A Look At Mario Gabelli’s New Holdings

Mario Gabelli revealed his top six new buys for the second quarter. The companies that he bought include IAA, Clear Channel Outdoor Holdings, Allstate Corp, Invitation Holmes, Amber Road, and Array Biopharma. Despite investing on those companies, Mario Gabelli increased his position on Red Hat Inc, which is also within Warren Buffet´s Berkshire Hathaway portfolio. GAMCO Investors has a $13.16 billion equity portfolio that contains 907 stocks where 122 of those are new holdings. Gabelli says that the market will depend on the conflicts between the U.S., Beijing, and Brexit. Mario Gabelli runs Gamco, a mutual fund, and investment firm. His reputation began in the 80s when he invested in media and telecom sectors.

Q2 hedge fund letters, conference,...