GABELLI & Co INVESTMENT ADVISERS 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ACTAVIS PLC SHS	COM	G0083B108	223	1,000	SH		SOLE		1,000	0	0
ADCARE HEALTH SYSTEMS INC	COM	00650W300	43	10,000	SH		SOLE		10,000	0	0
AEROFLEX HLDG CORP	COM	007767106	2,102	200,168	SH		SOLE		200,168	0	0
ALCOA INC	COM	013617951	200	20,000	SH	Put	SOLE		0	0	0
ALLERGAN INC	COM	018490102	9,925	58,650	SH		SOLE		58,650	0	0
AMKOR TECHNOLOGY INC	COM	031652950	350	50,000	SH	Put	SOLE		0	0	0
AMER RLTY CAP HEALTHCAR TR IC	O COM	02917R108	3,509	322,200	SH		SOLE		322,200	0	0
AMERICAN EXPRESS CO	COM	025816109	332	3,500	SH		SOLE		3,500	0	0
ANADARKO PETE CORP	COM	032511907	120	1,000	SH	Call	SOLE		0	0	0
ANGLOGOLD ASHANTI LTD	COM	035128906	500	20,000	SH	Call	SOLE		0	0	0
ASCMA 4 07/15/20 CV	CONVERTIBLE BOND	043632AA6	235	250,000	PRN		SOLE		250,000	0	0
ASPEN INSURANCE HOLDINGS LTDS	H COM	G05384105	286	6,300	SH		SOLE		6,300	0	0
ASTRAZENECA PLC ADR SPONSORED	COM	046353108	2,382	32,050	SH		SOLE		32,050	0	0
AURICO GOLD INC COM	COM	05155C105	55	13,000	SH		SOLE		13,000	0	0
AUTONAVI HLDGS LTD SPONSORED	A COM	05330F106	5,444	260,458	SH		SOLE		260,458	0	0
BIOTA HOLDINGS LTD	COM	090694100	1,028	360,668	SH		SOLE		360,668	0	0
BANCO SANTANDER BRASIL S A AD	S COM	05967A107	3,277	473,624	SH		SOLE		473,624	0	0
BANK OF AMERICA	COM	060505104	1,671	108,729	SH		SOLE		108,729	0	0
BANK OF NEW YORK MELLON CORP	COM	064058100	412	11,000	SH		SOLE		11,000	0	0
BGC 4 1/2 11/15/29	CONVERTIBLE BOND	369300AL2	672	675,000	PRN		SOLE		675,000	0	0
BIOSCRIP INC	COM	09069N108	1,454	174,342	SH		SOLE		174,342	0	0
BOB EVANS FARMS INC COM	COM	096761101	2,815	56,246	SH		SOLE		56,246	0	0
BOYD GAMING CORP	COM	103304101	2,480	204,420	SH		SOLE		204,420	0	0
BROOKFIELD PPTY PARTNERS L PUN	COM	G16249107	945	45,270	SH		SOLE		45,270	0	0
CABLEVISION SYS NY GROUP A	COM	12686C109	1,620	91,800	SH		SOLE		91,800	0	0
CBEYOND INC COM	COM	149847105	3,243	325,909	SH		SOLE		325,909	0	0
CBS CORP CLASS A	COM	124857103	522	8,400	SH		SOLE		8,400	0	0
CHEMED CORPORATION	COM	16359R103	258	2,750	SH		SOLE		2,750	0	0
CHEMTURA CORP COM NEW	COM	163893209	2,947	112,779	SH		SOLE		112,779	0	0
CHICOS FAS INC COM	COM	168615102	1,864	109,894	SH		SOLE		109,894	0	0
CHINDEX INTERNATIONAL INC COM	COM	169467107	3,000	126,629	SH		SOLE		126,629	0	0
CHIPOTLE MEXICAN GRILL INC CL	COM	169656105	3,851	6,500	SH		SOLE		6,500	0	0
CIE 2.625% 12/01/19	CONVERTIBLE BOND	19075FAA4	1,085	1,175,000	PRN		SOLE		1,175,000	0	0
