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
Estimated average burden
hours per response:		23.8

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	3,413	14,146	SH		SOLE		14,146	0	0
ADCARE HEALTH SYSTEMS INC	COM	00650W300	47	10,000	SH		SOLE		10,000	0	0
ADOBE SYSTEMS INC COM	COM	00724F101	692	10,000	SH		SOLE		10,000	0	0
ADT CORPORATION COM	COM	00101J106	1,064	30,000	SH		SOLE		30,000	0	0
AKAMAI TECHNOLOGIES INC COM	COM	00971T101	538	9,000	SH		SOLE		9,000	0	0
ALCOA INC	COM	013817951	200	20,000	SH	Put	SOLE		0	0	0
ALERE INC	COM	01449J105	3,120	80,466	SH		SOLE		80,466	0	0
ALLERGAN INC	COM	018490102	7,536	42,293	SH		SOLE		42,293	0	0
AMC NETWORKS INC CL A	COM	00164V103	1,782	30,500	SH		SOLE		30,500	0	0
AMKOR TECHNOLOGY INC	COM	031652950	350	50,000	SH	Put	SOLE		0	0	0
AMER RLTY CAP HEALTHCAR TR ICO	COM	02917R108	4,591	438,100	SH		SOLE		438,100	0	0
AMERICAN EXPRESS CO	COM	025816109	306	3,500	SH		SOLE		3,500	0	0
AMGEN INC	COM	031162100	211	1,500	SH		SOLE		1,500	0	0
ANGLOGOLD ASHANTI LTD	COM	035128906	500	20,000	SH	Call	SOLE		0	0	0
ANNIE'S INC	COM	03600T104	8,996	196,002	SH		SOLE		196,002	0	0
APACHE CORP	COM	037411105	1,877	20,000	SH		SOLE		20,000	0	0
ASCMA 4 07/15/20 CV	CONVERTIBLE BOND	043632AA6	229	250,000	PRN		SOLE		250,000	0	0
ASTRAZENECA PLC ADR SPONSORED	COM	046353108	2,290	32,050	SH		SOLE		32,050	0	0
ATHLON ENERGY INC COM	COM	047477104	11,011	189,100	SH		SOLE		189,100	0	0
AURICO GOLD INC COM	COM	05155C105	45	13,000	SH		SOLE		13,000	0	0
AURICO GOLD INC	COM	05155C905	275	55,000	SH	Call	SOLE		0	0	0
AUXILIUM PHARMACEUTICALS INCCO	COM	05334D107	1,940	64,999	SH		SOLE		64,999	0	0
BIOTA HOLDINGS LTD	COM	090694100	934	378,107	SH		SOLE		378,107	0	0
B2GOLD CORP COM NPV	COM	11777Q209	893	391,698	SH		SOLE		391,698	0	0
BALLY TECHNOLOGIES INC COM	COM	05874B107	9,962	123,444	SH		SOLE		123,444	0	0
BANCO SANTANDER BRASIL S A ADS	COM	05967A107	5,864	896,567	SH		SOLE		896,567	0	0
BANK OF AMERICA	COM	060505104	1,854	108,729	SH		SOLE		108,729	0	0
BANK OF NEW YORK MELLON CORP	COM	064058100	426	11,000	SH		SOLE		11,000	0	0
BE AEROSPACE INC COM	COM	073302101	1,234	14,700	SH		SOLE		14,700	0	0
BGC 4 1/2 11/15/29	CONVERTIBLE BOND	369300AL2	469	675,000	PRN		SOLE		675,000	0	0
BIOSCRIP INC	COM	09069N108	1,421	205,706	SH		SOLE		205,706	0	0
BLYTH INC	COM	09643P207	716	88,200	SH		SOLE		88,200	0	0
BOB EVANS FARMS INC COM	COM	096761101	2,727	57,596	SH		SOLE		57,596	0	0
BOLT TECHNOLOGY CORP	COM	097698104	3,377	153,919	SH		SOLE		153,919	0	0
