# EDGAR Filing Document

**Accession Number:** 0000877670
**File Stem:** 0000940400-25-012127
**Filing Date:** 2025-12
**Character Count:** 22160
**Document Hash:** 5632fcdb29972ef98c50bb675ad37b90
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-012127.hdr.sgml**: 20251201

**ACCESSION NUMBER**: 0000940400-25-012127

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251201

**DATE AS OF CHANGE**: 20251128

**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:** 251536778

**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 Global Financial Services Fund (Series ID: S000062891)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000203680 | CLASS I      | GFSIX           |
| C000203681 | CLASS A      | GGFSX           |
| C000203682 | CLASS AAA    | GAFSX           |
| C000203683 | CLASS C      | GCFSX           |

## 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 Global Financial Services Fund

- **b. EDGAR series identifier (if any):** S000062891

- **c. LEI of Series:** 549300OACYREG7GVGS13

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

- **a. Date of fiscal year-end:** 2025-09-30

- **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:** $76677563.99

**Total Liabilities:** $166768.29

**Net Assets:** $76510795.70

**Cash Not Reported:** $25705.42

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000203683 | 2.26%                | 6.32%                | -0.26%               |
| Class ID C000203681 | 2.33%                | 6.35%                | -0.20%               |
| Class ID C000203682 | 2.35%                | 6.35%                | -0.20%               |
| Class ID C000203680 | 2.41%                | 6.35%                | -0.20%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-12532.02               | $1469786.14                                |
| Month 2  | $218058.47               | $3791816.37                                |
| Month 3  | $700.67                  | $-420063.96                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| DAH SING                       | Dah Sing Financial Holdings Ltd    | CUSIP: 000000000<br>LEI: 529900J55QMXMR5KMH32 | Long             | EC               | CORP              | HK        |    392900 | NS      | $1715603.67   | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Capital Holdings Ltd      | Axis Capital Holdings Ltd          | CUSIP: 000000000<br>LEI: 635400VD2NQBYAHMEM55 | Long             | EC               | CORP              | BM        |     15050 | NS      | $1441790.00   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Hana Financial Group Inc       | Hana Financial Group Inc           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     21222 | NS      | $1318953.99   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp     | Capital One Financial Corp         | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |     10310 | NS      | $2191699.80   | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| TrustCo Bank Corp NY           | TrustCo Bank Corp NY               | CUSIP: 898349204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     53255 | NS      | $1933156.50   | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| BBVA                           | Banco Bilbao Vizcaya Argentaria SA | CUSIP: 000000000<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | EC               | CORP              | ES        |     82500 | NS      | $1582678.10   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Republic International Cor | Old Republic International Corp    | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               | CORP              | US        |     30500 | NS      | $1295335.00   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill        | CUSIP: 912797PM3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    350000 | PA      | $344898.02    | 0.45%             | 2026-02-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| First Citizens BancShares Inc/ | First Citizens BancShares Inc/NC   | CUSIP: 31946M103<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EC               | CORP              | US        |      1821 | NS      | $3258060.36   | 4.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Post Bank Co Ltd         | Japan Post Bank Co Ltd             | CUSIP: 000000000<br>LEI: 5493006JVO6N2HC2XZ76 | Long             | EC               | CORP              | JP        |     44900 | NS      | $550908.14    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Commerzbank AG                 | Commerzbank AG                     | CUSIP: 000000000<br>LEI: 851WYGNLUQLFZBSYGB56 | Long             | EC               | CORP              | DE        |     75250 | NS      | $2835063.65   | 3.