# EDGAR Filing Document

**Accession Number:** 0000877670
**File Stem:** 0001752724-25-212172
**Filing Date:** 2025-8
**Character Count:** 19468
**Document Hash:** 3319c3cfb5f0f71f52c0eb96d195deb9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-212172.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001752724-25-212172

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250829

**PERIOD START**: 20250930

**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:** 251276659

**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

#### —

#### June

#### 30,

#### 2025
(Unaudited)

#### Shares

#### Market

#### Value

#### COMMON

#### STOCKS

#### —

#### 93.0%

#### Automotive:

#### Parts

#### and

#### Accessories

#### —

#### 4.7%
127,500

Dana

Inc.

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

$

2,186,625

#### Building

#### and

#### Construction

#### —

#### 1.7%
6,000

Herc

Holdings

Inc.

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

790,140

#### Computer

#### Software

#### and

#### Services

#### —

#### 0.6%
1,500

Alphabet

Inc.,

Cl. C

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

266,085

#### Diversified

#### Industrial

#### —

#### 1.2%
55,000

Huntsman

Corp.

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

573,100

#### Energy

#### and

#### Utilities

#### —

#### 31.1%
222,500

Energy

Transfer

LP

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

4,033,925

120,000

Enterprise

Products

Partners

LP

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

3,721,200

117,500

Kimbell

Royalty

Partners

LP

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

1,640,300

65,000

Kinder

Morgan

Inc.

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

1,911,000

35,000

New

Fortress

Energy

Inc.

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

116,200

27,500

TXNM

Energy

Inc.

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

1,548,800

170,000

XPLR

Infrastructure

LP

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

1,394,000

14,365,425

#### Financial

#### Services

#### —

#### 6.1%
14,000

Apollo

Global

Management

Inc.

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

1,986,180

6,000

Morgan

Stanley

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

845,160

2,831,340

#### Food

#### and

#### Beverage

#### —

#### 5.9%
106,800

Maple

Leaf

Foods

Inc.

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

2,225,017

7,500

Mondelēz

International

Inc.,

Cl. A

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

505,800

2,730,817

#### Health

#### Care

#### —

#### 4.2%
2,000

AbbVie

Inc.

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

371,240

22,500

Option

Care

Health

Inc.†

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

730,800

35,000

Pfizer

Inc.

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

848,400

1,950,440

#### Metals

#### and

#### Mining

#### —

#### 2.2%
17,000

Newmont

Corp.

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

990,420

#### Real

#### Estate

#### Investment

#### Trusts

#### —

#### 23.7%
135,000

Blackstone

Mortgage

Trust

Inc.,

Cl. A

........

2,598,750

315,000

Franklin

BSP

Realty

Trust

Inc.

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

3,367,350

6,000

Simon

Property

Group

Inc.

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

964,560

122,500

VICI

Properties

Inc.

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

3,993,500

10,924,160

#### Telecommunications

#### —

#### 11.6%
132,000

AT&T

Inc.

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

3,820,080

93,184

ATN

International

Inc.

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

1,514,240

4,000

GCI

Liberty

Inc.,

Escrow†(a)

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

5,334,320

#### TOTAL

#### COMMON

#### STOCKS

#### ..................
42,942,872

#### Shares

#### Market

#### Value

#### PREFERRED

#### STOCKS

#### —

#### 7.0%

#### Diversified

#### Industrial

#### —

#### 1.3%
25,018

Steel

Partners

Holdings

LP,

Ser.

A,

6.000%,

02/07/26

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

$

611,440

#### Financial

#### Services

#### —

#### 3.8%
40,199

Compass

Diversified

Holdings,

Ser.

A,

7.250%

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

672,529

5,000

Compass

Diversified

Holdings,

Ser.

B,

7.875%

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

92,900

46,168

DigitalBridge

Group

Inc.,

Ser.

H,

7.125%

...

966,296

1,731,725

#### Real

#### Estate

#### Investment

#### Trusts

#### —

#### 0.8%
16,288

Chimera

Investment

Corp.,

Ser.

A,

8.000%

362,408

#### Retail

#### —

#### 1.1%
73,786

QVC

Group

Inc.,

8.000%,

03/15/31

...........

506,910

#### TOTAL

#### PREFERRED

#### STOCKS

#### ...............
3,212,483

#### TOTAL

#### INVESTMENTS

#### BEFORE

#### OPTIONS

#### WRITTEN

#### —

#### 100.0%
(Cost

$33,819,782)

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

$

46,155,355

(a) 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)

#### —

#### June

#### 30,

#### 2025
(Unaudited)

As

of

June

30,

2025,

options

written

outstanding

were

as

follows:

#### Description

#### Number

#### of

#### Contracts

#### Notional

#### Amount

#### Exercise

#### Price

#### Expiration

#### Date

#### Market

#### Value

#### Exchange

#### Traded

#### Call

#### Options

#### Written

#### —

#### (0.0)%
VICI

Properties

Inc.