BOYD GAMING CORP	COM	103304101	2,285	224,920	SH		SOLE		224,920	0	0
BROOKDALE SR LIVING INC COM	COM	112463104	860	26,701	SH		SOLE		26,701	0	0
BROOKFIELD PPTY PARTNERS L PUN	COM	G16249107	754	35,770	SH		SOLE		35,770	0	0
CABLEVISION SYS NY GROUP A	COM	12686C109	284	16,200	SH		SOLE		16,200	0	0
CABLEVISION SYS CORP	COM	12686C959	420	30,000	SH	Put	SOLE		0	0	0
CBS CORP CLASS A	COM	124857103	450	8,400	SH		SOLE		8,400	0	0
CBS OUTDOOR AMERS INC COM	COM	14987J106	617	20,600	SH		SOLE		20,600	0	0
CHEMTURA CORP COM NEW	COM	163893209	2,764	118,479	SH		SOLE		118,479	0	0
CHICOS FAS INC COM	COM	168615102	1,930	130,657	SH		SOLE		130,657	0	0
CHIPOTLE MEXICAN GRILL INC CL	COM	169656105	4,333	6,500	SH		SOLE		6,500	0	0
CIE 2.625% 12/01/19	CONVERTIBLE BOND	19075FAA4	975	1,175,000	PRN		SOLE		1,175,000	0	0
CINCINNATI BELL	COM	171871106	1,288	382,067	SH		SOLE		382,067	0	0
CLEAR CHANNEL OUTDOOR HLDGS CL	COM	18451C109	101	15,000	SH		SOLE		15,000	0	0
CLECO CORP NEW COM	COM	12561W105	1,226	25,462	SH		SOLE		25,462	0	0
COMCAST CORP CL A SPL	COM	20030N200	241	4,500	SH		SOLE		4,500	0	0
COMMUNITY HEALTH SYSTEMS-CVR	WARRANT AND RIGH	203668116	17	492,630	SH		SOLE		492,630	0	0
COMPUWARE CORP COM	COM	205638109	11,739	1,106,409	SH		SOLE		1,106,409	0	0
COMVERSE INC COM	COM	20585P105	929	41,615	SH		SOLE		41,615	0	0
CONCUR TECHNOLOGIES INC COM	COM	206708109	27,903	220,020	SH		SOLE		220,020	0	0
CONVERSANT INC COM	COM	21249J105	1,137	33,200	SH		SOLE		33,200	0	0
COOPER TIRE & RUBBER CO	COM	216831107	2,862	99,709	SH		SOLE		99,709	0	0
CORCEPT THERAPEUTICS INC OC-CO	COM	218352102	268	100,000	SH		SOLE		100,000	0	0
CORNING INC	COM	219350105	203	10,500	SH		SOLE		10,500	0	0
COVIDIEN LTD	COM	G2554F113	16,678	192,791	SH		SOLE		192,791	0	0
CUBIST PHARMACEUTICALS CVR	WARRANT AND RIGH	229678123	98	815,317	SH		SOLE		815,317	0	0
CURTISS WRIGHT CORP	COM	231561101	330	5,000	SH		SOLE		5,000	0	0
DAVITA INC	COM	23918K108	256	3,500	SH		SOLE		3,500	0	0
DEVON ENERGY CORP NEW	COM	25179M103	2,045	30,000	SH		SOLE		30,000	0	0
DIRECTV	COM	25490A309	19,607	226,619	SH		SOLE		226,619	0	0
DRESSER-RAND GROUP INC COM	COM	261608103	11,054	134,378	SH		SOLE		134,378	0	0
EATON CORP PLC SHS	COM	G29183103	501	7,900	SH		SOLE		7,900	0	0
ECHOSTAR CORP-A	COM	278768106	853	17,500	SH		SOLE		17,500	0	0
EINSTEIN NOAH REST GROUP INCCO	COM	28257U104	2,935	145,581	SH		SOLE		145,581	0	0
ELIZABETH ARDEN INC	COM	28660G106	731	43,673	SH		SOLE		43,673	0	0
ENERGY XXI (BERMUDA) LTD	COM	G10082140	2,791	245,911	SH		SOLE		245,911	0	0
