# EDGAR Filing Document

**Accession Number:** 0001748425
**File Stem:** 0000940400-25-011957
**Filing Date:** 2025-11
**Character Count:** 20255
**Document Hash:** ece2c5f9b53de1997faf8bf24a40d955
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-011957.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0000940400-25-011957

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251128

**DATE AS OF CHANGE**: 20251128

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Gabelli ETFs Trust
- **CENTRAL INDEX KEY:** 0001748425

**ORGANIZATION NAME:**
- **EIN:** 831373005
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23568
- **FILM NUMBER:** 251535836

**BUSINESS ADDRESS:**
- **STREET 1:** ONE CORPORATE CENTER
- **CITY:** RYE
- **STATE:** NY
- **ZIP:** 10580
- **BUSINESS PHONE:** 914 921-8371

**MAIL ADDRESS:**
- **STREET 1:** ONE CORPORATE CENTER
- **CITY:** RYE
- **STATE:** NY
- **ZIP:** 10580

## Series and Classes Contracts Data

### Gabelli Commercial Aerospace and Defense ETF (Series ID: S000069045)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000220758 | Gabelli Commercial Aerospace and Defense ETF | GCAD            |

## Nport-Ex

#### Gabelli

#### Commercial

#### Aerospace

#### &

#### Defense

#### ETF

#### Schedule

#### of

#### Investments

#### —

#### September

#### 30,

#### 2025
(Unaudited)

#### Shares

#### Market

#### Value

#### COMMON

#### STOCKS

#### –

#### 82.0%

#### Aerospace

#### and

#### Defense

#### –

#### 54.7%
3,671

Cadre

Holdings

Inc.

................................

$

134,028

1,448

Crane

Co.

................................................

266,635

Elbit

Systems

Ltd.

...................................

108,078

Firefly

Aerospace

Inc.†

...........................

2,932

General

Dynamics

Corp.

........................

126,170

1,058

General

Electric

Co.

................................

318,267

952

HEICO

Corp.

...........................................

307,325

10,530

Hexcel

Corp.

...........................................

660,231

2,516

Howmet

Aerospace

Inc.

..........................

493,715

10,000

Innovative

Solutions

and

Support

Inc.†

..

124,900

Karman

Holdings

Inc.†

...........................

7,220

2,960

Kratos

Defense

&

Security

Solutions

Inc.†

....................................................

270,455

824

L3Harris

Technologies

Inc.

......................

251,658

1,142

Leidos

Holdings

Inc.

...............................

215,792

2,644

Leonardo

DRS

Inc.

.................................

120,038

1,928

Lockheed

Martin

Corp.

...........................

962,477

8,342

Mercury

Systems

Inc.†

...........................

645,671

Northrop

Grumman

Corp.

.......................

257,133

4,018

Park

Aerospace

Corp.

............................

81,726

16,071

Redwire

Corp.†

.......................................

144,478

2,114

RTX

Corp.

...............................................

353,736

12,052

Spirit

AeroSystems

Holdings

Inc.,

Cl. A†

465,207

5,252

Textron

Inc.

.............................................

443,741

#### Shares

#### Market

#### Value
2,538

The

Boeing

Co.†

.....................................

$

547,776

7,309,389

#### Aviation:

#### Parts

#### and

#### Services

#### –

#### 25.9%
1,676

AAR

Corp.†

............................................

150,287

3,692

Albany

International

Corp.,

Cl. A

............

196,784

7,326

Astronics

Corp.†

.....................................

334,139

3,000

ATI

Inc.†

..................................................

244,020

600

Carpenter

Technology

Corp.

...................

147,324

836

Curtiss-Wright

Corp.

...............................

453,898

5,264

Ducommun

Inc.†

....................................

506,028

2,568

Honeywell

International

Inc.

....................

540,564

2,456

Moog

Inc.,

Cl. A

......................................

510,037

20,000

New

Horizon

Aircraft

Ltd.†

......................

50,800

1,290

Woodward

Inc.

........................................

