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Hedge Fund - GAMCO Investors

Mario Gabelli Bio, Returns, Net Worth

Billionaire Mario Gabelli’s asset manager GAMCO Investors has beaten the S&P 500 by a little over 2% per year since inception in 1986, and his small cap picks have done even better. No wonder the firm now invests over $30 billion. Mario Gabelli, who was named Morningstar’s Fund Manager of the Year in 1997 and The Institutional Investor’s Money Manager of the Year in 2010, is one of a number of investors who have started with value investing founding fathers Graham and Dodd and added their own twist on that long-standing advice. In Mario Gabelli’s case, it is the insight that an investor can approach a public company from the perspective of an acquirer; some businesses may be worth more in the private market than as publicly traded companies, and so a valuation that looks fair in the markets may be very attractive from a buyer’s perspective. This generally results in a focus on cash flow as opposed to earnings. In the 1980s- the height of the leveraged buyout craze- this was a particularly lucrative investment strategy, but as the recent awards demonstrate Gabelli and GAMCO have continued to be good investors.

Billionaire Mario Gabelli’s asset manager GAMCO Investors has beaten the S&P 500 by a little over 2% per year since inception in 1986, and his small cap picks have done even better. No wonder the firm now invests over $30 billion. Mario Gabelli, who was named Morningstar’s Fund Manager of the Year in 1997 and The Institutional Investor’s Money Manager of the Year in 2010, is one of a number of investors who have started with value investing founding fathers Graham and Dodd and added their own twist on that long-standing advice. In Mario Gabelli’s case, it is the insight that an investor can approach a public company from the perspective of an acquirer; some businesses may be worth more in the private market than as publicly traded companies, and so a valuation that looks fair in the markets may be very attractive from a buyer’s perspective. This generally results in a focus on cash flow as opposed to earnings. In the 1980s- the height of the leveraged buyout craze- this was a particularly lucrative investment strategy, but as the recent awards demonstrate Gabelli and GAMCO have continued to be good investors.

The changing times- and, we’d imagine, GAMCO’s increasing size- have caused the firm to take an interest in other financial engineering techniques that can unlock shareholder value, including spinouts. A number of investors like to invest in spinouts because management of the independent companies can focus more on the core business; in addition, the market may place a high multiple on a new company that had formerly been an overlooked asset. Other techniques might include taking note of movements by activist investors and attempting to determine if they will be able to drive management into increasing shareholder value.

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Mario Gabelli
Fund Profile
Filing Period:
Fund Name: GAMCO Investors
Manager Mario Gabelli
Portfolio Value $15,116,466,000
Change This QTR +1.00%
Fund Holdings Sector Distribution
Filing Period:
Last update:
No. Security Ticker Shares Value (x$1000) Activity % Port
1. BK 6,078,835 $236,163 -2% 1.56%
2. RHP 4,471,409 $226,477 -2% 1.49%
3. HON 1,905,631 $221,663 -4% 1.46%
4. GPC 2,071,914 $209,781 -3% 1.38%
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