# EDGAR Filing Document

**Accession Number:** 0001748425
**File Stem:** 0000940400-25-012020
**Filing Date:** 2025-11
**Character Count:** 20669
**Document Hash:** 020319e1bb950bf419cdec59679df659
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-012020.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0000940400-25-012020

**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:** 251535970

**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 Financial Services Opportunities ETF (Series ID: S000069039)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000220752 | Gabelli Financial Services Opportunities ETF | GABF            |

## Nport-Ex

#### Gabelli

#### Financial

#### Services

#### Opportunities

#### ETF

#### Schedule

#### of

#### Investments

#### —

#### September

#### 30,

#### 2025
(Unaudited)

#### Shares

#### Market

#### Value

#### COMMON

#### STOCKS

#### –

#### 92.0%

#### Banking

#### –

#### 2.8%

Capital

One

Financial

Corp.

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

$

51,444

First

Citizens

BancShares

Inc.,

Cl. A

......

799,755

808

State

Street

Corp.

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

93,736

1,624

The

Bank

of

New

York

Mellon

Corp.

.......

176,951

1,121,886

#### Computer

#### Software

#### and

#### Services

#### –

#### 4.5%
13,764

Fiserv

Inc.†

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

1,774,592

#### Financial

#### Services

#### –

#### 81.0%
2,013

Affiliated

Managers

Group

Inc.,

Cl. A

.....

479,960

1,848

American

Express

Co.

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

613,832

9,044

Apollo

Global

Management

Inc.

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

1,205,294

5,066

Berkshire

Hathaway

Inc.,

Cl. B†

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

2,546,881

7,900

BGC

Group

Inc.,

Cl. A

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

74,734

9,904

Blackstone

Inc.

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

1,692,098

87,503

Blue

Owl

Capital

Inc.

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

1,481,426

1,410

Chubb

Ltd.

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

397,972

42,400

CompoSecure

Inc.,

Cl. A†

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

882,768

3,030

Credit

Acceptance

Corp.†

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

1,414,798

1,624

Federated

Hermes

Inc.

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

84,334

33,004

Interactive

Brokers

Group

Inc.,

Cl. A

......

2,271,005

6,754

JPMorgan

Chase

&

Co.

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

2,130,414

13,694

KKR

&

Co.

Inc.

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

1,779,535

3,411

LPL

Financial

Holdings

Inc.

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

1,134,806

6,087

M&T

Bank

Corp.

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

1,202,913

596

Markel

Group

Inc.†

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

1,139,171

18,660

Millrose

Properties

Inc.,

REIT

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

627,163

2,458

Moody's

Corp.

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

1,171,188

3,522

Morgan

Stanley

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

559,857

5,540

Nasdaq

Inc.

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

490,013

81,982

Paysafe

Ltd.†

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

1,059,207

#### Shares

#### Market

#### Value
790

Raymond

James

Financial

Inc.

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

$

136,354

1,491

S&P

Global

Inc.

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

725,685

790

Stifel

Financial

Corp.

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

89,641

15,248

The

Charles

Schwab

Corp.

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

1,455,727

40,000

Tiptree

Inc.

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

766,800

1,580

Visa

Inc.,

Cl. A

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

539,380

22,238

W. R. Berkley

Corp.

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

1,703,876

23,344

Wells

Fargo

&

Co.

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

1,956,694

4,517

WisdomTree

Inc.

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

62,786

31,876,312

#### Real

#### Estate

#### –

#### 3.7%
4,710

Howard

Hughes

Holdings

Inc.†

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

387,021

68,300

Safehold

Inc.,

REIT

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

1,057,967

1,444,988

#### TOTAL

#### COMMON

#### STOCKS

#### ..........
36,217,778

#### CLOSED-END

#### FUNDS

#### –

#### 7.5%
1,024

Blue

Owl

Capital

Corp.,

BDC

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

13,076

325,844

SuRo

Capital

Corp.,

BDC

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

2,932,596

#### TOTAL

#### CLOSED-END

#### FUNDS

#### .........
2,945,672

#### Principal

#### Amount

#### U.S.

#### GOVERNMENT

#### OBLIGATIONS

#### –

#### 0.5%
U.S.

Treasury

Bill,

3.92%††,

12/04/25

$185,000

(Cost

$183,677)

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

183,719

#### TOTAL

#### INVESTMENTS

#### —

#### 100.0%
(cost

$32,747,676)

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

$

39,347,169

†

Non-income

producing

security.

††

Represents

annualized

yield

at

date

of

purchase.

BDC&nbsp;&nbsp;&nbsp;&nbsp;Business

Development

Company

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 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 Financial Services Opportunities ETF

