Mario Gabelli Stock Picks for 2023: Top 5

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.

4. CNH Industrial N.V. (NYSE:CNHI)

GAMCO Investors’ Q4 2022 Stake: $150 million

Number of Hedge Fund Holders in Q3 2022: 28

CNH Industrial N.V. (NYSE:CNHI) is a British machine and automaker. The firm makes and sells buses, trucks, and construction equipment.

CNH Industrial N.V. (NYSE:CNHI) scored an impressive win in February 2023 when it revealed that it received the highest score in industry and machinery in the S&P’s Global Sustainability Yearbook for 2023. Mr. Gabelli’s hedge fund owned a $150 million stake in the firm in Q4 2022 that came courtesy of 9.3 million shares.

As last year’s third quarter ended, 28 of the 920 hedge funds polled by Insider Monkey had invested in CNH Industrial N.V. (NYSE:CNHI).

CNH Industrial N.V. (NYSE:CNHI)’s largest investor is Natixis Global Asset Management’s Harris Associates which owns 91 million shares that are worth $1.4 billion.

3. Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD)

GAMCO Investors’ Q4 2022 Stake: $163 million

Number of Hedge Fund Holders in Q3 2022: 26

Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) is an engine company that makes powerplants for rockets and hypersonic propulsion vehicles. The firm is based in El Segundo, California.

Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD)’s RS-25 engines are powering America’s return to the Moon, as they are the main liquid fuel engines for NASA’s Space Launch System rocket that conducted a successful Moon mission late last year. By Q3 of 2022 end, 26 of the 920 hedge funds polled by Insider Monkey had bought the company’s shares.

Mario Gabelli’s GAMCO Investors owns 2.9 million Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) shares worth $163 million.

Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD)’s largest hedge fund investor is William Lichtenstein’s Steel Partners which owns 3.5 million shares that are worth $201 million.

2. GATX Corporation (NYSE:GATX)

GAMCO Investors’ Q4 2022 Stake: $163 million

Number of Hedge Fund Holders in Q3 2022: 14

GATX Corporation (NYSE:GATX) is a rail leasing company that leases out equipment such as railcars, tanks, and locomotives. IT is headquartered in Chicago, Illinois.

GATX Corporation (NYSE:GATX)’s fourth quarter results saw the company report $155 million in net income for the full year, marking a $13 million increase. GAMCO Investors’ stake in the firm equaled $163 million as of last year’s fourth quarter and it came through 1.5 million shares. Insider Monkey’s September quarter of 2022 survey revealed that 14 had also bought GATX Corporation (NYSE:GATX)’s shares.

After GAMCO, Israel Englander’s Millennium Management is GATX Corporation (NYSE:GATX)’s largest shareholder. It owns 122,829 shares that are worth $13 million.

1. Herc Holdings Inc. (NYSE:HRI)

GAMCO Investors’ Q4 2022 Stake: $238 million

Number of Hedge Fund Holders in Q3 2022: 25

Herc Holdings Inc. (NYSE:HRI) is a rental firm that provides industrial equipment such as trucks, air compressors, and earthmoving machines.

Herc Holdings Inc. (NYSE:HRI) saw reduced interest from the renowned activist investor Carl Icahn during Q4 2022 as he reduced his take in the firm by 8.1% to 3.7 million shares. During the same time period, Mr. Gabelli’s hedge fund owned 1.8 million Herc Holdings Inc. (NYSE:HRI) shares that were worth $238 million.

In the third quarter of 2022, 25 of the 920 hedge funds polled by Insider Monkey had also owned Herc Holdings Inc. (NYSE:HRI)’s shares.

Despite the reduction, Herc Holdings Inc. (NYSE:HRI)’s largest investor is Carl Icahn’s Icahn Capital LP which owns 3.69 shares that are worth $486 million.

Disclosure: None. You can also take a peek at 12 Biggest Industrial Software Companies in the World and 10 Hot Healthcare Stocks To Buy Now.

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