325,996

3,459,877

#### Computer

#### Software

#### and

#### Services

#### –

#### 1.4%
1,000

Palantir

Technologies

Inc.,

Cl. A†

...........

182,420

#### TOTAL

#### COMMON

#### STOCKS

#### ..........
10,951,686

#### Principal

#### Amount

#### U.S.

#### GOVERNMENT

#### OBLIGATIONS

#### –

#### 18.0%
$

2,415,000

U.S.

Treasury

Bills,

3.88%

to

4.12%††,

10/09/25

to

12/11/25

2,406,034

#### TOTAL

#### INVESTMENTS

#### —

#### 100.0%
(cost

$9,421,159)

....................................

$

13,357,720

†

Non-income

producing

security.

††

Represents

annualized

yields

at

dates

of

purchase.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Gabelli ETFs Trust

- **b. Investment Company Act file number:** 811-23568

- **c. CIK number of Registrant:** 0001748425

- **d. LEI of Registrant:** 254900GVYNJR8YXKW882

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** One Corporate Center

  - **City:** Rye

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10580-1422

  - **Telephone number:** 1-800-422-3554

**Item A.2. Information about the Series.**

- **a. Name of Series:** Gabelli Commercial Aerospace and Defense Fund

- **b. EDGAR series identifier (if any):** S000069045

- **c. LEI of Series:** 254900NQWDKGN51X5A68

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $13371012.44

**Total Liabilities:** $3.78

**Net Assets:** $13371008.66

**Cash Not Reported:** $11609.35

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000220758 | 2.17%                | 1.76%                | 4.65%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $110872.17               | $85920.20                                  |
| Month 2  | $94.98                   | $193490.02                                 |
| Month 3  | $-9959.37                | $585155.84                                 |