- **b. EDGAR series identifier (if any):** S000069039

- **c. LEI of Series:** 254900QNNAH90UOV7E45

**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:** $39372875.71

**Total Liabilities:** $3788.51

**Net Assets:** $39369087.20

**Cash Not Reported:** $11870.79

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000220752 | 1.65%                | 1.78%                | -1.53%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-80538.51               | $650253.29                                 |
| Month 2  | $348354.45               | $295860.45                                 |
| Month 3  | $-159167.78              | $-463688.68                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Safehold Inc                   | Safehold Inc                     | CUSIP: 78646V107<br>LEI: QFFLKWYYS3UPWD86E794 | Long             | EC               | CORP              | US        |     68300 | NS      | $1057967.00   | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Credit Acceptance Corp         | Credit Acceptance Corp           | CUSIP: 225310101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3030 | NS      | $1414797.90   | 3.59%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                 | S&P Global Inc                   | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |      1491 | NS      | $725684.61    | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co            | American Express Co              | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |      1848 | NS      | $613831.68    | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial Inc    | Raymond James Financial Inc      | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |       790 | NS      | $136354.00    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                      | Chubb Ltd                        | CUSIP: 000000000<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |      1410 | NS      | $397972.50    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Nasdaq Inc                     | Nasdaq Inc                       | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |      5540 | NS      | $490013.00    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Tiptree Inc                    | Tiptree Inc                      | CUSIP: 88822Q103<br>LEI: 254900EH52HA4YXENT37 | Long             | EC               | CORP              | US        |     40000 | NS      | $766800.00    | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp     | Capital One Financial Corp       | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |       242 | NS      | $51444.36     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| First Citizens BancShares Inc/ | First Citizens BancShares Inc/NC | CUSIP: 31946M103<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EC               | CORP              | US        |       447 | NS      | $799754.52    | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Global Management Inc   | Apollo Global Management Inc     | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |      9044 | NS      | $1205293.88   | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & Co Inc                   | KKR & Co Inc                     | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |     13694 | NS      | $1779535.30   | 4.52%             |  |  |  | No            |                  1 | On Loan: No      |
| W R Berkley Corp               | W R Berkley Corp                 | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |     22238 | NS      | $1703875.56   | 4.33%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp              | State Street Corp                | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |       808 | NS      | $93736.08     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co               | Wells Fargo & Co                 | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     23344 | NS      | $1956694.08   | 4.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Capital Corp          | Blue Owl Capital Corp            | CUSIP: 69121K104<br>LEI: 2549000BD79OOCPF2L94 | Long             | EC               | CORP              | US        |      1024 | NS      | $13076.48     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The        | Charles Schwab Corp/The          | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     15248 | NS      | $1455726.56   | 3.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes Inc           | Federated Hermes Inc             | CUSIP: 314211103<br>LEI: R05X5UQ874RGFF7HHD84 | Long             | EC               | CORP              | US        |      1624 | NS      | $84334.32     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc         | Berkshire Hathaway Inc           | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      5066 | NS      | $2546880.84   | 6.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Markel Group Inc               | Markel Group Inc                 | CUSIP: 570535104<br>LEI: 549300SCNO12JLWIK605 | Long             | EC               | CORP              | US        |       596 | NS      | $1139170.56   | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| CompoSecure Inc                | CompoSecure Inc                  | CUSIP: 20459V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42400 | NS      | $882768.00    | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Moody's Corp                   | Moody's Corp                     | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |      2458 | NS      | $1171187.84   | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group Inc  | Interactive Brokers Group Inc    | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |     33004 | NS      | $2271005.24   | 5.77%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T Bank Corp                  | M&T Bank Corp                    | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |      6087 | NS      | $1202912.94   | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill      | CUSIP: 912797QS9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    185000 | PA      | $183718.98    | 0.47%             | 2025-12-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SuRo Capital Corp              | SuRo Capital Corp                | CUSIP: 86887Q109<br>LEI: 549300YR4IAV0VJFWN84 | Long             | EC               | CORP              | US        |    325844 | NS      | $2932596.00   | 7.45%             |  |  |  | No            |                  1 | On Loan: No      |
| BGC Group Inc                  | BGC Group Inc                    | CUSIP: 088929104<br>LEI: 2549001IGRCG4F0RLD36 | Long             | EC               | CORP              | US        |      7900 | NS      | $74734.00     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc                     | Fiserv Inc                       | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |     13764 | NS      | $1774592.52   | 4.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Millrose Properties Inc        | Millrose Properties Inc          | CUSIP: 601137102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18660 | NS      | $627162.60    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc                 | Blackstone Inc                   | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |      9904 | NS      | $1692098.40   | 4.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                       | Visa Inc                         | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      1580 | NS      | $539380.40    | 1.37%             |  |  |  | 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        |      1624 | NS      | $176951.04    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co            | JPMorgan Chase & Co              | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      6754 | NS      | $2130414.22   | 5.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                 | Morgan Stanley                   | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |      3522 | NS      | $559857.12    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc     | LPL Financial Holdings Inc       | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |      3411 | NS      | $1134805.59   | 2.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Howard Hughes Holdings Inc     | Howard Hughes Holdings Inc       | CUSIP: 44267T102<br>LEI: 254900TY494BHXIU6M60 | Long             | EC               | CORP              | US        |      4710 | NS      | $387020.70    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Affiliated Managers Group Inc  | Affiliated Managers Group Inc    | CUSIP: 008252108<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EC               | CORP              | US        |      2013 | NS      | $479959.59    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| WisdomTree Inc                 | WisdomTree Inc                   | CUSIP: 97717P104<br>LEI: 549300WIU8IS7UFO7871 | Long             | EC               | CORP              | US        |      4517 | NS      | $62786.30     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Paysafe Ltd                    | Paysafe Ltd                      | CUSIP: 000000000<br>LEI: 2138003K6PVDCI5TBN11 | Long             | EC               | CORP              | GB        |     81982 | NS      | $1059207.44   | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corp          | Stifel Financial Corp            | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |       790 | NS      | $89641.30     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Capital Inc           | Blue Owl Capital Inc             | CUSIP: 09581B103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     87503 | NS      | $1481425.79   | 3.76%             |  |  |  | No            |                  1 | 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