# EDGAR Filing Document

**Accession Number:** 0000853438
**File Stem:** 0000940400-26-022957
**Filing Date:** 2026-6
**Character Count:** 43772
**Document Hash:** bc19806d470337cce264507d5a2e26f4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-022957.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0000940400-26-022957

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260601

**DATE AS OF CHANGE**: 20260601

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GABELLI VALUE 25 FUND INC
- **CENTRAL INDEX KEY:** 0000853438

**ORGANIZATION NAME:**
- **EIN:** 061283268
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05848
- **FILM NUMBER:** 261048664

**BUSINESS ADDRESS:**
- **STREET 1:** ONE CORPORATE CENTER
- **STREET 2:** ONE CORPORATE CENTER
- **CITY:** RYE
- **STATE:** NY
- **ZIP:** 10580
- **BUSINESS PHONE:** 9149217728

**MAIL ADDRESS:**
- **STREET 1:** ONE CORPORATE CENTER
- **STREET 2:** ONE CORPORATE CENTER
- **CITY:** RYE
- **STATE:** NY
- **ZIP:** 10580

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GABELLI VALUE FUND INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### THE GABELLI VALUE 25 FUND INC. (Series ID: S000001076)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000002902 | CLASS A      | GABVX           |
| C000002904 | CLASS C      | GVCCX           |
| C000034316 | CLASS I      | GVCIX           |
| C000088645 | Class AAA    | GVCAX           |

## Nport-Ex

#### The

#### Gabelli

#### Value

#### 25

#### Fund

#### Inc.

#### Schedule

#### of

#### Investments

#### —

#### March

#### 31,

#### 2026
(Unaudited)

#### Shares

#### Market

#### Value

#### COMMON

#### STOCKS

#### —

#### 91

#### .9

#### %

#### Automotive:

#### Parts

#### and

#### Accessories

#### —

#### 2

#### .8

#### %
16,000

Dana

Inc.

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

$

538,400

78,000

Garrett

Motion

Inc.

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

1,417,260

39,000

Genuine

Parts

Co.

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

4,124,250

41,000

Monro

Inc.

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

657,640

6,737,550

#### Broadcasting

#### —

#### 3

#### .0

#### %
1,300

GCI

Liberty

Inc.

,

Cl. A

†

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

47,905

33,880

GCI

Liberty

Inc.

,

Cl. C

†

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

1,260,675

6,500

Liberty

Broadband

Corp.

,

Cl. A

†

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

326,430

14,500

Liberty

Broadband

Corp.

,

Cl. C

†

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

729,350

173,000

Sinclair

Inc.

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

2,238,620

3,200

Sirius

XM

Holdings

Inc.

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

73,856

65,000

Versant

Media

Group

Inc.

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

2,406,300

7,083,136

#### Cable

#### and

#### Satellite

#### —

#### 2

#### .8

#### %
18,500

AMC

Networks

Inc.

,

Cl. A

†

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

125,615

65,000

Comcast

Corp.

,

Cl. A

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

1,866,150

20,000

EchoStar

Corp.

,

Cl. A

†

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

2,341,400

61,000

Rogers

Communications

Inc.

,

Cl. B

...........

2,345,450

6,678,615

#### Computer

#### Software

#### and

#### Services

#### —

#### 0

#### .4

#### %
1,750

Meta

Platforms

Inc.

,

Cl. A

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

1,001,227

#### Consumer

#### Products

#### —

#### 1

#### .1

#### %
14,000

Edgewell

Personal

Care

Co.

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

298,760

50,000

Energizer

Holdings

Inc.

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

821,000

26,500

The

Scotts

Miracle-Gro

Co.

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

1,611,465

2,731,225

#### Copyright/Creativity

#### Companies

#### —

#### 0

#### .2

#### %
36,000

NIQ

Global

Intelligence

plc

†

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

409,320

#### Diversified

#### Industrial

#### —

#### 5

#### .5

#### %
15,000

Albany

International

Corp.

