NPORT-EX 2 GB601GB033125.htm
1
The Gabelli Equity Trust Inc.
Schedule of Investments — March 31, 2025 (Unaudited)
Shares
Market
Value
COMMON STOCKS — 98.5%
Financial Services — 14.2%
43,000‌
Aegon Ltd.
......................
$ 281,300‌
250‌
Affiliated Managers Group Inc.
........
42,007‌
5,595‌
Ally Financial Inc.
.................
204,050‌
190,700‌
American Express Co.
..............
51,307,835‌
8,750‌
Apollo Global Management Inc.
.......
1,198,225‌
400‌
Arthur J. Gallagher & Co.
............
138,096‌
2,100‌
Axis Capital Holdings Ltd.
...........
210,504‌
29,500‌
Banco Bilbao Vizcaya Argentaria SA
....
400,165‌
75,000‌
Banco Santander SA, ADR
...........
502,500‌
51,000‌
Bank of America Corp.
..............
2,128,230‌
86‌
Berkshire Hathaway Inc., Cl. A†
.......
68,665,978‌
4,500‌
Berkshire Hathaway Inc., Cl. B†
.......
2,396,610‌
42,000‌
Blackstone Inc.
...................
5,870,760‌
227,500‌
Blue Owl Capital Inc.
...............
4,559,100‌
1,370‌
Capital One Financial Corp.
...........
245,641‌
15,000‌
Cipher Mining Inc.†
................
34,500‌
83,620‌
Citigroup Inc.
....................
5,936,184‌
30,500‌
Commerzbank AG
.................
691,583‌
30,245‌
Credit Agricole SA
.................
548,608‌
5,000‌
Cullen/Frost Bankers Inc.
............
626,000‌
217,800‌
Dah Sing Banking Group Ltd.
.........
239,871‌
128,800‌
Dah Sing Financial Holdings Ltd.
......
480,841‌
35,200‌
Daiwa Securities Group Inc.
..........
233,227‌
30,000‌
Deutsche Bank AG
................
714,900‌
3,202‌
Diamond Hill Investment Group Inc.
....
457,374‌
110,000‌
DigitalBridge Group Inc.
............
970,200‌
568‌
E-L Financial Corp. Ltd.
.............
502,459‌
3,000‌
EXOR NV
.......................
271,028‌
478‌
Farmers & Merchants Bank of Long Beach
2,748,500‌
6,526‌
First American Financial Corp.
........
428,301‌
217‌
First Citizens BancShares Inc., Cl. A
....
402,344‌
17,526‌
Flushing Financial Corp.
.............
222,580‌
8,200,000‌
GAM Holding AG†
.................
824,912‌
17,000‌
ING Groep NV
....................
330,694‌
32,000‌
Interactive Brokers Group Inc., Cl. A
....
5,298,880‌
8,000‌
Intercontinental Exchange Inc.
........
1,380,000‌
63,150‌
Janus Henderson Group plc
..........
2,282,873‌
12,800‌
Japan Post Bank Co. Ltd.
............
128,521‌
78,400‌
Jefferies Financial Group Inc.
.........
4,199,888‌
30,600‌
JPMorgan Chase & Co.
.............
7,506,180‌
6,000‌
Julius Baer Group Ltd.
..............
411,665‌
900,000‌
Just Group plc
...................
1,708,985‌
27,200‌
Kinnevik AB, Cl. A
.................
200,784‌
8,190‌
KKR & Co. Inc.
...................
946,846‌
13,000‌
Loews Corp.
.....................
1,194,830‌
1,000‌
LPL Financial Holdings Inc.
..........
327,140‌
45,200‌
Marsh & McLennan Companies Inc.
....
11,030,156‌
2,100‌
Moelis & Co., Cl. A
................
122,556‌
9,640‌
Moody's Corp.
...................
4,489,252‌
29,000‌
Morgan Stanley
..................
3,383,430‌
Shares
Market
Value
45,535‌
NatWest Group plc
................
$ 265,748‌
11,246‌
NN Group NV
....................
623,580‌
6,000‌
Peapack-Gladstone Financial Corp.
.....
170,400‌
40,000‌
Polar Capital Holdings plc
...........
220,631‌
13,077‌
Prosus NV
......................
602,017‌
3,500‌
Root Inc., Cl. A†
..................
467,040‌
46,500‌
S&P Global Inc.
..................
23,626,650‌
12,200‌
Shinhan Financial Group Co. Ltd., ADR
..
391,376‌
1,100‌
Silvercrest Asset Management Group Inc.,
Cl. A
.........................
17,996‌
3,823‌
Southern First Bancshares Inc.†
.......
125,853‌
20,987‌
Standard Chartered plc
.............
308,918‌
97,000‌
State Street Corp.
.................
8,684,410‌
5,000‌
StoneCo Ltd., Cl. A†
...............
52,400‌
66,500‌
T. Rowe Price Group Inc.
............
6,109,355‌
2,400‌
Texas Capital Bancshares Inc.†
........
179,280‌
120,600‌
The Bank of New York Mellon Corp.
....
10,114,722‌
5,300‌
The Goldman Sachs Group Inc.
.......
2,895,337‌
20,000‌
The PNC Financial Services Group Inc.
..
3,515,400‌
13,750‌
The Westaim Corp.†
...............
301,075‌
16,700‌
Truist Financial Corp.
...............
687,205‌
16,100‌
TrustCo Bank Corp. NY
.............
490,728‌
7,200‌
UniCredit SpA
....................
401,180‌
37,500‌
W. R. Berkley Corp.
................
2,668,500‌
2,900‌
Webster Financial Corp.
.............
149,495‌
157,800‌
Wells Fargo & Co.
.................
11,328,462‌
25,348‌
Westwood Holdings Group Inc.
.......
410,638‌
274,235,489‌
Food and Beverage — 8.5%
6,000‌
Ajinomoto Co. Inc.
................
118,348‌
2,100‌
Anheuser-Busch InBev SA/NV
........
129,250‌
147,500‌
BellRing Brands Inc.†
..............
10,982,850‌
90,800‌
Brown-Forman Corp., Cl. A
..........
3,039,076‌
18,200‌
Constellation Brands Inc., Cl. A
........
3,340,064‌
25,000‌
Crimson Wine Group Ltd.†
...........
144,000‌
172,000‌
Danone SA
......................
13,175,078‌
800,000‌
Davide Campari-Milano NV
..........
4,683,327‌
4,250‌
Diageo plc
......................
