Mario Gabelli, CEO of GAMCO Investors, made his money in the stock market. He began by betting on the media and telecommunications businesses. Gabelli today oversees assets of $11.7 billion, with a focus on the industrial and financial sectors. The value investing art has lost some of its luster. His hedge fund’s top 10 holdings account for only 13.8 percent of its total portfolio. Gabelli’s net worth is estimated to be about $2 billion. Between March and June, the value of his portfolio increased by $400 million. Gabelli bought 61 new equities in the second quarter.
Here is Insider Monkey’s list of the 10 best bank and finance stocks to buy. Citigroup Inc. is ranked ninth among the top bank and finance companies to purchase. According to the most recent data, GAMCO Investors owned 300,905 shares in the company valued $21.2 million at the end of the second quarter of 2021. GAMCO Investors owned 114,063 shares in the company worth $33.2 million at the end of June 2021, accounting for 0.28 percent of the portfolio. PayPal Holdings, Inc. is the ninth best bank and finance company to purchase on the list. GAMCO Investors owned 366,483 shares in the company worth $33.6 million at the end of the second quarter of 2021, accounting for 0.28 percent of the portfolio. According to Mario Gabelli, it ranks eighth in the top ten bank and finance stocks to purchase. The PNC Financial Services Group, Inc. is the seventh best bank and finance company to purchase. At the end of June 2021, GAMCO Investors owned 250,999 shares in the company, valued at $47.8 million. Bank of America Corporation is ranked sixth among the top ten bank and finance companies to purchase. The organization is based in North Carolina and offers banking and financial services. GAMCO Investors owns more than 1.3 million shares worth more than $57 million in the company. For more details, click 10 Best Bank And Finance Stocks To Buy According To Mario Gabelli.