Must-know positions traded by GAMCO Investors in 3Q14

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GAMCO adds positions, acquires stakes

At the end of October, GAMCO Investors filed its 13F for the third quarter. This series will highlight some of the top positions traded by the company during 3Q14, which ended in September.

GAMCO 3Q

In 3Q14, the fund added new positions in Weatherford International (WFT), TRW Automotive Holdings Corp. (TRW), and Liberty Media Corporation Class C (LMCK). GAMCO also acquired stakes in Concur Technologies Inc. (CNQR), Sigma-Aldrich Corporation (SIAL), and Bally Technologies Inc. (BYI), all of which are currently involved in merger and acquisition transactions.

GAMCO increases key holdings

The fund added to its positions in Sony Corp. ADR (SNE), the Interpublic Group of Companies (IPG), and Chemtura Corporation (CHMT). The top ten holdings are outlined below.

GAMCO top 10

In 2Q14, GAMCO’s US long portfolio value fell to $18.5 billion from $19.11 billion. The portfolio comprised 883 stocks.

Company overview

Activist investor Mario Gabelli founded GAMCO in 1976. Today, the publicly traded company manages over $46.9 billion in assets. Through its subsidiaries, GAMCO oversees private advisory accounts (GAMCO Asset Management, Inc.), mutual funds and closed-end funds (Gabelli Funds, LLC), and partnerships and offshore funds (Gabelli Securities Inc.).

The next part of this series will highlight GAMCO’s new position in Weatherford International.

 

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