110,595‌
140,000‌
Diageo plc, ADR
..................
14,670,600‌
86,000‌
Farmer Brothers Co.†
..............
190,920‌
90,000‌
Flowers Foods Inc.
................
1,710,900‌
85,500‌
Fomento Economico Mexicano SAB de CV,
ADR
.........................
8,343,090‌
1,670,000‌
Grupo Bimbo SAB de CV, Cl. A
........
4,528,247‌
3,500‌
Heineken Holding NV
...............
253,186‌
42,550‌
Heineken NV
....................
3,468,182‌
3,200‌
Ingredion Inc.
....................
432,672‌
97,200‌
ITO EN Ltd.
.....................
2,071,794‌
55,700‌
Kerry Group plc, Cl. A
..............
5,869,258‌
2,000‌
Kerry Group plc, Cl. A
..............
209,340‌
8,000‌
Keurig Dr Pepper Inc.
..............
273,760‌
2
The Gabelli Equity Trust Inc.
Schedule of Investments (Continued) — March 31, 2025 (Unaudited)
Shares
Market
Value
COMMON STOCKS (Continued)
Food and Beverage (Continued)
9,550‌
LVMH Moet Hennessy Louis Vuitton SE
..
$ 5,903,611‌
40,000‌
Maple Leaf Foods Inc.
..............
696,849‌
62,000‌
Molson Coors Beverage Co., Cl. B
......
3,773,940‌
165,000‌
Mondelēz International Inc., Cl. A
......
11,195,250‌
28,000‌
Morinaga Milk Industry Co. Ltd.
.......
581,505‌
20,000‌
Nestlé SA
.......................
2,019,668‌
140,000‌
Niagen Bioscience Inc.†
.............
966,000‌
13,000‌
Nomad Foods Ltd.
................
255,450‌
92,000‌
PepsiCo Inc.
.....................
13,794,480‌
38,000‌
Pernod Ricard SA
.................
3,749,819‌
38,500‌
Post Holdings Inc.†
................
4,479,860‌
40,000‌
Remy Cointreau SA
................
1,865,891‌
5,900‌
The Boston Beer Co. Inc., Cl. A†
.......
1,409,156‌
158,500‌
The Campbell's Company
...........
6,327,320‌
60,000‌
The Coca-Cola Co.
................
4,297,200‌
52,500‌
The Hain Celestial Group Inc.†
........
217,875‌
7,000‌
The Hershey Co.
..................
1,197,210‌
24,200‌
The J.M. Smucker Co.
..............
2,865,522‌
117,000‌
The Kraft Heinz Co.
................
3,560,310‌
17,500‌
The Simply Good Foods Co.†
.........
603,575‌
44,000‌
Tootsie Roll Industries Inc.
...........
1,385,120‌
7,500‌
TreeHouse Foods Inc.†
.............
203,175‌
40,000‌
Tyson Foods Inc., Cl. A
.............
2,552,400‌
646,000‌
Yakult Honsha Co. Ltd.
.............
12,289,893‌
163,935,616‌
Equipment and Supplies — 7.8%
3,000‌
3M Co.
........................
440,580‌
309,200‌
AMETEK Inc.
....................
53,225,688‌
28,000‌
Amphenol Corp., Cl. A
..............
1,836,520‌
10,000‌
Ardagh Group SA†
................
29,400‌
48,000‌
Ardagh Metal Packaging SA
..........
144,960‌
281,000‌
Donaldson Co. Inc.
................
18,843,860‌
18,000‌
Federal Signal Corp.
...............
1,323,900‌
165,300‌
Flowserve Corp.
..................
8,073,252‌
36,000‌
Franklin Electric Co. Inc.
............
3,379,680‌
7,500‌
Hubbell Inc.
.....................
2,481,825‌
103,200‌
IDEX Corp.
......................
18,676,104‌
20,000‌
Ilika plc†
.......................
9,688‌
15,525‌
Kimball Electronics Inc.†
............
255,386‌
170,500‌
Mueller Industries Inc.
..............
12,981,870‌
59,000‌
Mueller Water Products Inc., Cl. A
.....
1,499,780‌
8,000‌
Sealed Air Corp.
..................
231,200‌
20,000‌
Tenaris SA, ADR
..................
782,200‌
80,000‌
The Timken Co.
...................
5,749,600‌
3,500‌
The Toro Co.
.....................
254,625‌
59,000‌
The Weir Group plc
................
1,768,148‌
91,000‌
Watts Water Technologies Inc., Cl. A
....
18,556,720‌
3,500‌
Xerox Holdings Corp.
..............
16,905‌
150,561,891‌
Shares
Market
Value
Diversified Industrial — 6.5%
500‌
Agilent Technologies Inc.
............
$ 58,490‌
412,000‌
Ampco-Pittsburgh Corp.†
...........
894,040‌
41,500‌
AZZ Inc.
........................
3,469,815‌
155,100‌
Crane Co.
.......................
23,758,218‌
710‌
Eaton Corp. plc
...................
192,999‌
4,000‌
Esab Corp.
......................
466,000‌
39,625‌
General Electric Co.
................
7,930,944‌
120,700‌
Greif Inc., Cl. A
...................
6,637,293‌
12,000‌
Greif Inc., Cl. B
...................
711,360‌
18,100‌
Griffon Corp.
....................
1,294,150‌
5,000‌
GXO Logistics Inc.†
...............
195,400‌
114,400‌
Honeywell International Inc.
..........
24,224,200‌
28,000‌
Ingersoll Rand Inc.
................
2,240,840‌
92,000‌
ITT Inc.
........................
11,882,720‌
24,500‌
Kennametal Inc.
..................
521,850‌
50,000‌
Myers Industries Inc.
..............
596,500‌
23,000‌
nVent Electric plc
.................
1,205,660‌
101,000‌
Park-Ohio Holdings Corp.
...........
2,181,600‌
9,454‌
Proto Labs Inc.†
..................
331,268‌
20,000‌
PureCycle Technologies Inc.†
.........
138,400‌
500‌
Rheinmetall AG
...................
713,117‌
500‌
Roper Technologies Inc.
............
294,790‌
900‌
Siemens AG
.....................
206,215‌
9,000‌
Smiths Group plc
.................
224,493‌
5,250‌
Societe Generale SA
...............
234,964‌
390,000‌
Steel Partners Holdings LP†
..........
15,991,950‌
15,307‌
Stratasys Ltd.†
...................
