Investment Strategies
Gabelli Investment Strategies
Our research, your opportunity
Research-powered, results-oriented investments
Value
Fundamental, bottom-up Private Market Value with a Catalyst™
Institutional strategies since 1977
We built our reputation as a Value investor based on a fundamentals-driven, active investment approach informed by our time-tested Private Market Value (PMV) with a Catalyst™ philosophy.
This enables us to identify attractive businesses trading at a meaningful discount to their intrinsic value, that stand to benefit from a catalyst that unlocks value.
Philosophy
Our firm is credited by the academic community with establishing the Private Market Value with a Catalyst™ investment philosophy and applying this to the analysis of public equity securities.
Our investment approach utilizes fundamental, bottom-up research to identify securities selling below their intrinsic value, and we seek to identify mispriced companies with strong businesses and the presence of a catalyst that will surface value.
Investment Research
The Equity Research team includes over 30 sector-focused analysts who support value equity portfolio management and provide sector insights to all investment disciplines. The Collaborative Sector teams benefit from our shared PMV with a Catalyst™ investment philosophy:
Methodology
We seek to identify mispriced companies with strong businesses and the presence of a catalyst that can surface value. Investment teams utilize a broad universe in a benchmark-agnostic approach to cover all market sectors and identify evolving themes and value-based opportunities.
Our fundamental, bottom-up investment process benefits from the compounded, accumulated knowledge of multiple industries over many decades.
Discover how Private Market Value with a Catalyst™ offers more to value investors.
Growth
Investing in innovative companies positioned for long-term growth
Institutional client strategies since 1987
We are fundamental-oriented growth investors focused on identifying industry leaders benefitting from secular growth tailwinds. We invest in companies with above-average revenue growth potential, proven unit economics, impressive track records, and strong returns on invested capital.
Philosophy
We overlay bottoms-up fundamental analysis with a top-down assessment of the business cycle to identify attractive investment themes and companies best positioned to deliver long-term sustainable growth. We construct concentrated portfolios, seeking to maximize exposure to our best ideas.
Objectives
Seek to outperform relevant growth benchmarks, net of fees over five years and longer.
Methodology
We invest in large cap growth companies trading at valuations which can support risk-adjusted returns in excess of the broader equity market. We employ several valuation frameworks to risk-manage individual positions on an ongoing basis. We prefer to act long long-term owners of businesses in our portfolio.
Convertibles
Convertible securities as a means for reduced volatility equity investing
Institutional client strategies since 1977
Convertibles are an attractive, stand-alone asset class due to their asymmetrical return profile, allowing sustained exposure to the upside in their underlying equities while collecting income and reducing potential downside.
Philosophy
The Gabelli Convertible Securities Team uses convertible securities to reduce volatility in equity investing. We believe convertibles are an attractive but often overlooked asset class due to their asymmetrical return profile.
Objectives
We use convertible securities to achieve total returns, mixing income and capital appreciation. Over long-term horizons, we aim to achieve returns that align with broad equity indices with lower volatility.
Methodology
Our managers evaluate every convertible issue to maintain a working knowledge of the convertible universe and determine whether it may be attractive to include in the portfolio.
Following an initial analysis of the convertible’s terms, we perform a more rigorous analysis of the underlying equity fundamentals. The portfolio is then constructed from a bottom-up perspective, ideally using attractive convertible securities in undervalued equities.
In general, convertibles with attractive asymmetrical return profiles allow us to construct a portfolio with a balance of income and capital appreciation potential, which has historically outperformed in flat and down equity markets while still participating in rising equity markets.
Discover how we can build a more intelligent portfolio for your firm.
Fixed Income
Dependable income solutions with risk-managed bond strategies since 1977
Fixed income securities provide investors with reliable income and risk management through a diverse range of instruments, including government and corporate bonds. These securities offer consistent returns, making them a key component of a diversified portfolio.
Philosophy
At Gabelli, we leverage fixed income securities to deliver steady income streams while carefully managing risk. This approach ensures consistent returns, particularly in volatile markets.
Objectives
Our strategies focus on capital preservation and managing interest rate risk, providing diversified exposure across bond sectors to promote long-term stability and income.
Methodology
Our portfolio managers carefully assess credit quality, interest rate trends, and market conditions when selecting bonds for our portfolios. This process involves thorough evaluations of both sovereign and corporate issuers.
We employ a top-down approach to interest rate forecasts and combine it with a bottom-up analysis of individual securities, supported by our equity research team. Our goal is balancing maturity and credit quality, ensuring liquidity while maximizing income potential and minimizing risk.
In Practice
By concentrating on US Treasuries, investment-grade bonds, and selectively chosen high-yield corporate bonds, our portfolios are designed to deliver stable income while preserving capital. In today’s complex financial environment, our fixed income strategies are structured to mitigate risk and effectively navigate interest rate volatility, ensuring consistent returns.
Discover how we can create a fixed income solution tailored to your needs.
Offerings
All Cap
Micro Cap
Small Cap
Mid Cap
Large Cap
International
Domestic
- All Cap
- Micro Cap
- Small Cap
- Mid Cap
- Large Cap
