1
The
Gabelli
Small
Cap
Growth
Fund
Schedule
of
Investments
—
June
30
,
2026
(Unaudited)
Shares
Market
Value
COMMON
STOCKS
 —
99.2%
Aerospace
and
Defense
 —
1.8%
31,000‌
Allient
Inc.
..................................................
$
3,190,830‌
58,000‌
Innovative
Solutions
and
Support
Inc.†
.....
1,044,000‌
6,500‌
Kratos
Defense
&
Security
Solutions
Inc.†
324,090‌
7,000‌
National
Presto
Industries
Inc.
...................
874,930‌
4,000‌
Redwire
Corp.†
..........................................
48,920‌
325,000‌
Textron
Inc.
................................................
29,812,250‌
35,295,020‌
Agriculture
 —
0.1%
50,000‌
FMC
Corp.
..................................................
575,000‌
64,000‌
Limoneira
Co.
.............................................
840,320‌
1,415,320‌
Automotive
 —
0.1%
18,300‌
Blue
Bird
Corp.†
.........................................
1,444,968‌
94,022‌
China
Automotive
Systems
Inc.†
...............
420,278‌
1,865,246‌
Automotive:
Parts
and
Accessories
 —
4.9%
142,000‌
BorgWarner
Inc.
.........................................
9,428,800‌
832,000‌
Brembo
NV
................................................
9,734,586‌
65,000‌
Commercial
Vehicle
Group
Inc.†
................
300,300‌
650,000‌
Dana
Inc.
....................................................
17,686,500‌
96,000‌
Garrett
Motion
Inc.
.....................................
3,478,080‌
62,000‌
Modine
Manufacturing
Co.†
.......................
16,555,240‌
132,000‌
Monro
Inc.
.................................................
2,258,520‌
64,500‌
O'Reilly
Automotive
Inc.†
...........................
5,939,805‌
28,000‌
Phinia
Inc.
..................................................
2,306,360‌
45,000‌
Puradyn
Filter
Technologies
Inc.†
..............
5‌
180,000‌
Standard
Motor
Products
Inc.
....................
7,014,600‌
226,000‌
Strattec
Security
Corp.†
.............................
18,407,700‌
18,400‌
Thor
Industries
Inc.
....................................
1,382,944‌
94,493,440‌
Aviation:
Parts
and
Services
 —
3.3%
20,000‌
AAR
Corp.†
................................................
2,858,600‌
8,500‌
Astronics
Corp.†
........................................
690,710‌
31,700‌
Astronics
Corp.,
Cl. B†
...............................
2,409,200‌
50,000‌
Ducommun
Inc.†
.......................................
9,260,500‌
80,000‌
Moog
Inc.,
Cl. A
.........................................
33,907,200‌
18,212‌
Moog
Inc.,
Cl. B
.........................................
7,779,438‌
17,200‌
Woodward
Inc.
...........................................
7,317,568‌
64,223,216‌
Broadcasting
 —
1.4%
4,000‌
Beasley
Broadcast
Group
Inc.,
Cl. A†
.........
105,000‌
165,000‌
Corus
Entertainment
Inc.,
Cl. B†
................
4,072‌
35,500‌
Fox
Corp.,
Cl. A
..........................................
1,851,680‌
5,800‌
Fox
Corp.,
Cl. B
..........................................
271,672‌
25,000‌
Gray
Media
Inc.
..........................................
99,250‌
71,700‌
Gray
Media
Inc.,
Cl. A
................................
501,900‌
850,000‌
Grupo
Televisa
SAB,
ADR†
.........................
2,303,500‌
100,000‌
ITV
plc
........................................................
106,912‌
Shares
Market
Value
13,000‌
Liberty
Broadband
Corp.,
Cl. A†
.................
$
432,640‌
22,000‌
Nexstar
Media
Group
Inc.
..........................
3,928,980‌
100,000‌
Salem
Media
Group
Inc.†
...........................
97,500‌
133,000‌
Sirius
XM
Holdings
Inc.
.............................
3,928,820‌
45,000‌
Townsquare
Media
Inc.,
Cl. A
.....................
318,150‌
344,000‌
Versant
Media
Group
Inc.
..........................
12,387,440‌
26,337,516‌
Building
and
Construction
 —
4.1%
71,000‌
Arcosa
Inc.
.................................................
10,315,590‌
200,000‌
Armstrong
Flooring
Inc.†
...........................
0‌
6,500‌
D.R.
Horton
Inc.
.........................................
1,058,720‌
31,500‌
Gibraltar
Industries
Inc.†
...........................
1,420,650‌
152,000‌
Herc
Holdings
Inc.
.....................................
21,787,680‌
37,500‌
KB
Home
....................................................
2,347,125‌
310,000‌
Lennar
Corp.,
Cl. B
.....................................
27,500,100‌
2,000‌
Meritage
Homes
Corp.
...............................
167,700‌
1,050‌
NVR
Inc.†
...................................................
7,154,070‌
21,600‌
PulteGroup
Inc.
..........................................