### Schedule of Portfolio Investments

| Name                           | Title                                   | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| General Electric Co            | General Electric Co                     | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |      1058 | NS      | $318267.56    | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill             | CUSIP: 912797QE0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    645000 | PA      | $644346.92    | 4.82%             | 2025-10-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Palantir Technologies Inc      | Palantir Technologies Inc               | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |      1000 | NS      | $182420.00    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill             | CUSIP: 912797QG5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    675000 | PA      | $673284.32    | 5.04%             | 2025-10-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Curtiss-Wright Corp            | Curtiss-Wright Corp                     | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |       836 | NS      | $453897.84    | 3.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Co                       | Crane Co                                | CUSIP: 224408104<br>LEI: 5493000CQRQOTHUODL75 | Long             | EC               | CORP              | US        |      1448 | NS      | $266634.72    | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Albany International Corp      | Albany International Corp               | CUSIP: 012348108<br>LEI: L73WCPNCZIRSQGZTW097 | Long             | EC               | CORP              | US        |      3692 | NS      | $196783.60    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Leonardo DRS Inc               | Leonardo DRS Inc                        | CUSIP: 52661A108<br>LEI: 549300HMMEWVG3PPQU18 | Long             | EC               | CORP              | US        |      2644 | NS      | $120037.60    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| AAR Corp                       | AAR Corp                                | CUSIP: 000361105<br>LEI: MP76T5YQX3YK5VVAQ802 | Long             | EC               | CORP              | US        |      1676 | NS      | $150286.92    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Woodward Inc                   | Woodward Inc                            | CUSIP: 980745103<br>LEI: YPYKXXTR8TFDH54ZMB45 | Long             | EC               | CORP              | US        |      1290 | NS      | $325995.90    | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Innovative Solutions and Suppo | Innovative Solutions and Support Inc    | CUSIP: 45769N105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10000 | NS      | $124900.00    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Spirit AeroSystems Holdings In | Spirit AeroSystems Holdings Inc         | CUSIP: 848574109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12052 | NS      | $465207.20    | 3.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Firefly Aerospace Inc          | Firefly Aerospace Inc                   | CUSIP: 31816X106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       100 | NS      | $2932.00      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Park Aerospace Corp            | Park Aerospace Corp                     | CUSIP: 70014A104<br>LEI: 5299004AG0G7IB636095 | Long             | EC               | CORP              | US        |      4018 | NS      | $81726.12     | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp                       | RTX Corp                                | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |      2114 | NS      | $353735.62    | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury Systems Inc            | Mercury Systems Inc                     | CUSIP: 589378108<br>LEI: 549300P3B84SGK7HH679 | Long             | EC               | CORP              | US        |      8342 | NS      | $645670.80    | 4.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc    | Honeywell International Inc             | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |      2568 | NS      | $540564.00    | 4.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadre Holdings Inc             | Cadre Holdings Inc                      | CUSIP: 12763L105<br>LEI: 2549006IKQEWJ8M7CB97 | Long             | EC               | CORP              | US        |      3671 | NS      | $134028.21    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Astronics Corp                 | Astronics Corp                          | CUSIP: 046433108<br>LEI: 549300NNXCF8H4MSMK17 | Long             | EC               | CORP              | US        |      7326 | NS      | $334138.86    | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corp          | General Dynamics Corp                   | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |       370 | NS      | $126170.00    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Elbit Systems Ltd              | Elbit Systems Ltd                       | CUSIP: 000000000<br>LEI: 529900Q9CB1REUMZSS32 | Long             | EC               | CORP              | IL        |       212 | NS      | $108077.60    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co/The                  | Boeing Co/The                           | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |      2538 | NS      | $547776.54    | 4.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp           | Lockheed Martin Corp                    | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      1928 | NS      | $962476.88    | 7.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Hexcel Corp                    | Hexcel Corp                             | CUSIP: 428291108<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | EC               | CORP              | US        |     10530 | NS      | $660231.00    | 4.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Karman Holdings Inc            | Karman Holdings Inc                     | CUSIP: 485924104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       100 | NS      | $7220.00      | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill             | CUSIP: 912797QY6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    510000 | PA      | $506137.60    | 3.79%             | 2025-12-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ATI Inc                        | ATI Inc                                 | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |      3000 | NS      | $244020.00    | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc           | Howmet Aerospace Inc                    | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |      2516 | NS      | $493714.68    | 3.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Ducommun Inc                   | Ducommun Inc                            | CUSIP: 264147109<br>LEI: 549300Z71HMWF90S2214 | Long             | EC               | CORP              | US        |      5264 | NS      | $506028.32    | 3.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp          | Northrop Grumman Corp                   | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |       422 | NS      | $257133.04    | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solu | Kratos Defense & Security Solutions Inc | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |      2960 | NS      | $270455.20    | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Moog Inc                       | Moog Inc                                | CUSIP: 615394202<br>LEI: 549300WM2I4U7OBAHG07 | Long             | EC               | CORP              | US        |      2456 | NS      | $510037.52    | 3.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings Inc            | Leidos Holdings Inc                     | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |      1142 | NS      | $215792.32    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Redwire Corp                   | Redwire Corp                            | CUSIP: 75776W103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16071 | NS      | $144478.29    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corp      | Carpenter Technology Corp               | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |       600 | NS      | $147324.00    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| L3Harris Technologies Inc      | L3Harris Technologies Inc               | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |       824 | NS      | $251657.84    | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Textron Inc                    | Textron Inc                             | CUSIP: 883203101<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | EC               | CORP              | US        |      5252 | NS      | $443741.48    | 3.32%             |  |  |  | No            |                  1 | On Loan: No      |
| New Horizon Aircraft Ltd       | NEW HORIZON AIRCRAFT LTD                | CUSIP: 64550A107<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     20000 | NS      | $50800.00     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| HEICO Corp                     | HEICO Corp                              | CUSIP: 422806109<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |       952 | NS      | $307324.64    | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill             | CUSIP: 912797QQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    585000 | PA      | $582264.55    | 4.35%             | 2025-11-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-28

**Name of Applicant:** Gabelli ETFs Trust

**Signature:** John C. Ball

**Name of Signer:** John C. Ball

**Title:** Treasurer