Mario Gabelli Buys 54 New Stocks; BEAM, JCP, FB, SUN, KMI, EF, GAS

Mario Gabelli, chairman and chief executive officer of GAMCO Investors Inc. (NYSE:GBL). invested in 54 new stocks in different sectors. Its portfolio is composed of 804 stocks worth $13.29 billion, as of August 14, 2012.

GAMCO Investors Inc. (NYSE:GBL) is highly recognized as a diversified asset manager and financial services company. At present, the firm’s investments in the industrials sector is 26.4 percent, consumer services, 23.3 percent, consumer goods, 16.2 percent, financials 8.8 percent, utilities 5.9 percent, health care 4.9 percent, basic materials 4.6 percent, telecom 3.2 percent, oil & gas 3.1 percent, and technology 2.9 percent.

GAMCO Investors sold outs its entire holdings in Parker Drilling Company (NYSE:PKD), Feihe International Inc (NYSE:ADY), ValueVision Media, Inc. (NASDAQ:VVTV), Dynegy, Inc (DYNIQ), Intellicheck Mobilisa Inc. (IDN), CNinsure Inc. (ADR) (NASDAQ:CISG), Universal American Corporation (UAM), and TeleCommunication Systems, Inc. (NASDAQ:TSYS) among others.

During an interview with Bloomberg, Giabelli expressed his belief that there are clear opportunities in J.C. Penney Company, Inc. (NYSE:JCP) but the current pricing strategy of the company is uncertain because consumers still want to sale on items they want to buy. According to him, he placed a buy order on JCP.

Giabelli said he closely follow excellent allocators like John Malone, conducts research and evaluates the cash flows, earnings, industry dynamics and many other factors and combined his understanding on how CEO’s decide in terms of capital allocations and generating returns before investing in a particular stock.

Since its establishment Gabelli’s firm’s average annual return of asset fund class AAA is 11.8 percent.

The 54 stocks bought by the firm include:

1. BEAM Inc (NYSE:BEAM) 2, 431,569 shares
2. Ariba, Inc. (NASDAQ:ARBA) 1,091,961 shares
3. Standard Microsystems Corporation (NASDAQ:SMSC)
4. Sunoco, Inc. (NYSE:SUN) 497,000 shares
5. Ingredion Inc (NYSE:INGR) 311,500 shares
6. Kinder Morgan Inc (NYSE:KMI) 594,796 shares
7. Gen-Probe Incorporated (NASDAQ:GPRO) 191,400 shares
8. Elster Group SE ADR (NYSE:ELT) 547,200 shares
9. Teledyne LeCroy Inc (NASDAQ:LCRY) (LCRY) 614,951 shares
10. Edelman Financial Group Inc. (The) (NASDAQ:EF) 495,300 shares
11. Catalyst Health Solutions, Inc. (NASDAQ:CHSI) 42,300 shares
12. Interline Brands Inc (NYSE:IBI) 139, 800 shares
13. Human Genome Sciences (NASDAQ:HGSI) 232,700 shares
14. AGL Resources Inc. (NYSE:GAS) 74,132 shares
15. P.F. Chang’s China Bistro (NASDAQ:PFCB) 54,600 shares
16. Phillips 66 (NYSE:PSX) 81,481 shares
17. MEDTOX Scientific, Inc. (NASDAQ:MTOX) 99,700 shares
18. Haynes International, Inc. (NASDAQ:HAYN) 37,100 shares
19. CE Franklin Ltd. (NASDAQ:CFK) 142,000 shares
20. Aegion Corp – Class A (NASDAQ:AEGN) 87,400 shares
21. CREDO Petroleum Corporation (NASDAQ:CRED) 107,600 shares
22. Atlas Energy Lp (NYSE:ATLS) 40,000 shares
23. Micronetics Inc. (NASDAQ:NOIZ) 68,100 shares
24. Lam Research Corporation (NASDAQ:LRCX) 24,750 shares
25. Amylin Pahrmaceuticals, Inc. (NASDAQ:AMLN) 30,300 shares
26. Advance Auto Parts, Inc. (NYSE:AAP) 12,000 shares
27. Whole Foods Market, Inc. (NASDAQ:WFM) 6,815 shares
28. Federal Signal Corporation (FSS) 93,500 shares
29. Quest Software Inc (QSFT) 19,400 shares
30. Minerals Technologies (MTX) 8,000 shares
31. EasyLink Services International Corp (ESIC) 70,000 shares
32. Moduslink Global Solutions (MLNK) 157,000 shares
33. GeoResources Inc (GEOI) 12,000 shares
34. Nortek Inc. (NTK) 7,500 shares
35. Facebook Inc (NASDAQ:FB) 10,975 shares
36. Global Power Equipment (GLPW) 14,000 shares
37. TW Telecom Inc. (TWTC) 11,000 shares
38. Knology Inc (KNOL) 13,800 shares
39. Soda Stream International Ltd. (SODA) 5,500 shares
40. West Way Group Inc (WWAY) 37,500 shares
41. Riverbed Technology Inc. (RVBD) 13,000 shares
42. Altria Group, Inc. (NYSE:MO) 5,950 shares
43. The Ryland Group Inc. (RYL) 8,000 shares
44. Connecticut Water Sevice Inc. (CTWS) 7,050 shares
45. Shenandoah Telecommunications Company (SHEN) 14,000 shares
46. SRS Lab Inc (SRSL) 20,000 shares
47. Gamco Global Gold Natural Resources & Income Trust (NYSEAMX:GGN) 10,240 shares
48. Comverse Technology (CMVT) 15,500 shares
49. Exfo Inc. (EXFO) 10,000 shares
50. A.H. Belo Corporation (AHC) 25,000 shares
51. PLX Technology, Inc (PLXT) 17,000 shares
52. Ramtron International (RMTR) 10,930 shares
53. Sun Healthcare Group Inc (SUNH) 12,000 shares
54. Transcend Svcs (TRCR) 679,500 shares