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus Henderson Group PLC      | Janus Henderson Group PLC          | CUSIP: 000000000<br>LEI: 2138009WPYMWJN3RVF44 | Long             | EC               | CORP              | GB        |     19200 | NS      | $854592.00    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill        | CUSIP: 912797QQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1910000 | PA      | $1900863.04   | 2.48%             | 2025-11-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Daimler Truck Holding AG       | Daimler Truck Holding AG           | CUSIP: 000000000<br>LEI: 529900PW78JIYOUBSR24 | Long             | EC               | CORP              | DE        |     29699 | NS      | $1221081.25   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Toyota Motor Corp              | Toyota Motor Corp                  | CUSIP: 892331307<br>LEI: 5493006W3QUS5LMH6R84 | Long             | EC               | CORP              | JP        |     15325 | NS      | $2928454.25   | 3.83%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill        | CUSIP: 912797QS9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    690000 | PA      | $685222.14    | 0.90%             | 2025-12-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NatWest Group PLC              | NatWest Group PLC                  | CUSIP: 000000000<br>LEI: 2138005O9XJIJN4JPN90 | Long             | EC               | CORP              | GB        |    169785 | NS      | $1191041.50   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Westwood Holdings Group Inc    | Westwood Holdings Group Inc        | CUSIP: 961765104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     53858 | NS      | $888118.42    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Daiwa Securities Group Inc     | Daiwa Securities Group Inc         | CUSIP: 000000000<br>LEI: 353800WRC7Y23PWFJG38 | Long             | EC               | CORP              | JP        |    118700 | NS      | $965187.48    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern First Bancshares Inc  | Southern First Bancshares Inc      | CUSIP: 842873101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25827 | NS      | $1139487.24   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Jefferies Financial Group Inc  | Jefferies Financial Group Inc      | CUSIP: 47233W109<br>LEI: 549300HOF34RGOJ5YL07 | Long             | EC               | CORP              | US        |     23310 | NS      | $1524940.20   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Legacy Housing Corp            | Legacy Housing Corp                | CUSIP: 52472M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34653 | NS      | $953304.03    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercedes-Benz Group AG         | Mercedes-Benz Group AG             | CUSIP: 000000000<br>LEI: 529900R27DL06UVNT076 | Long             | EC               | CORP              | DE        |     20400 | NS      | $1280639.65   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill        | CUSIP: 912797QR1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1280000 | PA      | $1272948.89   | 1.66%             | 2025-11-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill        | CUSIP: 912797QY6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    425000 | PA      | $421781.33    | 0.55%             | 2025-12-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Aspen Insurance Holdings Ltd   | Aspen Insurance Holdings Ltd       | CUSIP: 000000000<br>LEI: 549300YX6HECG9XQCQ75 | Long             | EC               | CORP              | BM        |     35200 | NS      | $1292192.00   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill        | CUSIP: 912797NA1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    446000 | PA      | $444548.49    | 0.58%             | 2025-10-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Dah Sing Banking Group Ltd     | Dah Sing Banking Group Ltd         | CUSIP: 000000000<br>LEI: 529900DXBMKJOLLQOM66 | Long             | EC               | CORP              | HK        |   1233700 | NS      | $1553628.59   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Flushing Financial Corp        | Flushing Financial Corp            | CUSIP: 343873105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     56948 | NS      | $786451.88    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| E-L Financial Corp Ltd         | E-L Financial Corp Ltd             | CUSIP: 268575107<br>LEI: 5493008YS2NMV2UCI287 | Long             | EC               | CORP              | CA        |    258100 | NS      | $3000688.37   | 3.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Westaim Corp/The               | Westaim Corp/The                   | CUSIP: 956925101<br>LEI: 549300TSCVMK1W6GSK84 | Long             | EC               | CORP              | US        |     56913 | NS      | $1174901.55   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill        | CUSIP: 912797QZ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    230000 | PA      | $228076.52    | 0.30%             | 2025-12-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill        | CUSIP: 912797QP5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    240000 | PA      | $239037.60    | 0.31%             | 2025-11-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Moelis & Co                    | Moelis & Co                        | CUSIP: 60786M105<br>LEI: 549300891QNU7VTQUR83 | Long             | EC               | CORP              | US        |     19700 | NS      | $1405004.00   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| ING Groep NV                   | ING Groep NV                       | CUSIP: 000000000<br>LEI: 549300NYKK9MWM7GGW15 | Long             | EC               | CORP              | NL        |     36500 | NS      | $945976.11    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Credit Agricole SA             | Credit Agricole SA                 | CUSIP: 000000000<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | EC               | CORP              | FR        |     61170 | NS      | $1200774.20   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Ichiyoshi Securities Co Ltd    | Ichiyoshi Securities Co Ltd        | CUSIP: 000000000<br>LEI: 353800A8M3VE49QYFV53 | Long             | EC               | CORP              | JP        |    111900 | NS      | $639385.33    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Webster Financial Corp         | Webster Financial Corp             | CUSIP: 947890109<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EC               | CORP              | US        |      9200 | NS      | $546848.00    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Cavco Industries Inc           | Cavco Industries Inc               | CUSIP: 149568107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3940 | NS      | $2288076.20   | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Vitesse Energy Inc             | Vitesse Energy Inc                 | CUSIP: 92852X103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50522 | NS      | $1173626.06   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Societe Generale SA            | Societe Generale SA                | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | EC               | CORP              | FR        |     11360 | NS      | $751685.04    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares Inc   | Texas Capital Bancshares Inc       | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |     11100 | NS      | $938283.00    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays PLC                   | Barclays PLC                       | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | Long             | EC               | CORP              | GB        |     98500 | NS      | $502866.18    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Aegon Ltd                      | Aegon Ltd                          | CUSIP: 000000000<br>LEI: O4QK7KMMK83ITNTHUG69 | Long             | EC               | CORP              | NL        |    162118 | NS      | $1300366.25   | 1.70%             |  |  |  | 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        |     23300 | NS      | $2538768.00   | 3.32%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp              | State Street Corp                  | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |     14180 | NS      | $1645021.80   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill        | CUSIP: 912797NL7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1495000 | PA      | $1485413.73   | 1.94%             | 2025-11-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UniCredit SpA                  | UniCredit SpA                      | CUSIP: 000000000<br>LEI: 549300TRUWO2CD2G5692 | Long             | EC               | CORP              | IT        |     20700 | NS      | $1566803.77   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamond Hill Investment Group  | Diamond Hill Investment Group Inc  | CUSIP: 25264R207<br>LEI: 549300AQ6779A0B7VZ57 | Long             | EC               | CORP              | US        |     11163 | NS      | $1562931.63   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of East Asia Ltd/The      | Bank of East Asia Ltd/The          | CUSIP: 000000000<br>LEI: CO6GC26LCGGRTUESIP55 | Long             | EC               | CORP              | HK        |   1034900 | NS      | $1609145.52   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                  | Citigroup Inc                      | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     15050 | NS      | $1527575.00   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Standard Chartered PLC         | Standard Chartered PLC             | CUSIP: 000000000<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | EC               | CORP              | GB        |    111200 | NS      | $2146831.59   | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Ally Financial Inc             | Ally Financial Inc                 | CUSIP: 02005N100<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EC               | CORP              | US        |     25680 | NS      | $1006656.00   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| NN Group NV                    | NN Group NV                        | CUSIP: 000000000<br>LEI: 724500OHYNDT9OY6Q215 | Long             | EC               | CORP              | NL        |     21955 | NS      | $1543998.44   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Shinhan Financial Group Co Ltd | Shinhan Financial Group Co Ltd     | CUSIP: 824596100<br>LEI: 988400EB8A6G49E5KO54 | Long             | EC               | CORP              | KR        |     27250 | NS      | $1372582.50   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Financial Corp  | First American Financial Corp      | CUSIP: 31847R102<br>LEI: 549300B6VEZK3N0A1P55 | Long             | EC               | CORP              | US        |     32336 | NS      | $2077264.64   | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-28

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

**Signature:** John C. Ball

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

**Title:** Treasurer