149,856‌
10,500‌
Sulzer AG
.......................
1,777,891‌
73,000‌
Textron Inc.
.....................
5,274,250‌
2,500‌
The Eastern Co.
..................
63,300‌
300‌
The Sherwin-Williams Co.
...........
104,757‌
100,000‌
Toray Industries Inc.
...............
677,378‌
19,200‌
Trane Technologies plc
.............
6,468,864‌
83,215‌
Tredegar Corp.†
..................
640,756‌
84,000‌
Trinity Industries Inc.
...............
2,357,040‌
3,800‌
Valmont Industries Inc.
.............
1,084,406‌
1,000‌
VeriSign Inc.†
....................
253,870‌
125,449,644‌
Automotive: Parts and Accessories — 4.5%
7,500‌
Aptiv plc†
......................
446,250‌
2,500‌
Atmus Filtration Technologies Inc.
.....
91,825‌
79,000‌
BorgWarner Inc.
..................
2,263,350‌
441,233‌
Dana Inc.
.......................
5,881,636‌
350,000‌
Dowlais Group plc
.................
273,302‌
12,935‌
Ducommun Inc.†
.................
750,618‌
210,000‌
Garrett Motion Inc.
................
1,757,700‌
163,200‌
Genuine Parts Co.
.................
19,443,648‌
130,600‌
Modine Manufacturing Co.†
..........
10,023,550‌
29,850‌
O'Reilly Automotive Inc.†
............
42,762,513‌
9,200‌
Phinia Inc.
......................
390,356‌
3
The Gabelli Equity Trust Inc.
Schedule of Investments (Continued) — March 31, 2025 (Unaudited)
Shares
Market
Value
COMMON STOCKS (Continued)
Automotive: Parts and Accessories (Continued)
105,000‌
Standard Motor Products Inc.
........
$ 2,617,650‌
27,600‌
Strattec Security Corp.†
.............
1,089,096‌
100,000‌
Superior Industries International Inc.†
...
213,000‌
88,004,494‌
Entertainment — 4.5%
118,000‌
Atlanta Braves Holdings Inc., Cl. A†
....
5,176,660‌
269,162‌
Atlanta Braves Holdings Inc., Cl. C†
....
10,769,172‌
10,000‌
Charter Communications Inc., Cl. A†
....
3,685,300‌
6,500‌
FactSet Research Systems Inc.
........
2,955,160‌
90,000‌
Genting Singapore Ltd.
.............
50,240‌
1,752,000‌
Grupo Televisa SAB, ADR
............
3,066,000‌
78,000‌
International Game Technology plc
.....
1,268,280‌
14,573‌
Liberty Media Corp.-Liberty Live, Cl. A†
..
979,889‌
61,927‌
Liberty Media Corp.-Liberty Live, Cl. C†
..
4,219,706‌
15,000‌
Lions Gate Entertainment Corp., Cl. B†
..
118,800‌
114,174‌
Madison Square Garden Entertainment
Corp.†
.......................
3,738,057‌
95,767‌
Madison Square Garden Sports Corp.†
..
18,647,750‌
1,850‌
Netflix Inc.†
.....................
1,725,180‌
383,000‌
Ollamani SAB†
...................
851,361‌
356,000‌
Paramount Global, Cl. A
.............
8,099,000‌
141,974‌
Sphere Entertainment Co.†
..........
4,645,389‌
11,000‌
Take-Two Interactive Software Inc.†
....
2,279,750‌
40,000‌
TBS Holdings Inc.
.................
1,137,142‌
64,200‌
The Walt Disney Co.
...............
6,336,540‌
8,000‌
TKO Group Holdings Inc.
............
1,222,480‌
58,000‌
Universal Entertainment Corp.
........
408,734‌
839,000‌
Vivendi SE
......................
2,501,180‌
378,750‌
Warner Bros Discovery Inc.†
.........
4,063,987‌
87,945,757‌
Energy and Utilities — 4.2%
57,500‌
APA Corp.
......................
1,208,650‌
40,000‌
Baker Hughes Co.
.................
1,758,000‌
21,000‌
BP plc, ADR
.....................
709,590‌
16,000‌
CMS Energy Corp.
................
1,201,760‌
156,100‌
ConocoPhillips
...................
16,393,622‌
98,400‌
Enbridge Inc.
....................
4,360,104‌
71,000‌
Energy Transfer LP
................
1,319,890‌
61,000‌
Enterprise Products Partners LP
.......
2,082,540‌
23,000‌
Essential Utilities Inc.
..............
909,190‌
34,000‌
Evergy Inc.
......................
2,344,300‌
20,000‌
Eversource Energy
................
1,242,200‌
38,600‌
Exxon Mobil Corp.
................
4,590,698‌
1,375‌
GE Vernova Inc.
..................
419,760‌
223,000‌
Halliburton Co.
...................
5,657,510‌
10,000‌
Innovex International Inc.†
...........
179,600‌
25,000‌
Kimbell Royalty Partners LP
..........
350,000‌
15,000‌
Kinder Morgan Inc.
................
427,950‌
7,200‌
Marathon Petroleum Corp.
...........
1,048,968‌
Shares
Market
Value
123,000‌
National Fuel Gas Co.
..............
$ 9,740,370‌
50,000‌
New Fortress Energy Inc.
............
415,500‌
65,000‌
NextEra Energy Inc.
................
4,607,850‌
4,000‌
Niko Resources Ltd.†
..............
0‌
2,779‌
Noble Corp. plc
...................
65,862‌
18,000‌
NOV Inc.
.......................
273,960‌
10,000‌
Occidental Petroleum Corp.
..........
493,600‌
55,000‌
Oceaneering International Inc.†
.......
1,199,550‌
15,000‌
PG&E Corp.
.....................
257,700‌
9,000‌
Phillips 66
......................
1,111,320‌
35,000‌
Portland General Electric Co.
.........
1,561,000‌
70,000‌
RPC Inc.
.......................
385,000‌
116,500‌
Schlumberger NV
.................
4,869,700‌
5,000‌
Sempra
........................
356,800‌
2,450‌
Severn Trent plc
..................
80,101‌
17,000‌
Southwest Gas Holdings Inc.
.........
1,220,600‌
101,000‌
The AES Corp.
...................
1,254,420‌
37,500‌
TXNM Energy Inc.
.................
2,005,500‌
46,000‌
UGI Corp.
.......................
1,521,220‌
94,500‌
Venture Global Inc., Cl. A
............