CINCINNATI BELL	COM	171871106	1,255	319,461	SH		SOLE		319,461	0	0
CLEAR CHANNEL OUTDOOR HLDGS CL	COM	18451C109	123	15,000	SH		SOLE		15,000	0	0
CLECO CORP NEW COM	COM	12561W105	237	4,016	SH		SOLE		4,016	0	0
COMCAST CORP CL A SPL	COM	20030N200	240	4,500	SH		SOLE		4,500	0	0
COMMUNITY HEALTH SYSTEMS-CVR	WARRANT AND RIGH	203668116	33	492,630	SH		SOLE		492,630	0	0
COMPUWARE CORP COM	COM	205638109	6,769	677,532	SH		SOLE		677,532	0	0
COMVERSE INC COM	COM	20585P105	1,110	41,615	SH		SOLE		41,615	0	0
COOPER TIRE & RUBBER CO	COM	216831107	3,791	126,352	SH		SOLE		126,352	0	0
CORCEPT THERAPEUTICS INC OC-CO	COM	218352102	280	100,000	SH		SOLE		100,000	0	0
CORNING INC	COM	219350105	241	11,000	SH		SOLE		11,000	0	0
COVIDIEN LTD	COM	G2554F113	10,117	112,191	SH		SOLE		112,191	0	0
CUBIST PHARMACEUTICALS CVR	WARRANT AND RIGH	229678123	94	815,317	SH		SOLE		815,317	0	0
DIRECTV	COM	25490A309	4,948	58,200	SH		SOLE		58,200	0	0
EATON CORP PLC SHS	COM	G29183103	679	8,800	SH		SOLE		8,800	0	0
ELIZABETH ARDEN INC	COM	28660G106	1,111	51,873	SH		SOLE		51,873	0	0
EMERITUS CORP COM	COM	291005106	13,215	417,540	SH		SOLE		417,540	0	0
ENERGY TRANSFER PARTNERS L PUN	COM	29273R109	712	12,274	SH		SOLE		12,274	0	0
ENERGY XXI (BERMUDA) LTD	COM	G10082140	2,833	119,892	SH		SOLE		119,892	0	0
EQUAL ENERGY LTD	COM	29390Q109	959	176,892	SH		SOLE		176,892	0	0
FERRO CORP	COM	315405100	2,943	234,283	SH		SOLE		234,283	0	0
FOREST LABS INC COM	COM	345838106	40,710	411,213	SH		SOLE		411,213	0	0
FOSTER WHEELER AGR	COM	H27178104	4,496	131,974	SH		SOLE		131,974	0	0
FUSION-IO INC COM	COM	36112J107	10,428	922,800	SH		SOLE		922,800	0	0
GIANT INTERACTIVE GROUP INC AD	COM	374511103	1,302	110,000	SH		SOLE		110,000	0	0
GRAHAM HOLDINGS CO.	COM	384637104	379	528	SH		SOLE		528	0	0
GRIFOLS SA SP ADR REP B NVT	COM	398438408	921	20,898	SH		SOLE		20,898	0	0
GRUPO TELEVISA SA DE CV ADR (B	COM	40049J206	309	9,000	SH		SOLE		9,000	0	0
GULF COAST ULTRA DEEP RTY TR R	UNITS	40222T104	4,785	1,633,201	SH		SOLE		1,633,201	0	0
HARVEST NAT RES INC COM	COM	41754V103	973	194,955	SH		SOLE		194,955	0	0
HEICO CORP NEW CL A	COM	422806208	1,459	35,936	SH		SOLE		35,936	0	0
HERTZ GLOBAL HOLDINGS INC COM	COM	42805T105	1,833	65,400	SH		SOLE		65,400	0	0
HILLSHIRE BRANDS CO	COM	432589109	33,513	537,925	SH		SOLE		537,925	0	0
HITTITE MICROWAVE CORP COM	COM	43365Y104	18,070	231,821	SH		SOLE		231,821	0	0
HUDSON CITY BANCORP INC COM	COM	443683107	9,743	991,134	SH		SOLE		991,134	0	0
