GAMCO Investors’ chairman and CEO Mario Gabelli bought 49 new stocks in the second quarter of 2013, bringing the GAMCO portfolio to a total 798 stocks, with a total value of $15.9 billion. GAMCO’s quarter-over-quarter turnover is 4%. The portfolio’s top three sector weightings are: technology at 25.4%, consumer cyclical at 18.5% and consumer defensive at 11.3%.
In the second quarter of 2013, Gabelli made numerous sells and reductions, including a major reduction to his own fund, The Gabelli Dividend & Income Trust (GDV, Financial), which reported a net asset value total return of 14.7%, compared with a total return of 10.6% for the S&P 500 Index, for the quarter ended March 31, 2013. The total return for the fund’s publicly traded shares was 18.8%. For the quarter ended June 30, 2013, the company reported for the same fund a net asset value total return of 1.88%, compared with a total return of 2.91% for the S&P 500 Index. The total return for the fund’s publicly traded shares was 3.13%.
Here’s a look at Mario Gabelli’s selling highlights, as of June 30, 2013:
The Gabelli Dividend & Income Trust (GDV): Reduced
Impacts Portfolio: -0.1%
Up 20% over 12 months, The Gabelli Dividend & Income Trust has a market cap of $2.12 billion; its shares were traded at around $19.49. The dividend yield is 7.00%.
Guru Action: As of June 30, 2013, Mario Gabelli reduced his position by 38.83%, selling 808,600 shares at an average price of $19.38, for a gain of 0.6%.
He has averaged a gain of 72% on 20,056 shares bought at an average price of $11.36 per share. On shares sold, he averaged a gain of 22% on 1,391,410 shares sold at an average price of $15.93 per share.
His current shares remaining: 1,273,587.
Tracking historical pricing:
CH Energy Group Inc. (CHG, Financial): Sold Out
Impacts Portfolio: -0.23%
Down 1% since January, CH Energy Group has a market cap of $973.15 million; its shares were traded at around $65.00 with a P/E ratio of 23.30.
Guru Action: As of June 30, 2013, Mario Gabelli sold out his position, selling 556,464 shares at an average price of $64.78, for a gain of 0.3%.
Gabelli’s trading history shows 11 quarters of strong gains until the second quarter of 2012 when the holding began a slide of losses for four quarters:
McMoRan Exploration Co. (MMR, Financial): Sold Out
Impacts Portfolio: -0.14%
Up 5% over 12 months, McMoRan Exploration has a market cap of $2.73 billion; its shares were traded at around $14.10 with a P/B ratio of 2.41.
Guru Action: As of June 30, 2013, Mario Gabelli sold out his position, unloading 1,385,500 shares at an average price of $16.61, for a loss of 15.1%.
Tracking historical pricing:
Kraft Foods Group Inc. (KRFT, Financial): Reduced
Impacts Portfolio: -0.14%
Up 16% over 12 months, Kraft Foods Group has a market cap of $31.25 billion; its shares were traded at around $52.47 with a P/E ratio of 16.70.
Guru Action: As of June 30, 2013, Mario Gabelli reduced his position by 50.12%, selling 423,728 shares at an average price of $53.63, for a loss of 2.7%.
His current shares remaining: 421,735.
He has averaged a gain of 14% on 845,463 shares bought at an average price of $45.64 per share. On shares sold, he averaged a loss of 3% on 423,728 shares sold at an average price of $53.63 per share.
Tracking historical pricing:
Boeing Co. (BA, Financial): Reduced
Impacts Portfolio: -0.12%
Up 43% over 12 months, Boeing Co. has a market cap of $78.66 billion; its shares were traded at around $104.26 with a P/E ratio of 19.10.
Guru Action: As of June 30, 2013, Mario Gabelli reduced his position by 28.88%, selling 221,568 shares at an average price of $95.01, for a gain of 9.6%.
He has averaged a gain of 83% on 1,343,015 shares bought at an average price of $56.86 per share. On shares sold, he averaged a gain of 41% on 1,168,680 shares sold at an average price of $73.80 per share. His current shares remaining: 545,755.
Gabelli’s trading history shows pure gains since the second quarter of 2008:
Cantel Medical Corporation (CMN, Financial): Reduced
Impacts Portfolio: -0.03%
Up 52% over 12 months, Cantel Medical Corporation has a market cap of $1.07 billion; its shares were traded at around $26.05 with a P/E ratio of 27.60.
Guru Action: As of June 30, 2013, Mario Gabelli reduced his position by 55.71%, selling 213,668 shares at an average price of $21.65, for a gain of 20.3%.
He has averaged a gain of 134% on 1,003,257 shares bought at an average price of $11.14 per share. On shares sold, he averaged a gain of 80% on 580,421 shares sold at an average price of $14.47 per share.
His current shares remaining: 281,891.
Another remarkable trading history of pure gains:
Here is the complete portfolio of Mario Gabelli.
Be sure to read more about:
1. Mario Gabelli's Undervalued Stocks
2. Mario Gabelli's Top Growth Companies
3. Mario Gabelli's High Yield stocks
4. Stocks that Mario Gabelli keeps buying
Use the GuruFocus Value Screen to find 52-Week Lows and discover potentially deep value stocks held by billionaire Guru investors.
GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.
If you are not a Premium Member, we invite you for a 7-day Free Trial.
In the second quarter of 2013, Gabelli made numerous sells and reductions, including a major reduction to his own fund, The Gabelli Dividend & Income Trust (GDV, Financial), which reported a net asset value total return of 14.7%, compared with a total return of 10.6% for the S&P 500 Index, for the quarter ended March 31, 2013. The total return for the fund’s publicly traded shares was 18.8%. For the quarter ended June 30, 2013, the company reported for the same fund a net asset value total return of 1.88%, compared with a total return of 2.91% for the S&P 500 Index. The total return for the fund’s publicly traded shares was 3.13%.
Here’s a look at Mario Gabelli’s selling highlights, as of June 30, 2013:
The Gabelli Dividend & Income Trust (GDV): Reduced
Impacts Portfolio: -0.1%
Up 20% over 12 months, The Gabelli Dividend & Income Trust has a market cap of $2.12 billion; its shares were traded at around $19.49. The dividend yield is 7.00%.
Guru Action: As of June 30, 2013, Mario Gabelli reduced his position by 38.83%, selling 808,600 shares at an average price of $19.38, for a gain of 0.6%.
He has averaged a gain of 72% on 20,056 shares bought at an average price of $11.36 per share. On shares sold, he averaged a gain of 22% on 1,391,410 shares sold at an average price of $15.93 per share.
His current shares remaining: 1,273,587.
Tracking historical pricing:
CH Energy Group Inc. (CHG, Financial): Sold Out
Impacts Portfolio: -0.23%
Down 1% since January, CH Energy Group has a market cap of $973.15 million; its shares were traded at around $65.00 with a P/E ratio of 23.30.
Guru Action: As of June 30, 2013, Mario Gabelli sold out his position, selling 556,464 shares at an average price of $64.78, for a gain of 0.3%.
Gabelli’s trading history shows 11 quarters of strong gains until the second quarter of 2012 when the holding began a slide of losses for four quarters:
McMoRan Exploration Co. (MMR, Financial): Sold Out
Impacts Portfolio: -0.14%
Up 5% over 12 months, McMoRan Exploration has a market cap of $2.73 billion; its shares were traded at around $14.10 with a P/B ratio of 2.41.
Guru Action: As of June 30, 2013, Mario Gabelli sold out his position, unloading 1,385,500 shares at an average price of $16.61, for a loss of 15.1%.
Tracking historical pricing:
Kraft Foods Group Inc. (KRFT, Financial): Reduced
Impacts Portfolio: -0.14%
Up 16% over 12 months, Kraft Foods Group has a market cap of $31.25 billion; its shares were traded at around $52.47 with a P/E ratio of 16.70.
Guru Action: As of June 30, 2013, Mario Gabelli reduced his position by 50.12%, selling 423,728 shares at an average price of $53.63, for a loss of 2.7%.
His current shares remaining: 421,735.
He has averaged a gain of 14% on 845,463 shares bought at an average price of $45.64 per share. On shares sold, he averaged a loss of 3% on 423,728 shares sold at an average price of $53.63 per share.
Tracking historical pricing:
Boeing Co. (BA, Financial): Reduced
Impacts Portfolio: -0.12%
Up 43% over 12 months, Boeing Co. has a market cap of $78.66 billion; its shares were traded at around $104.26 with a P/E ratio of 19.10.
Guru Action: As of June 30, 2013, Mario Gabelli reduced his position by 28.88%, selling 221,568 shares at an average price of $95.01, for a gain of 9.6%.
He has averaged a gain of 83% on 1,343,015 shares bought at an average price of $56.86 per share. On shares sold, he averaged a gain of 41% on 1,168,680 shares sold at an average price of $73.80 per share. His current shares remaining: 545,755.
Gabelli’s trading history shows pure gains since the second quarter of 2008:
Cantel Medical Corporation (CMN, Financial): Reduced
Impacts Portfolio: -0.03%
Up 52% over 12 months, Cantel Medical Corporation has a market cap of $1.07 billion; its shares were traded at around $26.05 with a P/E ratio of 27.60.
Guru Action: As of June 30, 2013, Mario Gabelli reduced his position by 55.71%, selling 213,668 shares at an average price of $21.65, for a gain of 20.3%.
He has averaged a gain of 134% on 1,003,257 shares bought at an average price of $11.14 per share. On shares sold, he averaged a gain of 80% on 580,421 shares sold at an average price of $14.47 per share.
His current shares remaining: 281,891.
Another remarkable trading history of pure gains:
Here is the complete portfolio of Mario Gabelli.
Be sure to read more about:
1. Mario Gabelli's Undervalued Stocks
2. Mario Gabelli's Top Growth Companies
3. Mario Gabelli's High Yield stocks
4. Stocks that Mario Gabelli keeps buying
Use the GuruFocus Value Screen to find 52-Week Lows and discover potentially deep value stocks held by billionaire Guru investors.
GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.
If you are not a Premium Member, we invite you for a 7-day Free Trial.
