# EDGAR Filing Document

**Accession Number:** 0000877670
**File Stem:** 0000940400-26-009558
**Filing Date:** 2026-3
**Character Count:** 19511
**Document Hash:** b5834ba43ade11a9380fad2e6fa5e79e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-009558.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0000940400-26-009558

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260302

**DATE AS OF CHANGE**: 20260302

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GABELLI EQUITY SERIES FUNDS INC
- **CENTRAL INDEX KEY:** 0000877670

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06367
- **FILM NUMBER:** 26704051

**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

## Series and Classes Contracts Data

### THE GABELLI FOCUSED GROWTH AND INCOME FUND (Series ID: S000001063)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000002858 | CLASS A      | GWSAX           |
| C000002860 | CLASS C      | GWSCX           |
| C000002861 | CLASS AAA    | GWSVX           |
| C000061074 | Class I      | GWSIX           |

## Nport-Ex

#### The

#### Gabelli

#### Focused

#### Growth

#### and

#### Income

#### Fund

#### Schedule

#### of

#### Investments

#### —

#### December

#### 31,

#### 2025
(Unaudited)

#### Shares

#### Market

#### Value

#### COMMON

#### STOCKS

#### —

#### 94.0%

#### Automotive:

#### Parts

#### and

#### Accessories

#### —

#### 4.6%
85,000

Dana

Inc.

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

$

2,019,600

#### Building

#### and

#### Construction

#### —

#### 2.5%
7,500

Herc

Holdings

Inc.

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

1,112,850

#### Computer

#### Software

#### and

#### Services

#### —

#### 0.2%

Alphabet

Inc.,

Cl. C

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

109,830

#### Diversified

#### Industrial

#### —

#### 0.7%
16,500

Energizer

Holdings

Inc.

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

328,185

#### Energy

#### and

#### Utilities

#### —

#### 32.9%
237,500

Energy

Transfer

LP

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

3,916,375

116,000

Enterprise

Products

Partners

LP

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

3,718,960

205,000

Kimbell

Royalty

Partners

LP

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

2,410,800

70,000

Kinder

Morgan

Inc.

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

1,924,300

20,000

TXNM

Energy

Inc.

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

1,177,600

140,000

XPLR

Infrastructure

LP†

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

1,400,000

14,548,035

#### Financial

#### Services

#### —

#### 5.5%
13,000

Apollo

Global

Management

Inc.

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

1,881,880

3,000

Morgan

Stanley

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

532,590

2,414,470

#### Food

#### and

#### Beverage

#### —

#### 4.2%
80,000

Maple

Leaf

Foods

Inc.

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

1,453,062

7,500

Mondelēz

International

Inc.,

Cl. A

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

403,725

1,856,787

#### Health

#### Care

#### —

#### 4.8%
950

AbbVie

Inc.

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

217,065

22,500

Option

Care

Health

Inc.†

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

716,850

47,500

Pfizer

Inc.

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

1,182,750

2,116,665

#### Metals

#### and

#### Mining

#### —

#### 0.8%
3,500

Newmont

Corp.

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

349,475

#### Real

#### Estate

#### Investment

#### Trusts

#### —

#### 24.6%
110,000

Blackstone

Mortgage

Trust

Inc.,

Cl. A

........

2,104,300

392,500

Franklin

BSP

Realty

Trust

Inc.

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

3,936,775

6,000

Simon

Property

Group

Inc.

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

1,110,660

132,500

VICI

Properties

Inc.

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

3,725,900

10,877,635

#### Telecommunications

#### —

#### 13.2%
150,000

AT&T

Inc.(a)

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

3,726,000

92,000

ATN

International

Inc.

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

2,097,600

4,000

GCI

Liberty

Inc.,

Escrow†(b)

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

5,823,600

#### TOTAL

#### COMMON

#### STOCKS

#### ..................
41,557,132

#### Shares

#### Market

#### Value

#### PREFERRED

#### STOCKS

#### —

#### 6.0%

#### Financial

#### Services

#### —

#### 4.7%
55,966

Compass

Diversified

Holdings,

Ser.

A,

7.250%

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

$

895,736

7,500

Compass

Diversified

Holdings,

Ser.

B,

7.875%

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

133,200

47,225

DigitalBridge

Group

Inc.,

Ser.

H,

7.125%

...

