# EDGAR Filing Document

**Accession Number:** 0000853438
**File Stem:** 0001752724-23-050005
**Filing Date:** 2023-3
**Character Count:** 27338
**Document Hash:** 00b9ced2e2dc00e56ed9ddc2b2a72c3a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-050005.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0001752724-23-050005

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230301

**DATE AS OF CHANGE**: 20230301

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GABELLI VALUE 25 FUND INC
- **CENTRAL INDEX KEY:** 0000853438
- **IRS NUMBER:** 061283268
- **STATE OF INCORPORATION:** CT
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05848
- **FILM NUMBER:** 23692181

**BUSINESS ADDRESS:**
- **STREET 1:** ONE CORPORATE CENTER
- **CITY:** RYE
- **STATE:** NY
- **ZIP:** 10580
- **BUSINESS PHONE:** 9149215070

**MAIL ADDRESS:**
- **STREET 1:** 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           |

## 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:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-30

**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:** $232131587.46

**Total Liabilities:** $426124.69

**Net Assets:** $231705462.77

**Cash Not Reported:** $15888.62

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000034316 | 8.66%                | 7.09%                | -4.12%               |
| Class ID C000088645 | 8.71%                | 6.95%                | -4.07%               |
| Class ID C000002902 | 8.66%                | 7.00%                | -4.05%               |
| Class ID C000002904 | 8.58%                | 6.83%                | -4.13%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3838663.46              | $15311866.94                               |
| Month 2  | $9929297.70              | $7207631.22                                |
| Month 3  | $-382264.50              | $-10346328.99                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Warner Bros Discovery Inc      | Warner Bros Discovery Inc                | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |    160000 | NS      | $1516800.00   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Resideo Technologies Inc       | Resideo Technologies Inc                 | CUSIP: 76118Y104<br>LEI: 5493006TKFPYISY2DS54 | Long             | EC               | CORP              | US        |    115000 | NS      | $1891750.00   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Vivendi SE                     | Vivendi SE                               | CUSIP: 000000000<br>LEI: 969500FU4DRAEVJW7U54 | Long             | EC               | CORP              | FR        |    175000 | NS      | $1669848.48   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corp                       | Fox Corp                                 | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |     44500 | NS      | $1351465.00   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| AMC Networks Inc               | AMC Networks Inc                         | CUSIP: 00164V103<br>LEI: 549300VGG9K75226LR46 | Long             | EC               | CORP              | US        |     18500 | NS      | $289895.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of New York Mellon Corp/T | Bank of New York Mellon Corp/The         | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |    195000 | NS      | $8876400.00   | 3.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Ampco-Pittsburgh Corp          | Ampco-Pittsburgh Corp                    | CUSIP: 032037103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     36160 | NS      | $90761.60     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Televisa SAB             | Grupo Televisa SAB                       | CUSIP: 40049J206<br>LEI: 549300O4AF0C816ILN62 | Long             | EC               | CORP              | MX        |    605000 | NS      | $2758800.00   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Global PLC             | Liberty Global PLC                       | CUSIP: 000000000<br>LEI: 549300BSGXG3QLIQYT84 | Long             | EC               | CORP              | GB        |     38000 | NS      | $738340.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Global PLC             | Liberty Global PLC                       | CUSIP: 000000000<br>LEI: 549300BSGXG3QLIQYT84 | Long             | EC               | CORP              | GB        |    139000 | NS      | $2631270.00   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Telephone and Data Systems Inc | Telephone and Data Systems Inc           | CUSIP: 879433829<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    125000 | NS      | $1311250.00   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Connections Inc          | Waste Connections Inc                    | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | US        |     36000 | NS      | $4772160.00   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Genuine Parts Co               | Genuine Parts Co                         | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               | CORP              | US        |     64000 | NS      | $11104640.00  | 4.79%             |  |  |  | No            |                  1 | On Loan: No      |
| POST HOLDINGS PARTNERING -A    | POST HOLDINGS PARTNERI -CW23             | CUSIP: 737465112<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    150000 | NS      | $12000.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Paramount Global               | Paramount Global                         | CUSIP: 92556H107<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | EC               | CORP              | US        |    516000 | NS      | $10118760.00  | 4.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International | Johnson Controls International plc       | CUSIP: 000000000<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | US        |     28000 | NS      | $1792000.00   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| ABIOMED Inc                    | ABIOMED Inc                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2000 | NS      | $3000.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EchoStar Corp                  | EchoStar Corp                            | CUSIP: 278768106<br>LEI: 549300EE20907QZ9GT38 | Long             | EC               | CORP              | US        |     24000 | NS      | $400320.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Energizer Holdings Inc         | Energizer Holdings Inc                   | CUSIP: 29272W109<br>LEI: 5493000D6NN0V57UME20 | Long             | EC               | CORP              | US        |     10000 | NS      | $335500.