FAMILY DLR STORES INC	COM	307000109	5,716	74,000	SH		SOLE		74,000	0	0
FEDERAL MOGUL CORP CL A	COM	313549404	533	35,872	SH		SOLE		35,872	0	0
FERRO CORP	COM	315405100	284	19,600	SH		SOLE		19,600	0	0
FORTEGRA FINL CORP COM	COM	34954W104	611	61,800	SH		SOLE		61,800	0	0
FOSTER WHEELER AGR	COM	H27178104	5,308	167,874	SH		SOLE		167,874	0	0
GENERAL MOTORS CO	COM	37045V900	400	10,000	SH	Call	SOLE		0	0	0
GLIMCHER RLTY TR SH BEN INT	COM	379302102	3,080	227,500	SH		SOLE		227,500	0	0
GRAHAM HOLDINGS CO.	COM	384637104	844	1,207	SH		SOLE		1,207	0	0
GRIFOLS SA SP ADR REP B NVT	COM	398438408	734	20,898	SH		SOLE		20,898	0	0
GRUPO TELEVISA SA DE CV ADR (B	COM	40049J206	305	9,000	SH		SOLE		9,000	0	0
GULF COAST ULTRA DEEP RTY TR R	UNITS	40222T104	3,364	1,682,001	SH		SOLE		1,682,001	0	0
HARVEST NAT RES INC COM	COM	41754V103	832	226,760	SH		SOLE		226,760	0	0
HERTZ GLOBAL HOLDINGS INC COM	COM	42805T105	3,263	128,500	SH		SOLE		128,500	0	0
HESS CORP	COM	42809H107	943	10,000	SH		SOLE		10,000	0	0
HUDSON CITY BANCORP INC COM	COM	443683107	9,634	991,134	SH		SOLE		991,134	0	0
ICU MEDICAL INC	COM	44930G107	1,066	16,616	SH		SOLE		16,616	0	0
INTEGRYS ENERGY GROUP INC	COM	45822P105	2,411	37,200	SH		SOLE		37,200	0	0
INTEL CORP 3.25% 8/1/39 144A	CONVERTIBLE BOND	458140AF7	209	125,000	PRN		SOLE		125,000	0	0
INTERNATIONAL GAME TECH	COM	459902102	33,811	2,004,185	SH		SOLE		2,004,185	0	0
INTERNATIONAL RECTIFIER CORPCO	COM	460254105	14,330	365,184	SH		SOLE		365,184	0	0
INTERPUBLIC GROUP COS INC	COM	460690100	2,352	128,400	SH		SOLE		128,400	0	0
INTL FLAVORS & FRAGRANCES	COM	459506101	719	7,500	SH		SOLE		7,500	0	0
ISHARES TR HIGH YLD CORP	MUTUAL FUNDS	464288513	920	10,000	SH		SOLE		10,000	0	0
KEY ENERGY SVCS INC COM	COM	492914106	104	21,500	SH		SOLE		21,500	0	0
KIMBALL INTL INC CL B	COM	494274103	1,346	89,459	SH		SOLE		89,459	0	0
KINDER MORGAN EGY PTNS L P UT	COM	494550106	3,545	38,000	SH		SOLE		38,000	0	0
KINDER MORGAN INC WT EXP 05/25	WARRANT AND RIGH	49456B119	1,419	389,710	SH		SOLE		389,710	0	0
KODIAK OIL & GAS CORP COM	COM	50015Q100	4,987	367,515	SH		SOLE		367,515	0	0
KODIAK OIL & GAS CORP	COM	50015Q950	200	20,000	SH	Put	SOLE		0	0	0
LENNAR B SHARES	COM	526057302	3,050	95,279	SH		SOLE		95,279	0	0
LEXICON PHARMACEUTICALS INC	COM	528872104	21	15,000	SH		SOLE		15,000	0	0
LIBERTY TRIPADVISOR HLDG-A	COM	531465102	622	18,338	SH		SOLE		18,338	0	0
LIBERTY VENTURES SER A	COM	53071M880	696	18,338	SH		SOLE		18,338	0	0
