Mario Gabelli Stock Picks for 2023: Top 5

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In this piece, we will take a look at Mario Gabelli Stock Picks for 2023: Top 5. For more stocks, head on over to Mario Gabelli Stock Picks for 2023: Top 15.

5. Mueller Industries, Inc. (NYSE:MLI)

GAMCO Investors’ Q4 2022 Stake: $144.4 million

Number of Hedge Fund Holders in Q3 2022: 23

Mueller Industries, Inc. (NYSE:MLI) is a fabrication firm that makes plastics, metal piping, and industrial metals. The firm is headquartered in Collierville, Tennessee.

Mueller Industries, Inc. (NYSE:MLI)’s fourth quarter and full year of 2022 saw the firm remain resilient in the face of inflationary headwinds. It reported $3.98 billion in revenue for the full year, a 5.7% annual increase from a year that itself had seen the firm’s revenue jump by a whopping 57% annually. 23 of the 920 hedge funds polled by Insider Monkey during Q3 2022 had bought a stake in the firm.

GAMCO Investors owned 2.4 million Mueller Industries, Inc. (NYSE:MLI) shares that were worth $144.4 million as of December 2022.

After GAMCO, Mueller Industries, Inc. (NYSE:MLI)’s largest investor is Chuck Royce’s Royce & Associates which owns 420,899 shares that are worth $29 million.

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