1
The
Gabelli
ABC
Fund
Schedule
of
Investments
September
30,
2022
(Unaudited)
Shares
Market
Value
COMMON
STOCKS
 —
40.0%
Aerospace
and
Defense
 —
1.5%
225,000‌
Aerojet
Rocketdyne
Holdings
Inc.†
............
$
8,997,750‌
1,800‌
Hexcel
Corp.
............................................
93,096‌
9,090,846‌
Automotive
 —
0.0%
55,000‌
Iveco
Group
NV†
......................................
262,506‌
Automotive:
Parts
and
Accessories
 —
0.1%
17,000‌
Tenneco
Inc.,
Cl. A†
..................................
295,630‌
Broadcasting
 —
1.0%
9,000‌
Cogeco
Inc.
..............................................
358,997‌
118,000‌
Sinclair
Broadcast
Group
Inc.,
Cl. A
...........
2,134,620‌
155,000‌
TEGNA
Inc.
..............................................
3,205,400‌
5,699,017‌
Building
and
Construction
 —
9.3%
13,000‌
Hill
International
Inc.†
..............................
43,160‌
6,000‌
Johnson
Controls
International
plc
............
295,320‌
925,500‌
Lennar
Corp.,
Cl. B
...................................
55,076,505‌
55,414,985‌
Business
Services
 —
0.6%
12,500‌
Biffa
plc
...................................................
57,503‌
76,000‌
Dawson
Geophysical
Co.†
........................
127,680‌
28,000‌
Euromoney
Institutional
Investor
plc
.........
450,818‌
6,000‌
Evo
Payments
Inc.,
Cl. A†
.........................
199,800‌
100,000‌
Nielsen
Holdings
plc
.................................
2,772,000‌
180,000‌
Steel
Connect
Inc.†
..................................
246,600‌
3,854,401‌
Cable
and
Satellite
 —
0.3%
1,000‌
Charter
Communications
Inc.,
Cl. A†
.........
303,350‌
70,000‌
Liberty
Global
plc,
Cl. A†
..........................
1,091,300‌
19,000‌
Liberty
Global
plc,
Cl. C†
..........................
313,500‌
20,000‌
Liberty
Latin
America
Ltd.,
Cl. A†
..............
123,800‌
10,000‌
Shaw
Communications
Inc.,
Cl. B
.............
243,168‌
2,075,118‌
Communications
 —
0.0%
11,000‌
Millicom
International
Cellular
SA†
...........
125,510‌
Computer
Software
and
Services
 —
1.7%
4,200‌
Aspen
Technology
Inc.†
............................
1,000,440‌
20,000‌
Avalara
Inc.†
............................................
1,836,000‌
33,000‌
Black
Knight
Inc.†
....................................
2,136,090‌
7,000‌
BTRS
Holdings
Inc.†
................................
64,820‌
12,000‌
Citrix
Systems
Inc.
...................................
1,248,000‌
600‌
Computer
Services
Inc.
............................
33,450‌
3,000‌
Convey
Health
Solutions
Holdings
Inc.†
....
31,530‌
14,000‌
Dell
Technologies
Inc.,
Cl. C
......................
478,380‌
25,700‌
Digi
International
Inc.†
.............................
888,449‌
4,000‌
EMIS
Group
plc
........................................
84,411‌
6,700‌
Fiserv
Inc.†
..............................................
626,919‌
4,590‌
NortonLifeLock
Inc.
..................................
92,442‌
Shares
Market
Value
20,000‌
Ping
Identity
Holding
Corp.†
.....................
$
561,400‌
6,000‌
Playtech
plc†
............................................
29,584‌
5,000‌
Rocket
Internet
SE
....................................
116,136‌
2,000‌
Rockwell
Automation
Inc.
.........................
430,220‌
4,000‌
SLM
Solutions
Group
AG†
........................
76,993‌
300‌
Twitter
Inc.†
.............................................
13,152‌
2,400‌
VMware
Inc.,
Cl. A
....................................
255,504‌
10,003,920‌
Consumer
Products
 —
2.2%
15,000‌
Bang
&
Olufsen
A/S†
................................
18,022‌
24,000‌
Energizer
Holdings
Inc.
.............................
603,360‌
19,500‌
Hunter
Douglas
NV†
.................................
3,340,598‌
20,400‌
iRobot
Corp.†
...........................................
1,149,132‌
800,000‌
Swedish
Match
AB
...................................
