Gabelli Funds and its largest holdings
Mario Gabelli said that he is optimistic about the industrial sector under the Trump presidency. He is expecting that increased fiscal stimulus could be an important driver for the industrial sector (XLI).
According to the latest 13F filing, the consumer discretionary (XLY) and the industrial sector remained top sectors for Gabelli Funds as of 1Q17, representing nearly 19.5% and 17.2% of the fund’s holdings, respectively.
According to the latest 13F filing, Gabelli Funds’ top five holdings include National Fuel Gas Company (NFG), Honeywell International (HON), Bank of New York Mellon (BK), Westar Energy (WR), and American Express (AXP), as of March 31, 2017. These stocks represent nearly 1.2%, 0.93%, 0.91%, 0.86%, and 0.84% of Gabelli Funds’ portfolio, respectively, as of 1Q17.
Institutional holdings report
According to the latest institutional holdings report, Vanguard is the largest investor in National Fuel Gas Company with 8 million shares. Gabelli Funds is the fifth largest investor in National Fuel Gas Company with 3.3 million shares. BlackRock (BLK) is the largest investor in Westar Energy with 13.9 million shares. Gabelli Funds is the seventh largest investor in Westar Energy with 2.7 million shares.
In the next part of this series, we’ll analyze why Mario Gabelli is optimistic on multimedia stocks.