1
Gabelli
International
Growth
Fund,
Inc.
Schedule
of
Investments
—
September
30,
2022
(Unaudited)
Shares
Market
Value
COMMON
STOCKS
—
99.3%
HEALTH
CARE
—
20.4%
5,500
AstraZeneca
plc
........................................
$
604,612
1,500
EssilorLuxottica
SA
..................................
203,884
1,800
Gerresheimer
AG
......................................
87,887
1,500
Hoya
Corp.
...............................................
144,538
6,500
Koninklijke
Philips
NV
...............................
100,077
375
Lonza
Group
AG
.......................................
182,584
7,250
Novartis
AG
..............................................
552,718
7,000
Novo
Nordisk
A/S,
Cl. B
............................
697,325
2,200
Roche
Holding
AG,
Genusschein
...............
716,172
19,000
Smith
&
Nephew
plc
.................................
219,313
2,200
Sysmex
Corp.
...........................................
117,560
3,626,670
CONSUMER
DISCRETIONARY
—
19.6%
1,650
Christian
Dior
SE
......................................
950,969
7,150
Cie
Financiere
Richemont
SA,
Cl. A
...........
674,927
18,000
Entain
plc
.................................................
215,216
400
Fast
Retailing
Co.
Ltd.
...............................
211,978
725
Hermes
International
................................
852,687
1,300
Shimano
Inc.
............................................
203,405
3,600
Sony
Group
Corp.
.....................................
231,892
8,000
Universal
Music
Group
NV
........................
149,840
3,490,914
CONSUMER
STAPLES
-
FOOD,
BEVERAGE,
AND
TOBACCO
—
15.9%
4,170
Danone
SA
...............................................
197,180
15,000
Diageo
plc
................................................
631,403
3,500
Heineken
NV
............................................
305,659
11,000
Kobe
Bussan
Co.
Ltd.
...............................
264,630
8,600
Nestlé
SA
.................................................
930,153
2,750
Pernod
Ricard
SA
.....................................
504,499
2,833,524
INDUSTRIALS
—
11.0%
1,600
DSV
A/S
...................................................
187,436
15,000
Epiroc
AB,
Cl. B
........................................
189,145
2,400
FANUC
Corp.
............................................
336,994
6,000
Jardine
Matheson
Holdings
Ltd.
................
303,348
3,500
Nidec
Corp.
..............................................
195,916
1,500
SMC
Corp.
...............................................
610,456
500
Teleperformance
.......................................
126,842
1,950,137
INFORMATION
TECHNOLOGY
—
9.8%
415
ASML
Holding
NV
....................................
171,926
2,580
Keyence
Corp.
..........................................
852,846
6,800
Murata
Manufacturing
Co.
Ltd.
.................
312,985
3,000
RELX
plc
..................................................
73,307
1,000
SOITEC†
..................................................
114,184
7,000
STMicroelectronics
NV
.............................
217,541
1,742,789
Shares
Market
Value
MATERIALS
—
8.8%
7,000
Agnico
Eagle
Mines
Ltd.
...........................
$
295,610
2,439
Air
Liquide
SA
..........................................
278,776
24,512
Barrick
Gold
Corp.
....................................
379,936
8,125
Rio
Tinto
plc
.............................................
439,610
5,000
Wheaton
Precious
Metals
Corp.
................
161,800
1,555,732
CONSUMER
STAPLES
-
HOUSEHOLD
AND
PERSONAL
PRODUCTS
—
6.8%
2,300
L'Oreal
SA
................................................
735,407
1,300
Reckitt
Benckiser
Group
plc
......................
86,166
5,000
Shiseido
Co.
Ltd.
......................................
175,236
5,000
Unilever
plc
..............................................
220,082
1,216,891
FINANCIALS
—
6.6%
25,000
AIA
Group
Ltd.
.........................................
208,148
1,300
Euronext
NV
.............................................
82,272
32,000
Investor
AB,
Cl. B
.....................................
466,919
10,000
Kinnevik
AB,
Cl. B†
...................................
131,059
11,700
Prudential
plc
...........................................
114,515
579
S&P
Global
Inc.
........................................
176,798
1,179,711
ENERGY
AND
UTILITIES
—
0.4%
2,000
Equinor
ASA
.............................................
65,957
TOTAL
COMMON
STOCKS
..................
17,662,325
WARRANTS
—
0.0%
CONSUMER
DISCRETIONARY
—
0.0%
14,300
Cie
Financiere
Richemont
SA,
expire
11/22/23†
.............................................
6,377
Principal
Amount
U.S.
GOVERNMENT
OBLIGATIONS
—
0.7%
$
115,000
U.S.
Treasury
Bill,
2.481%††,
11/10/22
.............................
114,671
TOTAL
INVESTMENTS
—
100.0%
(Cost
$12,388,800)
...............................
$
17,783,373
†
Non-income
producing
security.
††
Represents
annualized
yield
at
date
of
purchase.
2
Gabelli
International
Growth
Fund,
Inc.
Schedule
of
Investments
(Continued)
—
September
30,
2022
(Unaudited)
Geographic
Diversification
%
of
Market
Value
Market
Value
Europe
..............................
70.2
%
$
12,484,627
Japan
...............................
20.6
3,658,436
North
America
......................
6.3
1,128,815
Asia/Pacific
.........................
2.9
511,495
100.0%
$
17,783,373