2,963,736‌
420‌
The
Monarch
Cement
Co.
...........................
120,645‌
71,000‌
Titan
Machinery
Inc.†
................................
1,499,520‌
5,200‌
Toll
Brothers
Inc.
........................................
856,700‌
23,000‌
Trex
Co.
Inc.†
.............................................
1,150,920‌
78,343,156‌
Business
Services
 —
3.0%
337,000‌
ALSOK
Co.
Ltd.
..........................................
2,213,574‌
800,000‌
Clear
Channel
Outdoor
Holdings
Inc.†
.......
1,936,000‌
34,500‌
Live
Nation
Entertainment
Inc.†
.................
6,317,295‌
40,000‌
Loomis
AB
.................................................
1,960,325‌
86,500‌
Madison
Square
Garden
Entertainment
Corp.†
....................................................
6,996,985‌
13,000‌
McGrath
RentCorp
.....................................
1,573,390‌
80,000‌
Ranpak
Holdings
Corp.†
............................
584,800‌
18,000‌
RB
Global
Inc.
............................................
2,096,100‌
340,000‌
S4
Capital
plc
.............................................
142,063‌
25,000‌
TransAct
Technologies
Inc.†
......................
146,000‌
1,605,000‌
Trans-Lux
Corp.†
.......................................
17,815‌
30,000‌
United
Rentals
Inc.
.....................................
33,986,700‌
57,971,047‌
Cable
 —
0.3%
56,000‌
AMC
Global
Media
Inc.,
Cl. A†
...................
558,880‌
55,000‌
EchoStar
Corp.,
Cl. A†
...............................
5,582,500‌
6,141,380‌
Communications
Equipment
 —
0.4%
140,000‌
Telesat
Corp.†
............................................
7,086,800‌
6,500‌
Vistance
Networks
Inc.
..............................
83,070‌
7,169,870‌
Computer
Software
and
Services
 —
0.9%
350,000‌
Alithya
Group
Inc.,
Cl. A†
...........................
249,270‌
6,000‌
Omnicom
Group
Inc.
..................................
436,980‌
15,000‌
Rockwell
Automation
Inc.
..........................
7,426,200‌
2
The
Gabelli
Small
Cap
Growth
Fund
Schedule
of
Investments
(Continued)
—
June
30
,
2026
(Unaudited)
Shares
Market
Value
COMMON
STOCKS
(Continued)
Computer
Software
and
Services
(Continued)
30,000‌
Stratasys
Ltd.†
...........................................
$
256,800‌
29,700‌
Tyler
Technologies
Inc.†
.............................
8,686,062‌
17,055,312‌
Consumer
Products
 —
1.3%
185,000‌
1-800-Flowers.com
Inc.,
Cl. A†
..................
643,800‌
70,000‌
Brunswick
Corp.
.........................................
5,896,800‌
32,000‌
Chofu
Seisakusho
Co.
Ltd.
.........................
391,057‌
39,000‌
Church
&
Dwight
Co.
Inc.
..........................
3,778,320‌
13,000‌
Edgewell
Personal
Care
Co.
.......................
349,180‌
111,000‌
Energizer
Holdings
Inc.
..............................
2,379,840‌
3,300‌
Kobayashi
Pharmaceutical
Co.
Ltd.
............
110,612‌
3,000‌
LCI
Industries
............................................
317,640‌
50,112‌
MasterCraft
Boat
Holdings
Inc.†
................
1,293,892‌
194,272‌
Sally
Beauty
Holdings
Inc.†
.......................
2,747,006‌
3,700‌
Shimano
Inc.
..............................................
394,702‌
7,000‌
Spectrum
Brands
Holdings
Inc.
.................
600,250‌
9,500‌
Steven
Madden
Ltd.
...................................
399,950‌
10,000‌
Sturm
Ruger
&
Co.
Inc.
.............................
378,500‌
25,000‌
The
Scotts
Miracle-Gro
Co.
........................
1,702,750‌
9,500‌
WD-40
Co.
.................................................
2,314,580‌
120,000‌
Wolverine
World
Wide
Inc.
........................
1,983,600‌
25,682,479‌
Consumer
Services
 —
0.7%
2,625‌
Angi
Inc.†
...................................................
15,619‌
53,000‌
Bowlin
Travel
Centers
Inc.†
........................
186,825‌
179,000‌
OPENLANE
Inc.†
........................................
7,381,960‌
5,000‌
People
Inc.†
...............................................
230,800‌
145,000‌
Rollins
Inc.
.................................................
6,052,300‌
13,867,504‌
Diversified
Industrial
 —
12.2%
10,000‌
Acuity
Inc.
..................................................
3,766,600‌
85,000‌
Albany
International
Corp.,
Cl. A
................
6,332,500‌
256,500‌
Crane
Co.
...................................................
57,217,455‌
127,500‌
Crane
NXT
Co.
............................................
6,522,900‌
88,000‌
Distribution
Solutions
Group
Inc.†
.............
2,406,800‌
20,000‌
Enerpac
Tool
Group
Corp.
