Mario Gabelli, the CEO of GAMCO Investors in New York, has a net worth of close to $2 billion. His hedge fund, which focuses on investments in the industrial and consumer products sectors, has more than $11.7 billion in assets. At the end of June 2021, GAMCO Investors’ top five assets accounted for only 8.16 percent of the whole portfolio. Gabelli has been recognized with numerous accolades, including Money Manager of the Year in 2010 and Fund Manager of the Year in 1997. The company’s performance is frequently touted as a welcome exception in the world of big finance, which has had a poor start to the new millennium.
Here is Insider Monkey’s list of the 10 best stocks to buy according to billionaire Mario Gabelli. Ryman Hospitality Properties, Inc. is ranked tenth among the finest stocks to purchase. The company is a hospitality real estate investment trust based in Tennessee that operates in the hospitality industry. The Bank of New York Mellon Corporation was ranked ninth on the list of billionaire Mario Gabelli’s top ten stocks to purchase. The firm, which is based in New York and markets financial services, has more than 2.3 million shares worth $121 million. Aerojet Rocketdyne Holdings, Inc. is ranked eighth on Mario Gabelli’s list of the top ten stocks to purchase. Gabelli controls more than 2.5 million shares worth more than $123 million in the company. The billionaire has reduced his holdings in the aerospace and military company by 10%. Textron Inc. was named seventh on billionaire Mario Gabelli’s list of the top ten companies to buy. GAMCO Investors owns 1.16 percent of the aerospace and defense company, which is worth more than $136 million. Mueller Industries, Inc. is ranked sixth on billionaire Mario Gabelli’s list of the top ten stocks to purchase. Copper, brass, and plastic products are manufactured and sold by the company. It is based in Tennessee and has a revenue of more than $1 billion. For more details, click 10 Best Stocks To Buy According To Billionaire Mario Gabelli.
