Gabelli 787 Fund NPORTP Enterprise Mergers and Acquisitions Fund (Jan 2022 report)

Gabelli

Enterprise

Mergers

and

Acquisitions

Fund

Schedule

Investments

—

January

31,

2022

(Unaudited)

Market

Value

COMMON

STOCKS

—

Aerospace

and

Defense

—

22,000‌

Aerojet

Rocketdyne

Holdings

Inc.

..............

848,980‌

18,000‌

Kaman

Corp.

............................................

719,460‌

3,000‌

L3Harris

Technologies

Inc.

.......................

627,870‌

7,500‌

Meggitt

plc

†

.............................................

75,146‌

500‌

Ultra

Electronics

Holdings

plc

...................

19,501‌

2,290,957‌

Automotive:

Parts

and

Accessories

—

15,000‌

Haldex

†

..............................................

81,718‌

7,800‌

Tenneco

Inc.

Cl. A

†

..................................

81,900‌

10,000‌

Veoneer

Inc.

†

...........................................

352,100‌

515,718‌

Broadcasting

—

4,500‌

Sinclair

Broadcast

Group

Inc.

Cl. A

...........

123,660‌

Building

and

Construction

—

16,000‌

Armstrong

Flooring

Inc.

†

..........................

31,040‌

8,000‌

Carrier

Global

Corp.

..................................

381,440‌

38,000‌

Griffon

Corp.

............................................

850,820‌

2,000‌

Hinokiya

Group

Co.

Ltd.

............................

35,141‌

1,700‌

Lennar

Corp.

Cl. B

...................................

137,241‌

11,110‌

Nobility

Homes

Inc.

..................................

355,520‌

8,000‌

Skyline

Champion

Corp.

†

.........................

538,720‌

11,000‌

Vulcan

Materials

Co.

.................................

2,093,410‌

4,423,332‌

Business

Services

—

10,000‌

Bottomline

Technologies

Inc.

†

.............

563,900‌

285,000‌

Clear

Channel

Outdoor

Holdings

Inc.

†

.......

872,100‌

75,000‌

Dawson

Geophysical

Co.

†

........................

175,500‌

2,000‌

eWork

Group

......................................

25,137‌

1,500‌

IHS

Markit

Ltd.

.........................................

175,185‌

2,000‌

Stagwell

Inc.

†

..........................................

14,940‌

500‌

Zynga

Inc.

Cl. A

†

.....................................

4,535‌

1,831,297‌

Cable

and

Satellite

—

26,000‌

DISH

Network

Corp.

Cl. A

†

......................

816,400‌

3,500‌

Liberty

Broadband

Corp.

Cl. A

†

................

512,225‌

3,500‌

Liberty

Broadband

Corp.

Cl. C

†

................

519,435‌

24,000‌

Liberty

Global

plc

Cl. A

†

..........................

650,880‌

3,000‌

Liberty

Media

Corp.-

Liberty

Formula

One

Cl. A

†

...................................................

164,400‌

3,000‌

Liberty

Media

Corp.-

Liberty

Formula

One

Cl. C

†

...................................................

180,690‌

20,000‌

Shaw

Communications

Inc.

Cl. B

.............

596,200‌

2,000‌

Shaw

Communications

Inc.

Cl. B

.............

59,615‌

3,499,845‌

Communications

Equipment

—

20,000‌

Digi

International

Inc.

†

.............................

446,800‌

6,000‌

NeoPhotonics

Corp.

†

................................

92,160‌

Market

Value

1,000‌

Nuance

Communications

Inc.

†

.................

55,250‌

594,210‌

Computer

Software

and

Services

—

1,200‌

Activision

Blizzard

Inc.

..............................

94,812‌

8,000‌

Aspen

Technology

Inc.

†

............................

1,201,280‌

40,000‌

Avast

plc

(a)

..............................................

329,877‌

15,000‌

Blue

Prism

Group

plc

†

..............................

254,791‌

12,500‌

Castlight

Health

Inc.

Cl. B

†

.......................

25,500‌

2,500‌

Cerner

Corp.

............................................

228,000‌

9,000‌

Change

Healthcare

Inc.

†

...........................

177,120‌

1,000‌

Citrix

Systems

Inc.