..........................
717,200‌
37,100‌
Enpro
Inc.
..................................................
13,984,103‌
103,500‌
Greif
Inc.,
Cl. A
...........................................
7,709,715‌
93,500‌
Greif
Inc.,
Cl. B
...........................................
8,745,990‌
155,000‌
Griffon
Corp.
..............................................
15,117,150‌
35,000‌
Hyster-Yale
Inc.
..........................................
1,227,100‌
15,500‌
INNOVATE
Corp.†
......................................
289,385‌
4,000‌
Knife
River
Corp.†
......................................
334,600‌
111,000‌
L.B.
Foster
Co.,
Cl. A†
................................
5,013,870‌
36,500‌
Lincoln
Electric
Holdings
Inc.
.....................
9,691,115‌
30,000‌
Lindsay
Corp.
.............................................
3,714,000‌
500‌
LSB
Industries
Inc.†
..................................
5,405‌
51,000‌
Matthews
International
Corp.,
Cl. A
............
1,372,920‌
910,000‌
Myers
Industries
Inc.
.................................
32,132,100‌
Shares
Market
Value
137,200‌
Oil-
Dri
Corp.
of
America
.............................
$
14,023,212‌
326,701‌
Park-Ohio
Holdings
Corp.
..........................
12,561,653‌
12,500‌
Pentair
plc
..................................................
958,250‌
13,400‌
Roper
Technologies
Inc.
.............................
4,534,426‌
53,200‌
Sonoco
Products
Co.
.................................
2,997,820‌
43,500‌
Standex
International
Corp.
........................
15,558,645‌
7,000‌
Terex
Corp.
.................................................
506,730‌
215,000‌
Trinity
Industries
Inc.
.................................
7,434,700‌
234,876,344‌
Electronics
 —
3.2%
100,500‌
Badger
Meter
Inc.
......................................
14,912,190‌
59,700‌
Bel
Fuse
Inc.,
Cl. A
.....................................
17,386,431‌
365,000‌
CTS
Corp.
...................................................
23,794,350‌
57,000‌
Daktronics
Inc.†
.........................................
1,114,920‌
120,000‌
Gentex
Corp.
..............................................
3,032,400‌
20,000‌
IMAX
Corp.†
..............................................
797,200‌
18,400‌
Napco
Security
Technologies
Inc.
..............
698,832‌
59,000‌
Stoneridge
Inc.†
.........................................
431,880‌
62,168,203‌
Energy
and
Utilities
 —
2.8%
32,000‌
APA
Corp.
..................................................
1,042,240‌
14,000‌
Avista
Corp.
................................................
572,740‌
10,000‌
Cadiz
Inc.†
.................................................
41,800‌
9,800‌
Chesapeake
Utilities
Corp.
..........................
1,200,304‌
35,000‌
CMS
Energy
Corp.
......................................
2,677,500‌
20,000‌
Consolidated
Water
Co.
Ltd.
.......................
590,000‌
35,100‌
Diamondback
Energy
Inc.
..........................
6,169,878‌
74,000‌
Energy
Recovery
Inc.†
...............................
667,480‌
325,000‌
Energy
Transfer
LP
.....................................
6,214,000‌
8,000‌
H2O
America
..............................................
486,160‌
20,000‌
Hawaiian
Electric
Industries
Inc.†
..............
270,600‌
108,000‌
Innovex
International
Inc.†
........................
2,678,400‌
30,000‌
Landis+Gyr
Group
AG
................................
1,607,673‌
19,000‌
Marathon
Petroleum
Corp.
.........................
4,857,730‌
3,500‌
Middlesex
Water
Co.
..................................
196,560‌
3,000‌
National
Fuel
Gas
Co.
.................................
231,630‌
120,000‌
Navigator
Holdings
Ltd.
.............................
2,235,600‌
73,000‌
Northwest
Natural
Holding
Co.
...................
3,581,380‌
21,500‌
Northwestern
Energy
Group
Inc.
................
1,539,830‌
9,100‌
Otter
Tail
Corp.
...........................................
818,818‌
43,000‌
RGC
Resources
Inc.
...................................
1,027,700‌
1,680,000‌
RPC
Inc.
.....................................................
9,794,400‌
26,500‌
Southwest
Gas
Holdings
Inc.
.....................
2,350,020‌
5,400‌
Spire
Inc.
...................................................
421,686‌
31,000‌
The
York
Water
Co.
....................................
950,150‌
50,000‌
Vestas
Wind
Systems
A/S
..........................
1,410,959‌
60,000‌
XPLR
Infrastructure
LP†
............................
708,600‌
54,343,838‌
Entertainment
 —
4.8%
182,232‌
Atlanta
Braves
Holdings
Inc.,
Cl. A†
...........
10,261,484‌
240,000‌
Atlanta
Braves
Holdings
Inc.,
Cl. C†
...........
