Since 1986, he has managed to outperform the S&P 500 by a little more than 2%. His net worth is estimated to be approximately $2 billion, and he manages over $11 billion in assets. Between March and June of this year, Mario Gabelli’s investment portfolio grew by $400 million. Gabelli, on the other hand, has reduced his positions in a number of companies over this time, selling 62 stocks and cutting his holdings in 403. The portfolio’s market worth, on the other hand, has increased by around $400 million.
Here is Insider Monkey’s list of the 15 stocks Mario Gabelli is dumping. American International Group insurance company is ranked 15th. At the end of the second quarter of 2021, 39 hedge funds in Insider Monkey’s database owned $2.7 billion worth of American International Group, Inc. Mattel, Inc. is rated 14th. The business is based in California and makes and sells children’s toys. At the end of the second quarter of 2021, GAMCO Investors owned 101,900 shares in the company, valued at about $2 million. Consolidated Communications Holdings, Inc. ranks fourteenth. The company, which is based in Illinois, offers communications services. With 3.8 million shares worth more than $33 million, Anchorage Advisors is the largest stakeholder. Biglari Holdings Inc. is rated 12th. The company is situated in Texas and runs franchise restaurants. It has a market capitalization of around $547 million and revenue of $433 million last year. Ball Corporation is a packaging products company based in Colorado. It ranks twelfth. Ball Corporation was owned by 44 hedge funds in Insider Monkey’s database, with a total value of $1.5 billion. Colgate-Palmolive Company is rated tenth. GAMCO Investors had 6,150 shares in the company worth $500K at the end of June 2021, according to the most recent data. For more details, click 15 Stocks Mario Gabelli Is Dumping.