,

Cl. A

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

783,150

39,000

Ampco-Pittsburgh

Corp.

†

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

262,080

273,000

Bollore

SE

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

1,545,549

49,500

Crane

Co.

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

8,464,500

2,000

Franklin

Electric

Co.

Inc.

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

184,340

8,000

Honeywell

International

Inc.

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

1,808,240

13,047,859

#### Electronics

#### —

#### 4

#### .8

#### %
25,000

Resideo

Technologies

Inc.

†

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

842,750

518,500

Sony

Group

Corp.

,

ADR

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

10,732,950

11,575,700

#### Energy

#### and

#### Utilities

#### —

#### 7

#### .9

#### %
52,500

APA

Corp.

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

2,228,100

13,000

Avista

Corp.

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

521,820

12,000

Exxon

Mobil

Corp.

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

2,035,920

22,500

Halliburton

Co.

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

877,275

32,500

Innovex

International

Inc.

†

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

792,675

#### Shares

#### Market

#### Value
131,500

National

Fuel

Gas

Co.

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

$

12,355,740

2,000

Southwest

Gas

Holdings

Inc.

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

173,800

18,985,330

#### Entertainment

#### —

#### 22

#### .0

#### %
60,000

Atlanta

Braves

Holdings

Inc.

,

Cl. A

†

..........

2,829,000

125,300

Atlanta

Braves

Holdings

Inc.

,

Cl. C

†

..........

5,350,310

36,500

Fox

Corp.

,

Cl. A

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

2,131,600

21,000

Fox

Corp.

,

Cl. B

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

1,115,100

1,155,000

Grupo

Televisa

SAB

,

ADR

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

3,361,050

50,000

Havas

NV

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

866,310

1,000

Liberty

Live

Holdings

Inc.

,

Cl. C

†

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

94,110

73,200

Madison

Square

Garden

Entertainment

Corp.

†

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

4,312,212

49,000

Madison

Square

Garden

Sports

Corp.

†

.....

15,748,600

285,000

Ollamani

SAB

†

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

1,164,774

74,800

Sphere

Entertainment

Co.

†

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

8,781,520

28,700

The

Walt

Disney

Co.

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

2,766,106

300,000

Vivendi

SE

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

615,490

125,000

Warner

Bros

Discovery

Inc.

†

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

3,432,500

52,568,682

#### Environmental

#### Services

#### —

#### 5

#### .4

#### %
40,900

Republic

Services

Inc.

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

8,957,918

24,000

Waste

Connections

Inc.

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

3,898,560

12,856,478

#### Equipment

#### and

#### Supplies

#### —

#### 3

#### .3

#### %
9,800

Chart

Industries

Inc.

†

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

2,026,150

46,000

Flowserve

Corp.

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

3,381,460

6,200

Valmont

Industries

Inc.

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

2,477,334

7,884,944

#### Financial

#### Services

#### —

#### 13

#### .1

#### %
26,300

American

Express

Co.

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

7,955,224

19,500

Citigroup

Inc.

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

2,211,495

30,000

Loews

Corp.

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

3,202,200

85,000

Sony

Financial

Group

Inc.

,

ADR

†

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

383,350

126,000

The

Bank

of

New

York

Mellon

Corp.

..........

14,947,380

1,800

The

Goldman

Sachs

Group

Inc.

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

1,522,782

5,000

The

PNC

Financial

Services

Group

Inc.

......

1,040,450

31,262,881

#### Food

#### and

#### Beverage

#### —

#### 2

#### .4

#### %
54,500

Diageo

plc

,

ADR

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

4,057,525

30,000

Mondelēz

International

Inc.

,

Cl. A

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

1,729,200

5,786,725

#### Health

#### Care

#### —

#### 1

#### .0

#### %
52,000

Baxter

International

Inc.