7,929,607‌
13,040,719‌
Diversified
Industrial
 —
0.4%
40,000‌
Myers
Industries
Inc.
................................
658,800‌
35,000‌
Steel
Partners
Holdings
LP†
.....................
1,452,500‌
14,007‌
Valmet
Oyj
...............................................
285,945‌
25,500‌
Wartsila
OYJ
Abp
.....................................
164,493‌
2,561,738‌
Electronics
 —
2.5%
1,400‌
Coherent
Corp.†
.......................................
48,790‌
45,000‌
CyberOptics
Corp.†
..................................
2,420,100‌
1,200‌
MKS
Instruments
Inc.
...............................
99,168‌
51,500‌
Rogers
Corp.†
..........................................
12,456,820‌
12,400‌
Yamada
Holdings
Co.
Ltd.
.........................
40,782‌
15,065,660‌
Energy
and
Utilities
 —
3.7%
52,000‌
Alerion
Cleanpower
SpA
...........................
1,684,314‌
16,666‌
Alvopetro
Energy
Ltd.
...............................
84,455‌
12,500‌
APA
Corp.
................................................
427,375‌
1,000‌
Brigham
Minerals
Inc.,
Cl. A
.....................
24,670‌
1,450,000‌
ContourGlobal
plc
.....................................
4,079,874‌
300‌
DCP
Midstream
LP
...................................
11,271‌
20,000‌
Endesa
SA
................................................
302,247‌
46,982‌
Energy
Transfer
LP
...................................
518,211‌
520‌
Equitrans
Midstream
Corp.
.......................
3,890‌
200,000‌
Gulf
Coast
Ultra
Deep
Royalty
Trust
...........
9,400‌
29,000‌
National
Fuel
Gas
Co.
................................
1,784,950‌
203,000‌
PNM
Resources
Inc.
.................................
9,283,190‌
30,000‌
Primo
Water
Corp.
....................................
376,500‌
74,000‌
Severn
Trent
plc
.......................................
1,945,812‌
40,000‌
Shell
Midstream
Partners
LP
....................
632,400‌
10,000‌
South
Jersey
Industries
Inc.
.....................
334,200‌
300‌
Southwest
Gas
Holdings
Inc.
....................
20,925‌
23,000‌
UGI
Corp.
.................................................
743,590‌
22,267,274‌
Entertainment
 —
0.8%
2,500‌
Activision
Blizzard
Inc.
..............................
185,850‌
2
The
Gabelli
ABC
Fund
Schedule
of
Investments
(Continued)
September
30,
2022
(Unaudited)
Shares
Market
Value
COMMON
STOCKS
(Continued)
Entertainment
(Continued)
94,000‌
Fox
Corp.,
Cl. B
........................................
$
2,679,000‌
38,000‌
Liberty
Media
Corp.-
Liberty
Braves,
Cl. A†
1,069,700‌
4,740‌
Madison
Square
Garden
Entertainment
Corp.†
..................................................
208,987‌
5,000‌
Madison
Square
Garden
Sports
Corp.†
.....
683,300‌
4,826,837‌
Equipment
and
Supplies
 —
0.1%
33,600‌
The
L.S.
Starrett
Co.,
Cl. A†
......................
296,688‌
Financial
Services
 —
4.0%
34,000‌
Aareal
Bank
AG†
.......................................
1,072,959‌
7,000‌
Alimco
Financial
Corp.†
............................
49,000‌
11,100‌
Alleghany
Corp.†
......................................
9,317,007‌
39,500‌
AllianceBernstein
Holding
LP
....................
1,384,870‌
3,000‌
Brookfield
Asset
Management
Inc.,
Cl. A
...
122,670‌
2,119‌
CNFinance
Holdings
Ltd.,
ADR†
................
5,340‌
12,000‌
Cowen
Inc.,
Cl. A
......................................
463,680‌
23,000‌
Equitable
Holdings
Inc.
.............................
606,050‌
12,000‌
Fanhua
Inc.,
ADR
.....................................
61,800‌
32,000‌
First
Horizon
Corp.
...................................
732,800‌
1,000‌
Horizon
Bancorp
Inc.
................................
17,960‌
10,000‌
Intertrust
NV†
..........................................
191,502‌
53,000‌
KKR
&
Co.
Inc.
.........................................
2,279,000‌
800‌
Mastercard
Inc.,
Cl. A
...............................