12,456,000‌
3
The
Gabelli
Small
Cap
Growth
Fund
Schedule
of
Investments
(Continued)
—
June
30
,
2026
(Unaudited)
Shares
Market
Value
COMMON
STOCKS
(Continued)
Entertainment
(Continued)
46,000‌
Entravision
Communications
Corp.,
Cl. A
..
$
599,840‌
16,856‌
Liberty
Live
Holdings
Inc.,
Cl. A†
...............
1,706,839‌
9,768‌
Liberty
Live
Holdings
Inc.,
Cl. C†
...............
1,031,891‌
20,000‌
Liberty
Media
Corp.-Liberty
Formula
One,
Cl. A†
......................................................
1,750,800‌
27,000‌
Liberty
Media
Corp.-Liberty
Formula
One,
Cl. C†
......................................................
2,568,780‌
572,600‌
Lionsgate
Studios
Corp.†
...........................
8,766,506‌
38,000‌
Madison
Square
Garden
Sports
Corp.†
......
15,269,920‌
150,000‌
Manchester
United
plc,
Cl. A†
....................
3,439,500‌
50,000‌
Reading
International
Inc.,
Cl. A†
...............
64,000‌
7,000‌
Reading
International
Inc.,
Cl. B†
...............
60,270‌
236,000‌
Sinclair
Inc.
................................................
3,363,000‌
90,000‌
Sphere
Entertainment
Co.†
........................
15,572,700‌
42,000‌
Starz
Entertainment
Corp.†
........................
1,212,120‌
7,800‌
Take-Two
Interactive
Software
Inc.†
..........
1,949,844‌
164,000‌
The
Marcus
Corp.
.......................................
3,847,440‌
3,500‌
The
Walt
Disney
Co.
...................................
336,875‌
42,400‌
TKO
Group
Holdings
Inc.
...........................
8,535,544‌
35,000‌
Universal
Entertainment
Corp.†
.................
135,613‌
92,928,966‌
Environmental
Services
 —
0.6%
11,000‌
Gentherm
Inc.†
..........................................
375,210‌
56,000‌
Republic
Services
Inc.
...............................
11,932,480‌
12,307,690‌
Equipment
and
Supplies
 —
20.5%
17,200‌
A.O.
Smith
Corp.
........................................
1,078,784‌
310,000‌
AMETEK
Inc.
..............................................
75,001,400‌
41,000‌
Ardagh
Metal
Packaging
SA
.......................
194,340‌
50,000‌
AZZ
Inc.
.....................................................
7,752,500‌
9,200‌
Chart
Industries
Inc.†
................................
1,922,248‌
89,500‌
Crown
Holdings
Inc.
..................................
10,007,890‌
99,500‌
Donaldson
Co.
Inc.
.....................................
8,932,115‌
156,000‌
Federal
Signal
Corp.
...................................
20,044,440‌
232,500‌
Flowserve
Corp.
.........................................
17,242,200‌
150,000‌
Franklin
Electric
Co.
Inc.
............................
16,078,500‌
400,000‌
Graco
Inc.
..................................................
30,244,000‌
30,500‌
IDEX
Corp.
.................................................
6,921,975‌
125,000‌
Interpump
Group
SpA
................................
4,830,342‌
6,200‌
Littelfuse
Inc.
.............................................
2,823,046‌
110,000‌
Maezawa
Kyuso
Industries
Co.
Ltd.
...........
1,012,085‌
6,000‌
MSA
Safety
Inc.
.........................................
1,047,480‌
500,000‌
Mueller
Industries
Inc.
...............................
61,465,000‌
228,200‌
Mueller
Water
Products
Inc.,
Cl. A
.............
5,894,406‌
166,000‌
Tennant
Co.
................................................
14,531,640‌
701,000‌
The
Gorman-Rupp
Co.
...............................
64,309,740‌
82,200‌
The
Greenbrier
Companies
Inc.
..................
4,028,622‌
50,500‌
The
Manitowoc
Co.
Inc.†
...........................
701,445‌
50,000‌
The
Middleby
Corp.†
..................................
8,600,500‌
Shares
Market
Value
36,000‌
The
Timken
Co.
..........................................
$
5,231,520‌
30,500‌
The
Toro
Co.
...............................................
2,971,310‌
4,400‌
Valmont
Industries
Inc.
..............................
2,541,440‌
7,800‌
Watsco
Inc.,
Cl. B
.......................................
3,309,735‌
39,000‌
Watts
Water
Technologies
Inc.,
Cl. A
.........
15,266,550‌
50,000‌
Xerox
Holdings
Corp.
.................................
156,500‌
394,141,753‌
Financial
Services
 —
3.8%
5,500‌
Ameris
Bancorp
.........................................
496,430‌
32,915‌
Atlantic
Union
Bankshares
Corp.
................
1,392,634‌
2,000‌
Capital
City
Bank
Group
Inc.
......................
98,840‌
12,300‌
Capitol
Federal
Financial
Inc.
......................
104,673‌
20,800‌
Crazy
Woman
Creek
Bancorp
Inc.
..............
727,064‌
37,500‌
Eagle
Bancorp
Inc.
.....................................