...................................

101,940‌

5,000‌

Fiserv

Inc.

†

..............................................

528,500‌

38,000‌

McAfee

Corp.

Cl. A

..................................

974,700‌

12,500‌

Mimecast

Ltd.

†

........................................

996,375‌

50,000‌

PAE

Inc.

†

.................................................

500,500‌

6,000‌

Playtech

plc

†

............................................

47,126‌

1,000‌

Rockwell

Automation

Inc.

.........................

289,220‌

1,321‌

VMware

Inc.

Cl. A

....................................

169,722‌

5,919,463‌

Consumer

Products

—

1,000‌

Accell

Group

†

.....................................

64,823‌

5,000‌

Bang

Olufsen

A/S

†

................................

17,349‌

20,000‌

Verso

Corp.

Cl. A

.....................................

537,600‌

619,772‌

Consumer

Services

—

3,000‌

Entain

plc

†

...............................................

64,192‌

13,000‌

Iveco

Group

†

......................................

138,308‌

38,000‌

MoneyGram

International

Inc.

†

.................

333,260‌

2,000‌

Rollins

Inc.

...............................................

61,700‌

20,000‌

Terminix

Global

Holdings

Inc.

†

.................

862,800‌

1,460,260‌

Containers

and

Packaging

—

5,000‌

Ardagh

Group

.....................................

120,375‌

4,500‌

Greif

Inc.

Cl. A

.........................................

266,220‌

1,000‌

Greif

Inc.

Cl. B

.........................................

59,400‌

445,995‌

Diversified

Industrial

—

3,000‌

Akka

Technologies

†

..................................

163,462‌

1,000‌

Coherent

Inc.

†

.........................................

258,480‌

2,500‌

Forterra

Inc.

†

...........................................

58,675‌

8,000‌

Hexcel

Corp.

†

...........................................

417,360‌

160,000‌

Myers

Industries

Inc.

................................

2,891,200‌

20,000‌

SPX

FLOW

Inc.

.........................................

1,724,000‌

5,513,177‌

Energy

and

Utilities

—

6,000‌

Alerion

Cleanpower

SpA

...........................

181,999‌

133,333‌

Alvopetro

Energy

Ltd.

...............................

466,768‌

1,000‌

Avangrid

Inc.

............................................

46,720‌

10,000‌

Avista

Corp.

.............................................

444,600‌

35,000‌

Endesa

................................................

780,320‌

Gabelli

Enterprise

Mergers

and

Acquisitions

Fund

Schedule

Investments

(Continued)

—

January

31,

2022

(Unaudited)

Market

Value

COMMON

STOCKS

(Continued)

Energy

and

Utilities

(Continued)

7,087‌

Energy

Transfer

...................................

67,823‌

1,000‌

Etablissements

Maurel

Prom

†

.........

2,949‌

160,000‌

Gulf

Coast

Ultra

Deep

Royalty

Trust

...........

4,624‌

4,800‌

Iberdrola

.............................................

54,789‌

4,000‌

KLX

Energy

Services

Holdings

Inc.

†

..........

19,960‌

8,000‌

NorthWestern

Corp.

..................................

464,960‌

43,000‌

PNM

Resources

Inc.

.................................

1,926,830‌

1,000‌

Portland

General

Electric

Co.

.....................

52,540‌

27,000‌

Severn

Trent

plc

.......................................

1,043,252‌

1,000‌

Southwest

Gas

Holdings

Inc.

....................

68,180‌

9,500‌

UGI

Corp.

.................................................

430,825‌

16,000‌

Vivo

Energy

plc

(a)

....................................

28,490‌

6,085,629‌

Entertainment

—

3,600‌

Discovery

Inc.

Cl. A

†

...............................

100,476‌

10,000‌

Discovery

Inc.

Cl. C

†

...............................

273,500‌

43,000‌

Fox

Corp.

Cl. B

........................................

1,598,740‌

20,000‌

Liberty

Media

Corp.-

Liberty

Braves

Cl. A

†

561,000‌

2,533,716‌

Financial

Services

—

16,000‌

Aareal

Bank

†

.......................................

515,888‌

8,000‌

American

National

Group

Inc.

...................