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Rogers Communications Inc      | Rogers Communications Inc                | CUSIP: 775109200<br>LEI: 54930030NVF3Y2OL0A78 | Long             | EC               | CORP              | CA        |     34000 | NS      | $1592560.00   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The             | Walt Disney Co/The                       | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     20000 | NS      | $1737600.00   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Dril-Quip Inc                  | Dril-Quip Inc                            | CUSIP: 262037104<br>LEI: 5299007REICYIJNMW197 | Long             | EC               | CORP              | US        |     28000 | NS      | $760760.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill              | CUSIP: 912796U31<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1355000 | PA      | $1342403.26   | 0.58%             | 2023-03-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Bollore SE                     | Bollore SE                               | CUSIP: 000000000<br>LEI: 969500LEKCHH6VV86P94 | Long             | EC               | CORP              | FR        |    210000 | NS      | $1173427.29   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Media Corp-Liberty Bra | Liberty Media Corp-Liberty Braves        | CUSIP: 531229888<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    128040 | NS      | $4126729.20   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryman Hospitality Properties I | Ryman Hospitality Properties Inc         | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               | CORP              | US        |     44500 | NS      | $3639210.00   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Holdings Co              | Crane Holdings Co                        | CUSIP: 224441105<br>LEI: 549300EXNPSXEWUD3N21 | Long             | EC               | CORP              | US        |     77000 | NS      | $7734650.00   | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Group Corp                | Sony Group Corp                          | CUSIP: 835699307<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |    189000 | NS      | $14416920.00  | 6.22%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co            | American Express Co                      | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |     86000 | NS      | $12706500.00  | 5.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                   | Newmont Corp                             | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |    279000 | NS      | $13168800.00  | 5.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Madison Square Garden Sports C | Madison Square Garden Sports Corp        | CUSIP: 55825T103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     54000 | NS      | $9899820.00   | 4.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Post Holdings Partnering Corp  | Post Holdings Partnering Corp            | CUSIP: 737465104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    436000 | NS      | $4329480.00   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| CNH Industrial NV              | CNH Industrial NV                        | CUSIP: 000000000<br>LEI: 549300WGC2HZ5J67V817 | Long             | EC               | CORP              | GB        |    303744 | NS      | $4878128.64   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Diageo PLC                     | Diageo PLC                               | CUSIP: 25243Q205<br>LEI: 213800ZVIELEA55JMJ32 | Long             | EC               | CORP              | GB        |     52000 | NS      | $9265880.00   | 4.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GARRETT MOTION INC             | Garrett Motion Inc                       | CUSIP: 366505204<br>LEI: 549300LS5WT7EMBNV724 | Long             | EP               | CORP              | CH        |     44366 | NS      | $385984.20    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Aerojet Rocketdyne Holdings In | Aerojet Rocketdyne Holdings Inc          | CUSIP: 007800105<br>LEI: 549300VULNLWHE8QWI76 | Long             | EC               | CORP              | US        |    188000 | NS      | $10514840.00  | 4.54%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill              | CUSIP: 912796YK9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1085000 | PA      | $1076697.15   | 0.46%             | 2023-03-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Honeywell International Inc    | Honeywell International Inc              | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |     20000 | NS      | $4286000.00   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimmer Biomet Holdings Inc     | Zimmer Biomet Holdings Inc               | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |      8500 | NS      | $1083750.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Co                 | Halliburton Co                           | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |     72000 | NS      | $2833200.00   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                   | Comcast Corp                             | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    110000 | NS      | $3846700.00   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Iveco Group NV                 | Iveco Group NV                           | CUSIP: 000000000<br>LEI: 549300ZWF2ZJDD9EOR96 | Long             | EC               | CORP              | IT        |     80000 | NS      | $475964.89    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Madison Square Garden Entertai | Madison Square Garden Entertainment Corp | CUSIP: 55826T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     95052 | NS      | $4274488.44   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Telesat Corp                   | Telesat Corp                             | CUSIP: 879512309<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     80000 | NS      | $600000.00    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill              | CUSIP: 912796YL7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    165000 | PA      | $163633.31    | 0.07%             | 2023-03-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DuPont de Nemours Inc          | DuPont de Nemours Inc                    | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |     28000 | NS      | $1921640.00   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill              | CUSIP: 912796YM5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1110000 | PA      | $1098642.58   | 0.47%             | 2023-03-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Cellular Corp    | United States Cellular Corp              | CUSIP: 911684108<br>LEI: 549300B164AZXESI6E03 | Long             | EC               | CORP              | US        |     40000 | NS      | $834000.00    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc     | Mondelez International Inc               | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |     66000 | NS      | $4398900.00   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| CIRCOR International Inc       | CIRCOR International Inc                 | CUSIP: 17273K109<br>LEI: 5493007701O01N3FQM69 | Long             | EC               | CORP              | US        |     47000 | NS      | $1126120.