LIN MEDIA LLC - A	COM	532771102	4,004	180,350	SH		SOLE		180,350	0	0
LIPOSCIENCE INC COM	COM	53630M108	1,275	246,200	SH		SOLE		246,200	0	0
LORAL SPACE & COMMUNICATNS ICO	COM	543881106	2,621	36,497	SH		SOLE		36,497	0	0
LORILLARD INC COM	COM	544147101	4,661	77,800	SH		SOLE		77,800	0	0
MARKET VECTORS ETF TR GOLD MIN	MUTUAL FUNDS	57060U100	747	35,000	SH		SOLE		35,000	0	0
MEAD JOHNSON	COM	582839106	1,443	15,000	SH		SOLE		15,000	0	0
MEASUREMENT SPECIALTIES INC CO	COM	583421102	18,967	221,553	SH		SOLE		221,553	0	0
MEDICAL ACTION INDS INC COM	COM	58449L100	4,251	308,519	SH		SOLE		308,519	0	0
MIC 2.875% 07/15/19	CORPORATE BONDS	55608BAA3	307	275,000	PRN		SOLE		275,000	0	0
MICROSOFT CORP	COM	594918104	464	10,000	SH		SOLE		10,000	0	0
MOLYCORP INC DEL COM	COM	608753109	34	28,200	SH		SOLE		28,200	0	0
MONDELEZ INTERNATIONAL	COM	609207105	343	10,000	SH		SOLE		10,000	0	0
MORGANS HOTEL GROUP CO COM	COM	61748W108	5,230	648,076	SH		SOLE		648,076	0	0
MOVE INC	COM	62458M207	8,795	419,586	SH		SOLE		419,586	0	0
MULTIMEDIA GAMES INC COM	COM	625453105	2,126	59,051	SH		SOLE		59,051	0	0
NATIONAL FUEL GAS CO N J COM	COM	636180101	315	4,500	SH		SOLE		4,500	0	0
NATIONAL INTERSTATE CORP COM	COM	63654U100	2,624	94,059	SH		SOLE		94,059	0	0
NEOGENOMICS INC COM NEW	COM	64049M209	104	20,000	SH		SOLE		20,000	0	0
NEWMONT MINING CORP HOLDING CO	COM	651639106	356	15,450	SH		SOLE		15,450	0	0
NII HLDGS INC CL B NEW	COM	62913F201	1	15,500	SH		SOLE		15,500	0	0
PEP BOYS MANNY MOE & JACK	COM	713278109	1,171	131,457	SH		SOLE		131,457	0	0
PEPSICO INC	COM	713448108	931	10,000	SH		SOLE		10,000	0	0
PEREGRINE SEMICONDUCTOR CORPCO	COM	71366R703	4,148	335,300	SH		SOLE		335,300	0	0
PHH CORP COM NEW	COM	693320202	4,933	220,630	SH		SOLE		220,630	0	0
PIKE ELECTRIC CORP	COM	721283109	3,228	271,457	SH		SOLE		271,457	0	0
POST HOLDINGS INC	COM	737446104	1,128	34,000	SH		SOLE		34,000	0	0
PROSHARES TRUST PSHS ULSHT SP5	ETF - EQUITY	74347B300	247	10,000	SH		SOLE		10,000	0	0
PROTECTIVE LIFE CORP COM	COM	743674103	26,488	381,619	SH		SOLE		381,619	0	0
QUIMICA Y MINERA	COM	833635105	784	30,000	SH		SOLE		30,000	0	0
QR ENERGY LP	COM	74734R958	105	7,000	SH	Put	SOLE		0	0	0
RITE AID CORP COM	COM	767754104	97	20,000	SH		SOLE		20,000	0	0
RIVERBED TECHNOLOGY INC COM	COM	768573107	4,520	243,726	SH		SOLE		243,726	0	0
ROCKWOOD HLDGS INC COM	COM	774415103	21,941	287,000	SH		SOLE		287,000	0	0
ROWAN COMPANIES PLC SHS CL A	COM	G7665A101	881	34,800	SH		SOLE		34,800	0	0
SAFEWAY INC COM NEW	COM	786514208	22,260	648,979	SH		SOLE		648,979	0	0