1,510,320‌

5,000‌

Atlantic

Capital

Bancshares

Inc.

†

..............

150,600‌

2,800‌

Brookfield

Asset

Management

Inc.

Cl. A

...

154,280‌

17,500‌

Cadence

Bank

..........................................

545,475‌

3,000‌

Cerved

Group

SpA

†

..................................

34,378‌

6,000‌

Fanhua

Inc.

ADR

.....................................

41,580‌

19,000‌

Independence

Holding

Co.

........................

1,082,050‌

10,000‌

Intertrust

†

(a)

......................................

217,275‌

45,500‌

Macquarie

Infrastructure

Holdings

LLC

.....

164,255‌

30,000‌

Navient

Corp.

...........................................

522,900‌

30,000‌

State

Auto

Financial

Corp.

.........................

1,551,000‌

16,000‌

Sterling

Bancorp

......................................

420,640‌

8,500‌

Synovus

Financial

Corp.

...........................

422,960‌

400‌

Topdanmark

........................................

22,842‌

1,500‌

Willis

Towers

Watson

plc

..........................

350,940‌

7,707,383‌

Food

and

Beverage

—

6,000‌

Campbell

Soup

Co.

...................................

264,720‌

4,500‌

Flowers

Foods

Inc.

...................................

126,585‌

12,000‌

GrainCorp

Ltd.

Cl. A

.................................

61,768‌

10,000‌

Primo

Water

Corp.

....................................

167,000‌

3,700‌

Sanderson

Farms

Inc.

...............................

680,800‌

14,000‌

United

Malt

Group

Ltd.

.............................

41,179‌

1,342,052‌

Health

Care

—

2,500‌

Apria

Inc.

†

...............................................

93,525‌

8,000‌

Arena

Pharmaceuticals

Inc.

†

.....................

735,840‌

Market

Value

2,000‌

AstraZeneca

plc

ADR

...............................

116,420‌

1,200‌

Bio-Rad

Laboratories

Inc.

Cl. A

†

..............

719,676‌

8,810‌

Bioventus

Inc.

Cl. A

†

...............................

114,794‌

7,000‌

Grifols

ADR

........................................

82,180‌

100‌

ICU

Medical

Inc.

†

.....................................

21,336‌

11,000‌

Idorsia

Ltd.

†

............................................

254,746‌

1,000‌

Illumina

Inc.

†

...........................................

348,820‌

18,000‌

Intersect

ENT

Inc.

†

...................................

493,200‌

3,000‌

Ortho

Clinical

Diagnostics

Holdings

plc

†

...

52,080‌

8,000‌

Perrigo

Co.

plc

.........................................

304,560‌

6,000‌

QIAGEN

†

............................................

296,940‌

50,000‌

Viatris

Inc.

...............................................

748,500‌

5,000‌

Vifor

Pharma

......................................

883,289‌

500‌

Zogenix

Inc.

†

...........................................

13,005‌

5,278,911‌

Hotels

and

Gaming

—

400‌

Churchill

Downs

Inc.

................................

84,120‌

5,500‌

Ryman

Hospitality

Properties

Inc.

REIT

†

486,200‌

570,320‌

Machinery

—

25,000‌

CFT

SpA

†

.................................................

129,197‌

5,000‌

CIRCOR

International

Inc.

†

.......................

138,850‌

35,000‌

CNH

Industrial

....................................

524,342‌

30,000‌

CNH

Industrial

NV,

Borsa

Italiana

..............

453,900‌

10,000‌

Neles

Oyj

.................................................

139,420‌

4,000‌

Otis

Worldwide

Corp.

...............................

341,720‌

60,000‌

Welbilt

Inc.

†

.............................................

1,425,000‌

25,000‌

Zardoya

Otis

.......................................

198,008‌

3,350,437‌

Materials

—

10,000‌

Rogers

Corp.

†

..........................................

2,729,500‌

Media

—

49,000‌

Telenet

Group

Holding

.........................

1,877,173‌

40,000‌

The

E.W.

Scripps

Co.

Cl. A

†

.....................

820,000‌

2,697,173‌

Metals

and

Mining

—

38,000‌

Alamos

Gold

Inc.

Cl. A

.............................

