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