The Gabelli Growth Fund
Schedule of Investments — March 31, 2020 (Unaudited)
Shares | Market Value | |||||||
COMMON STOCKS — 99.2% | ||||||||
TECHNOLOGY - COMPUTER SOFTWARE AND SERVICES — 18.5% | ||||||||
73,200 | Adobe Inc.† | $ | 23,295,168 | |||||
29,000 | Autodesk Inc.† | 4,526,900 | ||||||
22,000 | Coupa Software Inc.† | 3,074,060 | ||||||
413,300 | Microsoft Corp. | 65,181,543 | ||||||
16,000 | MSCI Inc. | 4,623,360 | ||||||
17,000 | Rockwell Automation Inc. | 2,565,470 | ||||||
58,800 | ServiceNow Inc.† | 16,850,904 | ||||||
|
| |||||||
120,117,405 | ||||||||
|
| |||||||
HEALTH CARE — 17.6% | ||||||||
272,000 | Bristol-Myers Squibb Co. | 15,161,280 | ||||||
57,800 | Danaher Corp. | 8,000,098 | ||||||
46,600 | Edwards Lifesciences Corp.† | 8,789,692 | ||||||
9,700 | Illumina Inc.† | 2,649,264 | ||||||
6,300 | Intuitive Surgical Inc.† | 3,119,823 | ||||||
74,000 | Medtronic plc | 6,673,320 | ||||||
107,000 | Merck & Co. Inc. | 8,232,580 | ||||||
54,100 | Thermo Fisher Scientific Inc. | 15,342,760 | ||||||
92,300 | UnitedHealth Group Inc. | 23,017,774 | ||||||
198,300 | Zoetis Inc. | 23,337,927 | ||||||
|
| |||||||
114,324,518 | ||||||||
|
| |||||||
CONSUMER DISCRETIONARY - OTHER — 17.4% | ||||||||
22,600 | Amazon.com Inc.† | 44,063,672 | ||||||
35,600 | Costco Wholesale Corp. | 10,150,628 | ||||||
59,800 | McDonald’s Corp. | 9,887,930 | ||||||
27,900 | Netflix Inc.† | 10,476,450 | ||||||
86,000 | NIKE Inc., Cl. B | 7,115,640 | ||||||
65,000 | Starbucks Corp. | 4,273,100 | ||||||
41,200 | The Estee Lauder Companies Inc., Cl. A | 6,564,808 | ||||||
84,300 | The Home Depot Inc. | 15,739,653 | ||||||
10,000 | The Sherwin-Williams Co. | 4,595,200 | ||||||
|
| |||||||
112,867,081 | ||||||||
|
| |||||||
FINANCIAL SERVICES — 16.8% | ||||||||
45,500 | American Tower Corp., REIT | 9,907,625 | ||||||
10,400 | BlackRock Inc. | 4,575,688 | ||||||
71,000 | Crown Castle International Corp., REIT | 10,252,400 | ||||||
94,000 | Fidelity National Information Services Inc. | 11,434,160 | ||||||
104,400 | Fiserv Inc.† | 9,916,956 | ||||||
48,000 | JPMorgan Chase & Co. | 4,321,440 | ||||||
89,300 | Mastercard Inc., Cl. A | 21,571,308 | ||||||
104,700 | PayPal Holdings Inc.† | 10,023,978 | ||||||
90,000 | The Blackstone Group Inc., Cl. A | 4,101,300 | ||||||
80,000 | The Charles Schwab Corp. | 2,689,600 |
Shares | Market Value | |||||||
28,000 | The Goldman Sachs Group Inc. | $ | 4,328,520 | |||||
99,100 | Visa Inc., Cl. A | 15,966,992 | ||||||
|
| |||||||
109,089,967 | ||||||||
|
| |||||||
TECHNOLOGY - COMPUTER TECHNOLOGY, SEMICONDUCTORS, AND COMPONENTS — 12.6% |
| |||||||
183,600 | Apple Inc. | 46,687,644 | ||||||
138,600 | Applied Materials Inc. | 6,350,652 | ||||||
16,200 | ASML Holding NV | 4,238,568 | ||||||
17,000 | Lam Research Corp. | 4,080,000 | ||||||
75,800 | NVIDIA Corp. | 19,980,880 | ||||||
|
| |||||||
81,337,744 | ||||||||
|
| |||||||
TECHNOLOGY - INTERNET — 9.4% | ||||||||
17,100 | Alphabet Inc., Cl. A† | 19,869,345 | ||||||
12,645 | Alphabet Inc., Cl. C† | 14,703,732 | ||||||
157,200 | Facebook Inc., Cl. A† | 26,220,960 | ||||||
|
| |||||||
60,794,037 | ||||||||
|
| |||||||
PRODUCER DURABLES — 2.2% | ||||||||
20,000 | Lockheed Martin Corp. | 6,779,000 | ||||||
8,800 | Roper Technologies Inc. | 2,743,928 | ||||||
32,000 | The Boeing Co. | 4,772,480 | ||||||
|
| |||||||
14,295,408 | ||||||||
|
| |||||||
UTILITIES — 1.7% | ||||||||
46,900 | NextEra Energy Inc. | 11,285,078 | ||||||
|
| |||||||
CONSUMER STAPLES — 1.5% | ||||||||
81,100 | PepsiCo Inc. | 9,740,110 | ||||||
|
| |||||||
CONSUMER DISCRETIONARY - MEDIA — 1.5% | ||||||||
98,700 | The Walt Disney Co. | 9,534,420 | ||||||
|
| |||||||
TOTAL COMMON STOCKS | 643,385,768 | |||||||
|
| |||||||
Principal | ||||||||
U.S. GOVERNMENT OBLIGATIONS — 0.8% | ||||||||
$4,883,000 | U.S. Treasury Bills, | |||||||
0.020% to 1.533%††, | ||||||||
05/07/20 to 09/24/20 | 4,881,892 | |||||||
|
| |||||||
TOTAL INVESTMENTS — 100.0% | $ | 648,267,660 | ||||||
|
|
† | Non-income producing security. |
†† | Represents annualized yields at dates of purchase. |
REIT | Real Estate Investment Trust |
1 |