1,049,811

2,078,747

#### Real

#### Estate

#### Investment

#### Trusts

#### —

#### 0.8%
16,288

Chimera

Investment

Corp.,

Ser.

A,

8.000%

355,730

#### Retail

#### —

#### 0.5%
66,340

QVC

Group

Inc.,

8.000%,

03/15/31

...........

241,478

#### TOTAL

#### PREFERRED

#### STOCKS

#### ...............
2,675,955

#### TOTAL

#### INVESTMENTS

#### BEFORE

#### OPTIONS

#### WRITTEN

#### —

#### 100.0%
(Cost

$32,798,536)

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

$

44,233,087

(a) Securities,

or

a

portion

thereof,

with

a

value

of

$3,739,500

were

deposited

with

the

broker

as

collateral

for

options

written.

(b) Security

is

valued

using

significant

unobservable

inputs

and

is

classified

as

Level

in

the

fair

value

hierarchy.

†

Non-income

producing

security.

#### The

#### Gabelli

#### Focused

#### Growth

#### and

#### Income

#### Fund

#### Schedule

#### of

#### Investments
(Continued)

#### —

#### December

#### 31,

#### 2025
(Unaudited)

As

of

December

31,

2025,

options

written

outstanding

were

as

follows:

#### Description

#### Number

#### of

#### Contracts

#### Notional

#### Amount

#### Exercise

#### Price

#### Expiration

#### Date

#### Market

#### Value

#### Exchange

#### Traded

#### Put

#### Options

#### Written

#### —

#### (0.0)%
Invesco

QQQ

Trust

Series

USD

1,844,910

USD

590.00 01/16/26

$

6,840

Pfizer

Inc.

USD

124,500

USD

25.00 01/16/26

2,000

ServiceNow

Inc.

USD

765,950

USD

150.00 01/16/26

8,750

#### TOTAL

#### EXCHANGE

#### TRADED

#### PUT

#### OPTIONS

#### WRITTEN
$

17,590

#### TOTAL

#### OPTIONS

#### WRITTEN
$

17,590

## 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 Equity Series Funds Inc

- **b. Investment Company Act file number:** 811-06367

- **c. CIK number of Registrant:** 0000877670

- **d. LEI of Registrant:** 5493007J8TJQ0MSHWY40

- **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 Focused Growth and Income Fund