1,064,625‌
240‌
Farmers
&
Merchants
Bank
of
Long
Beach
2,157,597‌
66,000‌
FNB
Corp.
...................................................
1,259,280‌
370,000‌
GAM
Holding
AG†
......................................
30,681‌
25,000‌
Hanover
Bancorp
Inc.
................................
583,000‌
2,000‌
HomeTrust
Bancshares
Inc.
.......................
99,780‌
230,000‌
Hope
Bancorp
Inc.
.....................................
3,146,400‌
360,000‌
Huntington
Bancshares
Inc.
.......................
6,382,800‌
450,000‌
KKR
&
Co.
Inc.
...........................................
41,301,000‌
78,000‌
Medallion
Financial
Corp.
...........................
796,380‌
230,000‌
OceanFirst
Financial
Corp.
..........................
4,491,900‌
22,600‌
Pinnacle
Financial
Partners
Inc.
.................
2,279,888‌
11,000‌
PROG
Holdings
Inc.
...................................
512,710‌
11,500‌
Southern
First
Bancshares
Inc.†
................
702,650‌
16,000‌
TFS
Financial
Corp.
....................................
283,520‌
14,500‌
Thomasville
Bancshares
Inc.
......................
1,487,337‌
2,000‌
USCB
Financial
Holdings
Inc.
.....................
40,920‌
210,000‌
Valley
National
Bancorp
.............................
3,076,500‌
34,308‌
Value
Line
Inc.
...........................................
1,388,788‌
10,000‌
Waterloo
Investment
Holdings
Ltd.†(a)
.....
3,500‌
130,000‌
Wright
Investors'
Service
Holdings
Inc.†
...
31,200‌
73,940,097‌
Food
and
Beverage
 —
3.5%
423,000‌
Arca
Continental
SAB
de
CV
.......................
5,058,342‌
14,000‌
BellRing
Brands
Inc.†
................................
181,160‌
76,000‌
Brown-Forman
Corp.,
Cl. A
........................
2,079,360‌
40,000‌
Bull-Dog
Sauce
Co.
Ltd.
.............................
427,811‌
90,000‌
Canada
Packers
Inc.
...................................
1,215,230‌
82,000‌
China
Tontine
Wines
Group
Ltd.†
...............
1,913‌
250,000‌
Crimson
Wine
Group
Ltd.†
........................
1,104,000‌
500,000‌
Dynasty
Fine
Wines
Group
Ltd.
..................
11,730‌
380,000‌
Flowers
Foods
Inc.
.....................................
3,002,000‌
114,000‌
ITO
EN
Ltd.
................................................
2,062,370‌
92,000‌
Iwatsuka
Confectionery
Co.
Ltd.
................
1,731,419‌
18,500‌
John
B
Sanfilippo
&
Son
Inc.
.....................
1,590,815‌
255,000‌
Kameda
Seika
Co.
Ltd.
...............................
1,918,048‌
1,200,000‌
Kikkoman
Corp.
.........................................
12,310,342‌
594,000‌
Maple
Leaf
Foods
Inc.
................................
12,778,382‌
4
The
Gabelli
Small
Cap
Growth
Fund
Schedule
of
Investments
(Continued)
—
June
30
,
2026
(Unaudited)
Shares
Market
Value
COMMON
STOCKS
(Continued)
Food
and
Beverage
(Continued)
12,000‌
MEIJI
Holdings
Co.
Ltd.
.............................
$
279,271‌
496,000‌
Morinaga
Milk
Industry
Co.
Ltd.
................
3,866,540‌
10,500‌
National
Beverage
Corp.†
...........................
327,600‌
130,500‌
Nissin
Foods
Holdings
Co.
Ltd.
..................
2,239,275‌
12,000‌
Post
Holdings
Inc.†
....................................
1,059,120‌
100,000‌
Premier
Foods
plc
......................................
270,861‌
3,500‌
The
Boston
Beer
Co.
Inc.,
Cl. A†
................
619,605‌
40,000‌
The
Hain
Celestial
Group
Inc.†
...................
22,408‌
55,000‌
The
J.M.
Smucker
Co.
................................
6,187,500‌
625,000‌
Tingyi
(Cayman
Islands)
Holding
Corp.
......
779,372‌
33,475‌
Tootsie
Roll
Industries
Inc.
........................
1,323,936‌
370,000‌
Vina
Concha
y
Toro
SA
...............................
345,132‌
950,000‌
Vitasoy
International
Holdings
Ltd.
............
784,919‌
20,000‌
Willamette
Valley
Vineyards
Inc.†
..............
50,200‌
205,000‌
Yakult
Honsha
Co.
Ltd.
...............................
3,462,161‌
67,090,822‌
Food
and
Staples
Retailing
 —
0.1%
53,000‌
United
Natural
Foods
Inc.†
.........................
2,420,510‌
Health
Care
 —
2.5%
5,400‌
Align
Technology
Inc.†
...............................
910,764‌
6,700‌
Bio-Rad
Laboratories
Inc.,
Cl. A†
...............