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

873,600

20,000

Perrigo

Co.

plc

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

214,800

14,000

Zimmer

Biomet

Holdings

Inc.

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

1,265,880

2,354,280

#### Machinery

#### —

#### 1

#### .5

#### %
327,200

CNH

Industrial

NV

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

3,599,200

#### The

#### Gabelli

#### Value

#### 25

#### Fund

#### Inc.

#### Schedule

#### of

#### Investments
(Continued)

#### —

#### March

#### 31,

#### 2026
(Unaudited)

#### Shares

#### Market

#### Value

#### COMMON

#### STOCKS
(Continued)

#### Metals

#### and

#### Mining

#### —

#### 8

#### .6

#### %
20,500

Freeport-McMoRan

Inc.

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

$

1,204,990

179,700

Newmont

Corp.

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

19,452,525

20,657,515

#### Real

#### Estate

#### —

#### 1

#### .6

#### %
40,000

Ryman

Hospitality

Properties

Inc.

,

REIT

....

3,690,800

#### Retail

#### —

#### 0

#### .4

#### %
16,000

Advance

Auto

Parts

Inc.

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

844,000

#### Telecommunication

#### Services

#### —

#### 0

#### .7

#### %
120,000

Liberty

Global

Ltd.

,

Cl. A

†

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

1,450,800

23,000

Liberty

Global

Ltd.

,

Cl. C

†

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

269,790

1,720,590

#### Telecommunications

#### —

#### 3

#### .4

#### %
50,000

Array

Digital

Infrastructure

Inc.

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

2,307,000

1,500

Charter

Communications

Inc.

,

Cl. A

†

.........

323,820

28,000

Sunrise

Communications

AG

,

Cl. A

...........

1,657,029

90,500

Telephone

and

Data

Systems

Inc.

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

3,810,050

8,097,899

#### TOTAL

#### COMMON

#### STOCKS
........................

219,573,956

#### Shares

#### Market

#### Value

#### RIGHTS

#### —
0.0 #### %

#### Health

#### Care

#### —
0.0 #### %
2,000

ABIOMED

Inc.

,

CVR

†

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

$

3,200

#### Principal

#### Amount

#### U.S.

#### GOVERNMENT

#### OBLIGATIONS

#### —

#### 8

#### .1

#### %
$

19,546,000

U.S.

Treasury

Bills,

3.597 %

to

3.781 %

††

,

04/16/26

to

06/18/26

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

19,438,133

#### TOTAL

#### INVESTMENTS

#### —

#### 100.0%
(Cost

$

100,936,941)

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

$

239,015,289

†

Non-income

producing

security.

††

Represents

annualized

yields

at

dates

of

purchase.

ADR

American

Depositary

Receipt

CVR

Contingent

Value

Right

REIT

Real

Estate

Investment

Trust

## 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 Value 25 Fund Inc

- **b. Investment Company Act file number:** 811-05848

- **c. CIK number of Registrant:** 0000853438

- **d. LEI of Registrant:** 549300RVNFJB7NA2YZ42

- **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:** The Gabelli Value 25 Fund Inc.