USD

326,000

USD

35.00 09/19/25

$

2,000

#### TOTAL

#### EXCHANGE

#### TRADED

#### CALL

#### OPTIONS

#### WRITTEN
$

2,000

#### TOTAL

#### OPTIONS

#### WRITTEN
$

2,000

## 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:** 2025-09-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $46664892.17

**Total Liabilities:** $118333.67

**Net Assets:** $46546558.50

**Cash Not Reported:** $88685.03

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000061074 | -4.93%               | -2.07%               | 3.79%                |
| Class ID C000002860 | -5.06%               | -2.22%               | 3.69%                |
| Class ID C000002858 | -4.97%               | -2.09%               | 3.74%                |
| Class ID C000002861 | -4.98%               | -2.18%               | 3.72%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-166969.12              | $-2342312.97                               |
| Month 2  | $-365763.38              | $-669918.85                                |
| Month 3  | $-1245940.40             | $2678323.65                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| New Fortress Energy Inc         | New Fortress Energy Inc         | CUSIP: 644393100<br>LEI: 254900EICTYTCHA5X705 | Long             | EC               | CORP              | US        |     35000 | NS      | $116200.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITALBRIDGE GROUP INC         | DigitalBridge Group Inc         | CUSIP: 25401T504<br>LEI: 549300XG87L902AGBO89 | Long             | EP               | CORP              | US        |     46168 | NS      | $966296.24    | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Herc Holdings Inc               | Herc Holdings Inc               | CUSIP: 42704L104<br>LEI: 549300TP80QLITMSBP82 | Long             | EC               | CORP              | US        |      6000 | NS      | $790140.00    | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPASS DIVERSIF HOLDING        | Compass Diversified Holdings    | CUSIP: 20451Q302<br>LEI: 5299001SM1LBYANJRR58 | Long             | EP               | CORP              | US        |      5000 | NS      | $92900.00     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPASS DIVERSIF HOLDING        | Compass Diversified Holdings    | CUSIP: 20451Q203<br>LEI: 5299001SM1LBYANJRR58 | Long             | EP               | CORP              | US        |     40199 | NS      | $672529.27    | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| TXNM Energy Inc                 | TXNM Energy Inc                 | CUSIP: 69349H107<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | EC               | CORP              | US        |     27500 | NS      | $1548800.00   | 3.33%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIMERA INVESTMENT CORP         | Chimera Investment Corp         | CUSIP: 16934Q307<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |     16288 | NS      | $362408.00    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Dana Inc                        | Dana Inc                        | CUSIP: 235825205<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | EC               | CORP              | US        |    127500 | NS      | $2186625.00   | 4.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Transfer LP              | Energy Transfer LP              | CUSIP: 29273V100<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EC               | CORP              | US        |    222500 | NS      | $4033925.00   | 8.67%             |  |  |  | No            |                  1 | On Loan: No      |
| STEEL PARTNERS HLDS LP          | Steel Partners Holdings LP      | CUSIP: 85814R206<br>LEI: 5493009U8Z59G5SIZ389 | Long             | EP               | CORP              | US        |     25018 | NS      | $611439.92    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Option Care Health Inc          | Option Care Health Inc          | CUSIP: 68404L201<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | EC               | CORP              | US        |     22500 | NS      | $730800.00    | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                    | Alphabet Inc                    | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      1500 | NS      | $266085.00    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc      | Mondelez International Inc      | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |      7500 | NS      | $505800.00    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc        | Simon Property Group Inc        | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |      6000 | NS      | $964560.00    | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                  | Morgan Stanley                  | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |      6000 | NS      | $845160.00    | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Mortgage Trust Inc   | Blackstone Mortgage Trust Inc   | CUSIP: 09257W100<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | EC               | CORP              | US        |    135000 | NS      | $2598750.00   | 5.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc                      | Pfizer Inc                      | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     35000 | NS      | $848400.00    | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Products Partners L  | Enterprise Products Partners LP | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               | CORP              | US        |    120000 | NS      | $3721200.00   | 7.99%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | VICI PROPERTIES INC             | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |      -100 | NC      | $-2000.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                      | AbbVie Inc                      | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      2000 | NS      | $371240.00    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Global Management Inc    | Apollo Global Management Inc    | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |     14000 | NS      | $1986180.00   | 4.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan Inc               | Kinder Morgan Inc               | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |     65000 | NS      | $1911000.00   | 4.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin BSP Realty Trust Inc   | Franklin BSP Realty Trust Inc   | CUSIP: 35243J101<br>LEI: 549300LH3QNZK9Y1KC93 | Long             | EC               | CORP              | US        |    315000 | NS      | $3367350.00   | 7.23%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                        | AT&T Inc                        | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |    132000 | NS      | $3820080.00   | 8.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Maple Leaf Foods Inc            | Maple Leaf Foods Inc            | CUSIP: 564905107<br>LEI: 549300LX07S5J8F76F37 | Long             | EC               | CORP              | CA        |    106800 | NS      | $2225016.34   | 4.78%             |  |  |  | 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      |
| XPLR Infrastructure LP          | XPLR Infrastructure LP          | CUSIP: 65341B106<br>LEI: 5493008F4ZOQFNG3WN54 | Long             | EC               | CORP              | US        |    170000 | NS      | $1394000.00   | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimbell Royalty Partners LP     | Kimbell Royalty Partners LP     | CUSIP: 49435R102<br>LEI: 5493007FC11POVYRB841 | Long             | EC               | CORP              | US        |    117500 | NS      | $1640300.00   | 3.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntsman Corp                   | Huntsman Corp                   | CUSIP: 447011107<br>LEI: 5299000V56320A7RIQ67 | Long             | EC               | CORP              | US        |     55000 | NS      | $573100.00    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI Properties Inc             | VICI Properties Inc             | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |    122500 | NS      | $3993500.00   | 8.58%             |  |  |  | No            |                  1 | On Loan: No      |
| QVC GROUP INC                   | QVC Group Inc                   | CUSIP: 74915M308<br>LEI: 549300PSXEKU4PHLCR04 | Long             | EP               | CORP              | US        |     73786 | NS      | $506909.82    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ATN International Inc           | ATN International Inc           | CUSIP: 00215F107<br>LEI: 54930013NP7VEU877V56 | Long             | EC               | CORP              | US        |     93184 | NS      | $1514240.00   | 3.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                    | Newmont Corp                    | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     17000 | NS      | $990420.00    | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-27

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

**Signature:** John C. Ball

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

**Title:** Treasurer