259,540‌

10,000‌

Great

Bear

Resources

Ltd.

†

......................

222,869‌

15,000‌

Pan

American

Silver

Corp.,

Toronto

...........

324,627‌

50,000‌

Sierra

Metals

Inc.

.....................................

65,000‌

872,036‌

Publishing

—

1,500‌

Lee

Enterprises

Inc.

†

................................

54,900‌

Real

Estate

—

10,000‌

alstria

office

REIT-AG

................................

218,623‌

5,000‌

Bluerock

Residential

Growth

REIT

Inc.

......

132,750‌

8,000‌

Cominar

Real

Estate

Investment

Trust

REIT

.....................................................

73,571‌

5,000‌

Corem

Property

Group

Cl. B

...............

14,317‌

Gabelli

Enterprise

Mergers

and

Acquisitions

Fund

Schedule

Investments

(Continued)

—

January

31,

2022

(Unaudited)

Market

Value

COMMON

STOCKS

(Continued)

Real

Estate

(Continued)

25,000‌

CorePoint

Lodging

Inc.

REIT

†

..................

392,750‌

33,200‌

CyrusOne

Inc.

REIT

.................................

2,983,020‌

1,000‌

Monmouth

Real

Estate

Investment

Corp.

REIT

.....................................................

20,990‌

1,000‌

IMMO

..............................................

25,559‌

37,629‌

Trinity

Place

Holdings

Inc.

†

......................

67,732‌

3,929,312‌

Retail

—

30,804‌

Del

Taco

Restaurants

Inc.

.........................

384,126‌

7,500‌

Marshall

Motor

Holdings

plc

.....................

40,044‌

4,000‌

SpartanNash

Co.

......................................

98,280‌

60,000‌

Sportsman's

Warehouse

Holdings

Inc.

†

....

657,600‌

29,000‌

Village

Super

Market

Inc.

Cl. A

.................

662,650‌

1,842,700‌

Semiconductors

—

8,500‌

CMC

Materials

Inc.

...................................

1,537,480‌

1,600‌

Siltronic

..............................................

208,512‌

2,600‌

Siltronic

AG,

Germany

†

............................

339,125‌

6,000‌

Vocera

Communications

Inc.

†

..................

474,060‌

4,500‌

Xilinx

Inc.

.................................................

870,975‌

3,430,152‌

Specialty

Chemicals

—

10,000‌

Atotech

Ltd.

†

...........................................

244,300‌

33,000‌

Ferro

Corp.

†

.............................................

719,400‌

12,000‌

GCP

Applied

Technologies

Inc.

†

................

382,800‌

1,000‌

Hexion

Holdings

Corp.

Cl. B

†

...................

28,500‌

30,000‌

Kraton

Corp.

†

...........................................

1,391,400‌

15,000‌

SGL

Carbon

†

.......................................

103,301‌

2,869,701‌

Telecommunications

—

100‌

Gilat

Satellite

Networks

Ltd.

......................

757‌

200,000‌

Koninklijke

KPN

..................................

657,668‌

14,000‌

Liberty

Latin

America

Ltd.

Cl. A

†

..............

153,160‌

16,456‌

Liberty

Latin

America

Ltd.

Cl. C

†

..............

177,889‌

8,000‌

Orange

Belgium

..................................

174,180‌

11,000‌

Parrot

†

...............................................

43,500‌

1,000‌

Rogers

Communications

Inc.

Cl. B

...........

50,720‌

20,600‌

Telesat

Corp.

†

..........................................

466,590‌

7,000‌

Telesat

Corp.

†

..........................................

158,550‌

30,000‌

Vonage

Holdings

Corp.

†

...........................

625,200‌

2,508,214‌

Transportation

—

2,375‌

DSV

A/S

...................................................

479,626‌

Wireless

Communications

—

70,000‌

Lumen

Technologies

Inc.

..........................

865,200‌

34,000‌

Millicom

International

Cellular

SDR

†

...

903,531‌

380,321‌

NII

Holdings

Inc.,

Escrow

†

.......................

114,096‌

6,500‌

Telephone

and

Data

Systems

Inc.

..............

128,700‌

Market

Value

22,000‌

United

States

Cellular

Corp.

†

....................