- **b. EDGAR series identifier (if any):** S000001076

- **c. LEI of Series:** 549300RVNFJB7NA2YZ42

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $239875705.55

**Total Liabilities:** $644023.94

**Net Assets:** $239231681.61

**Cash Not Reported:** $4150.62

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000034316 | 3.67%                | 4.98%                | -5.71%               |
| Class ID C000088645 | 3.58%                | 5.06%                | -5.86%               |
| Class ID C000002902 | 3.65%                | 5.03%                | -5.83%               |
| Class ID C000002904 | 3.58%                | 4.99%                | -5.85%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $8457525.00              | $-395936.92                                |
| Month 2  | $4541921.47              | $7715992.33                                |
| Month 3  | $2138357.70              | $-16932038.74                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Dana Inc.                                | Dana Inc. COM                                         | CUSIP: 235825205<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | EC               | CORP              | US        |     16000 | NS      | $538400.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Broadband Corporation            | Liberty Broadband Corporation COM SER A               | CUSIP: 530307107<br>LEI: 549300MIX43II8JLN536 | Long             | EC               | CORP              | US        |      6500 | NS      | $326430.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimmer Biomet Holdings Inc               | Zimmer Biomet Holdings Inc COM                        | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |     14000 | NS      | $1265880.00   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services, Inc.                  | Republic Services, Inc. COM                           | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |     40900 | NS      | $8957918.00   | 3.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Bros. Discovery Inc.              | Warner Bros. Discovery Inc. COM SER A                 | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |    125000 | NS      | $3432500.00   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| TELEPHONE & DATA SYSTEMS INC             | Telephone and Data Systems Inc. COM NEW               | CUSIP: 879433829<br>LEI: 5299003YZW5BE2NNLO37 | Long             | EC               | CORP              | US        |     90500 | NS      | $3810050.00   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| EchoStar Corp.                           | EchoStar Corp. CL A                                   | CUSIP: 278768106<br>LEI: 549300EE20907QZ9GT38 | Long             | EC               | CORP              | US        |     20000 | NS      | $2341400.00   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| MADISON SQUARE GARDEN ENTERTAINMENT CORP | Madison Square Garden Entertainment Corp New COM CL A | CUSIP: 558256103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     73200 | NS      | $4312212.00   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| AMC Networks Inc                         | AMC Networks Inc CL A                                 | CUSIP: 00164V103<br>LEI: 549300VGG9K75226LR46 | Long             | EC               | CORP              | US        |     18500 | NS      | $125615.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| The Bank of New York Mellon Corp.        | The Bank of New York Mellon Corp. COM                 | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |    126000 | NS      | $14947380.00  | 6.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Avista Corporation                       | Avista Corporation COM                                | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |     13000 | NS      | $521820.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corporation                          | Fox Corporation CL A COM                              | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |     36500 | NS      | $2131600.00   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Bollore SE                               | Bollore SE EUR0.16                                    | CUSIP: 000000000<br>LEI: 969500LEKCHH6VV86P94 | Long             | EC               | CORP              | FR        |    273000 | NS      | $1545549.45   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Genuine Parts Co                         | Genuine Parts Co COM                                  | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               | CORP              | US        |     39000 | NS      | $4124250.00   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Havas NV                                 | Havas NV EUR2 (POST CONS)                             | CUSIP: 000000000<br>LEI: 894500L53AVOFQK7T710 | Long             | EC               | CORP              | NL        |     50000 | NS      | $866309.58    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills             | B 0 05/07/26                                          | CUSIP: 912797SP3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1295000 | PA      | $1290279.73   | 0.54%             | 2026-05-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Newmont Corporation                      | Newmont Corporation COM                               | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |    179700 | NS      | $19452525.00  | 8.13%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills             | B 0 06/18/26                                          | CUSIP: 912797TD9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7585000 | PA      | $7526001.37   | 3.15%             | 2026-06-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MADISON SQUARE GARDEN SPORTS CORP        | Madison Square Garden Sports Corp. CL A               | CUSIP: 55825T103<br>LEI: 529900BQELIZ5ZQYB788 | Long             | EC               | CORP              | US        |     49000 | NS      | $15748600.00  | 6.