973,350‌
31,050‌
Vitesse Energy Inc.
................
763,520‌
3,300‌
Weatherford International plc
.........
176,715‌
202,238‌
XPLR Infrastructure LP
.............
1,921,261‌
81,459,231‌
Health Care — 4.2%
563‌
AbbVie Inc.
.....................
117,960‌
14,000‌
Alcon AG
.......................
1,329,020‌
24,500‌
Amgen Inc.
.....................
7,632,975‌
12,000‌
Bausch + Lomb Corp.†
.............
174,000‌
20,000‌
Baxter International Inc.
.............
684,600‌
1,500‌
Becton Dickinson & Co.
.............
343,590‌
7,000‌
Biogen Inc.†
.....................
957,880‌
14,500‌
BioMarin Pharmaceutical Inc.†
........
1,025,005‌
2,500‌
Bio-Rad Laboratories Inc., Cl. A†
......
608,900‌
64,900‌
Boston Scientific Corp.†
............
6,547,112‌
84,700‌
Bristol-Myers Squibb Co.
............
5,165,853‌
6,365‌
Cencora Inc.
.....................
1,770,043‌
1,000‌
Chemed Corp.
...................
615,320‌
12,000‌
CVS Group plc
...................
155,630‌
240,000‌
Demant A/S†
....................
8,042,147‌
470‌
Eli Lilly & Co.
....................
388,178‌
2,000‌
Enovis Corp.†
....................
76,420‌
13,800‌
Evolent Health Inc., Cl. A†
...........
130,686‌
10,650‌
Exact Sciences Corp.†
..............
461,038‌
3,100‌
Fresenius SE & Co. KGaA†
...........
131,969‌
1,390‌
Gerresheimer AG
.................
105,286‌
2,800‌
Gilead Sciences Inc.
...............
313,740‌
3,000‌
Glaukos Corp.†
...................
295,260‌
25,000‌
Haleon plc
......................
126,365‌
100‌
HCA Healthcare Inc.
...............
34,555‌
59,000‌
Henry Schein Inc.†
................
4,040,910‌
4
The Gabelli Equity Trust Inc.
Schedule of Investments (Continued) — March 31, 2025 (Unaudited)
Shares
Market
Value
COMMON STOCKS (Continued)
Health Care (Continued)
700‌
Hims & Hers Health Inc.†
...........
$ 20,685‌
5,597‌
Incyte Corp.†
....................
338,898‌
9,360‌
Indivior plc†
.....................
87,719‌
555‌
Intuitive Surgical Inc.†
..............
274,875‌
24,100‌
Johnson & Johnson
...............
3,996,744‌
72,405‌
Merck & Co. Inc.
..................
6,499,073‌
69,900‌
Novartis AG, ADR
.................
7,792,452‌
40,000‌
Option Care Health Inc.†
............
1,398,000‌
31,500‌
Perrigo Co. plc
...................
883,260‌
116,500‌
Pfizer Inc.
......................
2,952,110‌
6,500‌
QuidelOrtho Corp.†
................
227,305‌
400‌
Roche Holding AG, Genusschein
.......
131,344‌
15,500‌
Sandoz Group AG, ADR
.............
649,760‌
2,100‌
Sanofi SA
.......................
231,433‌
9,750‌
Smith & Nephew plc
...............
136,651‌
690‌
Stryker Corp.
....................
256,852‌
335‌
Tenet Healthcare Corp.†
.............
45,057‌
2,000‌
The Cigna Group
..................
658,000‌
15,700‌
Tristel plc
.......................
59,827‌
17,450‌
UnitedHealth Group Inc.
............
9,139,438‌
11,996‌
Valeritas Holdings Inc.†(a)
...........
0‌
80‌
Vertex Pharmaceuticals Inc.†
.........
38,786‌
4,000‌
Waters Corp.†
...................
1,474,280‌
2,400‌
Waystar Holding Corp.†
.............
89,664‌
12,000‌
Zimmer Biomet Holdings Inc.
.........
1,358,160‌
20,000‌
Zimvie Inc.†
.....................
216,000‌
5,700‌
Zoetis Inc.
......................
938,505‌
608‌
Zosano Pharma Corp.†(a)
...........
0‌
81,169,320‌
Machinery — 3.9%
24,200‌
Astec Industries Inc.
...............
833,690‌
12,800‌
Caterpillar Inc.
...................
4,221,440‌
435,000‌
CNH Industrial NV
.................
5,341,800‌
103,600‌
Deere & Co.
.....................
48,624,660‌
24,942‌
Intevac Inc.
.....................
99,768‌
6,688‌
Regal Rexnord Corp.
...............
761,429‌
128,700‌
Xylem Inc.
......................
15,374,502‌
75,257,289‌
Business Services — 3.8%
8,000‌
Allegion plc
.....................
1,043,680‌
550,000‌
Clear Channel Outdoor Holdings Inc.†
...
610,500‌
2,500‌
Edenred SE
.....................
80,935‌
579,000‌
Havas NV†
......................
823,286‌
16,000‌
Jardine Matheson Holdings Ltd.
.......
677,760‌
11,000‌
Lamar Advertising Co., Cl. A, REIT
.....
1,251,580‌
97,930‌
Mastercard Inc., Cl. A
..............
53,677,391‌
120,000‌
Paysafe Ltd.†
....................
1,882,800‌
10,000‌
Pitney Bowes Inc.
.................
90,500‌
145,500‌
Resideo Technologies Inc.†
..........
2,575,350‌
Shares
Market
Value
12,000‌
The Brink's Co.
...................
$ 1,033,920‌
100,000‌
The Interpublic Group of Companies Inc.
.
2,716,000‌
29,000‌
UL Solutions Inc., Cl. A
.............
1,635,600‌
78,000‌
Vestis Corp.
.....................
772,200‌
13,100‌
Visa Inc., Cl. A
...................
4,591,026‌
5,000‌
Willdan Group Inc.†
...............
203,600‌
73,666,128‌
Environmental Services — 3.3%
30,000‌
Pentair plc
......................
2,624,400‌
178,200‌
Republic Services Inc.
..............
43,152,912‌
15,620‌
Veolia Environnement SA
............
536,254‌
71,500‌
Waste Management Inc.
............
16,552,965‌
29,000‌
Zurn Elkay Water Solutions Corp.
......
956,420‌
63,822,951‌
Retail — 3.0%
205,000‌
Arko Corp.
......................