- **b. EDGAR series identifier (if any):** S000001063

- **c. LEI of Series:** 5493000HSUGR4K1WQT75

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

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2025-12-31

**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:** $45261981.67

**Total Liabilities:** $261710.93

**Net Assets:** $45000270.74

**Cash Not Reported:** $149405.26

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000002858 | -3.96%               | 3.77%                | 0.71%                |
| Class ID C000002860 | -4.04%               | 3.68%                | 0.53%                |
| Class ID C000002861 | -3.99%               | 3.68%                | 0.65%                |
| Class ID C000061074 | -3.92%               | 3.81%                | 0.71%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $690114.08               | $-2885334.73                               |
| Month 2  | $281223.57               | $1311575.36                                |
| Month 3  | $223609.09               | $-265710.69                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| INTERCONTINENTAL EXCHANGE, INC. | PFIZER INC                      | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |       -50 | NC      | $-2000.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| GCI LIBERTY INC                 | GCI LIBERTY INC ESCROW SHARE    | CUSIP: 361ESC049<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4000 | NS      | $0.04         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| QVC GROUP INC                   | QVC Group Inc                   | CUSIP: 74915M308<br>LEI: 549300PSXEKU4PHLCR04 | Long             | EP               | CORP              | US        |     66340 | NS      | $241477.60    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc                      | Pfizer Inc                      | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     47500 | NS      | $1182750.00   | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Energizer Holdings Inc          | Energizer Holdings Inc          | CUSIP: 29272W109<br>LEI: 5493000D6NN0V57UME20 | Long             | EC               | CORP              | US        |     16500 | NS      | $328185.00    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin BSP Realty Trust Inc   | Franklin BSP Realty Trust Inc   | CUSIP: 35243J101<br>LEI: 549300LH3QNZK9Y1KC93 | Long             | EC               | CORP              | US        |    392500 | NS      | $3936775.00   | 8.75%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                        | AT&T Inc                        | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |    150000 | NS      | $3726000.00   | 8.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Maple Leaf Foods Inc            | Maple Leaf Foods Inc            | CUSIP: 564905107<br>LEI: 549300LX07S5J8F76F37 | Long             | EC               | CORP              | CA        |     80000 | NS      | $1453061.82   | 3.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ATN International Inc           | ATN International Inc           | CUSIP: 00215F107<br>LEI: 54930013NP7VEU877V56 | Long             | EC               | CORP              | US        |     92000 | NS      | $2097600.00   | 4.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Herc Holdings Inc               | Herc Holdings Inc               | CUSIP: 42704L104<br>LEI: 549300TP80QLITMSBP82 | Long             | EC               | CORP              | US        |      7500 | NS      | $1112850.00   | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc        | Simon Property Group Inc        | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |      6000 | NS      | $1110660.00   | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | INVESCO QQQ TRUST SERIES 1      | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |       -30 | NC      | $-6840.00     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc      | Mondelez International Inc      | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |      7500 | NS      | $403725.00    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Mortgage Trust Inc   | Blackstone Mortgage Trust Inc   | CUSIP: 09257W100<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | EC               | CORP              | US        |    110000 | NS      | $2104300.00   | 4.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                  | Morgan Stanley                  | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |      3000 | NS      | $532590.00    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPASS DIVERSIF HOLDING        | Compass Diversified Holdings    | CUSIP: 20451Q302<br>LEI: 5299001SM1LBYANJRR58 | Long             | EP               | CORP              | US        |      7500 | NS      | $133200.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| TXNM Energy Inc                 | TXNM Energy Inc                 | CUSIP: 69349H107<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | EC               | CORP              | US        |     20000 | NS      | $1177600.00   | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPASS DIVERSIF HOLDING        | Compass Diversified Holdings    | CUSIP: 20451Q203<br>LEI: 5299001SM1LBYANJRR58 | Long             | EP               | CORP              | US        |     55966 | NS      | $895735.83    | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Global Management Inc    | Apollo Global Management Inc    | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |     13000 | NS      | $1881880.00   | 4.18%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITALBRIDGE GROUP INC         | DigitalBridge Group Inc         | CUSIP: 25401T504<br>LEI: 549300XG87L902AGBO89 | Long             | EP               | CORP              | US        |     47225 | NS      | $1049811.75   | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                      | AbbVie Inc                      | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |       950 | NS      | $217065.50    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan Inc               | Kinder Morgan Inc               | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |     70000 | NS      | $1924300.00   | 4.28%             |  |  |  | No            |                  1 | On Loan: No      |
| CBOE GLOBAL MARKETS, INC.       | SERVICENOW INC                  | CUSIP: 000000000<br>LEI: 529900RLNSGA90UPEH54 | N/A              | DE               | CORP              | US        |       -50 | NC      | $-8750.00     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Kimbell Royalty Partners LP     | Kimbell Royalty Partners LP     | CUSIP: 49435R102<br>LEI: 5493007FC11POVYRB841 | Long             | EC               | CORP              | US        |    205000 | NS      | $2410800.00   | 5.36%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIMERA INVESTMENT CORP         | Chimera Investment Corp         | CUSIP: 16934Q307<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |     16288 | NS      | $355729.92    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Dana Inc                        | Dana Inc                        | CUSIP: 235825205<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | EC               | CORP              | US        |     85000 | NS      | $2019600.00   | 4.49%             |  |  |  | No            |                  1 | On Loan: No      |
| XPLR Infrastructure LP          | XPLR Infrastructure LP          | CUSIP: 65341B106<br>LEI: 5493008F4ZOQFNG3WN54 | Long             | EC               | CORP              | US        |    140000 | NS      | $1400000.00   | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Option Care Health Inc          | Option Care Health Inc          | CUSIP: 68404L201<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | EC               | CORP              | US        |     22500 | NS      | $716850.00    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                    | Newmont Corp                    | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |      3500 | NS      | $349475.00    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                    | Alphabet Inc                    | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |       350 | NS      | $109830.00    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Products Partners L  | Enterprise Products Partners LP | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               | CORP              | US        |    116000 | NS      | $3718960.00   | 8.26%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI Properties Inc             | VICI Properties Inc             | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |    132500 | NS      | $3725900.00   | 8.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Transfer LP              | Energy Transfer LP              | CUSIP: 29273V100<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EC               | CORP              | US        |    237500 | NS      | $3916375.00   | 8.70%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-27

**Name of Applicant:** Gabelli Equity Series Funds Inc

**Signature:** John C. Ball

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

**Title:** Treasurer