Mario Gabelli's Strategic Moves: A Closer Look at Versant Media Group Inc

This article first appeared on GuruFocus.

Insights from the First Quarter of 2026

Mario Gabelli (Trades, Portfolio) recently submitted the 13F filing for the first quarter of 2026, 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.

Warning! GuruFocus has detected 7 Warning Signs with MSGS. Is MSGS fairly valued? Test your thesis with our free DCF calculator.Mario Gabelli's Strategic Moves: A Closer Look at Versant Media Group Inc

Summary of New Buy

Mario Gabelli (Trades, Portfolio) added a total of 46 stocks, among them:

The most significant addition was Versant Media Group Inc (NASDAQ:VSNT), with 1,111,366 shares, accounting for 0.41% of the portfolio and a total value of $41.14 million. The second largest addition to the portfolio was Pinnacle Financial Partners Inc (NYSE:PNFP), consisting of 130,933 shares, representing approximately 0.11% of the portfolio, with a total value of $11.28 million. The third largest addition was Gabelli Opportunities in Live and Sports ETF (GOLS), with 220,810 shares, accounting for 0.05% of the portfolio and a total value of $5.40 million.

Key Position Increases

Mario Gabelli (Trades, Portfolio) also increased stakes in a total of 317 stocks, among them:

The most notable increase was Albany International Corp (NYSE:AIN), with an additional 429,561 shares, bringing the total to 644,605 shares. This adjustment represents a significant 199.75% increase in share count, a 0.22% impact on the current portfolio, with a total value of $33.65 million. The second largest increase was Monro Inc (NASDAQ:MNRO), with an additional 964,470 shares, bringing the total to 2,517,902. This adjustment represents a significant 62.09% increase in share count, with a total value of $40.39 million.

Story Continues

Summary of Sold Out

Mario Gabelli (Trades, Portfolio) completely exited 72 holdings in the first quarter of 2026, as detailed below:

Tegna Inc (TGNA): Mario Gabelli (Trades, Portfolio) sold all 2,051,302 shares, resulting in a -0.38% impact on the portfolio. Confluent Inc (CFLT): Mario Gabelli (Trades, Portfolio) liquidated all 836,800 shares, causing a -0.24% impact on the portfolio.

Key Position Reduces

Mario Gabelli (Trades, Portfolio) also reduced positions in 437 stocks. The most significant changes include:

Reduced Modine Manufacturing Co (NYSE:MOD) by 279,376 shares, resulting in a -33.63% decrease in shares and a -0.36% impact on the portfolio. The stock traded at an average price of $188.24 during the quarter and has returned 27.10% over the past 3 months and 106.11% year-to-date. Reduced Dana Inc (NYSE:DAN) by 1,081,342 shares, resulting in a -47.17% reduction in shares and a -0.25% impact on the portfolio. The stock traded at an average price of $31.26 during the quarter and has returned 1.39% over the past 3 months and 42.48% year-to-date.

Portfolio Overview

At the first quarter of 2026, Mario Gabelli (Trades, Portfolio)'s portfolio included 983 stocks, with top holdings including 1.86% in Madison Square Garden Sports Corp (NYSE:MSGS), 1.85% in GATX Corp (NYSE:GATX), 1.79% in Mueller Industries Inc (NYSE:MLI), 1.68% in Crane Co (NYSE:CR), and 1.27% in National Fuel Gas Co (NYSE:NFG).Mario Gabelli's Strategic Moves: A Closer Look at Versant Media Group Inc

The holdings are mainly concentrated in 11 industries: Industrials, Communication Services, Consumer Cyclical, Financial Services, Technology, Basic Materials, Consumer Defensive, Energy, Utilities, Healthcare, and Real Estate.Mario Gabelli's Strategic Moves: A Closer Look at Versant Media Group Inc

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