809,750‌
41,400‌
AutoNation Inc.†
..................
6,703,488‌
51,000‌
BBB Foods Inc., Cl. A†
..............
1,360,680‌
3,500‌
Beacon Roofing Supply Inc.†
.........
432,950‌
7,000‌
Casey's General Stores Inc.
..........
3,038,280‌
3,500‌
Chipotle Mexican Grill Inc.†
..........
175,735‌
10,000‌
Copart Inc.†
.....................
565,900‌
27,660‌
Costco Wholesale Corp.
.............
26,160,275‌
61,500‌
CVS Health Corp.
.................
4,166,625‌
11,000‌
Lowe's Companies Inc.
.............
2,565,530‌
95,000‌
Macy's Inc.
.....................
1,193,200‌
27,000‌
Sally Beauty Holdings Inc.†
..........
243,810‌
6,000‌
Shake Shack Inc., Cl. A†
............
529,020‌
94,000‌
The Wendy's Co.
..................
1,375,220‌
30,000‌
Walgreens Boots Alliance Inc.
........
335,100‌
90,000‌
Walmart Inc.
....................
7,901,100‌
57,556,663‌
Consumer Services — 2.9%
5,900‌
Amazon.com Inc.†
................
1,122,534‌
45,000‌
API Group Corp.†
.................
1,609,200‌
393,500‌
Bollore SE
......................
2,297,654‌
2,000‌
Deutsche Post AG
.................
85,380‌
35,000‌
IAC Inc.†
.......................
1,607,900‌
58,900‌
Matthews International Corp., Cl. A
.....
1,309,936‌
880,000‌
Rollins Inc.
......................
47,546,400‌
3,200‌
Travel + Leisure Co.
................
148,128‌
55,727,132‌
Aerospace and Defense — 2.8%
1,000‌
Airbus SE
.......................
176,014‌
10,000‌
Avio SpA
.......................
186,416‌
1,000‌
Embraer SA, ADR†
................
46,200‌
5,000‌
Hexcel Corp.
.....................
273,800‌
1,000‌
Howmet Aerospace Inc.
.............
129,730‌
10,000‌
Innovative Solutions and Support Inc.†
..
62,900‌
200‌
Karman Holdings Inc.†
.............
6,684‌
5
The Gabelli Equity Trust Inc.
Schedule of Investments (Continued) — March 31, 2025 (Unaudited)
Shares
Market
Value
COMMON STOCKS (Continued)
Aerospace and Defense (Continued)
12,000‌
Kratos Defense & Security Solutions Inc.†
$ 356,280‌
8,000‌
L3Harris Technologies Inc.
...........
1,674,480‌
1,000‌
Lockheed Martin Corp.
.............
446,710‌
17,300‌
Northrop Grumman Corp.
...........
8,857,773‌
3,305,666‌
Rolls-Royce Holdings plc†
...........
31,983,005‌
2,500‌
RTX Corp.
......................
331,150‌
1,100‌
Thales SA
......................
292,124‌
48,900‌
The Boeing Co.†
..................
8,339,895‌
45,500‌
Triumph Group Inc.†
...............
1,152,970‌
54,316,131‌
Consumer Products — 2.8%
34,180‌
American Outdoor Brands Inc.†
.......
415,629‌
12,500‌
Christian Dior SE
.................
7,129,822‌
26,500‌
Church & Dwight Co. Inc.
...........
2,917,385‌
145,000‌
Edgewell Personal Care Co.
..........
4,525,450‌
67,500‌
Energizer Holdings Inc.
.............
2,019,600‌
35,500‌
Essity AB, Cl. B
...................
1,007,949‌
2,000‌
Givaudan SA
....................
8,585,961‌
54,000‌
Hanesbrands Inc.†
................
311,580‌
21,300‌
Harley-Davidson Inc.
...............
537,825‌
1,170‌
Hermes International SCA
...........
3,050,207‌
4,000‌
Johnson Outdoors Inc., Cl. A
.........
99,360‌
25,000‌
Mattel Inc.†
.....................
485,750‌
13,000‌
National Presto Industries Inc.
........
1,142,830‌
24,000‌
Oil-Dri Corp. of America
.............
1,102,080‌
50,000‌
Philip Morris International Inc.
........
7,936,500‌
49,500‌
Reckitt Benckiser Group plc
..........
3,344,147‌
72,000‌
Spectrum Brands Holdings Inc.
.......
5,151,600‌
27,600‌
Svenska Cellulosa AB SCA, Cl. B
.......
363,129‌
42,500‌
The Estee Lauder Companies Inc., Cl. A
..
2,805,000‌
4,280‌
Unilever plc
.....................
254,872‌
4,200‌
Zalando SE†
.....................
144,237‌
53,330,913‌
Electronics — 2.6%
30,000‌
Arlo Technologies Inc.†
.............
296,100‌
3,400‌
Bel Fuse Inc., Cl. A
................
245,004‌
3,064‌
Bel Fuse Inc., Cl. B
................
229,371‌
2,000‌
CTS Corp.
......................
83,100‌
5,000‌
Flex Ltd.†
.......................
165,400‌
40,000‌
Hitachi Ltd., ADR
.................
938,000‌
96,500‌
Intel Corp.
......................
2,191,515‌
35,161‌
Koninklijke Philips NV†
.............
893,089‌
1,300‌
Mettler-Toledo International Inc.†
......
1,535,183‌
175,000‌
Mirion Technologies Inc.†
...........
2,537,500‌
325,000‌
Plug Power Inc.†
.................
438,750‌
141,245‌
Sony Group Corp., ADR
.............
3,586,211‌
33,000‌
TE Connectivity plc
................
4,663,560‌
177,304‌
Texas Instruments Inc.
.............
31,861,529‌
1,000‌
Universal Display Corp.
.............
139,480‌
Shares
Market
Value
6,650‌
WESCO International Inc.
............
$ 1,032,745‌
50,836,537‌
Telecommunications — 2.0%
100,000‌
America Movil SAB de CV, ADR
.......
1,422,000‌
8,200‌
AT&T Inc.
.......................
231,896‌
55,000‌
ATN International Inc.
..............
1,117,050‌
54,000‌
BCE Inc.
........................
1,239,840‌
750,000‌
BT Group plc, Cl. A
................
1,606,775‌
7,040,836‌
Cable & Wireless Jamaica Ltd.†(a)
.....
25,839‌
6,000‌
Cisco Systems Inc.
................
