The article discusses the top stock picks of Mario Gabelli, the billionaire chief of GAMCO Investors. Gabelli is known for his value-oriented investment approach and has achieved consistent returns over the years. His latest equity portfolio holdings reveal a focus on the industrial and consumer goods sectors.
Gabelli emphasizes the importance of fundamental analysis and finding undervalued companies with strong management and reasonable prices. He believes that macro conditions should not be the primary consideration when investing in a firm. Instead, he focuses on understanding the business and its worth.
Here are Gabelli’s top 10 stock picks:
10. The Bank of New York Mellon Corporation (BK): Gabelli holds a stake in the firm worth over $77 million. The Bank of New York Mellon provides financial products and services. Investment advisory Argus maintained a Buy rating on the stock.
9. Watts Water Technologies, Inc. (WTS): Gabelli is long on more than 538,000 shares in the firm worth $93 million. Watts Water Technologies manufactures systems that manage and control fluid and energy flow. Investment advisory TD Cowen maintained a Market Perform rating on the stock.
8. American Express Company (AXP): Gabelli holds more than 653,000 shares in the firm worth $97 million. American Express provides payments and travel-related services. Investment advisory Bank of America maintained a Buy rating on the stock.
7. CNH Industrial N.V. (CNHI): Gabelli owns 8.7 million shares of the company worth $106 million. CNH Industrial markets agricultural and farm machinery. Investment advisory Barclays maintained an Overweight rating on the stock.
The article also mentions the number of hedge fund holders for each stock and includes analyst ratings and hedge fund sentiment data for further context.
Overall, Gabelli’s stock picks reflect his value-oriented investment strategy and focus on undervalued companies with strong fundamentals.
