Paramount Global: Mario Gabelli's Strategic Exit with a -0.62% Portfolio Impact

This article first appeared on GuruFocus.

Insights into Mario Gabelli (Trades, Portfolio)'s Third Quarter 2025 Investment Moves

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Mario Gabelli (Trades, Portfolio) recently submitted the 13F filing for the third quarter of 2025, providing insights into his investment moves during this period. Mario J. Gabelli is the Chairman and Chief Executive Officer of GAMCO Investors Inc., the firm he founded in 1977. A 1965 summa cum laude graduate of Fordham University's College of Business Administration, he also holds an M.B.A. from Columbia University Graduate School of Business and honorary doctorates from Fordham University and Roger Williams University. Gabelli serves on the Boards of Boston College, Roger Williams University, Columbia University Graduate School of Business, the American-Italian Cancer Foundation, the Foundation for Italian Art & Culture and is a Trustee of the Winston Churchill Foundation of the United States and of the E.L. Wiegand Foundation. He was Morningstar's Portfolio Manager of the Year in 1997. He was named Money Manager of the Year by Institutional Investor for 2011 and is a member of Barron's All Star Century Team. Gabelli's GAMCO Asset Management is credited by the academic community with establishing the Private Market Value with a Catalyst investment philosophy and applying this to the analysis of public equity securities. The fund's investment approach utilizes fundamental, bottom-up research to identify securities selling below their intrinsic value. GAMCO seeks to identify mispriced companies with strong businesses and the presence of a catalyst that will create value.Paramount Global: Mario Gabelli's Strategic Exit with a -0.62% Portfolio Impact

Summary of New Buy

Mario Gabelli (Trades, Portfolio) added a total of 36 stocks, among them:

The most significant addition was Aebi Schmidt Holding AG (NASDAQ:AEBI), with 392,093 shares, accounting for 0.05% of the portfolio and a total value of $4.89 million. The second largest addition to the portfolio was Stubhub Holdings Inc (NYSE:STUB), consisting of 268,305 shares, representing approximately 0.04% of the portfolio, with a total value of $4.52 million. The third largest addition was Sandstorm Gold Ltd (SAND), with 263,900 shares, accounting for 0.03% of the portfolio and a total value of $3.30 million.

Key Position Increases

Mario Gabelli (Trades, Portfolio) also increased stakes in a total of 203 stocks, among them:

The most notable increase was Caesars Entertainment Inc (NASDAQ:CZR), with an additional 420,922 shares, bringing the total to 999,162 shares. This adjustment represents a significant 72.79% increase in share count, a 0.11% impact on the current portfolio, with a total value of $27,002,350. The second largest increase was Chart Industries Inc (NYSE:GTLS), with an additional 29,399 shares, bringing the total to 165,972. This adjustment represents a significant 21.53% increase in share count, with a total value of $33,219,300.

Story Continues

Summary of Sold Out

Mario Gabelli (Trades, Portfolio) completely exited 70 holdings in the third quarter of 2025, as detailed below:

Paramount Global (PARAA): Mario Gabelli (Trades, Portfolio) sold all 2,737,775 shares, resulting in a -0.62% impact on the portfolio. Walgreens Boots Alliance Inc (WBA): Mario Gabelli (Trades, Portfolio) liquidated all 1,360,830 shares, causing a -0.15% impact on the portfolio.

Key Position Reduces

Mario Gabelli (Trades, Portfolio) also reduced positions in 553 stocks. The most significant changes include:

Reduced Mueller Industries Inc (NYSE:MLI) by 404,261 shares, resulting in a -15.56% decrease in shares and a -0.32% impact on the portfolio. The stock traded at an average price of $91.79 during the quarter and has returned 17.91% over the past 3 months and 38.75% year-to-date. Reduced Modine Manufacturing Co (NYSE:MOD) by 193,307 shares, resulting in a -16.36% reduction in shares and a -0.19% impact on the portfolio. The stock traded at an average price of $127.24 during the quarter and has returned 3.72% over the past 3 months and 27.15% year-to-date.

Portfolio Overview

At the third quarter of 2025, Mario Gabelli (Trades, Portfolio)'s portfolio included 987 stocks, with top holdings including 2.16% in Mueller Industries Inc (NYSE:MLI), 2.09% in GATX Corp (NYSE:GATX), 1.97% in Crane Co (NYSE:CR), 1.46% in Sony Group Corp (NYSE:SONY), and 1.45% in American Express Co (NYSE:AXP).Paramount Global: Mario Gabelli's Strategic Exit with a -0.62% Portfolio Impact

The holdings are mainly concentrated in all 11 industries: Industrials, Consumer Cyclical, Communication Services, Financial Services, Technology, Basic Materials, Consumer Defensive, Healthcare, Utilities, Energy, and Real Estate.

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