227,472‌
76,000‌
MoneyGram
International
Inc.†
.................
790,400‌
55,000‌
Pzena
Investment
Management
Inc.,
Cl. A
.
521,400‌
6,000‌
Randolph
Bancorp
Inc.
.............................
161,760‌
7,920‌
SouthState
Corp.
......................................
626,630‌
800‌
Topdanmark
AS
........................................
37,477‌
16,000‌
Valley
National
Bancorp
............................
172,800‌
111,932‌
Webster
Financial
Corp.
............................
5,059,326‌
30,000‌
Wright
Investors'
Service
Holdings
Inc.†
...
4,800‌
23,906,703‌
Food
and
Beverage
 —
0.6%
2,000‌
Pernod
Ricard
SA
.....................................
370,165‌
18,500‌
Remy
Cointreau
SA
..................................
3,098,575‌
3,468,740‌
Health
Care
 —
6.8%
87,000‌
1Life
Healthcare
Inc.†
...............................
1,492,050‌
37,500‌
Aerie
Pharmaceuticals
Inc.†
......................
567,375‌
9,000‌
AstraZeneca
plc,
ADR
...............................
493,560‌
34,000‌
Biohaven
Pharmaceutical
Holding
Co.
Ltd.†
....................................................
5,139,780‌
400‌
Bio-Rad
Laboratories
Inc.,
Cl. A†
..............
166,856‌
8,400‌
Bioventus
Inc.,
Cl. A†
...............................
58,800‌
3,500‌
Bridgebio
Pharma
Inc.†
............................
34,790‌
24,000‌
Change
Healthcare
Inc.†
...........................
659,760‌
69,000‌
ChemoCentryx
Inc.†
.................................
3,564,540‌
15,000‌
Clovis
Oncology
Inc.†
...............................
17,850‌
Shares
Market
Value
170,000‌
Covetrus
Inc.†
..........................................
$
3,549,600‌
5,000‌
Forma
Therapeutics
Holdings
Inc.†
...........
99,750‌
2,000‌
F-star
Therapeutics
Inc.†
..........................
10,240‌
62,438‌
Global
Blood
Therapeutics
Inc.†
................
4,252,028‌
194,000‌
Hanger
Inc.†
............................................
3,631,680‌
500‌
ICU
Medical
Inc.†
.....................................
75,300‌
182,000‌
Idorsia
Ltd.†
............................................
2,372,069‌
300‌
Illumina
Inc.†
...........................................
57,237‌
200‌
LHC
Group
Inc.†
......................................
32,732‌
42,700‌
McKesson
Europe
AG
...............................
841,147‌
2,000‌
Meridian
Bioscience
Inc.†
.........................
63,060‌
433,000‌
Myrexis
Inc.†
...........................................
8,660‌
75,000‌
Perrigo
Co.
plc
.........................................
2,674,500‌
12,000‌
QIAGEN
NV†
............................................
495,360‌
1,027‌
QuidelOrtho
Corp.†
...................................
73,410‌
15,000‌
Signify
Health
Inc.,
Cl. A†
.........................
437,250‌
10,000‌
TherapeuticsMD
Inc.†
..............................
66,400‌
205,000‌
Viatris
Inc.
...............................................
1,746,600‌
107,000‌
Zendesk
Inc.†
...........................................
8,142,700‌
40,825,084‌
Hotels
and
Gaming
 —
0.0%
14,000‌
Entain
plc
.................................................
169,760‌
Machinery
 —
0.8%
22,000‌
Astec
Industries
Inc.
.................................
686,180‌
25,000‌
CFT
SpA†(a)
.............................................
112,706‌
50,000‌
CIRCOR
International
Inc.†
.......................
824,500‌
260,000‌
CNH
Industrial
NV
....................................
2,904,200‌
4,527,586‌
Metals
and
Mining
 —
0.9%
85,000‌
Ampco-Pittsburgh
Corp.†
.........................
312,800‌
3,000‌
Endeavour
Mining
plc
...............................
55,337‌
37,000‌
Freeport-McMoRan
Inc.
............................
1,011,210‌
4,257‌
Kinross
Gold
Corp.
...................................
16,025‌
19,000‌
Newmont
Corp.
........................................
798,570‌
83,500‌
Pan
American
Silver
Corp.
........................
1,325,980‌
50,000‌
Sierra
Metals
Inc.
.....................................
24,728‌
15,000‌
Turquoise
Hill
Resources
Ltd.†
.................
