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Mario Gabelli Update, Reduces Gabelli GDV, Others

August 21, 2013 | About:
Sally Jones

Sally Jones

49 followers
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), 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:

1377105611608.png

CH Energy Group Inc. (CHG): 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:

1377103158229.png

McMoRan Exploration Co. (MMR): 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:

1377105015957.png

Kraft Foods Group Inc. (KRFT): 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:

1377105168113.png

Boeing Co. (BA): 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:

1377104111587.png

Cantel Medical Corporation (CMN): 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:

1377104696239.png

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

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About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

Rating: 4.3/5 (3 votes)

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