SANOFI-AVENTIS-CVR	COM	80105N113	148	318,241	SH		SOLE		318,241	0	0
SEADRILL LIMITED	COM	G7945E955	250	10,000	SH	Put	SOLE		0	0	0
SHANDA GAMES LTD SP ADR REPTG	COM	81941U105	2,491	380,946	SH		SOLE		380,946	0	0
SHIRE PLC ADR	COM	82481R106	16,846	65,030	SH		SOLE		65,030	0	0
SHUTTERFLY INC COM	COM	82568P304	3,134	64,300	SH		SOLE		64,300	0	0
SIGMA ALDRICH CORP	COM	826552101	11,452	84,200	SH		SOLE		84,200	0	0
SIRIUS XM HOLDINGS INC	COM	82968B103	3,493	1,000,934	SH		SOLE		1,000,934	0	0
SNDK 1 1/2 08/17	CONVERTIBLE BOND	80004CAD3	242	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	271	15,000	SH		SOLE		15,000	0	0
SPWRA 4 1/2 03/15	CONVERTIBLE BOND	867652AE9	1,544	1,000,000	PRN		SOLE		1,000,000	0	0
STATOIL ASA SPONSORED ADR	COM	85771P102	1,086	40,000	SH		SOLE		40,000	0	0
SWS GROUP INC	COM	78503N107	1,147	166,469	SH		SOLE		166,469	0	0
TELEPHONE & DATA SYS	COM	879433829	379	15,800	SH		SOLE		15,800	0	0
TIBCO SOFTWARE INC	COM	88632Q103	9,296	393,400	SH		SOLE		393,400	0	0
TIM HORTONS INC COM	COM	88706M103	4,358	55,300	SH		SOLE		55,300	0	0
TIME WARNER CABLE INC COM	COM	88732J207	15,040	104,813	SH		SOLE		104,813	0	0
TIME WARNER INC COM	COM	887317303	1,418	18,850	SH		SOLE		18,850	0	0
TIME WARNER INC	COM	887317903	925	10,000	SH	Call	SOLE		0	0	0
TRI POINTE HOMES INC COM	COM	87265H109	357	27,600	SH		SOLE		27,600	0	0
TRIQUINT SEMICONDUCTOR INC COM	COM	89674K103	11,727	614,961	SH		SOLE		614,961	0	0
TRULIA INC COM	COM	897888103	14,218	290,750	SH		SOLE		290,750	0	0
TRW AUTOMOTIVE HOLDINGS CORP	COM	87264S106	24,138	238,400	SH		SOLE		238,400	0	0
TW TELECOM INC	COM	87311L104	17,964	431,733	SH		SOLE		431,733	0	0
TWENTY FIRST CENTY FOX B	COM	90130A200	456	13,700	SH		SOLE		13,700	0	0
T-MOBILE US INC	COM	872590104	7,158	247,947	SH		SOLE		247,947	0	0
T-MOBILE US INC	COM	872590904	1,700	50,000	SH	Call	SOLE		0	0	0
UNIVERSAL AMERICAN CORP	COM	91338E101	757	94,145	SH		SOLE		94,145	0	0
URS CORP NEW COM	COM	903236107	2,950	51,203	SH		SOLE		51,203	0	0
VERIZON COMMUNICATIONS	COM	92343V104	2,306	46,133	SH		SOLE		46,133	0	0
VIACOM INC NEW CL A	COM	92553P102	624	8,100	SH		SOLE		8,100	0	0
WEATHERFORD INTERNATIONAL PLC	COM	G48833100	940	45,207	SH		SOLE		45,207	0	0
WELLS FARGO & CO NEW	COM	949746101	4,240	81,743	SH		SOLE	��	81,743	0	0
WRIGHT MEDICAL GROUP INC-CVR 3	COM	98235T115	55	25,569	SH		SOLE		25,569	0	0
X 2 3/4 04/01/19	CONVERTIBLE BOND	912909AH1	206	125,000	PRN		SOLE		125,000	0	0
YAHOO INC.	COM	984332106	1,455	35,700	SH		SOLE		35,700	0	0