444,131‌
10,000‌
Vulcan
Materials
Co.
.................................
1,577,100‌
5,565,881‌
Paper
and
Forest
Products
 —
0.3%
3,100‌
Keweenaw
Land
Association
Ltd.
..............
54,715‌
75,000‌
Resolute
Forest
Products
Inc.†
.................
1,500,000‌
1,554,715‌
Publishing
 —
0.1%
12,000‌
Lee
Enterprises
Inc.†
................................
211,200‌
26,000‌
The
E.W.
Scripps
Co.,
Cl. A†
.....................
293,020‌
504,220‌
Real
Estate
 —
0.2%
500‌
American
Tower
Corp.,
REIT
.....................
107,350‌
3
The
Gabelli
ABC
Fund
Schedule
of
Investments
(Continued)
September
30,
2022
(Unaudited)
Shares
Market
Value
COMMON
STOCKS
(Continued)
Real
Estate
(Continued)
10,000‌
Bluerock
Residential
Growth
REIT
Inc.
......
$
267,500‌
5,000‌
Corem
Property
Group
AB,
Cl. B
...............
3,776‌
3,000‌
Healthcare
Realty
Trust
Inc.,
REIT
.............
62,550‌
15,000‌
STORE
Capital
Corp.,
REIT
........................
469,950‌
911,126‌
Retail
 —
0.6%
5,000‌
Recipe
Unlimited
Corp.†
...........................
74,637‌
185,000‌
Sportsman's
Warehouse
Holdings
Inc.†
....
1,535,500‌
300‌
Ted
Baker
plc†
..........................................
368‌
101,770‌
The
Bon-Ton
Stores
Inc.†
.........................
560‌
442,715‌
The
Fresh
Market
Inc.†
.............................
0‌
500‌
Tod's
SpA†
..............................................
20,571‌
6,400‌
Valora
Holding
AG†
..................................
1,735,076‌
3,366,712‌
Semiconductors
 —
0.1%
5,000‌
AIXTRON
SE
............................................
122,163‌
3,500‌
Entegris
Inc.
.............................................
290,570‌
7,900‌
Siltronic
AG
..............................................
450,995‌
863,728‌
Specialty
Chemicals
 —
0.2%
1,500‌
Linde
plc
..................................................
404,385‌
20,000‌
Mativ
Holdings
Inc.
..................................
441,600‌
18,000‌
SGL
Carbon
SE†
.......................................
105,845‌
400‌
Tronox
Holdings
plc
..................................
4,900‌
956,730‌
Telecommunications
 —
0.7%
120,000‌
Koninklijke
KPN
NV
..................................
326,004‌
2,081‌
Liberty
Latin
America
Ltd.,
Cl. C†
..............
12,798‌
94,000‌
Lumen
Technologies
Inc.
..........................
684,320‌
82,000‌
Orange
Belgium
SA†
................................
1,446,554‌
61,000‌
Parrot
SA†
...............................................
233,752‌
100,000‌
Pharol
SGPS
SA†
.....................................
6,184‌
2,500‌
Switch
Inc.,
Cl. A
......................................
84,225‌
108,000‌
Telenet
Group
Holding
NV
.........................
1,493,478‌
4,287,315‌
Transportation
 —
0.4%
7,000‌
Atlantia
SpA
.............................................
155,113‌
6,000‌
Atlas
Air
Worldwide
Holdings
Inc.†
...........
573,420‌
16,000‌
Atlas
Corp.
...............................................
222,400‌
12,700‌
DSV
A/S
...................................................
1,499,927‌
2,450,860‌
Wireless
Communications
 —
0.1%
44,000‌
Millicom
International
Cellular
SA,
SDR†
...
508,486‌
10,000‌
United
States
Cellular
Corp.†
....................
260,300‌
768,786‌
Shares
Market
Value
Wireless
Telecommunications
Services
 —
0.0%
400,000‌
NII
Holdings
Inc.,
Escrow†
.......................
$
140,000‌
TOTAL
COMMON
STOCKS
..................
239,148,795‌
CLOSED-END
FUNDS
 —
0.1%
235,000‌
Altaba
Inc.,
Escrow†
.................................
893,000‌
RIGHTS
 —
0.3%
Computer
Software
and
Services
 —
0.0%
1,000‌
Flexion
Therapeutics
Inc.,
CVR†
................