370,260‌
8,000‌
Deutsche Telekom AG
..............
296,017‌
125,000‌
Deutsche Telekom AG, ADR
..........
4,633,750‌
51,000‌
GCI Liberty Inc., Escrow†(a)
.........
0‌
36,000‌
Hellenic Telecommunications Organization
SA
..........................
583,902‌
15,000‌
Hellenic Telecommunications Organization
SA, ADR
......................
125,700‌
10,000‌
Iridium Communications Inc.
.........
273,200‌
264,732‌
Koninklijke KPN NV
................
1,121,260‌
130,045‌
Liberty Global Ltd., Cl. A†
...........
1,496,818‌
159,064‌
Liberty Global Ltd., Cl. C†
...........
1,903,996‌
1,100,000‌
NII Holdings Inc., Escrow†
...........
385,000‌
85,812‌
Sunrise Communications AG, Cl. A†
....
4,141,712‌
21,000‌
Telecom Argentina SA, ADR
..........
213,990‌
400,000‌
Telecom Italia SpA†
................
134,427‌
70,000‌
Telefonica Brasil SA, ADR
...........
610,400‌
285,000‌
Telefonica SA, ADR
................
1,328,100‌
298,200‌
Telephone and Data Systems Inc.
......
11,552,268‌
50,000‌
TELUS Corp.
....................
717,140‌
46,075‌
TIM SA, ADR
....................
721,074‌
3,040‌
VEON Ltd., ADR†
.................
132,574‌
46,500‌
Verizon Communications Inc.
.........
2,109,240‌
174,000‌
Vodafone Group plc
...............
163,853‌
98,000‌
Vodafone Group plc, ADR
...........
918,260‌
39,576,341‌
Building and Construction — 1.9%
3,000‌
AAON Inc.
......................
234,390‌
25,500‌
Arcosa Inc.
......................
1,966,560‌
6,900‌
Ashtead Group plc
................
369,536‌
18,000‌
Assa Abloy AB, Cl. B
...............
537,038‌
50,900‌
Canfor Corp.†
....................
534,095‌
3,000‌
Carrier Global Corp.
...............
190,200‌
2,700‌
CRH plc
........................
237,519‌
2,500‌
D.R. Horton Inc.
..................
317,825‌
43,000‌
Fortune Brands Innovations Inc.
.......
2,617,840‌
35,400‌
Gencor Industries Inc.†
.............
430,464‌
62,250‌
Herc Holdings Inc.
................
8,358,308‌
35,200‌
Ibstock plc
......................
77,389‌
160,000‌
Johnson Controls International plc
.....
12,817,600‌
4,000‌
KBR Inc.
.......................
199,240‌
29,000‌
Knife River Corp.†
.................
2,616,090‌
6
The Gabelli Equity Trust Inc.
Schedule of Investments (Continued) — March 31, 2025 (Unaudited)
Shares
Market
Value
COMMON STOCKS (Continued)
Building and Construction (Continued)
11,000‌
Lennar Corp., Cl. B
................
$ 1,199,770‌
25,000‌
Masterbrand Inc.†
.................
326,500‌
12,000‌
Sika AG
........................
2,891,828‌
2,500‌
Toll Brothers Inc.
.................
263,975‌
3,000‌
Vulcan Materials Co.
...............
699,900‌
36,886,067‌
Broadcasting — 1.8%
309,000‌
Canal+ SA†
.....................
734,437‌
2,000‌
Cogeco Inc.
.....................
88,225‌
20,000‌
Corus Entertainment Inc.,
OTC, Cl. B†
....................
1,700‌
87,400‌
Fox Corp., Cl. A
...................
4,946,840‌
94,000‌
Fox Corp., Cl. B
...................
4,954,740‌
16,000‌
Gray Media Inc.
..................
69,120‌
16,750‌
Liberty Broadband Corp., Cl. A†
.......
1,423,750‌
59,000‌
Liberty Broadband Corp., Cl. C†
.......
5,017,950‌
38,250‌
Liberty Media Corp.-Liberty Formula One,
Cl. A†
........................
3,116,228‌
36,250‌
Liberty Media Corp.-Liberty Formula One,
Cl. C†
........................
3,262,862‌
17,500‌
Nexstar Media Group Inc.
...........
3,136,350‌
100,000‌
Sinclair Inc.
.....................
1,593,000‌
143,974‌
Sirius XM Holdings Inc.
.............
3,245,894‌
149,500‌
TEGNA Inc.
.....................
2,723,890‌
60,000‌
Television Broadcasts Ltd.†
..........
23,749‌
34,338,735‌
Aviation: Parts and Services — 1.6%
4,000‌
AAR Corp.†
.....................
223,960‌
30,000‌
Astronics Corp.†
..................
725,100‌
84,700‌
Curtiss-Wright Corp.
...............
26,872,769‌
4,000‌
JBT Marel Corp.
..................
488,800‌
103,500‌
Spirit AeroSystems Holdings Inc., Cl. A†
.
3,566,610‌
31,877,239‌
Computer Software and Services — 1.6%
20,000‌
3D Systems Corp.†
................
42,400‌
1,000‌
Akamai Technologies Inc.†
...........
80,500‌
21,500‌
Alphabet Inc., Cl. A
................
3,324,760‌
27,680‌
Alphabet Inc., Cl. C
................
4,324,446‌
1,500‌
Backblaze Inc., Cl. A†
..............
7,245‌
1,250‌
Capgemini SE
....................
186,592‌
1,600‌
Check Point Software Technologies Ltd.†
.
364,672‌
270‌
CrowdStrike Holdings Inc., Cl. A†
......
95,197‌
4,866‌
Edgio Inc.†
......................
0‌
3,000‌
Fiserv Inc.†
.....................
662,490‌
2,000‌
Fortinet Inc.†
....................
192,520‌
90,000‌
Hewlett Packard Enterprise Co.
........
1,388,700‌
25,000‌
I3 Verticals Inc., Cl. A†
.............
616,750‌
270‌
Intuit Inc.
.......................
165,777‌
Shares
Market
Value
8,054‌
Kyndryl Holdings Inc.†
.............
$ 252,896‌
13,455‌
Meta Platforms Inc., Cl. A
...........
7,754,924‌
4,000‌
Micron Technology Inc.
.............
347,560‌
4,670‌
Microsoft Corp.
..................
1,753,071‌
12,000‌
MKS Instruments Inc.
..............
961,800‌
25,000‌
Movella Holdings Inc.†
.............