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Edgewell Personal Care Co      | Edgewell Personal Care Co                | CUSIP: 28035Q102<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | EC               | CORP              | US        |     55000 | NS      | $2119700.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc             | Meta Platforms Inc                       | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     10000 | NS      | $1203400.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Broadband Corp         | Liberty Broadband Corp                   | CUSIP: 530307107<br>LEI: 549300MIX43II8JLN536 | Long             | EC               | CORP              | US        |      7000 | NS      | $530950.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Callon Petroleum Co            | Callon Petroleum Co                      | CUSIP: 13123X508<br>LEI: 549300EFOWPEB0WLZW21 | Long             | EC               | CORP              | US        |     15000 | NS      | $556350.00    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Dana Inc                       | Dana Inc                                 | CUSIP: 235825205<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | EC               | CORP              | US        |     65000 | NS      | $983450.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc           | Freeport-McMoRan Inc                     | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |     14000 | NS      | $532000.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowserve Corp                 | Flowserve Corp                           | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |     50000 | NS      | $1534000.00   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Garrett Motion Inc             | Garrett Motion Inc                       | CUSIP: 366505105<br>LEI: 549300LS5WT7EMBNV724 | Long             | EC               | CORP              | CH        |     30000 | NS      | $228600.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CNH Industrial NV              | CNH Industrial NV                        | CUSIP: 000000000<br>LEI: 549300WGC2HZ5J67V817 | Long             | EC               | CORP              | GB        |    100000 | NS      | $1601928.43   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| DISH Network Corp              | DISH Network Corp                        | CUSIP: 25470M109<br>LEI: 529900U350CWHH15G169 | Long             | EC               | CORP              | US        |    174000 | NS      | $2442960.00   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Loews Corp                     | Loews Corp                               | CUSIP: 540424108<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | EC               | CORP              | US        |     30000 | NS      | $1749900.00   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Indus Realty Trust Inc         | Indus Realty Trust Inc                   | CUSIP: 45580R103<br>LEI: 549300FS2G2L16L2GO91 | Long             | EC               | CORP              | US        |     58000 | NS      | $3682420.00   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| AMPCO-PITTSBURGH CORP          | AMPCO-PITTSBURGH CORP -CW25              | CUSIP: 032037111<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25000 | NS      | $3937.50      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                  | Citigroup Inc                            | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     24000 | NS      | $1085520.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The    | Goldman Sachs Group Inc/The              | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |     10000 | NS      | $3433800.00   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Valmont Industries Inc         | Valmont Industries Inc                   | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |      4500 | NS      | $1488015.00   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Sinclair Broadcast Group Inc   | Sinclair Broadcast Group Inc             | CUSIP: 829226109<br>LEI: 529900879GWQV880PQ28 | Long             | EC               | CORP              | US        |    125000 | NS      | $1938750.00   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Media Corp-Liberty Bra | Liberty Media Corp-Liberty Braves        | CUSIP: 531229706<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30000 | NS      | $980100.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Co           | National Fuel Gas Co                     | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |    145000 | NS      | $9178500.00   | 3.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services Inc          | Republic Services Inc                    | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |     76000 | NS      | $9803240.00   | 4.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Broadband Corp         | Liberty Broadband Corp                   | CUSIP: 530307305<br>LEI: 549300MIX43II8JLN536 | Long             | EC               | CORP              | US        |     22500 | NS      | $1716075.00   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Media Corp-Liberty Sir | Liberty Media Corp-Liberty SiriusXM      | CUSIP: 531229607<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     79000 | NS      | $3091270.00   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-27

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

**Signature:** John C. Ball

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

**Title:** Treasurer