1,967,187‌
12,500‌
Bruker
Corp.
...............................................
752,250‌
21,000‌
CONMED
Corp.
..........................................
687,330‌
10,000‌
Dentsply
Sirona
Inc.
...................................
106,100‌
50,000‌
Dexcom
Inc.†
.............................................
3,367,500‌
22,500‌
Electromed
Inc.†
........................................
951,750‌
15,000‌
Evolent
Health
Inc.,
Cl. A†
..........................
81,300‌
190,000‌
Globus
Medical
Inc.,
Cl. A†
........................
15,011,900‌
25,600‌
GRAIL
Inc.†
...............................................
1,747,712‌
70,000‌
Henry
Schein
Inc.†
.....................................
5,846,400‌
28,000‌
ICU
Medical
Inc.†
.......................................
4,104,800‌
115,000‌
Neogen
Corp.†
...........................................
1,033,850‌
14,000‌
NeoGenomics
Inc.†
....................................
204,260‌
30,000‌
Neuronetics
Inc.†
.......................................
39,000‌
170,000‌
OPKO
Health
Inc.†
.....................................
255,000‌
96,800‌
Orthofix
Medical
Inc.†
................................
884,752‌
70,000‌
Perrigo
Co.
plc
...........................................
727,300‌
72,000‌
QuidelOrtho
Corp.†
....................................
1,261,080‌
18,000‌
Seikagaku
Corp.
.........................................
79,375‌
22,000‌
STERIS
plc
.................................................
4,632,540‌
19,000‌
Straumann
Holding
AG
..............................
2,501,980‌
3,500‌
Teleflex
Inc.
................................................
443,660‌
38,000‌
United-Guardian
Inc.
..................................
271,320‌
47,869,110‌
Home
Furnishings
 —
0.3%
161,500‌
Bassett
Furniture
Industries
Inc.
................
2,861,780‌
48,800‌
La-Z-Boy
Inc.
.............................................
1,957,856‌
4,819,636‌
Shares
Market
Value
Hotels
and
Gaming
 —
1.2%
23,000‌
Boyd
Gaming
Corp.
....................................
$
2,031,590‌
189,500‌
Canterbury
Park
Holding
Corp.
..................
2,986,520‌
120,000‌
Churchill
Downs
Inc.
..................................
10,756,800‌
120,000‌
Formosa
International
Hotels
Corp.
...........
672,390‌
533,500‌
Full
House
Resorts
Inc.†
............................
1,488,465‌
745,000‌
Genting
Singapore
Ltd.
..............................
351,266‌
100,000‌
Inspired
Entertainment
Inc.†
......................
825,000‌
300,000‌
Ollamani
SAB†
...........................................
1,415,297‌
2,500,000‌
The
Hongkong
&
Shanghai
Hotels
Ltd.†
....
1,676,686‌
13,300‌
Wynn
Resorts
Ltd.
.....................................
1,291,297‌
23,495,311‌
Machinery
 —
2.5%
49,000‌
Aebi
Schmidt
Holding
AG
...........................
614,950‌
310,000‌
Astec
Industries
Inc.
..................................
18,968,900‌
1,400,000‌
CNH
Industrial
NV
......................................
15,722,000‌
99,500‌
Kennametal
Inc.
.........................................
3,487,475‌
4,300‌
Nordson
Corp.
...........................................
1,297,267‌
153,000‌
The
Eastern
Co.
..........................................
4,261,050‌
160,000‌
Twin
Disc
Inc.
.............................................
3,712,000‌
48,063,642‌
Manufactured
Housing
and
Recreational
Vehicles
 —
1.7%
35,000‌
Cavco
Industries
Inc.†
...............................
21,503,300‌
73,000‌
Champion
Homes
Inc.†
..............................
6,432,760‌
75,500‌
Nobility
Homes
Inc.
....................................
2,240,463‌
49,500‌
Winnebago
Industries
Inc.
.........................
1,546,380‌
31,722,903‌
Metals
and
Mining
 —
0.6%
200,000‌
Ampco
-Pittsburgh
Corp.†
..........................
1,730,000‌
45,000‌
Ivanhoe
Mines
Ltd.,
Cl. A†
.........................
352,512‌
22,900‌
Keweenaw
Land
Association
Ltd.†
.............
1,163,091‌
95,000‌
Kinross
Gold
Corp.
.....................................
2,243,900‌
710,000‌
Tredegar
Corp.†
.........................................
5,651,600‌
11,141,103‌
Publishing
 —
0.3%
2,700‌
Graham
Holdings
Co.,
Cl. B
........................
3,081,834‌
4,500‌
John
Wiley
&
Sons
Inc.,
Cl. B
....................
210,555‌
62,900‌
Lee
Enterprises
Inc.†
.................................
563,584‌
34,000‌
News
Corp.,
Cl. A
.......................................
844,220‌
708,000‌
The
E.W.
Scripps
Co.,
Cl. A†
......................
1,961,160‌
6,661,353‌
Real
Estate
 —
3.4%
83,500‌
Capital
Properties
Inc.,
Cl. A
......................
