# EDGAR Filing Document

**Accession Number:** 0000877670
**File Stem:** 0001752724-23-050019
**Filing Date:** 2023-3
**Character Count:** 20594
**Document Hash:** cc46084490650b171dabd721d718bb60
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-050019.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0001752724-23-050019

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230301

**DATE AS OF CHANGE**: 20230301

**PERIOD START**: 20230930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GABELLI EQUITY SERIES FUNDS INC
- **CENTRAL INDEX KEY:** 0000877670
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06367
- **FILM NUMBER:** 23692234

**BUSINESS ADDRESS:**
- **STREET 1:** ONE CORPORATE CENTER
- **CITY:** RYE
- **STATE:** NY
- **ZIP:** 10580
- **BUSINESS PHONE:** 2123098448

**MAIL ADDRESS:**
- **STREET 1:** 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,

#### 2022
(Unaudited)

#### Shares

#### Market

#### Value

#### COMMON

#### STOCKS

#### —

#### 76.3%

#### Automotive:

#### Parts

#### and

#### Accessories

#### —

#### 1.5%
6,250

Aptiv

plc†

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

$

582,063

#### Building

#### and

#### Construction

#### —

#### 2.6%
7,750

Herc

Holdings

Inc.

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

1,019,668

#### Cable

#### and

#### Satellite

#### —

#### 0.9%
7,000

Liberty

Media

Corp.

-

Liberty

Formula

One,

Cl. A†

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

374,010

#### Computer

#### Software

#### and

#### Services

#### —

#### 1.9%
8,300

Alphabet

Inc.,

Cl. C†

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

736,459

#### Energy

#### and

#### Utilities

#### —

#### 21.4%
156,319

Energy

Transfer

LP

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

1,855,506

110,901

Enterprise

Products

Partners

LP

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

2,674,932

101,000

Kinder

Morgan

Inc.

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

1,826,080

29,829

NextEra

Energy

Partners

LP

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

2,090,715

8,447,233

#### Entertainment

#### —

#### 1.0%
70,000

Sirius

XM

Holdings

Inc.

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

408,800

#### Financial

#### Services

#### —

#### 10.8%
35,000

Apollo

Global

Management

Inc.

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

2,232,650

14,000

Morgan

Stanley

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

1,190,280

100,000

New

York

Community

Bancorp

Inc.

...........

860,000

4,282,930

#### Food

#### and

#### Beverage

#### —

#### 6.0%
62,500

Maple

Leaf

Foods

Inc.

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

1,128,600

12,500

Mondelēz

International

Inc.,

Cl. A

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

833,125

4,500

Post

Holdings

Inc.†

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

406,170

2,367,895

#### Health

#### Care

#### —

#### 4.8%
6,000

AbbVie

Inc.

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

969,660

30,500

Option

Care

Health

Inc.†

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

917,745

1,887,405

#### Metals

#### and

#### Mining

#### —

#### 0.9%
7,500

Newmont

Corp.

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

354,000

#### Real

#### Estate

#### Investment

#### Trusts

#### —

#### 18.2%
138,500

Blackstone

Mortgage

Trust

Inc.,

Cl. A

........

2,932,045

49,663

Medical

Properties

Trust

Inc.

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

553,246

114,378

VICI

Properties

Inc.

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

3,705,847

7,191,138

#### Telecommunications

#### —

#### 6.3%
100,000

AT&T

Inc.

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

1,841,000

4,500

T-Mobile

US

Inc.†

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

630,000

2,471,000

#### TOTAL

#### COMMON

#### STOCKS

#### ..................
30,122,601

#### Shares

#### Market

#### Value

#### PREFERRED

#### STOCKS

#### —

#### 16.1%

#### Diversified

#### Industrial

#### —

#### 3.4%
10,895

Babcock

&

Wilcox

Enterprises

Inc.,

8.125%,

02/28/26

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

$

262,351

46,604

Steel

Partners

Holdings

LP,

Ser.

A,

6.000%,

02/07/26

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

1,070,494

1,332,845

#### Energy

#### and

#### Utilities

#### —

#### 3.4%
61,379

Energy

Transfer

LP,

Ser.