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryman Hospitality Properties Inc         | Ryman Hospitality Properties Inc COM                  | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               | CORP              | US        |     40000 | NS      | $3690800.00   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| LIBERTY GLOBAL LTD                       | Liberty Global Ltd. COM CL C                          | CUSIP: 000000000<br>LEI: 213800HRMKKTYH7SKA24 | Long             | EC               | CORP              | BM        |     23000 | NS      | $269790.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Company                | National Fuel Gas Company COM                         | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |    131500 | NS      | $12355740.00  | 5.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunrise Communications AG                | Sunrise Communications AG CHF0.1 A                    | CUSIP: 000000000<br>LEI: 213800RS9HRGTWOGCO08 | Long             | EC               | CORP              | CH        |     28000 | NS      | $1657028.51   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Energizer Holdings Inc                   | Energizer Holdings Inc COM                            | CUSIP: 29272W109<br>LEI: 5493000D6NN0V57UME20 | Long             | EC               | CORP              | US        |     50000 | NS      | $821000.00    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Diageo PLC                               | Diageo PLC SPON ADR NEW                               | CUSIP: 25243Q205<br>LEI: 213800ZVIELEA55JMJ32 | Long             | EC               | CORP              | GB        |     54500 | NS      | $4057525.00   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Innovex International Inc.               | Innovex International Inc. COM                        | CUSIP: 457651107<br>LEI: 5299007REICYIJNMW197 | Long             | EC               | CORP              | US        |     32500 | NS      | $792675.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| NIQ Global Intelligence PLC              | NIQ Global Intelligence PLC ORDINARY SHARES           | CUSIP: 000000000<br>LEI: 529900Z0P0XAM4O3H416 | Long             | EC               | CORP              | IE        |     36000 | NS      | $409320.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowserve Corporation                    | Flowserve Corporation COM                             | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |     46000 | NS      | $3381460.00   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills             | B 0 06/11/26                                          | CUSIP: 912797QX8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1925000 | PA      | $1911347.69   | 0.80%             | 2026-06-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Liberty Broadband Corporation            | Liberty Broadband Corporation COM SER C               | CUSIP: 530307305<br>LEI: 549300MIX43II8JLN536 | Long             | EC               | CORP              | US        |     14500 | NS      | $729350.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc.             | Honeywell International Inc. COM                      | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |      8000 | NS      | $1808240.00   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Advance Auto Parts Inc.                  | Advance Auto Parts Inc. COM                           | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |     16000 | NS      | $844000.00    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Group Corp.                         | Sony Group Corp. SPONSORED ADR                        | CUSIP: 835699307<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |    518500 | NS      | $10732950.00  | 4.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlanta Braves Holdings Inc              | Atlanta Braves Holdings Inc COM SER C                 | CUSIP: 047726302<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    125300 | NS      | $5350310.00   | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Electric Co Inc                 | Franklin Electric Co Inc COM                          | CUSIP: 353514102<br>LEI: RR6AURIKMXUE4Q24G284 | Long             | EC               | CORP              | US        |      2000 | NS      | $184340.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| GCI LIBERTY INC                          | GCI Liberty Inc. COM SER A                            | CUSIP: 36164V602<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1300 | NS      | $47905.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills             | B 0 04/16/26                                          | CUSIP: 912797QD2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    470000 | PA      | $469289.71    | 0.20%             | 2026-04-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills             | B 0 05/21/26                                          | CUSIP: 912797SV0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    869000 | PA      | $864629.36    | 0.36%             | 2026-05-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Comcast Corporation                      | Comcast Corporation CL A                              | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     65000 | NS      | $1866150.00   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Array Digital Infrastructure Inc.        | Array Digital Infrastructure Inc. COM                 | CUSIP: 911684108<br>LEI: 549300B164AZXESI6E03 | Long             | EC               | CORP              | US        |     50000 | NS      | $2307000.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                       | Meta Platforms Inc CL A                               | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      1750 | NS      | $1001227.50   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| WASTE CONNECTIONS INC                    | Waste Connections Inc. COM                            | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |     24000 | NS      | $3898560.00   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications, Inc.             | Charter Communications, Inc. CL A                     | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |      1500 | NS      | $323820.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Abiomed Inc                              | Abiomed Inc USD0.01 SUBS RTS                          | CUSIP: 003CVR016<br>LEI: 5493001EZN4ZTB4Z5887 | Long             | EC               | CORP              | US        |      2000 | NS      | $3200.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Edgewell Personal Care Co                | Edgewell Personal Care Co COM                         | CUSIP: 28035Q102<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | EC               | CORP              | US        |     14000 | NS      | $298760.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| VERSANT MEDIA GROUP INC                  | Versant Media Group Inc. COM CL A                     | CUSIP: 925283103<br>LEI: 254900D2Q5F5F229PU30 | Long             | EC               | CORP              | US        |     65000 | NS      | $2406300.00   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlanta Braves Holdings Inc              | Atlanta Braves Holdings Inc COM SER A                 | CUSIP: 047726104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     60000 | NS      | $2829000.00   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Company                      | Walt Disney Company COM                               | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     28700 | NS      | $2766106.00   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Ollamani SAB                             | Ollamani SAB CPO                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | MX        |    285000 | NS      | $1164774.31   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| The Scotts Miracle-Gro Company           | The Scotts Miracle-Gro Company CL A                   | CUSIP: 810186106<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | EC               | CORP              | US        |     26500 | NS      | $1611465.00   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Resideo Technologies Inc                 | Resideo Technologies Inc COM                          | CUSIP: 76118Y104<br>LEI: 5493006TKFPYISY2DS54 | Long             | EC               | CORP              | US        |     25000 | NS      | $842750.00    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Garrett Motion Inc                       | Garrett Motion Inc COM                                | CUSIP: 366505105<br>LEI: 549300LS5WT7EMBNV724 | Long             | EC               | CORP              | US        |     78000 | NS      | $1417260.00   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group Inc.        | PNC Financial Services Group Inc. COM                 | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |      5000 | NS      | $1040450.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| LIBERTY GLOBAL LTD                       | Liberty Global Ltd. COM CL A                          | CUSIP: 000000000<br>LEI: 213800HRMKKTYH7SKA24 | Long             | EC               | CORP              | BM        |    120000 | NS      | $1450800.00   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Perrigo Company PLC                      | Perrigo Company PLC COM EUR0.001                      | CUSIP: 000000000<br>LEI: 549300IFOQS6R1QLY196 | Long             | EC               | CORP              | IE        |     20000 | NS      | $214800.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Sphere Entertainment Co.                 | Sphere Entertainment Co. CL A                         | CUSIP: 55826T102<br>LEI: 254900ZW4JWKYRZZ9A91 | Long             | EC               | CORP              | US        |     74800 | NS      | $8781520.00   | 3.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc.              | Mondelez International Inc. CL A                      | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |     30000 | NS      | $1729200.00   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Co.                                | Crane Co. COMMON STOCK                                | CUSIP: 224408104<br>LEI: 5493000CQRQOTHUODL75 | Long             | EC               | CORP              | US        |     49500 | NS      | $8464500.00   | 3.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Financial Group Inc.                | Sony Financial Group Inc. UNSPONSERED ADS             | CUSIP: 83571B100<br>LEI: 353800O7BDSU41WOZA60 | Long             | EC               | CORP              | JP        |     85000 | NS      | $383350.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| GCI LIBERTY INC                          | GCI Liberty Inc. COM SER C                            | CUSIP: 36164V800<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33880 | NS      | $1260674.80   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Monro Inc                                | Monro Inc COM                                         | CUSIP: 610236101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     41000 | NS      | $657640.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills             | B 0 05/28/26                                          | CUSIP: 912797SW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    745000 | PA      | $740727.55    | 0.31%             | 2026-05-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills             | B 0 05/14/26                                          | CUSIP: 912797QN0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2107000 | PA      | $2097859.56   | 0.88%             | 2026-05-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Loews Corporation                        | Loews Corporation COM                                 | CUSIP: 540424108<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | EC               | CORP              | US        |     30000 | NS      | $3202200.00   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| AMPCO PITTSBURGH CORP                    | Ampco Pittsburgh Corp. COM                            | CUSIP: 032037103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39000 | NS      | $262080.