1,217,012‌
47,500‌
Gaming
and
Leisure
Properties
Inc.,
REIT
.
2,115,175‌
19,007‌
Gyrodyne
LLC†
..........................................
118,414‌
17,500‌
Lamar
Advertising
Co.,
Cl. A,
REIT
.............
2,729,650‌
135,500‌
Millrose
Properties
Inc.,
REIT
....................
4,071,775‌
89,200‌
Morguard
Corp.
.........................................
7,825,952‌
30,700‌
Outfront
Media
Inc.,
REIT
..........................
1,005,732‌
5
The
Gabelli
Small
Cap
Growth
Fund
Schedule
of
Investments
(Continued)
—
June
30
,
2026
(Unaudited)
Shares
Market
Value
COMMON
STOCKS
(Continued)
Real
Estate
(Continued)
200,000‌
Ryman
Hospitality
Properties
Inc.,
REIT
....
$
25,710,000‌
25,000‌
Seritage
Growth
Properties,
Cl. A†
.............
65,750‌
123,000‌
Tejon
Ranch
Co.†
.......................................
2,300,100‌
235,000‌
The
St.
Joe
Co.
...........................................
14,718,050‌
300,000‌
Trinity
Place
Holdings
Inc.†
........................
6,150‌
80,000‌
Trinity
Place
Holdings
Inc.,
New
York†(a)
..
0‌
96,514‌
VICI
Properties
Inc.,
REIT
..........................
2,562,447‌
64,446,207‌
Restaurants
 —
1.1%
1,070‌
Biglari
Holdings
Inc.,
Cl. A†
.......................
2,252,007‌
20,000‌
Cracker
Barrel
Old
Country
Store
Inc.
........
1,066,000‌
68,500‌
Krispy
Kreme
Inc.†
....................................
241,805‌
148,200‌
Nathan's
Famous
Inc.
................................
15,057,120‌
60,000‌
Rock
Field
Co.
Ltd.
.....................................
484,886‌
13,000‌
The
Cheesecake
Factory
Inc.
......................
1,034,020‌
20,135,838‌
Retail
 —
5.1%
52,000‌
Advance
Auto
Parts
Inc.
.............................
3,235,440‌
25,000‌
Arko
Corp.
..................................................
200,750‌
90,000‌
AutoNation
Inc.†
........................................
16,721,100‌
294,000‌
Copart
Inc.†
...............................................
8,287,860‌
180,000‌
Ingles
Markets
Inc.,
Cl. A
...........................
15,944,400‌
49,435‌
Lands'
End
Inc.†
........................................
518,079‌
60,500‌
Movado
Group
Inc.
....................................
2,378,255‌
65,000‌
Penske
Automotive
Group
Inc.
...................
11,631,750‌
75,000‌
Pets
at
Home
Group
plc
.............................
176,484‌
451,000‌
Rush
Enterprises
Inc.,
Cl. B
.......................
34,501,500‌
21,900‌
Salvatore
Ferragamo
SpA
†
.........................
272,500‌
93,500‌
Tractor
Supply
Co.
.....................................
2,955,535‌
34,555‌
Village
Super
Market
Inc.,
Cl. A
..................
1,457,530‌
98,281,183‌
Semiconductors
 —
0.6%
38,200‌
Entegris
Inc.
...............................................
6,870,652‌
8,000‌
MKS
Inc.
....................................................
3,558,400‌
30,000‌
Renesas
Electronics
Corp.
.........................
886,928‌
11,315,980‌
Specialty
Chemicals
 —
2.6%
2,400‌
Albemarle
Corp.
.........................................
324,072‌
30,000‌
Arq
Inc.†
....................................................
76,500‌
25,000‌
Ashland
Inc.
...............................................
1,647,250‌
80,000‌
Burnham
Holdings
Inc.,
Cl. A
.....................
1,904,160‌
306,000‌
Core
Molding
Technologies
Inc.†
...............
7,221,600‌
42,000‌
Element
Solutions
Inc.
...............................
2,005,500‌
230,000‌
H.B.
Fuller
Co.
............................................
13,406,700‌
35,400‌
Hawkins
Inc.
..............................................
5,030,340‌
25,000‌
Huntsman
Corp.
.........................................
265,500‌
6,000‌
JSP
Corp.
...................................................
91,922‌
53,700‌
Minerals
Technologies
Inc.
.........................
3,972,189‌
Shares
Market
Value
5,600‌
NewMarket
Corp.
.......................................
$
4,430,944‌
30,000‌
Olin
Corp.
...................................................
594,600‌
8,400‌
Quaker
Chemical
Corp.
..............................
1,334,508‌
10,000‌
Rogers
Corp.†
............................................
1,637,300‌
22,500‌
Sensient
Technologies
Corp.
......................
2,774,025‌
13,000‌
T.
Hasegawa
Co.
Ltd.
..................................
255,051‌
12,500‌
Takasago
International
Corp.
......................
