
plc
........................................
729,372
1,500
EssilorLuxottica
SA
..................................
274,336
2,300
Gerresheimer
AG
......................................
168,008
1,500
Hoya
Corp.
...............................................
170,937
6,500
Koninklijke
Philips
NV
...............................
198,209
375
Lonza
Group
AG
.......................................
271,726
3,000
M3
Inc.
....................................................
108,348
7,250
Novartis
AG
..............................................
636,489
7,000
Novo
Nordisk
A/S,
Cl. B
............................
776,413
2,200
Roche
Holding
AG,
Genusschein
...............
870,456
19,400
Smith
&
Nephew
plc
.................................
308,555
1,400
Sysmex
Corp.
...........................................
101,398
4,614,247
CONSUMER
STAPLES
-
FOOD,
BEVERAGE,
AND
TOBACCO
—
14.3%
4,170
Danone
SA
...............................................
230,363
15,000
Diageo
plc
................................................
760,869
3,500
Heineken
NV
............................................
334,705
11,000
Kobe
Bussan
Co.
Ltd.
...............................
338,522
8,600
Nestlé
SA
.................................................
1,118,160
4,500
Nomad
Foods
Ltd.†
..................................
101,610
2,750
Pernod
Ricard
SA
.....................................
604,206
3,488,435
INDUSTRIALS
—
11.3%
1,600
DSV
A/S
...................................................
306,649
15,000
Epiroc
AB,
Cl. B
........................................
270,816
2,400
FANUC
Corp.
............................................
421,224
7,000
Jardine
Matheson
Holdings
Ltd.
................
384,010
4,300
Nidec
Corp.
..............................................
339,627
1,500
SMC
Corp.
...............................................
838,491
500
Teleperformance
.......................................
190,449
2,751,266
INFORMATION
TECHNOLOGY
—
10.1%
415
ASML
Holding
NV
....................................
277,312
2,580
Keyence
Corp.
..........................................
1,196,353
6,800
Murata
Manufacturing
Co.
Ltd.
.................
447,935
1,240
SOITEC†
..................................................
232,605
Shares
Market
Value
7,000
STMicroelectronics
NV
.............................
$
304,248
2,458,453
MATERIALS
—
9.0%
7,000
Agnico
Eagle
Mines
Ltd.
...........................
428,680
2,218
Air
Liquide
SA
..........................................
388,026
24,512
Barrick
Gold
Corp.
....................................
601,279
8,125
Rio
Tinto
plc
.............................................
649,566
2,800
Wheaton
Precious
Metals
Corp.
................
133,224
2,200,775
FINANCIALS
—
7.6%
30,000
AIA
Group
Ltd.
.........................................
313,256
1,300
Euronext
NV
.............................................
118,102
32,000
Investor
AB,
Cl. B
.....................................
695,304
10,000
Kinnevik
AB,
Cl. B†
...................................
260,761
11,700
Prudential
plc
...........................................
172,730
709
S&P
Global
Inc.
........................................
290,818
1,850,971
CONSUMER
STAPLES
-
HOUSEHOLD
AND
PERSONAL
PRODUCTS
—
6.4%
2,300
L'Oreal
SA
................................................
918,724
1,300
Reckitt
Benckiser
Group
plc
......................
99,172
6,000
Shiseido
Co.
Ltd.
......................................
303,051
5,000
Unilever
plc
..............................................
225,981
1,546,928
TOTAL
COMMON
STOCKS
..................
24,003,955
WARRANTS
—
0.0%
CONSUMER
DISCRETIONARY
—
0.0%
14,300
Cie
Financiere
Richemont
SA,
expire
11/22/23†
.............................................
11,297
Principal
Amount
U.S.
GOVERNMENT
OBLIGATIONS
—
1.4%
$
340,000
U.S.
Treasury
Bills,
0.497%
to
0.501%††,
06/23/22
............
339,636
TOTAL
INVESTMENTS
—
100.0%
(Cost
$13,267,759)
...............................
$
24,354,888
†
Non-income
producing
security.
††
Represents
annualized
yields
at
date
of
purchase.
2
Gabelli
International
Growth
Fund,
Inc.
Schedule
of
Investments
(Continued)
—
March
31,
2022
(Unaudited)
Geographic
Diversification
%
of
Market
Value
Market
Value
Europe
..............................
67.6
%
$
16,467,955
Japan
...............................
22.2
5,396,030
North
America
......................
7.4
1,793,637
Asia/Pacific
.........................
2.8
697,266
100.0%
$
24,354,888