673,640‌

2,685,167‌

TOTAL

COMMON

STOCKS

........................

78,204,615‌

CLOSED-END

FUNDS

—

30,000‌

Altaba

Inc.,

Escrow

†

.................................

178,500‌

RIGHTS

—

Health

Care

—

45,000‌

Achillion

Pharmaceuticals

Inc.

CVR

†

........

22,500‌

52,000‌

Adamas

Pharmaceuticals

Inc.

CVR

†

.........

2,600‌

52,000‌

Adamas

Pharmaceuticals

Inc.

CVR

†

.........

2,600‌

1,000‌

Alder

BioPharmaceuticals

Inc.

–

Lundbeck

A/S

CVR

†

.............................

2,000‌

13,000‌

Ambit

Biosciences

Corp.

CVR

†

(b)

............

21,970‌

5,000‌

Flexion

Therapeutics

Inc.

CVR

†

................

3,400‌

75,000‌

Innocoll

CVR

†

(b)

.....................................

0‌

14,000‌

Ipsen

SA/Clementia

CVR

†

(b)

...................

0‌

11,000‌

Ocera

Therapeutics

CVR

†

(b)

....................

1,870‌

2,000‌

Prevail

Therapeutics

Inc.

CVR

†

(b)

............

1,000‌

156,000‌

Teva

Pharmaceutical

Industries

Ltd.

CCCP

expire

02/20/23

†

(b)

..............................

0‌

7,000‌

Tobira

Therapeutics

Inc.

CVR

†

(b)

.............

0‌

57,940‌

Media

—

0.0

40,000‌

Media

General

Inc.

CVR

†

(b)

.....................

0‌

Metals

and

Mining

—

400,000‌

Pan

American

Silver

Corp.

CVR

†

..............

284,000‌

TOTAL

RIGHTS

.........................................

341,940‌

WARRANTS

—

0.0

Business

Services

—

0.0

6‌

Internap

Corp.

expire

05/08/24

†

..............

3,912‌

Principal

Amount

U.S.

GOVERNMENT

OBLIGATIONS

—

9,385,000‌

U.S.

Treasury

Bills,

0.045

0.190

††

03/03/22

06/16/22

(c)

........................

9,381,995‌

TOTAL

INVESTMENTS

BEFORE

SECURITIES

SOLD

SHORT

—

100.0%

(Cost

82,407,577

)

...............................

88,110,962‌

Gabelli

Enterprise

Mergers

and

Acquisitions

Fund

Schedule

Investments

(Continued)

—

January

31,

2022

(Unaudited)

Market

Value

SECURITIES

SOLD

SHORT

—

(

)

Building

and

Construction

—

(0.0)

200‌

Lennar

Corp.

Cl. A

.........................

19,222‌

Financial

Services

—

(

)

250‌

S&P

Global

Inc.

............................

103,805‌

Health

Care

—

(0.0)

100‌

Quidel

Corp.

...............................

10,336‌

Semiconductors

—

(

)

4,000‌

Advanced

Micro

Devices

Inc.

..............

457,000‌

700‌

II-VI

Inc.

...................................

44,380‌

501,380‌

TOTAL

SECURITIES

SOLD

SHORT

(Proceeds

received

512,342

)

(d)

.......

634,743‌

(a)

Securities

exempt

from

registration

under

Rule

144A

the

Securities

Act

1933,

amended.

These

securities

may

resold

transactions

exempt

from

registration,

normally

qualified

institutional

buyers.

(b)

Security

valued

using

significant

unobservable

inputs

and

classified

Level

the

fair

value

hierarchy.

(c)

January

31,

2022,

$3,600,000

the

principal

amount

was

pledged

collateral

for

securities

sold

short.

(d)

January

31,

2022,

these

proceeds

are

being

held

Pershing

LLC.

†

Non-income

producing

security.

††

Represents

annualized

yields

dates

purchase.

ADR

American

Depositary

Receipt

CCCP

Contingent

Cash

Consideration

Payment

CVR

Contingent

Value

Right

REIT

Real

Estate

Investment

Trust

SDR

Swedish

Depositary

Receipt

Gabelli 787 Fund NPORT-PEnterprise Mergers and Acquisitions Fund (Jan 2022 report)