625‌
30,400‌
N-able Inc.†
.....................
215,536‌
7,065‌
NVIDIA Corp.
....................
765,705‌
1,240‌
Oracle Corp.
.....................
173,364‌
145,000‌
Oxford Metrics plc
................
100,769‌
30,000‌
PAR Technology Corp.†
.............
1,840,200‌
4,700‌
PSI Software SE†
.................
128,577‌
16,900‌
Rockwell Automation Inc.
...........
4,366,622‌
550‌
Salesforce Inc.
...................
147,598‌
251‌
ServiceNow Inc.†
.................
199,831‌
19,000‌
SolarWinds Corp.
.................
350,170‌
2,600‌
Temenos AG
.....................
200,136‌
4,500‌
Unity Software Inc.†
...............
88,155‌
20,800‌
Vimeo Inc.†
.....................
109,408‌
31,208,996‌
Hotels and Gaming — 1.5%
14,500‌
Accor SA
.......................
656,787‌
23,000‌
Better Collective A/S†
..............
254,442‌
71,600‌
Caesars Entertainment Inc.†
..........
1,790,000‌
179,500‌
Entain plc
.......................
1,339,740‌
4,250‌
Flutter Entertainment plc†
...........
930,544‌
20,000‌
Genius Sports Ltd.†
...............
200,200‌
6,500‌
Hyatt Hotels Corp., Cl. A
............
796,250‌
36,000‌
Inspired Entertainment Inc.†
.........
307,440‌
7,000‌
Las Vegas Sands Corp.
.............
270,410‌
3,938,500‌
Mandarin Oriental International Ltd.
....
6,892,375‌
5,500‌
Marriott International Inc., Cl. A
.......
1,310,100‌
70,000‌
MGM China Holdings Ltd.
...........
93,916‌
81,400‌
MGM Resorts International†
.........
2,412,696‌
6,000‌
Penn Entertainment Inc.†
............
97,860‌
105,700‌
Ryman Hospitality Properties Inc., REIT
.
9,665,208‌
40,000‌
Super Group SGHC Ltd.
.............
257,600‌
200,000‌
The Hongkong & Shanghai Hotels Ltd.
..
146,759‌
4,000‌
Wyndham Hotels & Resorts Inc.
.......
362,040‌
13,100‌
Wynn Resorts Ltd.
................
1,093,850‌
28,878,217‌
Transportation — 1.0%
15,500‌
Ferrari Group plc†
.................
132,405‌
1,000‌
FTAI Infrastructure Inc.
.............
4,530‌
128,200‌
GATX Corp.
.....................
19,905,614‌
500‌
Union Pacific Corp.
................
118,120‌
20,160,669‌
Wireless Communications — 1.0%
15,000‌
Anterix Inc.†
.....................
549,000‌
80,000‌
Millicom International Cellular SA
......
2,421,600‌
7
The Gabelli Equity Trust Inc.
Schedule of Investments (Continued) — March 31, 2025 (Unaudited)
Shares
Market
Value
COMMON STOCKS (Continued)
Wireless Communications (Continued)
105,000‌
Operadora De Sites Mexicanos SAB de CV
$ 74,602‌
30,800‌
T-Mobile US Inc.
..................
8,214,668‌
118,400‌
United States Cellular Corp.†
.........
8,187,360‌
19,447,230‌
Real Estate — 1.0%
16,750‌
American Tower Corp., REIT
..........
3,644,800‌
28,500‌
Blackstone Mortgage Trust Inc., Cl. A, REIT
570,000‌
8,000‌
Bresler & Reiner Inc.†(a)
............
200‌
13,707‌
Franklin BSP Realty Trust Inc., REIT
....
174,627‌
10,000‌
Gaming and Leisure Properties Inc., REIT
509,000‌
1,500‌
Millrose Properties Inc.†
............
39,765‌
5,000‌
Millrose Properties Inc., REIT†
........
132,550‌
17,260‌
Rayonier Inc., REIT
................
481,209‌
58,000‌
Seritage Growth Properties, Cl. A†
.....
187,340‌
1,000‌
Simon Property Group Inc., REIT
......
166,080‌
12,000‌
Tejon Ranch Co.†
.................
190,200‌
242,000‌
The St. Joe Co.
...................
11,361,900‌
23,500‌
VICI Properties Inc., REIT
...........
766,570‌
9,000‌
Weyerhaeuser Co., REIT
............
263,520‌
18,487,761‌
Automotive — 0.9%
19,150‌
Daimler Truck Holding AG
...........
768,640‌
7,500‌
Daimler Truck Holding AG, ADR
.......
150,375‌
17,300‌
General Motors Co.
................
813,619‌
186,900‌
Iveco Group NV
..................
3,045,571‌
9,450‌
Mercedes-Benz Group AG
...........
553,729‌
103,000‌
PACCAR Inc.
....................
10,029,110‌
90,000‌
Piaggio & C SpA
..................
185,778‌
25,000‌
Stellantis NV
....................
280,250‌
3,050‌
Toyota Motor Corp., ADR
............
538,417‌
52,000‌
Traton SE
.......................
1,748,678‌
18,114,167‌
Cable and Satellite — 0.9%
168,980‌
Comcast Corp., Cl. A
...............
6,235,362‌
62,500‌
EchoStar Corp., Cl. A†
..............
1,598,750‌
150,000‌
Liberty Latin America Ltd., Cl. A†
......
949,500‌
349,000‌
Rogers Communications Inc., Cl. B
.....
9,328,770‌
18,112,382‌
Metals and Mining — 0.9%
32,000‌
Agnico Eagle Mines Ltd.
............
3,469,120‌
200‌
Alliance Resource Partners LP
........
5,456‌
36,000‌
Barrick Gold Corp.
................
699,840‌
28,000‌
Cleveland-Cliffs Inc.†
...............
230,160‌
137,000‌
Freeport-McMoRan Inc.
.............
5,186,820‌
2,000‌
Materion Corp.
...................
163,200‌
60,000‌
Metallus Inc.†
....................
801,600‌
50,000‌
New Hope Corp. Ltd.
...............
115,910‌
117,000‌
Newmont Corp.
..................
5,648,760‌
Shares
Market
Value
10,000‌
Vale SA, ADR
....................
$ 99,800‌
16,420,666‌
Specialty Chemicals — 0.8%
8,000‌
AdvanSix Inc.
....................
181,200‌
3,000‌
DSM-Firmenich AG
................
