Mario Gabelli Stock Portfolio: 5 Top Stock Picks

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

Number of Hedge Fund Holders: 24  

Mueller Industries, Inc. (NYSE:MLI) markets copper, brass, aluminum, and plastic products. In the filings for the third quarter of 2023, the fund detailed that it owned 3.9 million shares of the company worth $149 million, representing 1.73% of the portfolio. 

In late October, Mueller Industries, Inc. (NYSE:MLI) posted earnings for the third quarter of 2023, reporting earnings per share of $1.17. The revenue over the period was $819 million, down more than 13% compared to the revenue over the same period last year. 

At the end of the second quarter of 2023, 24 hedge funds in the database of Insider Monkey held stakes worth $397 million in Mueller Industries, Inc. (NYSE:MLI), compared to 21 the preceding quarter worth $338 million.