Recent Annual Report - Gabelli
Recent Annual Report - Gabelli
Recent Annual Report - Gabelli
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The <strong>Gabelli</strong> Value Fund Inc.<br />
Schedule of Investments — December 31, 2012<br />
Shares<br />
Cost<br />
Market<br />
Value<br />
COMMON STOCKS — 99.7%<br />
Aerospace — 2.8%<br />
122,000 Exelis Inc......................... $ 1,266,524 $ 1,374,940<br />
920,000 Rolls-Royce Holdings plc......... 6,481,183 13,054,469<br />
6,000 The Boeing Co.................... 438,267 452,160<br />
8,185,974 14,881,569<br />
Automotive — 1.0%<br />
54,000 Fiat Industrial SpA ............... 525,492 588,398<br />
174,000 Ford Motor Co.................... 2,213,116 2,253,300<br />
100,000 Navistar International Corp.† ..... 3,119,325 2,177,000<br />
5,857,933 5,018,698<br />
Automotive: Parts and Accessories — 2.2%<br />
8,000 BorgWarner Inc.† ................ 377,764 572,960<br />
38,000 China Yuchai International Ltd. . . . 300,576 599,260<br />
149,000 Genuine Parts Co. ................ 3,878,297 9,473,420<br />
25,000 Tenneco Inc.† .................... 828,780 877,750<br />
5,385,417 11,523,390<br />
Aviation: Parts and Services — 0.8%<br />
111,477 BBA Aviation plc ................. 222,905 403,830<br />
29,000 Curtiss-Wright Corp. ............. 601,942 952,070<br />
296,000 GenCorp Inc.† ................... 2,236,460 2,708,400<br />
3,061,307 4,064,300<br />
Broadcasting — 6.1%<br />
584,000 CBS Corp., Cl. A, Voting .......... 11,452,853 22,180,320<br />
86,000 Liberty Media Corp. - Liberty<br />
Capital, Cl. A† ................. 1,332,427 9,976,860<br />
12,785,280 32,157,180<br />
Business Services — 2.3%<br />
45,000 Ascent Capital Group Inc.,<br />
Cl.A† ......................... 1,175,027 2,787,300<br />
25,000 Blucora Inc.† .................... 377,785 392,750<br />
10,000 Broadridge Financial Solutions<br />
Inc. ........................... 113,116 228,800<br />
65,000 Clear Channel Outdoor Holdings<br />
Inc., Cl. A...................... 105,858 456,300<br />
2,800 Equinix Inc.†..................... 235,426 577,360<br />
49,250 Fidelity National Information<br />
Services Inc. .................. 1,064,884 1,714,392<br />
30,000 Intermec Inc.† ................... 182,856 295,800<br />
115,000 Internap Network Services<br />
Corp.† ........................ 676,769 798,100<br />
27,500 Macquarie Infrastructure Co. LLC. 652,324 1,252,900<br />
5,100 MasterCard Inc., Cl. A ............ 1,107,728 2,505,528<br />
41,000 The Brink’s Co.................... 1,121,870 1,169,730<br />
6,813,643 12,178,960<br />
Cable and Satellite — 13.4%<br />
130,000 Adelphia Communications Corp.,<br />
Cl. A†(a) ...................... 91,925 0<br />
Shares<br />
Cost<br />
Market<br />
Value<br />
130,000 Adelphia Communications Corp.,<br />
Escrow†(a).................... $ 0 $ 0<br />
130,000 Adelphia Recovery Trust† ........ 0 520<br />
223,000 AMC Networks Inc., Cl. A†........ 694,019 11,038,500<br />
759,000 Cablevision Systems Corp.,<br />
Cl.A .......................... 1,424,481 11,339,460<br />
130,000 Comcast Corp., Cl. A, Special..... 2,480,271 4,673,500<br />
247,000 DIRECTV† ....................... 3,415,720 12,389,520<br />
170,000 DISH Network Corp., Cl. A........ 3,136,053 6,188,000<br />
92,000 EchoStar Corp., Cl. A†............ 2,334,643 3,148,240<br />
140,000 Liberty Global Inc., Cl. A† ........ 2,522,198 8,818,600<br />
170,000 Rogers Communications Inc.,<br />
Cl.B .......................... 543,603 7,738,400<br />
90,000 Scripps Networks Interactive Inc.,<br />
Cl.A .......................... 2,946,856 5,212,800<br />
19,589,769 70,547,540<br />
Communications Equipment — 0.3%<br />
50,000 Corning Inc. ..................... 608,170 631,000<br />
22,000 Loral Space & Communications<br />
Inc. ........................... 849,588 1,202,520<br />
1,457,758 1,833,520<br />
Computer Software and Services — 0.8%<br />
65,000 EarthLink Inc. .................... 465,473 419,900<br />
32,000 eBay Inc.† ....................... 790,098 1,632,640<br />
45,000 RealD Inc.† ...................... 484,367 504,450<br />
75,000 Yahoo! Inc.† ..................... 1,251,039 1,492,500<br />
2,990,977 4,049,490<br />
Consumer Products — 5.0%<br />
16,000 Avon Products Inc................ 285,884 229,760<br />
26,000 Blyth Inc. ........................ 652,645 404,300<br />
55,000 Energizer Holdings Inc............ 1,336,532 4,398,900<br />
566 Givaudan SA ..................... 161,059 595,920<br />
200 National Presto Industries Inc..... 5,966 13,820<br />
610,000 Swedish Match AB ............... 9,321,932 20,467,312<br />
1,000 The Estee Lauder Companies Inc.,<br />
Cl.A .......................... 33,385 59,860<br />
11,797,403 26,169,872<br />
Consumer Services — 2.6%<br />
19,000 Coinstar Inc.†.................... 872,504 988,190<br />
238,000 Liberty Interactive Corp., Cl. A†. . . 3,309,709 4,683,840<br />
18,219 Liberty Ventures, Cl. A† .......... 619,100 1,234,519<br />
202,000 Rollins Inc. ...................... 662,012 4,452,080<br />
52,500 The ADT Corp. ................... 1,340,066 2,440,725<br />
6,803,391 13,799,354<br />
Diversified Industrial — 5.9%<br />
41,000 Ampco-Pittsburgh Corp........... 205,014 819,180<br />
125,000 Crane Co. ........................ 3,271,960 5,785,000<br />
5,000 Eaton Corp. plc .................. 259,545 271,017<br />
See accompanying notes to financial statements.<br />
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