86,026‌
91,200‌
The
General
Chemical
Group
Inc.†(a)
........
0‌
120,000‌
Treatt
plc
....................................................
484,685‌
49,500‌
Valvoline
Inc.†
............................................
1,957,230‌
49,500,102‌
Telecommunications
 —
0.6%
66,000‌
Borussia
Dortmund
GmbH
&
Co.
KGaA
.....
226,235‌
9,000‌
Cogeco
Communications
Inc.
....................
402,073‌
24,000‌
Cogeco
Inc.
................................................
1,048,503‌
3,500‌
IDT
Corp.,
Cl. B
..........................................
203,560‌
3,000‌
Liberty
Capital
Corp.,
Cl. A†
.......................
65,700‌
9,000‌
Liberty
Capital
Corp.,
Cl. C†
.......................
194,040‌
190,000‌
Liberty
Global
Ltd.,
Cl. A†
..........................
2,160,300‌
122,000‌
Liberty
Global
Ltd.,
Cl. C†
..........................
1,342,000‌
70,000‌
Liberty
Latin
America
Ltd.,
Cl. A†
...............
548,800‌
86,000‌
Nuvera
Communications
Inc.†
...................
1,488,041‌
78,000‌
Shenandoah
Telecommunications
Co.
.......
1,176,240‌
42,000‌
Sunrise
Communications
AG,
Cl. A
............
2,089,604‌
10,945,096‌
Transportation
 —
2.5%
265,000‌
GATX
Corp.
................................................
46,955,350‌
165,000‌
Hertz
Global
Holdings
Inc.†
.......................
373,725‌
18,600‌
Irish
Continental
Group
plc
........................
132,190‌
47,461,265‌
Wireless
Telecommunications
 —
0.4%
47,500‌
Array
Digital
Infrastructure
Inc.
..................
1,722,350‌
61,000‌
Gogo
Inc.†
.................................................
189,100‌
82,000‌
Rogers
Communications
Inc.,
Cl. B
...........
2,665,000‌
35,500‌
Telephone
and
Data
Systems
Inc.
..............
1,313,855‌
41,500‌
VEON
Ltd.,
ADR†
.......................................
2,166,715‌
8,057,020‌
TOTAL
COMMON
STOCKS
..................
1,907,994,478‌
CLOSED-END
FUNDS
 —
0.1%
38,500‌
The
Central
Europe,
Russia,
and
Turkey
Fund
Inc.
................................................
791,175‌
99,000‌
The
New
Germany
Fund
Inc.
......................
1,134,540‌
32,229‌
The
European
Equity
Fund
Inc.
..................
354,358‌
TOTAL
CLOSED-END
FUNDS
...............
2,280,073‌
6
The
Gabelli
Small
Cap
Growth
Fund
Schedule
of
Investments
(Continued)
—
June
30
,
2026
(Unaudited)
Shares
Market
Value
PREFERRED
STOCKS
 —
0.1%
Automotive:
Parts
and
Accessories
 —
0.1%
78,000‌
Jungheinrich
AG
........................................
$
2,058,736‌
Telecommunications
 —
0.0%
7,000‌
Liberty
Latin
America
Ltd.,
Ser.
A,
9.000%
151,830‌
TOTAL
PREFERRED
STOCKS
...............
2,210,566‌
WARRANTS
 —
0.0%
Equipment
and
Supplies
 —
0.0%
20,000‌
Xerox
Holdings
Corp.,
expire
02/14/28†
....
5,508‌
Principal
Amount
CONVERTIBLE
CORPORATE
BONDS
 —
0.0%
Cable
 —
0.0%
$
200,000‌
AMC
Global
Media
Inc.,
4.250%,
02/15/29
..................................
213,750‌
U.S.
GOVERNMENT
OBLIGATIONS
 —
0.6%
10,445,000‌
U.S.
Treasury
Bills,
3.646%
to
3.656%††,
09/03/26
to
09/10/26(b)
.........................
10,377,113‌
TOTAL
INVESTMENTS
BEFORE
SECURITIES
SOLD
SHORT
—
100.0%
(Cost
$407,308,765)
..............................
$
1,923,081,488‌
Shares
SECURITIES
SOLD
SHORT
—
(0.1)%
Electronics
—
(0.1)%
4,000‌
Bel
Fuse
Inc.,
Cl. B
.........................
$
1,332,160‌
TOTAL
SECURITIES
SOLD
SHORT
(Proceeds
received
$659,606)(c)
........
$
1,332,160‌
(a)
Security
is
valued
using
significant
unobservable
inputs
and
is
classified
as
Level
3
in
the
fair
value
hierarchy.
(b)
At
June
30,
2026,
$1,000,000
of
the
principal
amount
was
pledged
as
collateral
for
securities
sold
short.
(c)
At
June
30,
2026,
these
proceeds
are
being
held
at
Pershing
LLC.
†
Non-income
producing
security.
††
Represents
annualized
yields
at
dates
of
purchase.
ADR
American
Depositary
Receipt
REIT
Real
Estate
Investment
Trust