D,

7.625%

...........

1,350,338

#### Financial

#### Services

#### —

#### 2.6%
23,931

Argo

Blockchain

plc,

Ser.

A,

8.750%,

11/30/26

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

72,990

39,978

FTAI

Aviation

Ltd.,

Ser.

A,

8.250%,

09/15/24

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

899,505

54,287

Greenidge

Generation

Holdings

Inc.,

8.500%,

10/31/26

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

58,087

1,030,582

#### Retail

#### —

#### 6.7%
77,587

Qurate

Retail

Inc.,

8.000%,

03/15/31

........

2,658,131

#### TOTAL

#### PREFERRED

#### STOCKS

#### ...............
6,371,896

#### MANDATORY

#### CONVERTIBLE

#### SECURITIES(a)

#### —

#### 2.0%

#### Entertainment

#### —

#### 2.0%
31,075

Paramount

Global,

Ser.

A,

5.750%,

04/01/24

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

769,728

#### Principal

#### Amount

#### U.S.

#### GOVERNMENT

#### OBLIGATIONS

#### —

#### 5.6%
$

2,225,000

U.S.

Treasury

Bills,

4.094%

to

4.377%††,

02/09/23

to

03/30/23

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

2,210,184

#### TOTAL

#### INVESTMENTS

#### —

#### 100.0%
(Cost

$32,803,354)

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

$

39,474,409

(a) Mandatory

convertible

securities

are

required

to

be

converted

on

the

dates

listed;

they

generally

may

be

converted

prior

to

these

dates

at

the

option

of

the

holder.

†

Non-income

producing

security.

††

Represents

annualized

yields

at

dates

of

purchase.