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills             | B 0 04/23/26                                          | CUSIP: 912797SM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2745000 | PA      | $2738912.36   | 1.14%             | 2026-04-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Halliburton Company                      | Halliburton Company COM                               | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |     22500 | NS      | $877275.00    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Vivendi SE                               | Vivendi SE EUR0.55                                    | CUSIP: 000000000<br>LEI: 969500FU4DRAEVJW7U54 | Long             | EC               | CORP              | FR        |    300000 | NS      | $615490.13    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Gas Holdings Inc               | Southwest Gas Holdings Inc COM                        | CUSIP: 844895102<br>LEI: 254900LKF9EV0CUKNE09 | Long             | EC               | CORP              | US        |      2000 | NS      | $173800.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| LIBERTY LIVE HOLDINGS INC                | Liberty Live Holdings Inc. COM SHS SER C              | CUSIP: 530909308<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1000 | NS      | $94110.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Rogers Communications Inc.               | Rogers Communications Inc. CL B                       | CUSIP: 775109200<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | EC               | CORP              | CA        |     61000 | NS      | $2345450.00   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Chart Industries Inc                     | Chart Industries Inc COM                              | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |      9800 | NS      | $2026150.00   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Baxter International, Inc.               | Baxter International, Inc. COM                        | CUSIP: 071813109<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | EC               | CORP              | US        |     52000 | NS      | $873600.00    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corporation                          | Fox Corporation CL B COM                              | CUSIP: 35137L204<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |     21000 | NS      | $1115100.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills             | B 0 06/04/26                                          | CUSIP: 912797SX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    185000 | PA      | $183812.30    | 0.08%             | 2026-06-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Exxon Mobil Corp.                        | Exxon Mobil Corp. COM                                 | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     12000 | NS      | $2035920.00   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc.                           | Citigroup Inc. COM NEW                                | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     19500 | NS      | $2211495.00   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc.                | Goldman Sachs Group, Inc. COM                         | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      1800 | NS      | $1522782.00   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| CNH INDUSTRIAL NV                        | CNH Industrial N.V. COM EUR0.01                       | CUSIP: 000000000<br>LEI: 549300WGC2HZ5J67V817 | Long             | EC               | CORP              | NL        |    327200 | NS      | $3599200.00   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Televisa S.A.B.                    | Grupo Televisa S.A.B. SPON ADR REP ORD                | CUSIP: 40049J206<br>LEI: 549300O4AF0C816ILN62 | Long             | EC               | CORP              | MX        |   1155000 | NS      | $3361050.00   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| APA Corp.                                | APA Corp. COM                                         | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |     52500 | NS      | $2228100.00   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Valmont Industries, Inc.                 | Valmont Industries, Inc. COM                          | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |      6200 | NS      | $2477334.00   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SIRIUS XM HOLDINGS INC                   | SiriusXM Holdings Inc COMMON STOCK                    | CUSIP: 829933100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3200 | NS      | $73856.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SINCLAIR INC                             | Sinclair Inc. CL A                                    | CUSIP: 829242106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    173000 | NS      | $2238620.00   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills             | B 0 04/30/26                                          | CUSIP: 912797SN8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1620000 | PA      | $1615273.29   | 0.68%             | 2026-04-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Albany International Corp.               | Albany International Corp. CL A                       | CUSIP: 012348108<br>LEI: L73WCPNCZIRSQGZTW097 | Long             | EC               | CORP              | US        |     15000 | NS      | $783150.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Company                 | American Express Company COM                          | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |     26300 | NS      | $7955224.00   | 3.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc.                    | Freeport-McMoRan Inc. CL B                            | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |     20500 | NS      | $1204990.00   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-29

**Name of Applicant:** Gabelli Value 25 Fund Inc

**Signature:** John C. Ball

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

**Title:** Treasurer