ICU MEDICAL INC	COM	44930G107	2,263	37,216	SH		SOLE		37,216	0	0
IDENIX PHARMACEUTICALS INC COM	COM	45166R204	14,086	584,480	SH		SOLE		584,480	0	0
INTEGRYS ENERGY GROUP INC	COM	45822P105	2,475	34,800	SH		SOLE		34,800	0	0
INTERNATIONAL GAME TECH	COM	459902102	3,425	215,300	SH		SOLE		215,300	0	0
INTERPUBLIC GROUP COS INC	COM	460690100	1,438	73,700	SH		SOLE		73,700	0	0
KIMBALL INTL INC CL B	COM	494274103	1,439	86,059	SH		SOLE		86,059	0	0
KODIAK OIL & GAS CORP	COM	50015Q950	200	20,000	SH	Put	SOLE		0	0	0
LENNAR B SHARES	COM	526057302	3,385	95,279	SH		SOLE		95,279	0	0
LEXICON PHARMACEUTICALS INC	COM	528872104	24	15,000	SH		SOLE		15,000	0	0
LIBERTY VENTURES SER A	COM	53071M880	615	8,338	SH		SOLE		8,338	0	0
LIN MEDIA LLC - A	COM	532771102	3,670	134,661	SH		SOLE		134,661	0	0
LORAL SPACE & COMMUNICATNS ICO	COM	543881106	698	9,600	SH		SOLE		9,600	0	0
MARTIN MARIETTA MTLS INC COM	COM	573284106	4,286	32,455	SH		SOLE		32,455	0	0
MEASUREMENT SPECIALTIES INC CO	COM	583421102	11,056	128,457	SH		SOLE		128,457	0	0
MEDICAL ACTION INDS INC COM	COM	58449L100	3,846	280,092	SH		SOLE		280,092	0	0
MICROS SYS INC COM	COM	594901100	20,357	299,808	SH		SOLE		299,808	0	0
MOLYCORP INC DEL COM	COM	608753109	81	31,400	SH		SOLE		31,400	0	0
MORGANS HOTEL GROUP CO COM	COM	61748W108	4,681	590,257	SH		SOLE		590,257	0	0
MYLAN LABS INC COM	COM	628530107	981	19,021	SH		SOLE		19,021	0	0
NATIONAL FUEL GAS CO N J COM	COM	636180101	352	4,500	SH		SOLE		4,500	0	0
NATIONAL INTERSTATE CORP COM	COM	63654U100	2,626	93,722	SH		SOLE		93,722	0	0
NEOGENOMICS INC COM NEW	COM	64049M209	66	20,000	SH		SOLE		20,000	0	0
NEWMONT MINING CORP HOLDING CO	COM	651639106	279	10,950	SH		SOLE		10,950	0	0
NII HLDGS INC CL B NEW	COM	62913F201	12	22,000	SH		SOLE		22,000	0	0
NORDION INC COM	COM	65563C105	10,962	872,748	SH		SOLE		872,748	0	0
OMNICOM GROUP COM	COM	681919106	723	10,146	SH		SOLE		10,146	0	0
OPENTABLE INC COM	COM	68372A104	922	8,900	SH		SOLE		8,900	0	0
PEP BOYS MANNY MOE & JACK	COM	713278109	1,019	88,957	SH		SOLE		88,957	0	0
PEPCO HLDGS INC COM	COM	713291102	359	13,046	SH		SOLE		13,046	0	0
PETROLOGISTICS LP	COM	71672U101	957	66,616	SH		SOLE		66,616	0	0
PHH CORP COM NEW	COM	693320202	5,196	226,130	SH		SOLE		226,130	0	0
PLX TECHNOLOGY INC COM	COM	693417107	8,102	1,252,202	SH		SOLE		1,252,202	0	0
POST HOLDINGS INC	COM	737446104	204	4,000	SH		SOLE		4,000	0	0
PROSHARES TRUST PSHS ULSHT SP5	ETF - EQUITY	74347B300	254	10,000	SH		SOLE		10,000	0	0