296,363‌
45,000‌
DuPont de Nemours Inc.
............
3,360,600‌
7,000‌
FMC Corp.
......................
295,330‌
15,000‌
H.B. Fuller Co.
...................
841,800‌
29,000‌
International Flavors & Fragrances Inc.
..
2,250,690‌
2,800‌
Johnson Matthey plc
...............
47,888‌
25,400‌
Rogers Corp.†
...................
1,715,262‌
98,000‌
Sensient Technologies Corp.
.........
7,294,140‌
13,000‌
SGL Carbon SE†
..................
47,301‌
12,500‌
Treatt plc
.......................
54,899‌
16,385,473‌
Communications Equipment — 0.7%
11,140‌
Apple Inc.
......................
2,474,528‌
9,000‌
Arista Networks Inc.†
..............
697,320‌
178,000‌
Corning Inc.
.....................
8,148,840‌
105‌
DoorDash Inc., Cl. A†
..............
19,191‌
20,000‌
Harmonic Inc.†
...................
191,800‌
1,750‌
Motorola Solutions Inc.
.............
766,167‌
4,500‌
QUALCOMM Inc.
.................
691,245‌
33,000‌
Telesat Corp.†
...................
621,390‌
13,610,481‌
Manufactured Housing and Recreational Vehicles — 0.4%
540‌
Cavco Industries Inc.†
..............
280,600‌
36,000‌
Champion Homes Inc.†
.............
3,411,360‌
9,864‌
Legacy Housing Corp.†
.............
248,770‌
5,000‌
Martin Marietta Materials Inc.
.........
2,390,650‌
47,623‌
Nobility Homes Inc.
................
1,500,125‌
7,831,505‌
Publishing — 0.4%
1,400‌
Graham Holdings Co., Cl. B
..........
1,345,204‌
344,000‌
Louis Hachette Group†
.............
513,873‌
90,000‌
News Corp., Cl. A
.................
2,449,800‌
82,000‌
News Corp., Cl. B
.................
2,490,340‌
53,000‌
The E.W. Scripps Co., Cl. A†
..........
156,880‌
6,956,097‌
Agriculture — 0.3%
103,000‌
Archer-Daniels-Midland Co.
..........
4,945,030‌
49,000‌
Limoneira Co.
....................
868,280‌
6,500‌
The Mosaic Co.
...................
175,565‌
5,988,875‌
Semiconductors — 0.2%
8,000‌
Advanced Micro Devices Inc.†
........
821,920‌
40,000‌
Alphawave IP Group plc†
............
48,312‌
3,000‌
Applied Materials Inc.
..............
435,360‌
415‌
ASML Holding NV
.................
274,991‌
8
The Gabelli Equity Trust Inc.
Schedule of Investments (Continued) — March 31, 2025 (Unaudited)
Shares
Market
Value
COMMON STOCKS (Continued)
Semiconductors (Continued)
1,200‌
Axcelis Technologies Inc.†
...........
$ 59,604‌
6,450‌
Broadcom Inc.
...................
1,079,924‌
2,000‌
GLOBALFOUNDRIES Inc.†
...........
73,820‌
2,000‌
Lam Research Corp.
...............
145,400‌
3,000‌
nLight Inc.†
.....................
23,310‌
2,200‌
NXP Semiconductors NV
............
418,132‌
23,758‌
SkyWater Technology Inc.†
..........
168,444‌
3,000‌
Taiwan Semiconductor Manufacturing Co.
Ltd., ADR
.....................
498,000‌
4,047,217‌
Computer Hardware — 0.1%
11,000‌
Dell Technologies Inc., Cl. C
..........
1,002,650‌
5,500‌
HP Inc.
........................
152,295‌
3,000‌
NETGEAR Inc.†
...................
73,380‌
1,228,325‌
TOTAL COMMON STOCKS
.........
1,906,831,629‌
CLOSED-END FUNDS — 0.3%
245,000‌
Altaba Inc., Escrow†
...............
373,625‌
4,285‌
Royce Global Trust Inc.
.............
44,992‌
46,158‌
Royce Small-Cap Trust Inc.
..........
657,290‌
620,000‌
SuRo Capital Corp.†
...............
3,081,400‌
78,000‌
The Central Europe, Russia,
and Turkey Fund Inc.
.............
1,125,540‌
156,000‌
The New Germany Fund Inc.
.........
1,530,360‌
6,813,207‌
TOTAL CLOSED-END FUNDS
........
6,813,207‌
PREFERRED STOCKS — 0.1%
Retail — 0.1%
54,250‌
QVC Group Inc., 8.000%, 03/15/31
.....
1,400,193‌
WARRANTS — 0.0%
Energy and Utilities — 0.0%
2,504‌
Occidental Petroleum Corp., expire
08/03/27†
.....................
69,286‌
Diversified Industrial — 0.0%
379,000‌
Ampco-Pittsburgh Corp., expire 08/01/25†
4,889‌
TOTAL WARRANTS
..............
74,175‌
Principal
Amount
CONVERTIBLE CORPORATE BONDS — 0.0%
Cable and Satellite — 0.0%
$ 200,000‌
AMC Networks Inc.,
4.250%, 02/15/29(b)
.............
176,600‌
Principal
Amount
Market
Value
U.S. GOVERNMENT OBLIGATIONS — 1.1%
$ 21,020,000‌
U.S. Treasury Bills,
4.223% to 4.239%††, 06/12/25 to
06/26/25
......................
$ 20,819,015‌
TOTAL INVESTMENTS — 100.0%
....
(Cost $1,086,169,305)
............
$ 1,936,114,819‌
(a) Security is valued using significant unobservable inputs and is classified
as Level 3 in the fair value hierarchy.
(b) Security exempt from registration under Rule 144A of the Securities
Act of 1933, as amended. This security may be resold in transactions
exempt from registration, normally to qualified institutional buyers.
† Non-income producing security.
†† Represents annualized yields at dates of purchase.
ADR
American Depositary Receipt
REIT
Real Estate Investment Trust
Geographic Diversification
% of Total
Investments
Market
Value
North America
......................
85.1‌%
$ 1,647,532,759‌
Europe
..............................
12.1‌ 
234,635,907‌
Japan
...............................
1.2‌ 
22,709,170‌
Latin America
.......................
1.1‌ 
21,720,102‌
Asia/Pacific
.........................
0.5‌ 
9,516,881‌
Total Investments
...................
100.0‌%
$ 1,936,114,819‌