650‌
Health
Care
 —
0.1%
39,000‌
Achillion
Pharmaceuticals
Inc.,
CVR†
........
19,500‌
65,000‌
Adamas
Pharmaceuticals
Inc.,
CVR†
.........
3,250‌
65,000‌
Adamas
Pharmaceuticals
Inc.,
CVR†
.........
3,250‌
187,969‌
Ambit
Biosciences
Corp.,
CVR†(a)
............
317,667‌
100,000‌
Dova
Pharmaceuticals
Inc.,
CVR†
.............
12,500‌
28,000‌
Epizyme
Inc.,
CVR†
..................................
560‌
640,000‌
Innocoll,
CVR†(a)
.....................................
1‌
150,000‌
Ipsen
SA/Clementia,
CVR†(a)
....................
0‌
95,400‌
Ocera
Therapeutics,
CVR†(a)
....................
16,218‌
11,000‌
Prevail
Therapeutics
Inc.,
CVR†
................
5,500‌
2,000‌
Radius
Health
Inc.,
CVR†
..........................
160‌
825,000‌
Teva
Pharmaceutical
Industries
Ltd.,
CCCP,
expire
02/20/23†(a)
..............................
0‌
12,000‌
Tobira
Therapeutics
Inc.,
CVR†(a)
.............
0‌
1,500‌
Zogenix
Inc.,
CVR†
...................................
1,125‌
379,731‌
Metals
and
Mining
 —
0.2%
10,000‌
Kinross
Gold
Corp.,
CVR†
.........................
0‌
2,200,000‌
Pan
American
Silver
Corp.,
CVR†
..............
1,267,200‌
1,267,200‌
TOTAL
RIGHTS
...............................
1,647,581‌
WARRANTS
 —
0.0%
Diversified
Industrial
 —
0.0%
102,000‌
Ampco-Pittsburgh
Corp.,
expire
08/01/25†
27,520‌
Principal
Amount
U.S.
GOVERNMENT
OBLIGATIONS
 —
59.6%
$
357,596,000‌
U.S.
Treasury
Bills,
1.380%
to
3.297%††,
10/06/22
to
01/19/23(b)
........................
356,220,746‌
TOTAL
INVESTMENTS
BEFORE
SECURITIES
SOLD
SHORT
100.0%
(Cost
$582,669,309)
.............................
$
597,937,642‌
4
The
Gabelli
ABC
Fund
Schedule
of
Investments
(Continued)
September
30,
2022
(Unaudited)
Shares
Market
Value
SECURITIES
SOLD
SHORT
(9.0)%
Building
and
Construction
(9.0)%
723,500‌
Lennar
Corp.,
Cl. A
.........................
$
53,936,925‌
Energy
and
Utilities
(0.0)%
1,000‌
Sitio
Royalties
Corp.
.......................
22,110‌
TOTAL
SECURITIES
SOLD
SHORT
(Proceeds
received
$40,263,094)(c)
....
$
53,959,035‌
(a)
Security
is
valued
using
significant
unobservable
inputs
and
is
classified
as
Level
3
in
the
fair
value
hierarchy.
(b)
At
September
30,
2022,
$88,500,000
of
the
principal
amount
was
reserved
and/or
pledged
with
the
custodian
for
securities
sold
short
and
forward
foreign
exchange
contracts.
(c)
At
September
30,
2022,
these
proceeds
are
being
held
at
Pershing
LLC.
Non-income
producing
security.
††
Represents
annualized
yields
at
dates
of
purchase.
ADR
American
Depositary
Receipt
CCCP
Contingent
Cash
Consideration
Payment
CVR
Contingent
Value
Right
REIT
Real
Estate
Investment
Trust
SDR
Swedish
Depositary
Receipt
As
of
September
30,
2022,
forward
foreign
exchange
contracts
outstanding
were
as
follows:
Currency
Purchased
Currency
Sold
Counterparty
Settlement
Date
Unrealized
Depreciation
USD
7,504,890
SEK
84,800,000
State
Street
Bank
and
Trust
Co.
10/28/22
$
(145,804‌)
USD
15,925,454
EUR
16,500,000
State
Street
Bank
and
Trust
Co.
10/28/22
(276,528‌)
USD
2,903,280
GBP
2,700,000
State
Street
Bank
and
Trust
Co.
10/28/22
(113,234‌)
TOTAL
FORWARD
FOREIGN
EXCHANGE
CONTRACTS
$
(535,566‌)