PROTECTIVE LIFE CORP COM	COM	743674103	24,951	359,889	SH		SOLE		359,889	0	0
QR ENERGY LP	COM	74734R956	105	7,000	SH	Put	SOLE		0	0	0
QUESTCOR PHARMACEUTICALS INCCO	COM	74835Y101	5,365	58,007	SH		SOLE		58,007	0	0
RITE AID CORP	COM	767754954	180	45,000	SH	Put	SOLE		0	0	0
RDA MICROELECTRONICS INC SPONS	COM	749394102	5,390	315,002	SH		SOLE		315,002	0	0
RIVERBED TECHNOLOGY INC COM	COM	768573107	3,651	176,972	SH		SOLE		176,972	0	0
SAFEWAY INC COM NEW	COM	786514208	18,164	528,952	SH		SOLE		528,952	0	0
SANOFI-AVENTIS-CVR	COM	80105N113	157	314,041	SH		SOLE		314,041	0	0
SCHAWK INC CL A	COM	806373106	735	36,104	SH		SOLE		36,104	0	0
SHANDA GAMES LTD SP ADR REPTG	COM	81941U105	2,312	348,146	SH		SOLE		348,146	0	0
SHIRE PLC ADR	COM	82481R106	212	900	SH		SOLE		900	0	0
SIRIUS XM HOLDINGS INC	COM	82968B103	3,926	1,134,734	SH		SOLE		1,134,734	0	0
SNDK 1 1/2 08/17	CONVERTIBLE BOND	80004CAD3	255	125,000	PRN		SOLE		125,000	0	0
SNYDERS LANCE INC COM	COM	833551104	265	10,000	SH		SOLE		10,000	0	0
SONY CORP-ADR (B:SNE US)	COM	835699307	252	15,000	SH		SOLE		15,000	0	0
SPWRA 4 1/2 03/15	CONVERTIBLE BOND	867652AE9	1,839	1,000,000	PRN		SOLE		1,000,000	0	0
SUSSER HLDGS CORP COM	COM	869233106	7,442	92,199	SH		SOLE		92,199	0	0
SWS GROUP INC	COM	78503N107	1,192	163,769	SH		SOLE		163,769	0	0
TELEPHONE & DATA SYS	COM	879433829	450	17,218	SH		SOLE		17,218	0	0
TIBCO SOFTWARE INC	COM	88632Q103	325	16,100	SH		SOLE		16,100	0	0
TIME WARNER CABLE INC COM	COM	88732J207	12,755	86,592	SH		SOLE		86,592	0	0
TOWER GROUP INTL LTD COM	COM	G8988C105	477	265,029	SH		SOLE		265,029	0	0
TRI POINTE HOMES INC	COM	87265H909	828	27,600	SH	Call	SOLE		0	0	0
TRIQUINT SEMICONDUCTOR INC COM	COM	89674K103	2,103	133,000	SH		SOLE		133,000	0	0
TW TELECOM INC	COM	87311L104	2,112	52,400	SH		SOLE		52,400	0	0
TWENTY FIRST CENTY FOX B	COM	90130A200	1,188	34,700	SH		SOLE		34,700	0	0
T-MOBILE US INC	COM	872590104	4,014	119,397	SH		SOLE		119,397	0	0
UNIVERSAL AMERICAN CORP	COM	91338E101	784	94,145	SH		SOLE		94,145	0	0
UNS ENERGY CORPORATION COM	COM	903119105	4,473	74,051	SH		SOLE		74,051	0	0
VERIZON COMMUNICATIONS	COM	92343V104	1,988	40,633	SH		SOLE		40,633	0	0
VIACOM INC NEW CL A	COM	92553P102	573	6,600	SH		SOLE		6,600	0	0
WELLS FARGO & CO NEW	COM	949746101	4,296	81,743	SH		SOLE		81,743	0	0
WILLBROS GROUP INC DEL COM	COM	969203108	161	13,000	SH		SOLE		13,000	0	0
WRIGHT MEDICAL GROUP INC-CVR 3	COM	98235T115	38	25,569	SH		SOLE		25,569	0	0