## 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:** 2023-09-30

- **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:** $39845798.21

**Total Liabilities:** $299239.90

**Net Assets:** $39546558.31

**Cash Not Reported:** $14778.43

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000061074 | 5.23%                | 4.93%                | -6.53%               |
| Class ID C000002860 | 5.06%                | 4.77%                | -6.64%               |
| Class ID C000002858 | 5.21%                | 4.85%                | -6.57%               |
| Class ID C000002861 | 5.14%                | 4.79%                | -6.61%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $312901.92               | $1587082.91                                |
| Month 2  | $75900.93                | $1770314.79                                |
| Month 3  | $-43154.53               | $-2896518.82                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ENERGY TRANSFER LP             | Energy Transfer LP                     | CUSIP: 29273V506<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EP               | CORP              | US        |     61379 | NS      | $1350338.00   | 3.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Herc Holdings Inc              | Herc Holdings Inc                      | CUSIP: 42704L104<br>LEI: 549300TP80QLITMSBP82 | Long             | EC               | CORP              | US        |      7750 | NS      | $1019667.50   | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Maple Leaf Foods Inc           | Maple Leaf Foods Inc                   | CUSIP: 564905107<br>LEI: 549300LX07S5J8F76F37 | Long             | EC               | CORP              | CA        |     62500 | NS      | $1128600.44   | 2.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Post Holdings Inc              | Post Holdings Inc                      | CUSIP: 737446104<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | EC               | CORP              | US        |      4500 | NS      | $406170.00    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Mortgage Trust Inc  | Blackstone Mortgage Trust Inc          | CUSIP: 09257W100<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | EC               | CORP              | US        |    138500 | NS      | $2932045.00   | 7.41%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI AVIATION LTD              | FTAI Aviation Ltd                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | KY        |     39978 | NS      | $899505.00    | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                     | AbbVie Inc                             | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      6000 | NS      | $969660.00    | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| STEEL PARTNERS HLDS LP         | Steel Partners Holdings LP             | CUSIP: 85814R206<br>LEI: 5493009U8Z59G5SIZ389 | Long             | EP               | CORP              | US        |     46604 | NS      | $1070493.88   | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Products Partners L | Enterprise Products Partners LP        | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               | CORP              | US        |    110901 | NS      | $2674932.12   | 6.76%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Community Bancorp Inc | New York Community Bancorp Inc         | CUSIP: 649445103<br>LEI: 529900HVXOTLY61GL030 | Long             | EC               | CORP              | US        |    100000 | NS      | $860000.00    | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Global Management Inc   | Apollo Global Management Inc           | CUSIP: 03769M106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35000 | NS      | $2232650.00   | 5.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Aptiv PLC                      | Aptiv PLC                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |      6250 | NS      | $582062.50    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| BABCOCK & WILCOX ENTERPR       | Babcock & Wilcox Enterprises Inc       | CUSIP: 05614L308<br>LEI: 5493006H661OZN2C0T54 | Long             | EP               | CORP              | US        |     10895 | NS      | $262351.60    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill            | CUSIP: 912796XZ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    315000 | PA      | $313744.93    | 0.79%             | 2023-02-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Medical Properties Trust Inc   | Medical Properties Trust Inc           | CUSIP: 58463J304<br>LEI: 254900U6E39J1MQCCY14 | Long             | EC               | CORP              | US        |     49663 | NS      | $553245.82    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| PARAMOUNT GLOBAL               | Paramount Global                       | CUSIP: 92556H305<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | EP               | CORP              | US        |     31075 | NS      | $769727.75    | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill            | CUSIP: 912796T33<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    375000 | PA      | $372745.84    | 0.94%             | 2023-02-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VICI Properties Inc            | VICI Properties Inc                    | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |    114378 | NS      | $3705847.20   | 9.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                   | Newmont Corp                           | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |      7500 | NS      | $354000.00    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Option Care Health Inc         | Option Care Health Inc                 | CUSIP: 68404L201<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | EC               | CORP              | US        |     30500 | NS      | $917745.00    | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Sirius XM Holdings Inc         | Sirius XM Holdings Inc                 | CUSIP: 82968B103<br>LEI: 54930055RWDMVXAGZK98 | Long             | EC               | CORP              | US        |     70000 | NS      | $408800.00    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill            | CUSIP: 912796YB9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    840000 | PA      | $834270.16    | 2.11%             | 2023-03-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mondelez International Inc     | Mondelez International Inc             | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |     12500 | NS      | $833125.00    | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                 | Morgan Stanley                         | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     14000 | NS      | $1190280.00   | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GREENIDGE GEN HLD INC          | Greenidge Generation Holdings Inc      | CUSIP: 39531G209<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     54287 | NS      | $58087.09     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Media Corp-Liberty For | Liberty Media Corp-Liberty Formula One | CUSIP: 531229870<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7000 | NS      | $374010.00    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| QURATE RETAIL INC              | Qurate Retail Inc                      | CUSIP: 74915M308<br>LEI: 549300PSXEKU4PHLCR04 | Long             | EP               | CORP              | US        |     77587 | NS      | $2658130.62   | 6.72%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                | T-Mobile US Inc                        | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |      4500 | NS      | $630000.00    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| ARGO BLOCKCHAIN PLC            | Argo Blockchain PLC                    | CUSIP: 040126203<br>LEI: 213800WPCCYSDYY26J54 | Long             | EP               | CORP              | GB        |     23931 | NS      | $72989.55     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan Inc              | Kinder Morgan Inc                      | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |    101000 | NS      | $1826080.00   | 4.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Transfer LP             | Energy Transfer LP                     | CUSIP: 29273V100<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EC               | CORP              | US        |    156319 | NS      | $1855506.53   | 4.69%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Partners LP     | NextEra Energy Partners LP             | CUSIP: 65341B106<br>LEI: 5493008F4ZOQFNG3WN54 | Long             | EC               | CORP              | US        |     29829 | NS      | $2090714.61   | 5.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                   | Alphabet Inc                           | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      8300 | NS      | $736459.00    | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill            | CUSIP: 912796YK9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    595000 | PA      | $590446.82    | 1.49%             | 2023-03-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                       | AT&T Inc                               | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |    100000 | NS      | $1841000.00   | 4.66%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill            | CUSIP: 912796YM5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    100000 | PA      | $98976.81     | 0.25%             | 2023-03-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |

### Signature

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

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

**Signature:** John C. Ball

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

**Title:** Treasurer