Insights into Mario Gabelli (Trades, Portfolio)'s Fourth Quarter 2024 13F Filing

Mario Gabelli (Trades, Portfolio) recently submitted the 13F filing for the fourth quarter of 2024, providing insights into his investment moves during this period. Mario J. Gabelli is the Chairman and Chief Executive Officer of GAMCO Investors Inc., the firm he founded in 1977. A 1965 summa cum laude graduate of Fordham University's College of Business Administration, he also holds an M.B.A. from Columbia University Graduate School of Business and honorary doctorates from Fordham University and Roger Williams University. Gabelli serves on the Boards of Boston College, Roger Williams University, Columbia University Graduate School of Business, the American-Italian Cancer Foundation, the Foundation for Italian Art & Culture and is a Trustee of the Winston Churchill Foundation of the United States and of the E.L. Wiegand Foundation. He was Morningstar's Portfolio Manager of the Year in 1997. He was named Money Manager of the Year by Institutional Investor for 2011 and is a member of Barron's All Star Century Team. Gabelli's GAMCO Asset Management is credited by the academic community with establishing the Private Market Value with a Catalyst investment philosophy and applying this to the analysis of public equity securities. The fund's investment approach utilizes fundamental, bottom-up research to identify securities selling below their intrinsic value. GAMCO seeks to identify mispriced companies with strong businesses and the presence of a catalyst that will create value.

Summary of New Buy

Mario Gabelli (Trades, Portfolio) added a total of 51 stocks, among them:

The most significant addition was Revelyst Inc (NYSE:GEAR), with 512,939 shares, accounting for 0.1% of the portfolio and a total value of $9.86 million. The second largest addition to the portfolio was Summit Materials Inc (NYSE:SUM), consisting of 182,800 shares, representing approximately 0.1% of the portfolio, with a total value of $9.25 million. The third largest addition was CompoSecure Inc (NASDAQ:CMPO), with 95,000 shares, accounting for 0.02% of the portfolio and a total value of $1.46 million.

Key Position Increases

Mario Gabelli (Trades, Portfolio) also increased stakes in a total of 217 stocks, among them:

The most notable increase was Broadcom Inc (NASDAQ:AVGO), with an additional 44,691 shares, bringing the total to 53,706 shares. This adjustment represents a significant 495.74% increase in share count, a 0.11% impact on the current portfolio, with a total value of $12.45 million. The second largest increase was The Campbell's Co (NASDAQ:CPB), with an additional 158,246 shares, bringing the total to 839,888. This adjustment represents a significant 23.22% increase in share count, with a total value of $35.17 million.

Story Continues

Summary of Sold Out

Mario Gabelli (Trades, Portfolio) completely exited 47 holdings in the fourth quarter of 2024, as detailed below:

Avangrid Inc (AGR): Mario Gabelli (Trades, Portfolio) sold all 480,325 shares, resulting in a -0.18% impact on the portfolio. Vista Outdoor Inc (VSTO): Mario Gabelli (Trades, Portfolio) liquidated all 337,455 shares, causing a -0.14% impact on the portfolio.

Key Position Reduces

Mario Gabelli (Trades, Portfolio) also reduced positions in 413 stocks. The most significant changes include:

Reduced Herc Holdings Inc (NYSE:HRI) by 304,709 shares, resulting in a -21.37% decrease in shares and a -0.5% impact on the portfolio. The stock traded at an average price of $202.38 during the quarter and has returned -10.92% over the past 3 months and 4.20% year-to-date. Reduced Mueller Industries Inc (NYSE:MLI) by 341,204 shares, resulting in a -11.21% reduction in shares and a -0.26% impact on the portfolio. The stock traded at an average price of $81.43 during the quarter and has returned -10.99% over the past 3 months and 1.80% year-to-date.

Portfolio Overview

At the fourth quarter of 2024, Mario Gabelli (Trades, Portfolio)'s portfolio included 846 stocks, with top holdings including 2.25% in Mueller Industries Inc (NYSE:MLI), 2.22% in Herc Holdings Inc (NYSE:HRI), 2.15% in GATX Corp (NYSE:GATX), 1.89% in Crane Co (NYSE:CR), and 1.6% in American Express Co (NYSE:AXP).

The holdings are mainly concentrated in 11 industries: Industrials, Consumer Cyclical, Communication Services, Financial Services, Technology, Consumer Defensive, Healthcare, Basic Materials, Utilities, Energy, and Real Estate.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

This article first appeared on GuruFocus.

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