GABELLI FUNDS LLC
Long book
$14.68B
Q1 2026
Positions
1241
Top-10 weight
13%
concentration
Last quarter
+7.1%
SPY +14.8%
Turnover
15%
of book per quarter
Strategy in plain words
auto-generated from filingsGABELLI FUNDS LLC is a mechanically diversified allocator, running a $14.68B US long book across 1241 positions.
The portfolio is broadly diversified across 1241 positions (top 10 only 13%). Turnover is modest: positions are typically held for years. Current anchor positions: NEWMONT CORP, NVIDIA CORP, NATIONAL FUEL GAS CO, AMETEK INC, MICROSOFT CORP.
Over the last 9 quarters its long book ran on average 0.6pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-0.8%
Q2 2024
+9.2%
Q3 2024
-1.4%
Q4 2024
+0.9%
Q1 2025
+6.9%
Q2 2025
+8.1%
Q3 2025
+2.3%
Q4 2025
+3.0%
Q1 2026
+7.1%
Sector allocation
Industrials 21%
Utilities 16%
Technology 13%
Financials 10%
Services media 8%
Materials 7%
Consumer discretionary 5%
Communications 5%
Long book by quarter
What does GABELLI FUNDS own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NEM NEWMONT CORP | Materials | 2.2M | $238.8M | 1.6% | -1.9% |
| NVDA NVIDIA CORP | Technology | 1.3M | $223.5M | 1.5% | +0.4% |
| NFG NATIONAL FUEL GAS CO | Utilities | 2.3M | $219.1M | 1.5% | -1.0% |
| AME AMETEK INC | Technology | 928.8K | $199.1M | 1.4% | -1.6% |
| MSFT MICROSOFT CORP | Technology | 494.4K | $183.0M | 1.2% | -6.3% |
| NEE NEXTERA ENERGY INC | Utilities | 1.9M | $177.7M | 1.2% | -2.9% |
| MA MASTERCARD INC - A | Services media | 336.3K | $168.0M | 1.1% | -1.9% |
| BNY BANK OF NEW YORK MELLON CORP | Financials | 1.2M | $147.9M | 1.0% | -6.5% |
| GATX GATX CORP | Industrials | 845.5K | $144.4M | 1.0% | -7.5% |
| DE DEERE & CO | Industrials | 246.2K | $138.7M | 0.9% | -2.7% |
| MLI MUELLER INDUSTRIES INC | Industrials | 1.2M | $136.3M | 0.9% | -8.8% |
| AXP AMERICAN EXPRESS CO | Financials | 440.5K | $133.3M | 0.9% | -7.0% |
| AMZN AMAZON.COM INC | Consumer discretionary | 614.9K | $128.1M | 0.9% | -2.9% |
| MSGS MADISON SQUARE GARDEN SPORTS | Services media | 390.9K | $125.6M | 0.9% | -0.9% |
| CR CRANE CO | Industrials | 716.2K | $122.5M | 0.8% | -4.5% |
| RSG REPUBLIC SERVICES INC | Utilities | 548.3K | $120.1M | 0.8% | -3.3% |
| GOOG ALPHABET INC-CL C | Technology | 386.7K | $110.9M | 0.8% | -8.3% |
| XOM EXXON MOBIL CORP | Energy | 634.4K | $107.6M | 0.7% | -12.1% |
| AAPL APPLE INC | Technology | 421.9K | $107.1M | 0.7% | -0.5% |
| GOOGL ALPHABET INC-CL A | Technology | 344.6K | $99.1M | 0.7% | -0.5% |
| KKR KKR & CO INC | Financials | 1.1M | $98.8M | 0.7% | -0.7% |
| META META PLATFORMS INC-CLASS A | Technology | 169.0K | $96.7M | 0.7% | -1.4% |
| LLY ELI LILLY & CO | Healthcare | 104.5K | $96.1M | 0.7% | +0.1% |
| LEN/B LENNAR CORP - B SHS | Industrials | 1.1M | $96.1M | 0.7% | +0.1% |
| ORLY O'REILLY AUTOMOTIVE INC | Consumer discretionary | 1.0M | $95.5M | 0.7% | -1.1% |
| CVX CHEVRON CORP | Energy | 447.0K | $92.5M | 0.6% | -9.0% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 128 | $91.9M | 0.6% | -3.0% |
| GE GENERAL ELECTRIC | Industrials | 310.7K | $88.2M | 0.6% | -5.4% |
| JPM JPMORGAN CHASE & CO | Financials | 297.5K | $87.5M | 0.6% | -10.1% |
| EVRG EVERGY INC | Utilities | 1.0M | $85.3M | 0.6% | -1.6% |
| AVGO BROADCOM INC | Technology | 275.5K | $85.3M | 0.6% | -1.1% |
| TXT TEXTRON INC | Industrials | 972.1K | $85.1M | 0.6% | -1.8% |
| SWX SOUTHWEST GAS HOLDINGS INC | Utilities | 966.1K | $84.0M | 0.6% | -4.8% |
| NFLX NETFLIX INC | Services media | 856.7K | $82.4M | 0.6% | +10.7% |
| FLS FLOWSERVE CORP | Industrials | 1.1M | $80.3M | 0.5% | -3.0% |
| CNH CNH INDUSTRIAL NV | Industrials | 7.1M | $77.9M | 0.5% | +0.3% |
| AEP AMERICAN ELECTRIC POWER | Utilities | 591.9K | $77.6M | 0.5% | -1.6% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 338.8K | $76.6M | 0.5% | +2.2% |
| ITT ITT INC | Industrials | 401.8K | $76.6M | 0.5% | -0.3% |
| OKE ONEOK INC | Utilities | 846.7K | $76.5M | 0.5% | +0.9% |
| CAT CATERPILLAR INC | Industrials | 105.5K | $74.8M | 0.5% | +7.5% |
| GPC GENUINE PARTS CO | Consumer discretionary | 691.7K | $73.1M | 0.5% | -2.4% |
| FCX FREEPORT-MCMORAN INC | Materials | 1.2M | $69.7M | 0.5% | -10.8% |
| WEC WEC ENERGY GROUP INC | Utilities | 585.4K | $67.8M | 0.5% | -0.8% |
| TXN TEXAS INSTRUMENTS INC | Technology | 347.1K | $67.4M | 0.5% | -3.8% |
| COP CONOCOPHILLIPS | Energy | 500.0K | $66.0M | 0.4% | +1.3% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 64.9K | $64.7M | 0.4% | -10.6% |
| CW CURTISS-WRIGHT CORP | Industrials | 94.7K | $64.5M | 0.4% | -6.2% |
| TDS TELEPHONE AND DATA SYSTEMS | Communications | 1.5M | $63.9M | 0.4% | -0.5% |
| GEV GE VERNOVA INC | Industrials | 71.8K | $62.7M | 0.4% | -12.2% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 1264 | $14.81B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 5, 2026 | 1246 | $14.77B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 1243 | $14.77B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 1222 | $14.08B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 1092 | $13.12B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 1094 | $13.32B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 1100 | $13.87B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 1098 | $13.17B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 1109 | $13.57B | canonical | SEC ↗ |
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